In this paper we study welfare-optimal two-part tariffs in a model of discrete choice. The determinants of the sign and magnitude of the fixed and variable tax are analysed in terms of the nature and degree of consumer heterogeneity, the price sensitivities of participation probabilities and...

Some years ago, Crack and Ledoit (1996) discovered a strikingly geometric structure when plotting US stock returns against themselves. Since this pattern, in which lines radiating from the origin pop up, resembles the navigating tool it was named “Compass Rose”. Although authors differ in...

This paper focuses on the analysis of two types of identity construction in a corpus of professional speeches, namely institutional identity of the company and professional identity of the speaker. Since the corpus under study is rather large, three interesting speeches are selected on the basis...

In the recent economic literature the independence of the central bank is often considered to be one of the most effective guarantees to archieve price stability. A strong theoretical basis of this proposition is that the monetary policy delegation given to an independent central bank is an...

A large number of European countries still cope with historically high unemployment rates. One line of research that has been followed to explain European unemployment and the differences among European countries is the impact labour market institutions. One important channel through which...

Despite the many contingency studies that investigated how perceived environmental uncertainty (PEU) and strategy relate to the level of planning sophistication, this relationship remains unclear. To gain a better insight into this relationship in SMEs, we investigate the interactive effect of...

In this article we present the preliminary results of empirical research on the reliability of grammar testing. The following testing techniques are examined: multiple choice, translation, gap-filling and, finally, performance. In particular, for the purposes of this paper we set up four...