In recent years, workers' rights advocates have turned to a novel tactic in the fight against employer exploitation: pushing for the criminalization of wage theft. In a growing number of jurisdictions, advocates have persuaded lawmakers to pass laws imposing criminal sanctions — hefty fines...

Real estate portfolio diversification takes many forms, most of which can be associated with size (value). Larger portfolios are assumed to have greater diversification potential than small portfolios. In addition, since greater diversification is generally associated with lower risk it is...

Data depth provides a natural means to rank multivariate vectors with respect to an underlying multivariate distribution. Most existing depth functions emphasize a centre-outward ordering of data points, which may not provide a useful geometric representation of certain distributional features,...

Consider a linear regression model subject to an error distribution which is symmetric about 0 and varies regularly at 0 with exponent ζ. We propose two estimators of ζ, which characterizes the central shape of the error distribution. Both methods are motivated by the well-known Hill...

Special Edition Sheep and Cattle Production in New South Wales

It is well known that institutional investors are noticeably overweight in the City of London office market and substantially underweight in offices in the rest of the UK. An economically sensible way to measure this bias is to calculate the additional required return on offices outside the City...

This paper uses the concepts of beta-convergence and sigma-convergence and to evaluate empirically the hypothesis of rent and yield convergence in seven European office markets during the period 1984-2009. Because of the introduction of a single currency in January 1999, the analysis is carried...

"This paper re-examines whether it is more advantageous in terms of risk reduction to diversify by sector or region by comparing the performance of the """"conventional"""" regional classification of the UK with one based on modern socio-economic criteria using a much larger real estate data set...