How a cost shock is passed through to final consumer prices may relate to nominal price stickiness and rigidities, the existence of nonadjustable cost components, strategic markup adjustments, or other contract terms along the supply distribution chain. This paper presents a simple framework to...

This paper develops a methodology for investigating different specifications of angling quality in recreational demand models. The methodology is used to compare three alternative specifications of the relationship between angling demand and site quality. The site quality alternatives include...

This study estimates and compares the competing optimising and non-optimising balance of trade models using Indian data. The results obtained from the optimising model suggest that the prices relative to user cost of capital and the real wealth lead to a deterioration, while the real capital...

This paper models and estimates Greek defence spending over the 1950-1989 period. It employs the Stone-Geary welfare function and estimates levels of defence expenditures by the Engle-Granger two-step procedure. The Dickey-Fuller test regression for cointegration is specified in terms of the...

Purpose – The purpose of this paper is to examine the effects of distribution channels on demand for apparel, home textiles, and other textiles (including shoes) in urban China. Design/methodology/approach – The estimation procedure used in this study is implemented in three steps: first,...

We propose non-nested hypothesis tests for conditional moment restriction models based on the method of generalized empirical likelihood (GEL). By utilizing the implied GEL probabilities from a sequence of unconditional moment restrictions that contains equivalent information of the conditional...