This paper looks at household welfare distribution among two-income couples from three social strata in Izmir, Turkey. A simple explicit two-stage dynamic game theory model is developed to determine if an egalitarian intra-household distribution under certain circumstances is consistent even...

We study the effects of option expirations on the prices of the underlying stocks days before expiration. We collected daily stock prices from Daily Stock Price Records published by the Standard & Poor's Corporation and the Wall Street Journal. The data covered the time period from January 1979...

This study examines capital accumulation and growth among subcontracting small-scale textile firms. We find that, in spite of the higher average profitability of non-subcontracting production relative to subcontracting, the average annual rate of capacity expansion between the two groups is not...

Women earn less than men in general, and a woman's power within a household is presumably related to her income level. Our empirical results, based on the survey conducted on two income households from Izmir, Turkey, indicate that the division of surplus income is more or less egalitarian in...

A neural network model that processes input data consisting of financial ratios is developed to predict financial institution failure. The network's ability to discriminate between healthy and failed institutions is compared to a traditional statistical logit model. We find that the neural...

Many individual investors and analysts rely primarily on published financial data of individual firms to evaluate their performance over a given time period. Changes in federal tax policy can have a significant differential impact on reported firm performance. Understanding how these changes...

Much of economic theory still considers the household as a homogeneous and harmonious unit where the spouses have equal power. A well-known empirical fact is that women, in general, earn less than men. Several studies suggest that a woman's power within household is related to her income....

In this paper we discuss the extent to which countries in the former Silk Road regions are either reaching or failing to reach their trading potential with China. We estimate a gravity model of trade using a Poisson pseudo‐maximum likelihood estimator, and estimate trade potential using...