1 Erratum to: J Bus Econ DOI 10.1007/s11573-016-0820-x

In the original publication of the article, Eq. (4) was incorrectly published. The operation + was inadvertently published as − in the original version. The correct equation is given below:

$$ \begin{aligned} AIC &= - 2LL + 2{n_p}\\BIC &= - 2LL + ln(I){n_p} \end{aligned} $$