This paper compares two recent books addressing issues in human wellbeing, rights and development: A Theory of Human Need by Doyal and Gough and Women and Human Development: The Capabilities Approach by Martha Nussbaum. The first part identifies the common project which underlies both works: to...

Using stochastic modelling, we demonstrate that the best investment strategy for the accumulation phase of a defined contribution pension plan is one that limits the range of returns that are credited to the plan member’s account. In particular, we show that withprofit accumulation programmes...

Though directly an assessment of the 2003 White Paper on higher education in England and Wales, this paper offers analysis and strategic conclusions that apply to all advanced countries. After introductory discussion, successive sections weigh up current arrangements (generally unfavourably),...

Annex C of: The control of entry regulations and retail pharmacy services in the UK

Based on case studies of NGOs in three cities, this paper discusses some of the common constraints on the ability of Chinese social welfare NGOs to perform both service delivery and advocacy functions at the present time. It shows that the effectiveness of NGOs is above all conditioned by their...

This paper studies the sources of social inequalities largely neglected by the previous researches on urban China’s socio-economic reforms. The research focuses on the policy guided differential treatments to the employees of non-enterprises and the employees of enterprises in the reforms of...

This paper studies predatory trading: trading that induces and/or exploits other investors' need to reduce their positions. We show that if one trader needs to sell, others also sell and subsequently buy back the asset. This leads to price overshooting, and a reduced liquidation value for the...

The article draws on decentred analyses of regulation, which emphasise the fragmentation and hybridisation of regulatory systems, to analyse contemporary financial services regulation, principally in the UK. The analysis focuses on actors, their regulatory capacities, the regulatory functions...

We use the Cox process (or a doubly stochastic Poisson process) to model the claim arrival process for catastrophic events. The shot noise process is used for the claim intensity function within the Cox process. The Cox process with shot noise intensity is examined by piecewise deterministic...

CARR, in association with the Centre for Business History, University of Leeds, held a successful workshop on 'Business History and Risk' on 20 February 2002. The workshop, which was sponsored by the ESRC, brought together business historians, economists, accountants and risk analysts to develop...