A note on market structure and the search for exhaustible resources

This paper allows for country-specific and time-specific factors in the demand for international reserves by applying the error-components model. Forecasts based on the GLS parameter estimates are shown to be superior to those based on the OLS estimates.     

Pierce and Haugh on characterizations of causality: A re-examination

This paper amends the set of equivalent necessary and sufficient conditions under which y does not cause x, provided by Pierce and Haugh (1977).     

Human information processing research in accounting: The state of the art in 1982

Awareness of the importance of human information processing research to accounting issues has increased dramatically since 1977. As a result, this literature has expanded in volume and addresses a larger spectrum of accounting problems. Further, it incorporates a wider variety of theories and methodologies. This paper draws upon the framework provided by Libby and Lewis (1977) to synthesize and evaluate accounting research conducted since 1977 using the lens model, probablistic judgment, predecisional behavior, and cognitive style approaches. In addition, the impact of the research on practice and some directions for future research are discussed.     

competitive markets from Satisfied producers

What is the future of Competition Policy? Russell Lewis discusses this and other issues with the Secretary of State for Trade and Industry, the Rt Hon, Peter Lilley MP.     

A Theory of Trade Union Membership Retention

The retention rate of unemployed members can vary substantially between trade unions and may not particularly reflect the structure of the labour market within which a union operates. This raises the issue of whether retention of these members is due to supply-side factors characterised by individuals or to the policy of trade unions towards their unemployed members.     

Strategic partnering in Eastern Europe

There are alternatives to the much-touted “joint venture” in Eastern Europe. Some of these, such as licensing and cooperation agreements, have actually been available for some time. Others, like wholly owned subsidiaries, mergers, and acquisitions, are in the early stages of development. Clearly, the pace of reform indicates it is time to rethink the conventional wisdom on corporate development in Eastern Europe.     

discovering the truth about aid

Economists in the House of Lords are rare; Russell Lewis interviews the celebrated sceptic of foreign aid - Lord Bauer, better known perhaps as Professor P. T. Bauer, and explores his still controversial views about inter-government aid and aspects of his eventful life.