Economies of Scale in International Liner Shipping and OngoingIndustry Consolidation: An Application of Stigler'sSurvivorship PrincipleKaren V. Gregory(ABSTRACT)The international liner shipping industry has been undergoing major structural changes caused by a number of factors. Liner companies...

Firms seeking sites for new or expansion plants rely on their ability to assess thebenefits and costs generated by locating operations in a given state. Stategovernments strive to understand the issues important to firms who are seekinga site for new operations or branch plants. They do so...

This study compares different methods of forecasting price volatility in the crude oil futures market using daily data for the period November 1986 through March 1997. It compares the forward-looking implied volatility measure with two backward-looking time-series measures based on past returns...

The use of contingent valuation (CV) methods to estimate benefits has become increasingly common in project analysis. Ever since the NOAA Blue Ribbon Panel Report in 1993 (NOAA, 1993) recommended theuse of the referendum form of CV, it seems to have become the method of choice in practical...

The demand for consumer credit is an area of economics that is of great interest to those in the lending community. While much research has been performed on this topic in the financial industry, the findings have been very closely guarded for competitive reasons. In this study, reduced form...

This thesis tests the hypothesis that the qualities of different forecasts of exchange rate volatility depend on the underlying exchange rate regime. By examining the British pound during and after its withdrawal from the European Monetary System (EMS), this analysis compares "backward-looking"...

Stock market event studies are often used to estimate the impact of an unanticipated event on stock returns of a company. Traditionally, these analyses focus on developing estimates of abnormal returns attributed to the event or some measure of post-event loss in shareholder value. In 1989 Mark...

Cigarette taxation is a topic which economists have focused on for years. Thepurpose of the cigarette tax is to force individuals who engage in risky activities to payfor the negative externalities caused by said activities. In the case of cigarette smoking,the notion has been that society as a...