The recent 'open-economy industrial organization' literature generally finds export-orientation to enhance the weight of post-merger international competitive gains; thereby, favoring lenient domestic merger policy. We observe, however, that mergers seldom generate the 'significant synergies'...

In this research, we propose a new methodology to assess structural similarity of air navigation route systems in 58 countries. We identify functional dependencies among network metrics through regression analysis. We build a graph for the network metrics, with each metric as a node and a link...

This paper examines the effect of the change of state shares in a state-owned enterprise (SOE) on the efficiency of the whole society and the payoff of the government. This issue is addressed by setting up a mixed oligopolistic competition model and dividing the analysis into two cases: closed...

<Para ID="Par1">In this paper we consider the Bayesian approach to the problem of variable selection in normal linear regression models with related predictors. We adopt a generalized singular <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$$g$$</EquationSource> <EquationSource Format="MATHML"> <math xmlns:xlink="http://www.w3.org/1999/xlink"> <mi>g</mi> </math> </EquationSource> </InlineEquation>-prior distribution for the unknown model parameters and the beta-prime prior for the scaling factor <InlineEquation ID="IEq2"> <EquationSource...</equationsource></inlineequation></equationsource></equationsource></inlineequation></para>

We study the problems of hypothesis testing and point estimation for the correlation coefficient between the disturbances in the system of two seemingly unrelated regression equations. An objective Bayesian solution to each problem is proposed based on combined use of the invariant loss function...