Empirical Studies In Applied Economics presents nine previously
unpublished analyses in monograph form. In this work, the topics
are presented so that each chapter stands on its own. The emphasis
is on the applications but attention is also given to the
econometric and statistical issues for advanced readers.
Econometric methods include multivariate regression analysis,
limited dependent variable analysis, and other maximum likelihood
techniques. The empirical topics include the measurement of
competition and market power in natural gas transportation markets
and in the pharmaceutical market for chemotherapy drugs. Additional
topics include an empirical analysis of NFL football demand, the
accuracy of an econometric model for mail demand, and the
allocation of police services in rural Alaska. Other chapters
consider the valuation of technology patents and the determination
of patent scope, duration, and reasonable royalty, and the reaction
of financial markets to health scares in the fast-food industry.
Finally, two chapters are devoted to the theory and testing of
synergistic health effects from the combined exposure to asbestos
and cigarette smoking.
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