Using a panel data set on the local telecommunications companies reporting to the FCC
for 1988-95, this paper investigates the subadditivity of the cost function, as well as
technical and allocative inefficiency of the U.S. local telephone industry. The subadditivity
test on the estimated translog cost function indicates that certain...
This study compares the results of a contingent valuation (CV) mail survey and the voting outcome of a bond measure to fund improvements, through property tax increases, to a downtown park and adjacent riverbank in Corvallis, Oregon. In addition to asking survey respondents about their voting decision, respondents are presented...