Main Economic Policy Areas of the EC: After 1992 is a completely rewritten version of past editions. It examines successes and problems associated with the EC's main economic policy areas and makes proposals for the future. For the first time, a chapter on the very important policy area of...

This book is a selection of papers presented at the Fourth Villa Colombella seminar on the topic of the relationship between the preferences of citizens for public policies and how (or whether) these get expressed as political demands by interest groups, political parties and governments....

The political revolutions since mid-1989 in the eastern part of Europe have ushered two ambitions into the purview of the new political leaders of most transition economies: pluralistic political democracy and a market economy based overwhelmingly on private property and self-interest, with a...

Stabilization and Privatization: An Economic Evaluation of the Shock Therapy Program is the first comprehensive account of Poland's economic transition since mid-1989. Monetary stabilization, trade liberalization (including convertibility) and privatization of state capital assets are discussed....

Past observers of the iron ore industry have asserted that significant economies of scale exist in the mining of iron ore which is enriched into taconite pellets. Quasi, long‐run average costs (LAC) of production are measured and used to estimate optimum scale of plant. Indeed the LAC appears...

This study analyzes the variability of rates of return for 11,772 U.S. commercial banks from 1979 through 1985. The objective is to determine whether variability that is not explained by exogenous variables can be explained by prospect theory. Below target, strong correlations are shown,...

An increasing number of investors are becoming more and more aware of the benefits of diversification in terms of expected returns and risks. These investors are looking to international investing as a method of reducing risk. Because of the perceived benefits, Closed‐end (Country) Funds are...