How would you respond to a group of high school students when asked “What do economists know?â€. Alan Budd’s answers will be familiar to readers of World Economics but bear repeating. Economics, unlike, say, Physics, tends to attract beliefs and opinions by non-specialists held...

In this paper I compare the 1991 Budget with two earlier Budgets, namely those of 1971 and 1981. It may seem rather arbitrary to choose ten-year intervals; however, there are similarities in terms of the conditions in which the Budgets were presented. (There is also the coincidence that the...

A multiobjective evaluation method (linear additive weighting) is used to assess the performance of stations comprising the suburban railway network of Brisbane, Australia. A multidimensional view of station performance is taken which includes such criteria as catchment population, proximity of...

The earnings gap between male and female employees is substantial and persistent. Using new data for Britain, this paper shows that an important contribution to this gap is made by the workplace in which the employee works. Evidence for workplace and occupational segregation as partial...

We explore the relationship between reported job satisfaction and own wage, relative wage and average comparison group wage; allowing for asymmetry in these responses across genders. We find that the choice of relevant comparison group is affected by gender in Britain; men display behaviour...

The overallotment or greenshoe option has become very popular in the German IPO market since its introduction in 1995 and is nowadays an important tool to stabilize IPOs or to issue additional shares in the case of excess demand. Besides providing evidence for the prevalence of price support...