In regional economics research, a problem of interest is to detect similarities between regions, and estimate their shared coefficients in models. this article, we propose mixture finite mixtures clustered regression model with auxiliary covariates that account for demographic or economic characteristics over spatial domain. Our Bayesian construction provides both inference number clusters clus...

This study links up the theories of social psychology, economics and sport management to assess the impact of sport participation on subjective well-being (SWB) and use a simple statistic method to estimate the relative monetary value that sport participation derives SWB for Taiwan’s college students. By constructing proper measurements on sport participation and SWB respectively, a structural ...

We appraise the theoretical basis and the consequent empirical work of Frank Wolak in his study of the New Zealand Electricity Market in a report to the New Zealand Commerce Commission released in March 2009. The report found no multilateral actions, but concluded there was evidence of unilateral market power. We find that the theoretical and empirical methodologies employed to reach this posit...

• identify and prioritize key issues; • describe the mechanisms for putting pharmacoeconomic and outcomes information and data into the same operational format that decisionmakers use to make formulary decisions; • identify the entities that are conducting/supporting the research, the purpose of the research, and their target audiences for communicating research results; • discuss outlets of co...

transaction cost economics (tce), as a subset of new institutional economics (nie), is the combination of economics, organization and law. noble prize in 2009 was dedicated to oliver williamson who was the most popular face in the economics as tce main contributor. in tce, the main issues on the one hand is how institutions follow characteristics of transactions, on the other hand, the making o...