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Testing inequality hypotheses in econometric models has posed a challenge in terms of identifying an applicable null distribution. This study demonstrates an asymptotic boundary null distribution for testing inequalities and discusses some of the trade o¤s in terms of test errors.

A number of studies have indicated that one of the consequences of a development process is a rise in the consumers' subjective time preference rate (discount rate). This study first shows that many of the adverse economic observations in developing countries can emerge from a rise in the...

This paper presents a game theoretic model of property tax assessment that allows a tax appraiser to either choose a high or a low assessment. The owner either accepts or challenges this assessment. A ‘‘fixed effects’’ regression model is used to evaluate the...

Book Review of Amitrajeet A. Batabyal, Stochastic Models of Decision Making in Arranged Marriages, University Press of America Inc., Lanham, Maryland 20706, 2006, pp. 102. ISBN - 13:978-0-7618-3446-5.