Federal agencies improved their handling of antitrust policy from 1980 to 1985, based upon a study of time allocation of antitrust efforts among the manufacturing industries. The agencies studied were the FTC and the Antitrust Division of the Dept of Justice. Ronald Reagan's presidency provided...

This paper focuses on the practice of serial correlation correcting of the Linear Regression Model (LRM) by modeling the error. Simple Monte Carlo experiments are used to demonstrate the following points regarding this practice. First, the common factor restrictions implicitly imposed on the...