Evidence in financial markets of an opportunity for pure arbitrage, and therefore a violation of the law of one price, is considered an anomaly to be noted. This paper reports an apparent violation of the law of one price between UK government gilts and their separately traded principal and...

Doubts have been raised about the benefits to an economy with high rates of GDP growth without at the same time accounting for distributional effects. This difference arises from the emphasis by some on the mean income, while others are concerned with the distribution around the mean. This paper...

Recent trends towards financial liberalisation have brought in their wake pressures for developing uniform rules of property rights, based on the idea of shareholder supremacy which informs company law in the USA and the UK, to protect investors against agency problems. Agency problems arise...