The concept of the empowered consumer cannot be considered as a field of exact scientific research yet. Nevertheless, it has become part of scholars’ interest and gains more and more importance in the research of organisational relationships with customers. It is suggested that two influencing...

This thesis traces the development of the copper industry, mining and smelting, located mainly in Cornwall and South Wales respectively, between 1760 and 1820, and the interaction between them. It is especially concerned with the impact on the mining industry of new sources of ore, technological...

This paper provides a detailed analysis of the evolving relationship between the British trading company John Swire and Sons and its Chinese partners involved in the distribution of its products, notably sugar. From the nineteenth century, Swire had utilised the Chinese system of the Comprador....

This paper outlines the development of international firms over the period from 1870 to 1945. It shows how British and other European trading firms developed international investment operations using the medium of free-standing companies. This was the origin of Royal Dutch Shell amongst other...

In the 1960s Shapley provided an example of a two-player fictitious game with periodic behaviour. In this game, player A aims to copy B's behaviour and player B aims to play one ahead of player A. In this paper we generalise Shapley's example by introducing an external parameter. We show that...

The general aim of a contingent valuation survey is to elicit the willingness to pay (WTP) of respondents for some (public) commodity without a clear market price. This could be a program to protect some environmental resource or, as in our application, the access to a recreational area of...

This paper tracks levels of Euro preparations by UK SMEs with trade links with the Euro currency area using two surveys of the same cross-sectional dataset. The first study was conducted soon after the initial launch of the Euro in 1999. The second study, using the same SMEs, sought to see how...

This paper attempts to uncover the effects of a UK welfare-to-work programme on individual wage growth by exploiting an expansion to this welfare programme. The conventional wisdom is that such programmes trap recipients into low-wage, low-quality work - this comes from the simple argument that...

This paper provides an extensive Monte Carlo comparison of several contemporary cointegration tests. Apart from the familiar Gaussian-based tests of Johansen, we also consider tests based on non-Gaussian quasi-likelihoods. Moreover, we compare the performance of these parametric tests with tests...

It is well known that economies of scale that are external to the individual decision makers can lead to self-fulfilling prophecies and the multiplicity or even indeterminacy of equilibrium. We argue that the importance of this source of multiplicity and indeterminacy is overstated in...