Equation  17
						restricted
						============

                       Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  167

        Mean of dep. var. = 5.99414      LM het. test = .991946 [.319]
   Std. dev. of dep. var. = .932725     Durbin-Watson = 1.92813 [<.529]
 Sum of squared residuals = 42.7319  Jarque-Bera test = 22.7241 [.000]
    Variance of residuals = .267074   Ramsey's RESET2 = 6.17662 [.014]
 Std. error of regression = .516792   F (zero slopes) = 63.4555 [.000]
                R-squared = .704636    Schwarz B.I.C. = 141.061
       Adjusted R-squared = .693560    Log likelihood = -123.148

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .332289       .088103       3.77160       **  [.000]
 LPRICE3   .072336       .158080       .457594           [.648]
 LPRICE4   .402307       .180724       2.22608       *   [.027]
 LSUPPLY1  -.060725      .063772       -.952222          [.342]
 LSUPPLY2  .257410       .084618       3.04203       **  [.003]
 LSUPPLY3  .071107       .079543       .893951           [.373]
 LSUPPLY4  .039694       .061867       .641599           [.522]


						Equation  18
						unrestricted
						============

                       Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  167

        Mean of dep. var. = 5.99414      LM het. test = .044109 [.834]
   Std. dev. of dep. var. = .932725     Durbin-Watson = 2.00014 [<.993]
 Sum of squared residuals = 33.0130  Jarque-Bera test = 26.7541 [.000]
    Variance of residuals = .235807   Ramsey's RESET2 = 1.12006 [.292]
 Std. error of regression = .485599   F (zero slopes) = 18.1705 [.000]
                R-squared = .771404    Schwarz B.I.C. = 170.694
       Adjusted R-squared = .728950    Log likelihood = -101.601

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .375580       .093880       4.00063       **  [.000]
 LPRICE3   .097922       .160837       .608827           [.544]
 LPRICE4   .398904       .190057       2.09886       *   [.038]
 LSUPPLY1  -.025105      .182032       -.137918          [.891]
 LSUPPLY2  .290047       .084579       3.42930       **  [.001]
 LSUPPLY3  -.287928E-03  .083437       -.345084E-02      [.997]
 LSUPPLY4  .096561       .064658       1.49342           [.138]
 C         -2.45833      1.62738       -1.51061          [.133]
 LTNS      .126778       .215896       .587220           [.558]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   -.031164      .070115       -.444479          [.657]
 FOWNER2   .080873       .078154       1.03479           [.303]
 FOWNER3   -.220112E-02  .044549       -.049409          [.961]
 FOWNER4   .031831       .059898       .531433           [.596]
 FDUMMY1   -.046026      .055799       -.824851          [.411]
 FDUMMY2   -.023650      .040874       -.578613          [.564]
 FDUMMY3   -.071932      .063260       -1.13709          [.257]
 FDUMMY4   .610244E-02   .052432       .116388           [.908]
 FDUMMY5   .020844       .040768       .511278           [.610]
 FDUMMY6   -.017863      .041264       -.432909          [.666]
 FDUMMY7   -.092908      .043665       -2.12777      *   [.035]
 FDUMMY8   .147609       .054561       2.70538       **  [.008]
 FDUMMY9   .043284       .038222       1.13244           [.259]
 FDUMMY10  -.141493      .055471       -2.55077      *   [.012]
 FSTAT1    -.033910      .437023       -.077594          [.938]
 FSTAT2    .163257       .132685       1.23041           [.221]
 FSTAT3    .933299E-03   .089325       .010448           [.992]


 F(20,140)  Test Statistic: 2.060786, Upper tail area: .00798