We estimate a variety of models to evaluate costs in US higher education institutions. A novel feature of our approach involves the estimation of latent class and random parameter stochastic frontier models of the multiproduct cost function. This allows us fully to accommodate both the...

We extend the analysis of price caps in oligopoly markets to allow for sunk entry costs and endogenous entry. In the case of deterministic demand and constant marginal cost, reducing a price cap yields increased total output, consumer welfare, and total welfare; results consistent with those for...

High unemployment continues to bedevil Poland, although the national picture masks striking spatial differences that this paper seeks to explain using a panel data set for the country's NUTS 4 level powiats. Given the economy's somewhat peculiar configuration throughout its communist epoch,...

The Alumni Association of the Lancaster University Management School organised a mini symposium on globalisation, in New Delhi on January 17th 2004. The symposium was based on a collection of essays titled " Making Globalisation Good" edited by John Dunning (Oxford University Press, 2003:...

In this paper we propose a globally stationary augmentation of the Exponential Smooth Transition Autoregressive (ESTAR) model that allows for multiple fixed points in the transition function. An F-type test statistic for the null of nonstationarity against such globally stationary nonlinear...

The growth in female labour participation and occupational attainment represents the most dramatic feature of labour markets in the second half of the twentieth century. This has been due in part to developments in social attitudes and the consequent changes in the prices attached to women's...

This paper investigates the determinants of job satisfaction using data from the National Educational Longitudinal Study. The determinants of interest include actual pay, relative pay, hours of work, job autonomy and several personal characteristics. We also investigate the determinants of...

Several recent studies advocate the use of nonparametric estimators of daily price vari- ability that exploit intraday information. This paper compares four such estimators, realised volatility, realised range, realised power variation and realised bipower variation, by examining their in-sample...

In recent years, Poland witnessed a dramatic decline in its unemployment rate and, from having had one of the worst jobless records in the EU-27, the country now posts a figure below the Union average. However, this remarkable turnaround has apparently been driven by amendments to the country's...