Equation   9
					restricted
					============

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  72

        Mean of dep. var. = 6.50848      LM het. test = .708125E-04 [.993]
   Std. dev. of dep. var. = .900975     Durbin-Watson = 2.07521 [<.910]
 Sum of squared residuals = 20.0620  Jarque-Bera test = 14.0832 [.001]
    Variance of residuals = .318445   Ramsey's RESET2 = .573275 [.452]
 Std. error of regression = .564309   F (zero slopes) = 14.7485 [.000]
                R-squared = .652142    Schwarz B.I.C. = 75.4064
       Adjusted R-squared = .607969    Log likelihood = -56.1614

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .608055       .211907       2.86945       **  [.006]
 LPRICE3   -.590664      .267660       -2.20677      *   [.031]
 LPRICE4   .645997       .357701       1.80597           [.076]
 LPRICE5   .469297       .232805       2.01583       *   [.048]
 LSUPPLY1  .251370       .183060       1.37316           [.175]
 LSUPPLY2  -.232229      .206161       -1.12644          [.264]
 LSUPPLY3  .068255       .147712       .462084           [.646]
 LSUPPLY4  .071806       .113685       .631628           [.530]
 LSUPPLY5  .077496       .067067       1.15550           [.252]


					Equation  10
					unrestricted
					============

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  72

        Mean of dep. var. = 6.50848      LM het. test = .518535 [.471]
   Std. dev. of dep. var. = .900975     Durbin-Watson = 1.86990 [<.999]
 Sum of squared residuals = 11.8052  Jarque-Bera test = 1.14300 [.565]
    Variance of residuals = .274540   Ramsey's RESET2 = .478701E-02 [.945]
 Std. error of regression = .523965   F (zero slopes) = 5.96186 [.000]
                R-squared = .795172    Schwarz B.I.C. = 99.0827
       Adjusted R-squared = .661795    Log likelihood = -37.0711

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .239204       .276551       .864954           [.392]
 LPRICE3   -.943622      .357133       -2.64221      *   [.011]
 LPRICE4   .983726       .428509       2.29569       *   [.027]
 LPRICE5   .800400       .273666       2.92474       **  [.005]
 LSUPPLY1  .092001       .296917       .309855           [.758]
 LSUPPLY2  -.126794      .233630       -.542716          [.590]
 LSUPPLY3  .051109       .171904       .297313           [.768]
 LSUPPLY4  .095033       .129548       .733571           [.467]
 LSUPPLY5  .091685       .070290       1.30437           [.199]
 C         1.47109       2.31618       .635136           [.529]
 LTNS      -.067558      .232140       -.291023          [.772]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   .043318       .053674       .807053           [.424]
 FOWNER2   -.113585      .077327       -1.46889          [.149]
 FOWNER3   .022526       .047252       .476729           [.636]
 FOWNER4   -.089015      .086545       -1.02854          [.309]
 FDUMMY1   -.083457      .116940       -.713672          [.479]
 FDUMMY2   -.162112      .067618       -2.39747      *   [.021]
 FDUMMY3   -.474382      .126843       -3.73990      **  [.001]
 FDUMMY4   .189067       .139093       1.35928           [.181]
 FDUMMY5   -.200252      .094039       -2.12945      *   [.039]
 FDUMMY6   -.391491      .144515       -2.70900      **  [.010]
 FDUMMY7   .070317       .083528       .841830           [.404]
 FDUMMY8   -.101537      .096749       -1.04949          [.300]
 FDUMMY9   .087307       .106165       .822378           [.415]
 FDUMMY10  -.011826      .108042       -.109454          [.913]
 FSTAT1    2.23752       1.26970       1.76224           [.085]
 FSTAT2    -.022972      .119334       -.192502          [.848]
 FSTAT3    -.430314      .220636       -1.95033          [.058]


 F(20,43)  Test Statistic: 1.503752, Upper tail area: .12987