Equation  29
					restricted
					============

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  561

        Mean of dep. var. = 5.63742      LM het. test = 4.78886 [.029]
   Std. dev. of dep. var. = 1.07067     Durbin-Watson = 1.90229 [<.239]
 Sum of squared residuals = 302.592  Jarque-Bera test = 31.2094 [.000]
    Variance of residuals = .548173   Ramsey's RESET2 = .553632 [.457]
 Std. error of regression = .740387   F (zero slopes) = 77.3845 [.000]
                R-squared = .528664    Schwarz B.I.C. = 651.345
       Adjusted R-squared = .521833    Log likelihood = -622.861

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .340068       .064056       5.30891       **  [.000]
 LPRICE3   .117423       .102559       1.14493           [.253]
 LPRICE4   .187629       .140576       1.33472           [.183]
 LPRICE5   .214268       .108815       1.96911       *   [.049]
 LSUPPLY1  -.179015      .049910       -3.58673      **  [.000]
 LSUPPLY2  .231476       .053064       4.36225       **  [.000]
 LSUPPLY3  .140498       .065324       2.15079       *   [.032]
 LSUPPLY4  .092503       .061019       1.51598           [.130]
 LSUPPLY5  .510211E-02   .038408       .132840           [.894]


					Equation  30
					unrestricted
					============

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  561

        Mean of dep. var. = 5.63742      LM het. test = 5.34468 [.021]
   Std. dev. of dep. var. = 1.07067     Durbin-Watson = 1.91591 [<.733]
 Sum of squared residuals = 284.176  Jarque-Bera test = 34.4685 [.000]
    Variance of residuals = .534166   Ramsey's RESET2 = .443213 [.506]
 Std. error of regression = .730867   F (zero slopes) = 23.9209 [.000]
                R-squared = .557325    Schwarz B.I.C. = 697.030
       Adjusted R-squared = .534026    Log likelihood = -605.249

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .342633       .064956       5.27486       **  [.000]
 LPRICE3   .130326       .105048       1.24063           [.215]
 LPRICE4   .161632       .144114       1.12156           [.263]
 LPRICE5   .222340       .111553       1.99313       *   [.047]
 LSUPPLY1  -.419504      .146979       -2.85418      **  [.004]
 LSUPPLY2  .213102       .054235       3.92925       **  [.000]
 LSUPPLY3  .150071       .065512       2.29074       *   [.022]
 LSUPPLY4  .067381       .061299       1.09921           [.272]
 LSUPPLY5  .018544       .038832       .477541           [.633]
 C         -.788218      .653127       -1.20684          [.228]
 LTNS      .327992       .148489       2.20886       *   [.028]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   -.052283      .052474       -.996369          [.320]
 FOWNER2   -.022681      .039918       -.568177          [.570]
 FOWNER3   .015917       .044422       .358315           [.720]
 FOWNER4   .017214       .031535       .545853           [.585]
 FDUMMY1   .020752       .036269       .572173           [.567]
 FDUMMY2   -.084846      .035060       -2.41999      *   [.016]
 FDUMMY3   -.035141      .032499       -1.08130          [.280]
 FDUMMY4   -.021599      .030051       -.718739          [.473]
 FDUMMY5   .014305       .030673       .466389           [.641]
 FDUMMY6   .037375       .030371       1.23060           [.219]
 FDUMMY7   -.010789      .031018       -.347824          [.728]
 FDUMMY8   .020093       .031793       .632003           [.528]
 FDUMMY9   -.012622      .032175       -.392296          [.695]
 FDUMMY10  -.062379      .030189       -2.06628      *   [.039]
 FSTAT1    -.587122E-02  .023887       -.245789          [.806]
 FSTAT2    .092672       .035774       2.59052       **  [.010]
 FSTAT3    .035641       .033619       1.06013           [.290]


 F(20,532)  Test Statistic: 1.723738, Upper tail area: .02637