In this paper a model for estimating the reduction of the probability of premature death emanating from a transport infrastructure investment is developed. As a starting point a reference probability of premature death is arbitrarily chosen and two measures of estimating the value of life saving...

This paper re-examines the purchasing power parity theory for five bilateral Canadian dollar exchange rates. The Johansen cointegration technique is employed, and we find evidence in favor of PPP when wholesale prices are used but not when consumer prices are utilized, whereas in all but one...

Purpose The aim of this study is to examine whether China’s exchange rate follows an equilibrium process and consequently to answer the question of whether or not China’s international competitiveness fluctuates in consistency with equilibrium. Design/methodology/approach The theoretical...

Purpose – The purpose of this paper is to focus on the specific “shareholder's” concept of transparency. Design/methodology/approach – It considers that indirect securities holding systems limit the degree of “post-trading” transparency. The main concern is that an adverse effect of...