The maintained hypotheses embodied in structural general equilibrium models calibrated to data have tended to make economists and policy makers insecure regarding their empirical foundation. Advances in dynamic general equilibrium (DGE) theory and its empirical application have exacerbated this...

The maintained hypotheses embodied in structural general equilibrium models calibrated to data have tended to make economists and policy makers insecure regarding their empirical foundation. Advances in dynamic general equilibrium (DGE) theory and its empirical application have exacerbated this...

A computationally efficient method is developed in this paper for deriving a sequence of bounds to the global value of an integer fixed charge problem where certain functions are linear only for positive values of the argument and have a jump discontinuity at the origin. While other efficient...

This paper focuses on the application of computer-based, iterative methods for deriving analytical solutions to economic models expressed as systems of simultaneous linear and/or nonlinear equations. Practical suggestions for using four specific methods are emphasized. Analogies form economics...

Cluster analysis was used to identify five distinct buyer segments for expendable input purchases for U.S. crop and livestock commercial producers. A multinomial logit model was used to predict segment membership based on demographic, behavioral, and business management factors. Results provide...

In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse relationship also exists between the incidence of poverty and small business and economic growth. Thus, the empirical result establishes the linkage between small...