This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of an ideal test as suggested by Hall (2008). Firms were offered a hypothetical payment and were asked to choose between alternatives of use. If they selected additional...

A multivariate binary choice model is used to examine the climate effects on cattle breed selection across Texas counties. Angus, Brangus, and Brahman are considered in the model. Results suggest that it is more efficient to estimate the binary choice equations jointly than separately. Counties...