This paper undertakes an empirical analysis of the effects of the threat of takeover on company performance, based on a panel of 643 nonfinancial quoted UK companies over the period 1989-96. Our measure of the intensity of the threat of takeover is the predicted probability of takeover estimated...

This paper estimates takeover likelihood models for UK quoted companies. For a sample of 643 UK nonfinancial quoted companies over the period 1989-96, we find that the probability of being a takeover target is increasing in leverage and incidence of takeover speculation and decreasing in pre-bid...

This paper undertakes an empirical analysis of the effects of the threat of takeover on company performance, based on a panel of 643 nonfinancial quoted UK companies over the period 1989-96. Our measure of the intensity of the threat of takeover is the predicted probability of takeover estimated...

Estimates are produced for differences between the ceteris paribus earnings of union and non-union workers in the UK and the US over time.

Many observers believe that times are growing harder for young people in Western society. This paper looks at the evidence and finds that conventional wisdom appears to be wrong.

This paper analyses the impact of cost competitiveness and technology on export performance using a very rich panel datset of 12 manufacturing industries in 14 OECD countries for the period between 1970 and 1992.

If a nation's economic performance improves, how much extra happiness does that buy its citizens? Most public debate assume -without real evidence- that the answer is a lot. This paper examines the question by using information on the well-being in Western countries.

A large literature in macroeconomics assumes a social objective function, W(pi,U), where inflation, pi, and unemployment, U, are bads. This paper provides some of the first formal evidence for such an approach. It issues data on the reported well-being levels of approximately one quarter of a...

The 1998 Competition Act represents a major change in the content and practice of competition policy in the United Kingdom, bringing it into line with European policy as practised under Articles 85 and 86. The paper presents an economic evaluation of the new provisions, and of the draft...