Recent Submissions

  • The implicit costs of trading in a jointly listed Irish equity 

    Dunne, Peter G. (Economic & Social Research Institute, 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 

    Leahy, Dermot; Neary, J. Peter (Economic & Social Research Institute, 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 

    Murphy, Anthony (Economic & Social Research Institute, 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 

    Murshed, S. Mansoob (Economic & Social Research Institute, 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 

    Venables, Anthony J. (Economic & Social Research Institute, 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 ...

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