This paper applies an extended Box-Cox model to test the functional form of the purchasing power parity hypothesis for Canada, the EU, Japan, and the U.K. Both the relative CPI and the relative PPI are considered in empirical work. The log-log form commonly chosen by most researchers can be...

Generalised travel-cost models were specified for the repeatable measurement of the economic value of recreation in Parks. Valuations of recreational use have been undertaken for approximately 30 metropolitan parks in Melbourne and 35 National Parks and other sites in rural Victoria. Zonal...

This paper considers the specification of a production function, using crop-yield response to agricultural lime as an example. The paper first reviews neoclassical production theory, observing that this theory specifies neither the form nor the arguments of a production function. Several...

In this paper we estimate the business telecommunications demands for local,intra-LATA and inter-LATA services, using US data from a Bill Harvesting (R) survey carried out during 1997. We model heterogeneity, which is present among firms due to a variety of different business telecommunication...