We model the demand-pressure effect on prices when options cannot be perfectly hedged. The model shows that demand … option. Similarly, the demand pressure increases the price of any other option by an amount proportional to the covariance of … show that demand-pressure effects contribute to well-known option-pricing puzzles. Indeed, time-series tests show that …

important international football matches. We examine goal-scoring from 1960 onwards in full 'A' international matches of six …

This paper analyzes the effects of top earnings tax rates on the international migration of top football players in … Europe. We construct a panel data set of top earnings tax rates, football player careers, and club performances in the first … tax and institutional changes: (a) the 1995 Bosman ruling which liberalized the European football market, (b) top tax rate …

The paper describes the insights which trade theory can provide into economic developments in Ireland during the 1930s … from tariffs to the so-called 'economic war' between Ireland and Britain (1932-8). The outcome tentatively supports the … claim that Ireland 'did not lose' this war. …

board experiences, namely that of Ireland. We review the institutional arrangements which underpinned the Irish pound for a …

The contrasting tariff regimes of Northern and Southern Ireland after 1932 must have influenced industrial structure …

In this paper we evaluate quantitatively the impact of mass emigration from Ireland between the 1850s and the first …, real wage growth in Ireland was respectable by international standards. We find econometric evidence of an inverse …