The fixed-price-offer (FPO) mechanism in <italic>Trade Me</italic> auctions allows sellers to make a take-it-or-leave-it offer at the conclusion of an unsuccessful auction. Weinvestigate the effects of the FPO option on strategies and outcomes in independent-value auctions. The FPO option induces some bidders...

This paper makes two important contributions to the literature on prediction intervals for firm specific inefficiency estimates in cross sectional SFA models. Firstly, the existing intervals in the literature do not correspond to the minimum width intervals and in this paper we discuss how to...

Hosting large events has long been associated with the physical regeneration of cities. To supplement these 'hard' impacts, cities are now attempting to use events to stimulate 'softer' social and economic regeneration. This paper evaluates the impacts of the Legacy Programme adopted in...

The concept of legacy has emerged in the twenty-first century as a dominant narrative within mega-event projects. Accordingly, event hosts now engage in detailed legacy planning. This often means creating new agencies and new plans; something that has important implications for wider urban...

Little evidence is found of a stable structural relationship between aggregate inflation and relative price variability in the Un ited Kingdom. The main contributors to relative price variability are prices of goods that are sensitive to policy changes such as alcohol and tobacco, rates, and...

Purpose – The purpose of this paper is to chart the process of culture change within Durham National Savings, both before and after the public-private partnership (PPP) of the organisation, and to examine dissent – in its many forms – as a dimension of employee resistance....

The public sector has been importing private sector methods and practices aimed at generating efficiencies and cost savings. However, the consequences of these changes on the working lives of civil servants are under-researched. This article uses detailed fieldwork to investigate the impact of...

Models of behavior in a variety of areas often assume that decision-makers will adhere to the axioms of economic rationality. This requires that outcomes can be assigned objective values by stable evaluation frameworks. Yet both human and animal behavior is often not economically rational....