Pedestrians who cross streets during the red-man phase of traffic light signals expose themselves to safety and health hazards and hence are considered to be at risk. Pedestrians’ street-crossing behavior is in general the outcome of interaction between pedestrians and vehicles: the gaps...

We exploit data from the China Household Finance Survey to examine the impact of changes in the minimum wage on employment and investment decisions. We are able to non-parametrically identify the average treatment effect on the treated via exogenous variation in the minimum wage across...

The relative risk/prevalence ratio and odds ratio are very popular in medical research and epidemiological studies. The odds ratio is overused in practice due to its direct relation with the logistic regression. Interpreting the odds ratio in terms of “relative risk” may lead to incorrect...

Transport infrastructure connectivity (TIC) has strong endogeneity issues, which makes it difficult to directly assess its impact on local conflict resolution. This study takes a position into the dispute about the two-edged effects of TIC in the process of peace and stabilization, and compares...

In this paper, we empirically analyze the effect of the credit crisis of 2008 by adopting coexceedance as a contagion measure. We assess the effect of news of governmental intervention and the collapse of firms during the period from 2007 to 2009 on the coexceedance. Our approach involves...

This paper proposed an optimisation mechanism in the currency overlay portfolios construction process, an area that has not been explored in the literature that tend to focus on pre-determined fixed weights, such as the trading volume of currencies from the survey of the Bank for International...

This paper examines UK University Vice Chancellors (VC) pay awards. The empirical analysis, covering the period 1997 to 2002, evaluates the impact upon VC pay awards of university performance measures, an internal pay comparison measure and two external pay comparisons, i.e., the pay of other...