restricted 
					==========

		Method of estimation = Ordinary Least Squares 


 Dependent variable: LPSE
 Number of observations:  661

        Mean of dep. var. = 5.10813      LM het. test = 1.02263 [.312]
   Std. dev. of dep. var. = .982084     Durbin-Watson = 1.76409 [<.004]
 Sum of squared residuals = 304.811  Jarque-Bera test = 11.7466 [.003]
    Variance of residuals = .466786   Ramsey's RESET2 = 17.4528 [.000]
 Std. error of regression = .683218   F (zero slopes) = 101.530 [.000]
                R-squared = .525929    Schwarz B.I.C. = 708.066
       Adjusted R-squared = .520847    Log likelihood = -682.091

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .221252       .055168       4.01050       **  [.000]
 LPRICE3   .174812       .093253       1.87460           [.061]
 LPRICE4   .127854       .114765       1.11405           [.266]
 LPRICE5   .271934       .082856       3.28200       **  [.001]
 LSUPPLY2  .089832       .038036       2.36179       *   [.018]
 LSUPPLY3  .045823       .052792       .867996           [.386]
 LSUPPLY4  .022652       .044708       .506668           [.613]
 LSUPPLY5  .095802       .031968       2.99679       **  [.003]


					unrestricted 
					============

		Method of estimation = Ordinary Least Squares 


 Dependent variable: LPSE
 Number of observations:  661

        Mean of dep. var. = 5.10813      LM het. test = .549169E-02 [.941]
   Std. dev. of dep. var. = .982084     Durbin-Watson = 1.86619 [<.484]
 Sum of squared residuals = 266.282  Jarque-Bera test = 15.3691 [.000]
    Variance of residuals = .423342   Ramsey's RESET2 = .462137 [.497]
 Std. error of regression = .650648   F (zero slopes) = 28.2148 [.000]
                R-squared = .581687    Schwarz B.I.C. = 741.329
       Adjusted R-squared = .561071    Log likelihood = -637.429

            Estimated    Standard
 Variable  Coefficient     Error       t-statistic       P-value
 LPRICE2   .148956       .055444       2.68661       **  [.007]
 LPRICE3   .340788       .096050       3.54803       **  [.000]
 LPRICE4   .148196       .120252       1.23239           [.218]
 LPRICE5   .158318       .082529       1.91832           [.056]
 LSUPPLY2  .146693       .065092       2.25363       *   [.025]
 LSUPPLY3  .072801       .052214       1.39427           [.164]
 LSUPPLY4  .031063       .045460       .683313           [.495]
 LSUPPLY5  .098564       .030863       3.19364       **  [.001]
 C         2.20737       .451651       4.88734       **  [.000]
 LSUPPLY1  -.159194      .069635       -2.28614      *   [.023]
 LTNS      -.118440      .045526       -2.60157      **  [.009]
 FOWNER1   -.024875      .025941       -.958922          [.338]
 FOWNER2   .019103       .028180       .677873           [.498]
 FOWNER3   -.028725      .025980       -1.10564          [.269]
 FOWNER4   -.055220      .030555       -1.80723          [.071]
 FOWNER5   -.388223E-02  .036062       -.107654          [.914]
 FDUMMY1   -.070957      .036515       -1.94322          [.052]
 FDUMMY2   -.095165      .026510       -3.58979      **  [.000]
 FDUMMY3   -.012504      .025532       -.489732          [.624]
 FDUMMY4   -.040226      .026371       -1.52536          [.128]
 FDUMMY5   .019660       .026304       .747385           [.455]
 FDUMMY6   -.036912      .030664       -1.20378          [.229]
 FDUMMY7   -.024000      .028401       -.845050          [.398]
 FDUMMY8   .011268       .025457       .442619           [.658]
 FDUMMY9   -.032236      .025440       -1.26711          [.206]
 FDUMMY10  -.016060      .025236       -.636387          [.525]
 FDUMMY11  -.010175      .027400       -.371342          [.711]
 FDUMMY12  -.040538      .025695       -1.57767          [.115]
 FSTAT1    .033278       .034673       .959775           [.338]
 FSTAT2    .044112       .057922       .761575           [.447]
 FSTAT3    .016134       .023554       .684983           [.494]
 FSTAT4    .078590       .028071       2.79972       **  [.005]


 F(24,629)  Test Statistic: 3.792158, Upper tail area: .00000