The authors argue that the standard procedure for capturing habit persistence in empirical models of attendance at professional team sports is deficient. A mis-specification traceable to an early (influential) paper appears to affect subsequent work, casting some doubt on its correct interpretation.

This paper investigates the impact of the monetary deregulation in Greece that occurred in 1988 on the relationship between real money balances and real credit and certain components of consumption, namely, durables and non-durables. The Granger-causality methodology is used to examine this...

The Bank of England?s Monetary Policy Committee (MPC) sets UK interest rates to control inflation paying particular attention to earnings growth as measured by the Average Earnings Index (AEI). In October 1998, a revised AEI indicated that wage inflation had been overestimated bringing the...

In this paper we examine the organisation of the transfer market for association football players in the English Football League adopting a transactions cost framework. The transfer system for professional footballers is effectively the games labour market and we argue that it is characterised...

This paper examines the behaviour of real wages in the French textile and paper industries. The econometric analysis is embedded within theoretical framework of the insider-outsider hypothesis. The models attempt to measure the impact of insiders and outsiders on real wages, and the part that...

The effects of smoking, drinking and marriage on individuals? earnings are estimated for the UK labour force for 1974, 1984 and 1994. Smokers are found to incur a wage discount; drinkers a wage premium and married individuals a wage premium with a discount for the first child. Such results are...