The formation of reference points has drawn increasing interest ever since the introduction of prospect theory. Given that most studies focus on tradable goods such as stocks, for which the prices are observable, while few have focused on environmental goods. This paper attempts to fill this gap...

The hedonic wage equation is the relationship between wages and job and personal attributes (such as safety and working experiences) when the labor market is in equilibrium. The estimated equations have often been used to measure marginal values of risk reduction (safety) (or the value of a...

This dissertation is aiming to find out the impact of the Gramm-Leach-Bliley Act on insurance companies' survival. The events of interest are bankruptcy and acquisition, which are correlated and censor each other. A statistical survival analysis method is developed first and then applied to the...

The airline industry is an area where fierce competition exists. Maximizing revenue is an important target for the airlines. This is known as revenue management or yield management. A lot of research has been done in this area to help the airlines achieve their goals.Recently, some of the...

The aim of this overview article is to examine and assess monetary issues crucial for the Economic and Monetary Union (EMU) entry strategy. The optimum currency area (OCA) criteria are not used in assessing Polish suitability for the EMU, as they were not decisive in the process of the EMU...

Most of the emerging market currency crises are accompanied by sharp reversals or “sudden stops” of capital inflows. We investigated whether some types of capital flows are more likely to reverse than others during these crises. Foreign direct investment is usually considered stable while...