Despite its conceptual significance, R. L. Davies' complex model of city centre retailing has received relatively few empirical airings.This is largely attributable to its reliance upon the free play of market forces,a state of affairs which rarely pertains in today's highly planned retail...

This paper estimates hedge fund and mutual fund exposure to newly proposed measures of macroeconomic risk that are interpreted as measures of economic uncertainty. We find that the resulting uncertainty betas explain a significant proportion of the cross-sectional dispersion in hedge fund...