We examine various determinants of property and violent crimes by using police force area level (PFA) data on England and Wales over the period 1992-2008. Our list of potential determinants includes two law enforcement variables namely crime-specific detection rate and prison population, and...

type="main" <p>This article analyzes the time series and cross-sectional patterns of bidding wars for houses. Bidding wars were once rare, a fairly constant 3–4% of transactions. This led to treating list price as a ceiling in empirical and theoretical research on housing. The bidding war share...</p>

This paper presents a life-cycle model of housing demand with uncertain house prices and lumpy transaction costs. The paper extends the (S,s) methodology to a non-stationary discrete time framework with multivariate stochastic price processes. This allows the characterization of a self-hedging...

On the basis of introducing the theory of Target Zones and Exchange Rate, this paper tests for the significant to reform Chinese currency Renmingbi (RMB) exchange regime, and the possibility to build a target zone. It is pointed out that, under the tendency of economic globalization and entered...