This paper shows that market values for UK football (soccer) teams may be described by a remarkably simple regression model. This model is used to estimate the value of the Premier league. A tentative estimate of the Norwegian club Rosenborg Ballklubb is also established. As Rosenborg Ballklub...

By using stock daily data for Thailand and the four Asian Tigers, this paper provides clear evidence that currency depreciation affects adversely stock returns and/or increases market volatility over the period of the Asian crisis 1997-1999. The implication is that international investors and...

The aim of this paper is to discuss how the efficiency conclusions obtained from DEA are affected when they are complemented with bootstrap confidence intervals. Bootstrap approximations to DEA estimator distribution functions have not been practically used in empirical analysis, despite being...

This paper estimates the effect of advertising expenditure on market shares of the seven leading firms in the Indonesian cigarette industry using recent advances in time series analysis, namely the error correction model. Own and rival's advertising elasticities for the short run and long run...

New evidence is presented on the positive correlation between returns from technical trading rules and periods of central bank intervention. To that end, the profitability of a trading strategy based on nearest-neighbour (nonlinear) predictors is evaluated, which may be viewed as a...

This paper aims at analysing and predicting farmers' land use decisions. For this purpose, farmers' decision processes are described by a nested discrete choice model. At all levels of estimation, the values of the dependent variable indicate the proportion of land allocated to each agricultural...

This paper investigates whether electric-machinery firms in Japan paid the efficiency wage to their employees after the Plaza Accord. The estimations are implemented using a dynamic formulation of the shirking version in the efficiency wage model. This formulation is developed by Machin and...

This study considers the robustness of the effects on wages of job tenure and work experience among white adult men in the United States. The Survey of Income and Programme Participation data is used from 1983-1992 and the same methodology is also used to generate results to compare to earlier...

During the 1990s changes in the earnings test threshold and the delayed retirement credit had the potential to impact the labour supply of 65 to 69-year-olds. These changes in Social Security rules are used to examine whether labour supply behaviour of elderly men and women is 'myopic' or...