This article establishes optimal pricing rules for rationing indivisible units of rival and otherwise nonexcludable goods by lottery or a hybrid of a lottery and outright sale by posted price. Given the distributional objective of maximizing expected consumer surplus, the solutions to...

This paper investigates the forecasting performance of the non-linear time series SETAR model by using Canadian GDP data from 1965 to 2000. Besides the within-sample fit, the forecasting performance of a standard linear ARIMA model for the same sample has also been generated for comparative...

Previous studies on the relationship between macroeconomic aggregates and business failures have been restricted to the description of the short-run relationships among the variables. This paper uses an error-correction model (ECM) to investigate the determinants of UK corporate failures by...