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

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  547

        Mean of dep. var. = 4.98128      LM het. test = .669595 [.413]
   Std. dev. of dep. var. = .889485     Durbin-Watson = 1.83642 [<.045]
 Sum of squared residuals = 270.495  Jarque-Bera test = 18.0865 [.000]
    Variance of residuals = .499069   Ramsey's RESET2 = 35.5837 [.000]
 Std. error of regression = .706448   F (zero slopes) = 80.8963 [.000]
                R-squared = .382433    Schwarz B.I.C. = 599.323
       Adjusted R-squared = .377876    Log likelihood = -583.562

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .178380       .062650       2.84724       **  [.005]
 LPRICE3   .464613       .054605       8.50865       **  [.000]
 LSUPPLY1  .036955       .069796       .529479           [.597]
 LSUPPLY2  .089619       .078399       1.14311           [.253]
 LSUPPLY3  .173574       .046250       3.75298       **  [.000]


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

		Method of estimation = Ordinary Least Squares


 Dependent variable: LPSE
 Number of observations:  547

        Mean of dep. var. = 4.98128      LM het. test = .772685E-02 [.930]
   Std. dev. of dep. var. = .889485     Durbin-Watson = 1.97072 [<.902]
 Sum of squared residuals = 220.057  Jarque-Bera test = 20.6417 [.000]
    Variance of residuals = .424821   Ramsey's RESET2 = .141857 [.707]
 Std. error of regression = .651783   F (zero slopes) = 17.8167 [.000]
                R-squared = .490593    Schwarz B.I.C. = 618.535
       Adjusted R-squared = .463057    Log likelihood = -527.121

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .155912       .059598       2.61607       **  [.009]
 LPRICE3   .470222       .055385       8.49006       **  [.000]
 LSUPPLY1  -.081520      .090961       -.896201          [.371]
 LSUPPLY2  .082178       .073535       1.11754           [.264]
 LSUPPLY3  .175130       .044167       3.96522       **  [.000]
 C         4.64307       .656154       7.07619       **  [.000]
 LTNS      -.278413      .073435       -3.79131      **  [.000]
 LSUPPLY1  0.            0.            0.                [1.00]
 FOWNER1   -.815446E-02  .025655       -.317849          [.751]
 FOWNER2   .044807       .035882       1.24873           [.212]
 FOWNER3   -.021712      .028300       -.767216          [.443]
 FOWNER4   -.015636      .045868       -.340885          [.733]
 FOWNER5   .151766       .130016       1.16729           [.244]
 FDUMMY1   -.060257      .043148       -1.39654          [.163]
 FDUMMY2   -.067426      .031083       -2.16922      *   [.031]
 FDUMMY3   .602815E-03   .027622       .021823           [.983]
 FDUMMY4   -.052627      .028270       -1.86157          [.063]
 FDUMMY5   .111599E-02   .026600       .041954           [.967]
 FDUMMY6   -.020031      .034777       -.575983          [.565]
 FDUMMY7   -.055250      .028482       -1.93982          [.053]
 FDUMMY8   .046843       .030223       1.54992           [.122]
 FDUMMY9   -.041402      .027403       -1.51083          [.131]
 FDUMMY10  -.022556      .027260       -.827455          [.408]
 FDUMMY11  .013110       .027857       .470624           [.638]
 FDUMMY12  -.030741      .026196       -1.17348          [.241]
 FSTAT1    .165160       .394018       .419170           [.675]
 FSTAT2    .207796       .246720       .842234           [.400]
 FSTAT3    .402429       .290604       1.38480           [.167]
 FSTAT4    -.188853      .096314       -1.96080          [.050]


 F(24,518)  Test Statistic: 4.947007, Upper tail area: .00000