Equation  15
						restricted
						============

                       Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  173

        Mean of dep. var. = 6.00195      LM het. test = .842389 [.359]
   Std. dev. of dep. var. = .931311     Durbin-Watson = 1.89688 [<.369]
 Sum of squared residuals = 45.9646  Jarque-Bera test = 23.1316 [.000]
    Variance of residuals = .273599   Ramsey's RESET2 = 2.98709 [.086]
 Std. error of regression = .523067   F (zero slopes) = 94.3150 [.000]
                R-squared = .692082    Schwarz B.I.C. = 143.711
       Adjusted R-squared = .684750    Log likelihood = -130.827

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .361802       .087767       4.12230       **  [.000]
 LPRICE3   .398802       .055982       7.12374       **  [.000]
 LSUPPLY1  -.024962      .061957       -.402901          [.688]
 LSUPPLY2  .297697       .083070       3.58370       **  [.000]
 LSUPPLY3  .044800       .058816       .761699           [.447]


						Equation  16
						unrestricted
						============

                       Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  173

        Mean of dep. var. = 6.00195      LM het. test = .175561 [.675]
   Std. dev. of dep. var. = .931311     Durbin-Watson = 1.99280 [<.985]
 Sum of squared residuals = 35.8522  Jarque-Bera test = 8.88033 [.012]
    Variance of residuals = .242245   Ramsey's RESET2 = 1.23779 [.268]
 Std. error of regression = .492184   F (zero slopes) = 19.4931 [.000]
                R-squared = .759675    Schwarz B.I.C. = 173.751
       Adjusted R-squared = .720704    Log likelihood = -109.335

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .377454       .092611       4.07571       **  [.000]
 LPRICE3   .400380       .058374       6.85888       **  [.000]
 LSUPPLY1  .028770       .182780       .157401           [.875]
 LSUPPLY2  .326908       .081707       4.00099       **  [.000]
 LSUPPLY3  .016223       .060820       .266743           [.790]
 C         -1.14822      1.57907       -.727151          [.468]
 LTNS      .031336       .215406       .145476           [.885]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   -.010751      .070084       -.153396          [.878]
 FOWNER2   .074805       .072468       1.03225           [.304]
 FOWNER3   .016112       .042995       .374735           [.708]
 FOWNER4   .592814E-02   .056403       .105103           [.916]
 FDUMMY1   -.046270      .056127       -.824378          [.411]
 FDUMMY2   -.842639E-02  .039625       -.212654          [.832]
 FDUMMY3   -.093255      .062493       -1.49226          [.138]
 FDUMMY4   .146622E-02   .052924       .027704           [.978]
 FDUMMY5   .043811       .039394       1.11213           [.268]
 FDUMMY6   -.024360      .041391       -.588535          [.557]
 FDUMMY7   -.097750      .041922       -2.33172      *   [.021]
 FDUMMY8   .151476       .054076       2.80119       **  [.006]
 FDUMMY9   .068011       .036231       1.87717           [.062]
 FDUMMY10  -.152293      .055637       -2.73725      **  [.007]
 FSTAT1    .069168       .421801       .163983           [.870]
 FSTAT2    .173934       .133546       1.30243           [.195]
 FSTAT3    -.016992      .089216       -.190462          [.849]


 F(20,148)  Test Statistic: 2.087223, Upper tail area: .00679