The institutional framework for the funding of higher education in the UK is discussed. In England, much of the financial support for teaching and learning, especially of ‘home and EU’ undergraduates, is channelled through the Higher Education Funding Council for England (HEFCE)....

Trading volume and the number of trades are both used as proxies for market activity, with disagreement as to which is the better proxy for market activity. This paper investigates this issue using high frequency data for Cisco and Intel in 1997. A number of econometric methods are used,...

This paper investigates the transition from high school to first job using data from the National Education Longitudinal Study 1988-2000. A proportional hazards model is estimated to identify the determinants of time-to-first-job. In contrast to earlier studies, there is strong evidence of...

Nonlinear models of deviations from PPP have recently provided an important, theoretically well motivated, contribution to the PPP puzzle. Most of these studies use temporally aggregated data to empirically estimate the nonlinear models. As noted by Taylor (2001), if the true DGP is nonlinear,...

This paper analyses the political economy of trade protection in the context of the factors determining the US Emergency Safeguard Measures for steel imposed March 2002. The paper identifies several factors in addition to the official justification stated problems of global over-capacity and the...

We present a theoretical model to show that through the adoption of simple regulatory rules, the threat of regulation as well as regulation itself impacts upon a firm s pricing strategy. The model is relevant to general antitrust policy, as well as the regulation of individual utility...