This paper considers a class of Heath-Jarrow-Morton (1992) term structure models, characterized by time deterministic volatilities for the instantaneous forward rate. The bias that arises from using observed futures yields as a proxy for the unobserved instantaneous forward rate is analyzed. The...

Productivity at Australian container terminals has improved significantly in absolute terms since 1997 according to this international benchmarking study. For the sample of ship calls and terminals studied, productivity improved also in relative terms. The productivity improvement at Australian...

Single-Desk Marketing: Assessing the Economic Arguments identifies the potential benefits and costs and the strengths and weakness of various arguments in favour of current single-desk arrangements. It does not attempt to quantify the costs and benefits of arrangements in any particular industry.

This study is part of a continuing program of research into the performance of economic infrastructure industries, which was commenced by the Bureau of Industry Economics. It is the third Waterfront Benchmarking report in the cycle. The study builds on the two previous waterfront studies by...

The point of departure in this paper is the diagnosis of Hoehn and Szymanski (1999) that the interlocking system of European football creates an unbalanced system. To secure competitive balance at both the European and the national level, they recommend to reform European football into a closed...