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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005076623
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005125975
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005125976
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The Productivity Commission's gambling inquiry: 3 years on
Banks, Gary - EconWPA - 2003
In a presentation in November 2002 to the Annual Conference of the National Association for Gambling Studies in … Melbourne, Productivity Commission Chairman Gary Banks provided an update on key developments in Australia’s gambling industries … gambling, it remains unclear whether problem gambling and its impacts have moderated. There is a need for more research on the …
Persistent link: https://www.econbiz.de/10005062466
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Business Profitability and Social Profitability: Evaluating Industries with Externalities, The Case Casinos.
Grinols, Earl L.; Mustard, David B. - EconWPA - 2005
Casino gambling is a social issue, because in addition to the direct benefits to those who own and use casinos … externalities generated by casinos. Lastly, it corrects many prevalent errors in the debate over the economics of casino gambling. …
Persistent link: https://www.econbiz.de/10005561010
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Efficiency of the Foreign Exchange Market of Papua New Guinea During the Recent Float
Wickremasinghe, Guneratne Banda - EconWPA - 2004
This paper examines the validity of the efficient market hypothesis (EMH) for the foreign exchange market of Papua New Guinea (PNG) using data on spot exchange rates for four major foreign currencies during the recent float. The unit root test results indicate that all the four exchange rates...
Persistent link: https://www.econbiz.de/10005408043
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EFFICIENCY OF FOREIGN EXCHANGE MARKETS: A DEVELOPING COUNTRY PERSPECTIVE
Wickremasinghe, Guneratne Banda - EconWPA - 2004
This study tests weak and semi-strong form efficiency of the foreign exchange market in Sri Lanka using six bilateral foreign exchange rates during the recent float. Weak-form efficiency is examined using unit root tests while semi-strong form efficiency is tested using co- integration and...
Persistent link: https://www.econbiz.de/10005556627
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Does Investor Misvaluation Drive the Takeover Market?
DONG, MING; Hirshleifer, David; RICHARSON, SCOTT; Teoh, … - EconWPA - 2004
This paper tests the hypothesis that irrational market misvaluation affects firms' takeover behavior. We employ two contemporaneous proxies for market misvaluation, pre-takeover book/price ratios and pre-takeover ratios of residual income model value to price. Misvaluation of bidders and targets...
Persistent link: https://www.econbiz.de/10005076960
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A Study of Neo-Austrian Economics using an Artificial Stock Market
Benink, Harald A.; Gordillo, Jose Luis; Pardo, Juan Pablo; … - EconWPA - 2004
An agent-based artificial financial market (AFM) is used to study market efficiency and learning in the context of the Neo-Austrian economic paradigm. Efficiency is defined in terms of the 'excess' profits associated with different trading strategies, where excess for an active trading strategy...
Persistent link: https://www.econbiz.de/10005077021
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New types of non-trade related participation in commodity futures markets
Rutten, Lamon - EconWPA - 2003
This paper explores the growing involvement of new types of non- commodity-sector-related players in commodity futures markets. This includes a discussion on the role of managed funds, the impact of the use of commodity warrants, and the direct involvement of banks. The impact of this new form...
Persistent link: https://www.econbiz.de/10005077040