The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...

A convergence model in which wealth accumulation is subject to i.i.d. random shocks is examined. The accumulation functions shows what k_{t+1} - wealth at t+1 - would be given k_t and with no shock. It has a positive slope, but its concavity or convexity is indeterminate. The focus is the...

The removal of high levels of protection combined with substantial real devaluations has changed the environment in which Ghanaian manufacturing firms have operated in the 1990s. The changes in output, composition and productivity, which have occurred over this period, are examined in this...

Body weight has risen in defiance of health and appearance norms. The social epidemics of overeating and slimming were driven by market forces and the psychology of eating: restrained eating is easily disinhibited by stress. For men, the rise in body weight was associated with the decline of...

We analyse the major economic issues raised by the 1997 Tobacco Resolution and the ensuing proposed legislation that were intended to settle tobacco litigation in the United States. By settling litigation largely in return for tax increases, the Resolution was a superb example of a win-win deal....

The countries of Sub-Saharan Africa are disproportionately among those receiving the most foreign aid per capita in the world. In this paper we assess the intensity of aid flows to African countries, defined as the size of these flows relative to the categories of economic activity they are...

This paper seeks to identify parameter changes which are robust in the sense that they benefit women relative to men in a wide range of household models. The models considered are unitary, Nash- bargaining and non-cooperative with and without cash transfers. Reductions in the relative price of...

This paper provides a case study of the parliamentary enclosure of Stanton Harcourt, Oxfordshire. A collection of nearly eighty letters reveals the often-acrimonious negotiations over the draft clauses of the enclosure bill, and the extent of the concessions needed to overcome opposition to...

The rescue of persecuted minorities - such as the Jews in Nazi occupied Europe -is seen in this paper as taking place in a peculiar market. In such a market rescuers face at least two dilemmas. Firstly, they might be willing to help but be uncertain how to go about rescuing. Secondly, they might...

The herringbone parlour, a mechanical milking technology, was invented in 1908, but took over 70 years to be adopted by the majority of British farmers. Among the reasons were the need to improve original designs, the need for complementary institutional changes such as management systems, new...