Mutual funds hold large blocks of shares in many major corporations. Practitioners and regulators alike have been concerned that mutual funds use their proxy votes in a promanagement manner in order to garner lucrative pensions administration contracts, thus hindering shareholder value. Such...

This article considers Henry Jenkins' Convergence Culture as a sociological argument about the tendencies in contemporary culture and argues that it generalizes from a small pool of evidence, considering arguments that would lead to very different conclusion with other demographics. From there,...

In this study I develop a partial equilibrium approach for the prediction of property price effects of transport network extensions. It combines a gravity-type labor market accessibility indicator with a transport decision model that takes into account the urban rail network architecture, allows...

We build a theoretical model to study the welfare effects and resulting policy implications of firms’ market power in a frictional labor market. Our environment has two main characteristics: wages play a role in allocating labor across firms and there is a finite number of agents. We find that...

Higher education has a positive economic impact at individual, country and EU levels, with technological advances continuing to drive the demand for skills. However, constraints on public spending across the EU mean that higher education can no longer be financed entirely by taxpayers. Professor...

This paper presents new quarterly panel data models for county court claims and orders for mortgage possession for seven regions of England plus Wales. Different types of data on mortgage possessions are compared. The innovations include the treatment of difficult to observe variations in loan...

The paper outlines a way of gaining fresh perspectives on the functions of ‘quality of life’ (QOL) conceptions in the health sector. The first objective is to spotlight a seldom considered issue. The paper describes different uses of the QOL concept and different links between the categories...

The Story of the Hats is a puzzle in social epistemology. It describes a situation in which a group of rational agents with common priors and common goals seems vulnerable to a Dutch book if they are exposed to different information and make decisions independently. Situations in which this...

Purpose: Unrealistic optimism is all around us, and it is a well-documented psychological phenomenon. The purpose of this study is to take a critical approach of the main research done in the area and to analyze the important impact that it has in many economic and managerial contexts. We also...

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repayment rates is puzzling....