We develop a model that captures the basic characteristics of competitively authoritarian regimes. An incumbent (government) faces a challenge from a rival (opposition). There is also an agent (bureaucracy) who can shirk and can interfere in this contest. Shirking is costly to the incumbent. The...

Currency crises are a recurring phenomenon. To increase the understanding of their changing nature, this paper analyses the evolution of currency crises and assesses them in the generation framework of theoretical models. The self-organising map (SOM), a neural network-based clustering and...

This study examines return and risk properties arising from the construction of fund of funds (FoF) portfolios utilising actively managed Greek equity mutual funds. The evidence documents that while average return remains constant as the number of funds included in the FoF increases, risk is...

Latent variable modelling is used widely in applications to economics, social and behavioural sciences. Since the normality-based model fitting procedures are simple and broadly available, and since such procedures are often applied to non-normal data or non-random samples, it is important to...

This paper tests whether the econometric model of Boswijk et al. (2007) (BHM07) adequately identifies strategy switching behaviour by using computational data from a different model, in particular the model Friedman and Abraham (2009) (FA09). The purpose of using computational data based on an...