We examine the impact of explanatory variables such as load, weather and capacity constraints on the occurrence and magnitude of price spikes in regional Australian electricity markets. We apply the so-called Heckman correction, a two-stage estimation procedure that allows us to investigate the...

This study was conducted to estimate the elasticities of demand for eight different fish types and four income groups in Bangladesh using year-round data collected from inland areas of the country. It uses a three-stage budgeting framework that estimates a demand function for food in the first...

Nationwide wages at public universities in Venezuela are established by government based on a five-category system, whose requirements include research and tenure. Generally, professors show delay in promotion, probably due to neglecting research, prevalence of lecturing and lack of monetary...

Fish demand patterns in nine Asian countries were investigated using a multistage budgeting framework allowing a disaggregated approach to analysing fish consumption. This paper highlights the heterogeneity of fisheries products in terms of species, sources and cultural responses of consumers,...