A theoretical model of collective wage bargaining is developed in which unions set wages and employers decide employment. A novel feature of the model is that the conventional expected utility calculus is replaced by one in which regret from failed wage bargains and jubilation from successful...

An econometric methodology is developed for nonparametric estimation of concave production technologies. The methodology, bases on the priciple of maximum likelihood, uses entropic distance and concvex programming techniques to estimate production functions.

This paper looks at the determinants of regional housing construction using Israeli panel data. We propose a simple model of regional housing markets in which people prefer to live where housing is cheaper and building contractors prefer to build in regions where housing is more expensive. We...

<title>Abstract</title> Spatial impulses are derived for SAR models containing a spatial unit root. Analytical solutions are obtained for lateral space where the number of spatial units tends to infinity. Numerical solutions are obtained for finite regular lattices where edge-effects are shown to influence...