RSS 1.0The Economic and Social Review, Vol. 26, No. 1, October, 1994
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The implicit costs of trading in a jointly listed Irish equity
(Economic & Social Studies, Dublin, 1994)The paper invokes the concept of an implicit bid-ask spread in the Irish Stock Market and measures the consequent cost to traders as the expected gap between the price of sell and buy orders when these have been executed ... -
Time consistency, learning by doing and infant-industry protection: The linear case
(Economic & Social Studies, Dublin, 1994)This paper examines the implications for strategic trade policy of diiferent assumptions about precommitment in a dynamic oligopoly game with learning by doing. Assuming that demands are linear, we find that the optimal ... -
Artificial regression based mis-specification tests for discrete choice models
(Economic & Social Studies, Dublin, 1994)Lagrange Multiplier (LM) tests for omitted variables, neglected heteroscedasticity and other mis-specifications in general discrete choice models may be simply and conveniently calculated using an artificial regression. ... -
Adverse selection and moral hazard in government grant giving
(Economic & Social Studies, Dublin, 1994)The purpose of this paper is to relate problems of asymmetric information to government grant giving. The innovation in the paper is to extend the asymmetricity to both principal (donor/government) and agent (recipient) ... -
Economic integration and industrial agglomeration
(Economic & Social Studies, Dublin, 1994)This paper reviews recent research on industrial location, focusing on the way in which reducing barriers to trade may induce relocation of industry. Integration may cause industries to agglomerate in a few locations, this ...
