Classroom experiments and exercises served as a one-day introduction to economics for students who felt insecure about taking first year business classes. The first experiment addresses demand in isolation, while the second addresses supply. A third integrates supply, demand and equilibrium in a...

We evaluate the accuracy of power indices by experimentally measuring the political power embodied in blocks of votes per se. The experiment incorporates several subjects interacting in online chat rooms under supervision. Chat rooms and processes for selecting subjects reduce or eliminate...

We investigate the support for extreme right across societies of different levels of openness in Europe. Societal openness is defined as a greater tendency to accept universal vis-à-vis traditional values, and is expected to catalyze and filter the socioeconomic factors that affect the vote...

We study the rural-urban divide in educational attainment in a cross-country setting. In order to do this, we present a newly constructed cross-country data set measuring average educational attainment in rural and urban regions of 56 countries. This data set is used to study the sources of...

Classroom experiments and exercises served as a one-day introduction to economics for students who felt insecure about taking first year business classes. The first experiment addresses demand in isolation while the second addresses supply. Supply, demand and equilibrium are integrated in a pit...

In this article we investigate and test for structural change in conditional volatility and micro structure effects in the Australian Share Price Index futures contract. The modelling is conducted around the periods following the introduction of an automated screen-based trading system and...

This paper examines the stock price and volume effects surrounding the announcement of constituent changes to the S&P/ASX 200 and four supplementary indices. Between April 2000 and December 2002 additions to (deletions from) the ASX 200 were associated with a significant price rise (fall) over...

In an earlier paper we adopted a Bi-variate BEKK-GARCH framework and employed a systematic approach to examine structural breaks in the Hang Seng Index and Index Futures market volatility. Switching dummy variables were included and tested in the variance equations to check for any structural...

This paper considers 15 minute records of trading volume and traded prices coinciding with the reporting intervals required by the Commodity Futures Trading Commission. Records are extracted from trade records for market trade and also two way trade between market makers (CT1) and the general...

This paper investigates the relationship between the use of financial derivatives and firm value in the Australian setting. Contrary to expectations, we find that the use of derivatives in general, and the use of interest rate derivatives in particular, are negatively related to firm value (as...