This article looks at the effects of office mechanisation in greater detail by describing data processing innovations in major building societies during the dawn of the computer era. Reference to similar developments in clearing banks, industrial and computer organisations provides evidence as...

We observe that the set of all priors of an agent is the convex hull of his types. A prior common to all agents exists, if the sets of the agents' priors have a point in common. We give a necessary and sufficient condition for the non-emptiness of the intersection of several closed convex...

The objective of this paper is to measure the price impacts of the major regulatory interventions in the England & Wales wholesale electricity market from 1 April 1990 to 31 March 2002. More particularly, to establish whether falling prices during 1999–2002 were caused by the regulator...

The objectives of this paper are to assess the progress made towards a single European wholesale electricity market by the end of 2001, and identify remaining sources of economic inefficiency. Statistical analysis of day-ahead prices, in fifteen European locations, show Nord Pool (Scandinavia),...

This paper provides a recent account of the distribution of manufacturing activity across cities in the U.S. After years of nationwide decline in manufacturing employment, and migration of manufacturing plants to suburbs and rural areas, the following pattern emerges for overall manufacturing as...

Financing urban development in India has primarily been a domestic affair. However we have looked to external sources for financing and it has financed 10-12% of domestic investment. The assistance we have been receiving From foreign bodies has been steadily increasing over the years. In the...

Despite the expectations of economists that the euro changeover would have no effect on prices, we show that European consumers perceive the contrary. The data indicate that consumers based their perceptions about inflation on goods that are cheaper and more frequently purchased. We use this...

The three most important Chinese holidays, Chinese New Year, the Dragon- boat Festival, and Mid-Autumn Holiday have dates determined by a lunar calendar and move between two solar months. Consumption, production, and other economic behavior in countries with large Chinese population including...

Investment behaviour is influenced by a number of variables. A change in macro-econometric parameters can affect investment behaviour in a number of ways. The purpose of this study is to report the theory and estimation of an investment model for the South African economy. The model estimated in...

The Asian financial crisis broke out in Thailand in July 1997, and rapidly spread throughout the neighboring countries. An important question then arises? Is it possible to predict next financial crisis? If yes, then what are the predictors? The answer lies in combined usage of economic theory...