Closed-End Fund (CEF) discounts have intrigued researchers for decades. Of the many explanations offered, the behavioural framework of Lee <italic>et al</italic>. (1991), which posits noise traders subject to sentiment, is the most discussed. In this article, we contribute some novel evidence to the evaluation...

This extraordinary book provides a critical review of the work of Nicholas Georgesçu-Roegen in conventional economics, environmental economics and methodology. Particular attention is paid to the role of thermodynamics in Georgesçu-Roegen’s economics.

In this paper we consider the spatial dispersion of unemployment vis-à-vis that of inflation and the implication of this relative dispersion for fiscal policy. Two empirical tests yield results that are consistent with our a priori expectations that inflation is more evenly distributed...

This article uses the method of pairwise comparisons to rank college football teams. This issue is of some importance due to debate over, which team actually won the national championship in 2003-2004. Some polls ranked LSU number 1 while others ranked USC number 1. Our method, based on pairwise...