Economic theory suggests that market structure variables influence technical change, growth and new product introductions. Based on a broad data set for new product introductions in various food industries, it is elaborated in this article how market structure variables affect innovative...

Substantial evidence exists to indicate that a negative Monday, or in some case Tuesday, mean return is achieved by stock market indices. In contrast to these and to previous Irish studies, this paper finds that there is no negative Monday or Tuesday return, there being a persistent and positive...

Empirical evidence about the behaviour of the exchange rates in terms of the US Dollar (USD) has shown different regularities (autocorrelation, daily seasonality, heteroscedasticicity, long memory). In this sense, we are interested in analysing the regularities that can be found in the behaviour...

Most economists take it for granted that a price mechanism is usually the most effective means of resource allocation. This paper compares two methods of allocating resources in the thoroughbred racing market: a price mechanism and bureaucratic restrictions. It is shown that a simple price...

Recently, there has been growing interest in reducing gender and race discrimination. Hence, interest in exploring what causes the discriminatory wage gap has also grown. An often applied tool for this type of analysis is the Oaxaca-Blinder decomposition technique. However, it turns out that...

This paper investigates empirically the impact of monetary deregulation that occurred in 1988 on the relationship betwen consumption and money supply in Greece. The results provide evidence that the deregulation has significantly affected the behaviour of consumption.

This study revisits the issue of hypothetical and actual willingness to pay. In two recent letters the validity of the contingent valuation method has been questioned. The studies include comparisons of hypothetical and actual economic commitments that were elicited through two different...

Unlike earlier studies, this paper argues that the relevant determinants of East Asian integration ought to be gravity (proximity and size of the regional economics). Using a gravity model of 1975-95 merchandise trade flows, strong evidence was found by East Asian economies integrating and...

An attempt is made to provide a more accurate measure of the incentive for rural to urban migration in developing countries. The study uses data from Kenya to estimate the urban to rural wage gap and then decomposes the gap into the portion due to differences in explained characteristics of...

This note re-examines the flexible-price monetary approach to the exchange rate between the Korean won and the three key currencies: the US dollar, the German mark and the Japanese yen. The note reports the important findings. First, at least one cointegrating vector exists, which indicates that...