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Research Papers in Economics
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  • Knowing what is good for you. Empirical analysis of personal preferences and the 'objective good'

    Orsolya Lelkes (2005)
    The paper argues that there is a cherishable overlap between “objective good” and people’s preferences in measures of well-being. Firstly, using recent survey data from twenty European countries I analyse the determinants of individual’s “experienced utility”. The proxy for utility is overall life satisfaction. The results indicate that various measures of well-being which are normally used for assessing people’s quality of life do indeed significantly influence people’s utility. The estimate...

    Bank Lending and Property Prices in Hong Kong

    Stefan Gerlach; Wensheng Peng (2003)
    This paper studies the relationship between residential property prices and lending in Hong Kong. This is an interesting topic for three reasons. First, swings in property prices have been extremely large and frequent in Hong Kong. Second, under the currency board regime, monetary policy can not be used to guard against asset price swings. Third, despite the collapse in property prices since 1998, the banking sector remains sound. While the contemporaneous correlation between lending and prop...

    Stress Management among Senior Staff Female Administrators in the University of Cape Coast

    Georgina Asi Owusu; Millan Ahema Tawiah (2014)
    The issue about work stress has been topical in recent times especially in university administration. The female university administrator is faced with a myriad of challenges in the daily discharge of their duties which end up stressing them. However, little attention has been given to this issue in research cycles in Ghana context. This study therefore focused on examining stress and its management among female administrator (senior staff) in the university of Cape Coast. As a case study, th...

    Existence of pure Nash equilibria in discontinuous and non quasiconcave games

    Philippe Bich (2009)
    In a recent but well known paper, Reny has proved the existence of Nash equilibria for compact and quasiconcave games, with possibly discontinuous payoff functions. In this paper, we prove that the quasiconcavity assumption in Reny's theorem can be weakened: we introduce a measure allowing to localize the lack of quasiconcavity, which allows to refine the analysis of equilibrium existence.

    Hedge Funds and the Asian Currency Crisis of 1997

    Stephen J. Brown; William N. Goetzmann; James Park (1998)
    We test the hypothesis that hedge funds were responsible for the crash in the Asian currencies in late 1997 . To do so, we develop estimates of the changing positions of the largest ten currency funds in one currency, the Malaysian ringgit and to a basket of Asian currencies. Our methodology is adapted from the Sharpe's (1992) style analysis approach that decomposes fund returns. We find that the net long or short positions in the ringgit or its correlates did fluctuate dramatically over the ...
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