In this paper, we explore the determinants of demand for attendance at Major League Baseball (MLB) games for 23 individual MLB teams during the period 1970 to 2003. Our central focus is to explore team-specific price elasticities of demand for attendance. We use Error Correction Models (ECM

This paper is intended to make the results of Bank research available in preliminary form to other economists to encourage discussion and suggestions for revision. The views expressed are solely those of the author. No responsibility for them should be attributed to the Bank of Canada. Acknowledgments I would like to thank Walter Engert, Dave Longworth, Jack Selody and the seminar participants at the Bank of Canada for their many helpful discussions and suggestions. Of course, any errors are my own.

Short- and long-run Hicksirtn and Marshallian elasticities arc estimated, along with Morishima elasticities of substitution, using a restricted profit function and a series of decomposition equations. Convexity in prices and concavity in quasi-fixed factors of the restricted profit function

matrix polynomials via local rank factorization”

We examine the long-run demand for money of Hong Kong using the autoregressive dis-tributed lag (ARDL) cointegration procedure on quarterly data over the period 1985Q1-1999Q4. Estimation results suggest that HK$M2 is cointegrated with its determi-nants. In addition, the CUSUM and CUSUMSQ tests

data reported in the paper. The first author thanks the Kilts Center for Marketing at the University of Chicago for research support. Does Promotion Depth Affect Long-Run Demand? We use the results of three large-scale field experiments to investigate how the depth of a current price promotion

Is a tax increase always detrimental for capital formation? This paper estimates a long-run demand for capital in Chile, and studies the responsiveness of firms ’ desired capital stock to variations in tax rates. We combine the neoclassical model with a cointegration argument to obtain a long-run

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Notes: Center Discussion Papers are preliminary materials circulated to stimulate discussions and critical comments. This paper can be downloaded without charge from the Social Science Research Network electronic library at:

www.elsevier.com/locate/econbase Could higher taxes increase the long-run demand for capital? Theory and evidence for Chile