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Empirical Studies In Applied Economics presents nine previously unpublished analyses in monograph form.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.
List of contents
1.Revealed Market Power of A Natural Gas Pipeline.- 1.1 Introduction.- 1.2 Basis Differentials.- 1.3 Discounting.- 1.4 Econometric Results.- 1.5 Conclusion.- 2. The Demand for NFL Football.- 2.1 Introduction.- 2.2 The Demand for NFL Football Tickets.- 2.3 Bandwagons, Social Influences, and Group Demand.- 2.4 Becker's Model.- 2.5 The Demand for NFL Football.- 2.6 Conclusions.- 3. Shifts in the Demand for Direct Mail.- 3.1 Introduction.- 3.2 Comparison of Original, Revised, and Updated Direct Mail Models.- 3.3 The Shift in Demand Between 1995 and 1996.- 3.4 Comparing Forecast Accuracy.- 4. Valuation of a Technology Patent.- 4.1 Introduction.- 4.2 Scope Limitations.- 4.3 Duration Limitations.- 4.4 Limitations in the Royalty's Value.- 4.5 Conclusions.- 5. Statistical Analysis of Synergy.- 5.1 Introduction.- 5.2 Case-Control Studies.- 5.3 Bonferroni Intervals and Simulations.- 5.4 Synergy Indices.- 5.5 Cohort Studies.- 5.6 Conclusion.- 6. Tests of Synergy.- 6.1 Introduction.- 6.2 Review of Studies.- 6.3 Tests of Hypothesis.- 6.4 Meta-analysis of the Fourteen Synergy Studies.- 6.5 Conclusions.- 7. Concentration in the Chemotherapy Drug Market.- 7.1 Introduction.- 7.2 Market Structure.- 7.3 Statutory Exclusivity in the United States.- 7.4 History of Paclitaxel.- 7.5 Market Power Measures.- 7.6 The Relevant Product Market for Paclitaxel Drugs.- 7.7 Conclusion.- 8. Alaskan Police Services.- 8.1 Introduction.- 8.2 Historical Background.- 8.3 Theory.- 8.4 Allocation Analysis.- 8.5 Conclusions.- 9. Fast Food Health Scare.- 9.1 Introduction.- 9.2 Data Sources.- 9.3 Econometric Models.- 9.4 Simulations and Conclusions.
Summary
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.
