The hypothesis that demand curves for individual stocks slope downwards is typically investigated by empirical analysis of stock price movements following events that cause shifts in demand or supply. However, it is difficult to attribute observed price movements between downward sloping demand...

Recent historical research indicates that ritualistic dueling had a rational basis. Basically, under certain social and economic conditions, individuals must fight in order to maintain their personal credit and social standing. A model of the duel, therefore, can be constructed. We model the...

This paper examines the relationship between "school quality" and earnings in the United Kingdom. The specific focus is on evaluating the effect that private schooling has on hourly wage rates. It is well known that private (i.e. fee-paying) schools compared to state schools score higher on most...

Outlines a method for controlling for compositional factors in the measurement of poverty. Bases the method on “shift‐share analysis” and “direct standardization”, consistent with Sen’s (1976) influential axiomatic approach to poverty measurement. Employs the popular poverty index...

Decisions on provision of international short term aid are often undertaken on an emotional, public relations driven basis. Such decisions may result in an inefficient and ineffective allocation of resources in terms of helping the most people at the lowest total cost. Using ideas from the...