Australian universities have in recent times been undergoing a substantial transformation in the way in which they are managed. They have moved away from the (British-based) traditional collegiate model to one in which professional managers play a centre-stage role. This paper investigates an...

The paper demonstrates a technique for testing for the approximate “timing†of significant changes in relative risk. This technique is useful in cases where we are interested to see whether the timing of such a change is related to certain events in history. It is applied here to...

We explain the probability of a trade at the asking price across time. The database contains intraday bidâ€ask quotes and transaction prices on the Australian Stock Exchange. We find systematic patterns in the probability of a trade at the asking price, corresponding to previously documented...

This paper examines whether the benefits to the Australian investor from international diversification documented by previous Australian studies are still present when we control for estimation risk. The perfor Mance of the Bayes-Stein international portfolio which controls directly for such...

The growth in building societies in Australia over the 1970s mirrors the relative decline in the savings banks. The growth in deposits with building societies is shown to be due mainly to increased total wealth, rather than changes in interest rates. The responsiveness of holdings of four...

This paper introduces the logistic model for the analysis of holdings of a new financial asset. The evolution of holdings of saving investment accounts in Australia is shown to follow extremely closely Oliver's (1969) generalized logistic process and that these holdings are reaching a saturation...

This paper uses recent data to measure the role of income and relative prices in determining the demand for four types of energy used in transport in Western Australia. The method relies on the construction of Divisia-type indices of the volume and price of energy. The short-term own-price...