This paper proposes a measure of uncertainty-aversion analogous to the Arrow-Pratt Measure of risk aversion. We apply it to multiple priors and non additive probability models of uncertaity. In these models there is non distinction between uncertainty and aversion to it. Hence our theory can...

This paper examines how United States' multinational enterprises (MNEs) spread their foreign activities among concurrent destinations. An econometric estimation of the share gravity model is presented to show that, unlike previous applications of the gravity model to the study of foreign direct...

An 'option-pricing' model is employed to analyse when a firm should expand its production capabilities abroad. In a framework where the firm's profit are determined by some average of the attractiveness of the home and foreign countries, and attractiveness in each country follow differentiated...

In this paper we examine educational data whch has a cross-classified structure. A cross-classified value-added multilevel model is proposed for these data and the problem of estimation are discussed in relation to the probllem of an endogenous regressor.

The preliminaries in the paper contrast the advantages and disadvantages of using arbitrary scores for ordinal responses in linear models compared to generalised linear models for ordered catagory responses. The context of multilevel and random effects models is a particular focus. Simulation...