The role of technical progress as a means of extending energy resources, together with the widespread use of flexible functional forms, has led to increased interest in the estimation of nonneutral technical change in recent years. Studies by Binswanger (1974), Berndt and Khaled (1979), and...

This article tests for the effects of a change in competitive balance on attendance at Major League Baseball games using game-level attendance data for the 2000-2002 seasons. Employing the difference between the winning percentages of the home and visiting teams as a measure of competitive...

This study estimates rates of deterioration and depreciation for a sample of used privately owned single- and twin-engine aircraft over the period 1971-1991. The adoption of a strict liability standard in the 1970s lead to a 775% increase in liability expenses for the manufacturers of private...