The lack of robust evidence showing that hypothetical behavior directly maps into real actions remains a major concern for proponents of stated preference nonmarket valuation techniques. This article explores a new statistical approach to link actual and hypothetical statements. Using...

The ex ante real rate of interest is one of the most important concepts in economics and finance. Because the universally-used Fisher theory of interest requires positive ex ante real interest rates, empirical estimates of the ex ante real interest rate derived from the Fisher theory of interest...

This paper discusses economic development policy in the Yugoslav republics, with particular attention to agricultural production. Previous researchers have suggested that a development strategy of transferring investment resources from the more developed to the less developed republics as well...

This article explores WalMart’s impact on the retail sector in the counties in which it is located, as well as in surrounding counties, by examining the number and size of retail outlets, by retail category. Using statewide data as well as a case study incorporating econometric modes, we...