The current paper predicts the medal tally for the London 2012 Olympic Games. The forecast procedure consists of analyzing participation and success at the country level of the three most recent editions of the Olympic Summer Games. Potential explanatory variables for medal winnings are income...

There exist many inventory control studies that consider either continuous review & continuous ordering, or periodic review & periodic ordering. Mixtures of the two are hardly ever studied. However, the model with periodic review and continuous ordering is highly relevant in practice, as...

This paper studies the impact of national fiscal rules on government size as measured by the ratio of government expenditures to gross domestic product. We develop a model of the budgetary process and show that a common pool problem may arise which can be mitigated through fiscal rules. We test...

In this paper we argue that socially responsible policies have positive short-term and long-term impact on equity of global brands. We find that corporate social responsibility towards all stakeholders, whether primary (customers, shareholders, employees and suppliers) or secondary (community),...

The fiscal federalism and public choice literatures stress that government bailouts should be avoided as they increase the probability that governments incur unsustainable debt levels or take excessive risk (moral hazard problem). The current problems in the euro area seem to confirm this view....

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This paper adds new empirical evidence to the political economy literature of economic reform. One of the main contributions of this paper is the development of a novel methodology to identify privatisations. The methodology is a combination of the Bai & Perron structural break filter, and...

A multidimensional poverty assessment requires a weighting scheme to aggregate the well-being dimensions considered. We use Alkire and Foster?s (2011a) framework to discuss the channels through which a change of the weighting structure affects the outcomes of the analysis in terms of overall...