In this paper the comparability of two household budget surveys, the 1993 Hungarian Household Budget Survey and the 1993 UK Family Expenditure Survey. Using these data the authors derive measures of total household income and expenditure, and calculate poverty headcounts assuming seven different...

How are state-owned entreprises to be reformed? Privatisation seems to be the obvious solution. This essay argues that entreprises reform in the transition should focus on enhancing managerial.

The Paper presents a continuous-time model for the timing of riskless arbitrage when the mispricing between two equivalent portfolios varies stochastically through time under the exogenous impact of liquidity trades and persistent prospect that the arbitrage bubble can 'burst' .

This paper uses semiparametric and parametric time-series methods to model the non-linear agro-climatic output relationship for the British economy during the period 1867-1913.

In this paper, I Present evidence that test and supports the theory of compensating differentials for variety of job characteristics. The Self-report data used are from the National Survey of Class Structure and albour Process in Canada. I use thses in preference to more conventional...

The paper conducts a social cost benefit analysis of the privatisation and restructuring of state-owned Central Electricity Generating Board whichn generated and transmitted all publicly supplied electricity in England and Wales until 1990.

This paper takes a computationnaly simple LS approach to develop a more efficient estimation procedure, which we call Residual Augmented Least Square (RALS), than OLS when the errors are not normally distributed. The efficiency gain is from manipulating the higher moment conditions implied by...

This paper addresses the problem of forecast evaluation in the context of a simple but realistic decision problem, and proposes a procedure, for the evaluation for forecats based on their average realized value to the decision maker.

In this paper I propose a general model of repeated strategic interaction with possibly private information, which is particulary suitable to study learning processes.

Privatisation of utilities is about ownership rather than control. Liberalisation can induce greather improvements in performance than privatisation alone. Regulation id inevitably inefficient, and adequately competitive network services may improve efficiency. History indicates that regulated...