Advertising expenditures may well be regarded as a form of investment. Using this concept, Nerlove and Arrow examined an optimal advertising policy for the firm which maximizes present valued cash flow. In this paper the Nerlove-Arrow model is applied by use of the usual stock adjustment formula...

Since Timbergen's pioneering study published in 1939, various econometric models have been built in many countries in the world. The rate of production of econometric models has been increasing, particularly over the last decade. This trend is a product of the following developments: (i)...

This paper talks about the Solow (10) generalized Koyck's method for distributed lags to a family of J-shaped or unimodel lag distributions given by the Pascal distributions. Jorgenson (5) advances it to what he calls the general Pascal distribution.

This paper talks about the wage-parity issue which arose in 1968 when the United Auto Workers demanded wage-parity between Canadian and American workers in the automobile industry. Also, if wage-parity is introduced, what and how severe will be its effects on the prices and on Canadian economic...

In 1984, NKK corporation, a leading Japanese steel maker, acquired from the National Intergroup Inc. (NII), an American holding company, its 50% equity interest in National Steel Corporation (NSC), the fourth largest integrated steel firm in the US. In spite of the US economic recovery that...

A Bayesian semi-parametric estimation of the binary response model using Markov Chain Monte Carlo algorithms is proposed. The performances of the parametric and semi-parametric models are presented. The mean squared errors, receiver operating characteristic curve, and the marginal effect are...