In Markov-switching regression models, we use Kullback-Leibler (KL) divergence between the true and candidate models to select the number of states and variables simultaneously. In applying Akaike information criterion (AIC), which is an estimate of KL divergence, we find that AIC retains too...

The claim has been made that the Generalized Maximum Entropy (GME) estimator of Golan, Judge and Miller is not sensitive to variations in the support bounds of either the parameters or the error terms. In this paper, we scrutinized this claim by means of Monte Carlo experiments and found that...

This dissertation examines the impacts of distance-dependent spatial externalities on patterns of economic activity in a free-market setting. This class of externalities, which include such examples as smog dispersal, pesticide drift, and habitat degradation from roads, are referred to as...

Organic vegetable farms on the Central Coast region of California are generally intensive operations. That is, two and sometimes three crops may be harvested off the same acreage each year. Many approaches exist for rowing and marketing organic vegetables. This publication describes the range of...