A plethora of tests for the Independence of Irrelevant Alternatives (IIA) property of Logit models of discrete choice behavior has been proposed in the literature. These tests are based upon asymptotic arguments and little is known about their size and power properties in finite samples. This...

type="main" xml:id="sjpe12044-abs-0001" <title type="main">Abstract</title> <p>Getting a player like Lionel Messi in the squad would seem like a dream come true for a professional football manager, but is it always best to have top-quality players? We study the determinants of top goal-scorers’ productivity in the UEFA...</p>

One of the major emerging macroeconomic problems during the past century has been the tendency for inflation to accelerate under prolonged periods of full employment. According to Isaac and Kaldor, this arises because the three major objectives of wage earners often conflict. The first objective...