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

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  145

        Mean of dep. var. = 5.22386      LM het. test = .333307 [.564]
   Std. dev. of dep. var. = 1.03125     Durbin-Watson = 2.11943 [<.861]
 Sum of squared residuals = 62.0232  Jarque-Bera test = 68.4862 [.000]
    Variance of residuals = .443023   Ramsey's RESET2 = 4.41400 [.037]
 Std. error of regression = .665600   F (zero slopes) = 51.4183 [.000]
                R-squared = .597510    Schwarz B.I.C. = 156.619
       Adjusted R-squared = .586010    Log likelihood = -144.177

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .173592       .108141       1.60523           [.111]
 LPRICE3   .573094       .111143       5.15638       **  [.000]
 LSUPPLY1  -.212623      .117575       -1.80841          [.073]
 LSUPPLY2  .295730       .136900       2.16019       *   [.032]
 LSUPPLY3  .168948       .071720       2.35566       *   [.020]


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

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  145

        Mean of dep. var. = 5.22386      LM het. test = 3.68447 [.055]
   Std. dev. of dep. var. = 1.03125     Durbin-Watson = 2.08663 [<1.00]
 Sum of squared residuals = 43.9632  Jarque-Bera test = 11.2408 [.004]
    Variance of residuals = .378993   Ramsey's RESET2 = 2.42410 [.122]
 Std. error of regression = .615624   F (zero slopes) = 10.2883 [.000]
                R-squared = .712924    Schwarz B.I.C. = 191.389
       Adjusted R-squared = .643629    Log likelihood = -119.226

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .132653       .111551       1.18917           [.237]
 LPRICE3   .634297       .120267       5.27408       **  [.000]
 LSUPPLY1  -.287076      .149431       -1.92113          [.057]
 LSUPPLY2  .283120       .137438       2.05999       *   [.042]
 LSUPPLY3  .112805       .078325       1.44021           [.152]
 C         1.11195       3.21189       .346197           [.730]
 LTNS      .029963       .245545       .122028           [.903]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   -.058595      .091163       -.642751          [.522]
 FOWNER2   -.054638      .048725       -1.12137          [.264]
 FOWNER3   .032505       .067168       .483933           [.629]
 FOWNER4   -.059076      .053341       -1.10752          [.270]
 FOWNER5   -.037779      .046531       -.811916          [.418]
 FDUMMY1   .100869       .090679       1.11238           [.268]
 FDUMMY2   -.122524      .054323       -2.25546      *   [.026]
 FDUMMY3   -.127652      .064609       -1.97578          [.051]
 FDUMMY4   .028613       .071584       .399707           [.690]
 FDUMMY5   -.062481      .079034       -.790550          [.431]
 FDUMMY6   .156248       .080338       1.94488           [.054]
 FDUMMY7   .075314       .077917       .966588           [.336]
 FDUMMY8   -.047566      .069890       -.680579          [.497]
 FDUMMY9   .012650       .060053       .210645           [.834]
 FDUMMY10  -.015380      .061757       -.249048          [.804]
 FDUMMY11  -.365722      .083106       -4.40066      **  [.000]
 FDUMMY12  -.181151      .087503       -2.07023      *   [.041]
 FSTAT1    -.619038      .518234       -1.19452          [.235]
 FSTAT2    -.010836      .253357       -.042771          [.966]
 FSTAT3    -.038889      .287564       -.135238          [.893]
 FSTAT4    -.077106      .182822       -.421756          [.674]


 F(24,116)  Test Statistic: 1.985524, Upper tail area: .00864