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A test for spatial independence based on characteristic functions is introduced. The test is shown to be consistent against a fairly general class of alternatives, and the asymptotic distribution of the test statistic is determined. The test is then put to use in analyzing the spatial pattern of...
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In this paper we study the regional pattern of municipal business property tax rates in the province of British Columbia. Reduced-form tax-setting equations produce some evidence that municipal governments respond to tax changes in neighbouring jurisdictions. A joint investigation of the...
Persistent link: https://www.econbiz.de/10005770534
We investigate the nature of price competition among firms that produce differentiated products and compete in markets that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response coefficients, demonstrate that our estimator is...
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We investigate the nature of price competition among firms that produce differentiated products and compete in markets that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response coefficients, demonstrate that our estimator is...
Persistent link: https://www.econbiz.de/10014116198