 &CARD1
 NOBS    =        1000,
 NC      =           1,
 NF      =        1000,
 NFP     =        1000,
 NOBEL   =           1,
 NM      =           0,
 NSTEP   =         500,
 EPSI    =  1.000000000000000E-007,
 WGHT    =   1.00000000000000     
 /
 &CARD2
 NB      =           3,
 NRO     =           0,
 NSL     =           0,
 NGF     =           1,
 MAXF    =           3,
 NGV     =           0,
 MAXV    =           0,
 NLY     =           0,
 NDM     =          -1,
 NLE     =           0,
 ND      =           0
 /
 &CARD3
 NCOR    =           0,
 NRES    =           0,
 NPW     =           0,
 NGUVW   =           0,
 NPDQL   =           0,
 NCOV    =           0,
 NEY     =           0,
 VARNAME = LOG      ,
 NVARIANT        =           7
 /



Working space used : 18155 out of 500000


 group           1 (fixed lambda(x))
 fixed value:  0.000000000000000E+000
 variable no.
   1   2   3


 lambda(y) fixed value:  0.000000000000000E+000
 upper limit for y   0.000000000000000E+000



no.  variable       minimum        mean         maximum    null obs.

     Tij          0.58995D+04   0.25740D+08   0.34194D+09        0
  1  Ti           0.15809D+05   0.18607D+06   0.35135D+06        0
  2  Tj           0.69620D+04   0.18512D+06   0.43378D+06        0
  3  Util_BC4     0.38681D-07   0.73462D-03   0.13996D-01        0
  4  constant     0.10000D+01   0.10000D+01   0.10000D+01        0


INITIAL ESTIMATES
                                                                                       E L A S T I C I T Y   E L A S T I C I T Y
    VARIABLE     LAMBDA(X)    COEFFICIENT      MEAN(X)       STD-ERROR    STUDENT-T    y(sample)  E(y)       y(sample)  E(y)
                                                                                                  SIGMA(y)              SIGMA(y)
                                                                                                  GAMMA(y)              GAMMA(y)
                type  group                                                            -first obs       1    -first obs    1000
                                                                                       -last obs     1000    -last obs     1000
  1 Ti           FL     1    0.5325132D+00  0.1860662D+06  0.6611671D-01     8.0541      0.5325     0.5325     0.5325     0.5325
                                                                                                    0.5325                0.5325
                                                                                                    0.0000                0.0000
  2 Tj           FL     1    0.6510872D+00  0.1851223D+06  0.5918619D-01    11.0007      0.6511     0.6511     0.6511     0.6511
                                                                                                    0.6511                0.6511
                                                                                                    0.0000                0.0000
  3 Util_BC4     FL     1    0.5837007D+00  0.7346229D-03  0.1619376D-01    36.0448      0.5837     0.5837     0.5837     0.5837
                                                                                                    0.5837                0.5837
                                                                                                    0.0000                0.0000
  4 constant     NL     0    0.7114731D+01  0.1000000D+01  0.1067146D+01     6.6671      7.1147     7.1147     7.1147     7.1147
                                                                                                    7.1147                7.1147
                                                                                                    0.0000                0.0000

LAMBDA TYPE SYMBOL:
 NL = NO LAMBDA
 FL = FIXED LAMBDA
 EL = ESTIMATED LAMBDA



Derivatives of y(sample), E(y), SIGMA(y) and GAMMA(y)
with respect to the Independent Variables at the sample means

    Variable    Der.y(sample)  Der.E(y)       Der.SIGMA(y)   Der.GAMMA(y)

  1 Ti          0.7366572D+02  0.1687552D+03  0.2682136D+03 -0.2985774D-19

  2 Tj          0.9052803D+02  0.2073837D+03  0.3296085D+03 -0.2985774D-19

  3 Util_BC4    0.2045165D+11  0.4685112D+11  0.7446356D+11 -0.2671626D-11

  4 constant    0.1831307D+09  0.4195201D+09  0.6667708D+09 -0.6261623D-13

MRS between two moments (E(y), SIGMA(y), GAMMA(y))
at the sample means
===============================================

row / col    E(y)        SIGMA(y)    GAMMA(y)  
===============================================

E(y)         0.1000D+01  0.6292D+00 -0.6700D+22

SIGMA(y)     0.1589D+01  0.1000D+01 -0.1065D+23

GAMMA(y)    -0.1493D-21 -0.9391D-22  0.1000D+01


Elasticity of substitution between two moments
(E(y), SIGMA(y), GAMMA(y)) at the sample means
===============================================

row / col    E(y)        SIGMA(y)    GAMMA(y)  
===============================================

E(y)         0.1000D+01  0.1000D+01 -0.9441D+15

SIGMA(y)     0.1000D+01  0.1000D+01 -0.9441D+15

GAMMA(y)    -0.1059D-14 -0.1059D-14  0.1000D+01


MRS of X(l) with respect to X(k) at the sample means
===================================================================================================================================
        X(k) Ti          Tj          Util_BC4    constant  
X(l)
===================================================================================================================================

Ti           0.1000D+01  0.1229D+01  0.2776D+09  0.2486D+07

Tj           0.8137D+00  0.1000D+01  0.2259D+09  0.2023D+07

Util_BC4     0.3602D-08  0.4426D-08  0.1000D+01  0.8954D-02

constant     0.4023D-06  0.4943D-06  0.1117D+03  0.1000D+01


Mean probability of y to be at the lower (upper) limit
if lambda(y) is positive (negative) = 0.0000

Estimation Sample   :       1    1000

             OBSERVED Y     FITTED E(Y)
MEAN         0.2573965D+08  0.3379181D+08
STD.ERROR    0.3864076D+08  0.4620092D+08
SKEWNESS         3.4428570      3.0896897

E(y) at the means   :  0.5896499D+08

Sig(y) at the means :  0.9371693D+08

C.o.V. at the means :      1.5893656

Gam(y) at the means :      8.3090559

Pearson-R2          :      0.2434916

Pearson-R2 bar      :      0.2412129

Pseudo-(l)-R2       :      0.5779939

Pseudo-(l)-R2 bar   :      0.5767228

Error Variance      :  0.1263045D+01

Log-likelihood      : -0.1748628D+05
