This paper is an attempt to assess the implications, for the theory of markets and the firm, of a body of information culled from the first forty six Reports published by the United Kingdom Proce Commission since its reconstitution in August 1977.

It has been argued that the Bretton Woods system (of pegged but adjustable exchange rates) set up after World War II was designed specifically to prevent the manipulation of exchange rates in pursuit of national macroeconomic objectives (see R. Cooper) ; so it is perhaps no coincidence that the...

This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; the third-worst is the death of a parent. The paper explores how happiness regression equations might be...

This paper considers the problems of "hollowing out" using a Case Study of Japan's machinery sector. In doing so, it explores the roots of the present crisis by focusing upon the role played by Japan's large transnational corporations. This is important because these corporations are the...

This paper considers the use of the Kalam filter to perform the seasonal adjustment and to calculate the variance of the signal extraction error in model-based seasonal adjustment procedures. The steady-state filter covariance is seen to provide a convenient basis for obtaining the variances not...

The proposition that under a floating exchange rate regime restrictive monetary policy can lead to substantial "overshooting" of the nominal and real exchange rate is now accepted fairly widely. The fundamental reason is the presence of nominal stickiness or inerta in domestic factor and product...

We demonstrate that if any realization of a strategy for a Bayesiangame is, with high probability, an approximate Nash equilibrium of the induced game of complete information, then there is purification of that strategy that is an approximate equilibrium of the original Bayesian game. We also...

An asymmetrical choice approach is followed to analyse the link between corporate control, social choice and capital accummulation ; based on the explicit recognition of the existence of different classes in modern capitalist economies. It is argued that all existing attempts to explore the...

This paper examines the cooperative bargaining approach to intrahousehold distribution. The 2-person symmetric Nash model is extended to a generalized model for several household members. Also a model employing a generalized utilitarian solution is proposed and the intrahousehold models...