In this paper we consider the problem of making inference on a structural parameter in instrumental variables regression when the instruments are only weakly correlated with the endogenous explanatory variables.

Several recent studies have examined whether the main Chinese stock markets in Shanghai and Shenzhen are weak-form efficient. A consistent feature of the findings is that the pricing of foreign-owned B shares is more predictable than domestically-owned A shares. However, none of the earlier...

Following an introduction to containerships, formal safety assessment and its development in the shipping industry are described. Containership accident statistics are studied and discussed. This is followed by a description of containership characteristics and a proposed formal safety...