F OR ESTER S ROUTINELY ESTIM ATE THE economic potential of a standing forest resource as lumber. It is usual to consider the straightness and size of a tree to estimate gross recovery and the range of lumber products that might be produced. However, such estimates are usually subjective and depend on the knowledge and experience of the assessor. Several conversion modeling packages are availab...

Cascade impactor samples were collected a t coastal sites on Sal Island, Barbados, and Virginia Key, Miami during 1974 and a t two Miami coastal sites on Virginia Key and Key Biscayne during 1981. In all of the samples, the majority of t h e ni t rate mass was found on intermediate size particles and exhibited a mass median diameter (MMD) of about 4 pm. The ratio of t h e MMD of ni t rate t o t...

Acknowledgments We gratefully acknowledge the comments of Sudipta Basu, Christian Leuz and Jerry Zimmerman, the referee, and workshop participants at the Universities of Amsterdam and Chicago. We are grateful for financial support from the University of Chicago, Graduate School of Business. Abstract We provide a simple test of " costly contracting " and " value relevance theories " of accountin...