Recent Submissions
Benford's law is an empirical observation, first reported by Simon Newcomb in 1881 and then independently by Frank Benford in 1938: the first significant digits of numbers in large data are often distributed according to a logarithmically decreasing function. Being contrary to intuition, the law was forgotten as a mere curious observation. However, in the last two decades relevant literature has grown exponentially—an evolution typical of “Sleeping Beauties” (SBs) publications that go unnotic...
Mir, Tairq A.; Ausloos, Marcel
This thesis studies the effect of uncertainty in the group identity or the payoffs on social preferences. It also tests the robustness of Dana, Weber and Kuang's results and presents a model to understand the findings of the experiment. Chapter 1 investigates the effect of uncertainty in group membership of the subjects on social preferences. We find that the decision to know the group identity of the counterparts' who turn out to be an in-group member in the dictator and response games incr...
Movahedi, Tahahossein
Information asymmetry is a common feature that hinders lending to small and medium enterprises (SMEs). In the last decade, the growth in Islamic banks lending to SMEs was overwhelming to the extent that it prompted practitioners to regard this as a "win-win" situation. Unlike a conventional bank that mainly resorts to relationship banking to SMEs, an Islamic bank uses a Murabaha contract that creates a "collateral-by-contract" to the borrower. Such distinct lending approaches by the two types...
Shaban, Mohamed; Duygun, Meryem; Fry, John
Tacit coordination is a pervasive aspect of accounting practice. This paper teases out insights on tacit coordination from existing scholarship, starting with studies of everyday life accounting, then turning to professional practice. It develops an understanding that, in the application of rules and accounting standards, in producing, framing, auditing and using statements, records, apologies or excuses, accounting practitioners tacitly coordinate towards the passing of accounts. This passin...
Vollmer, Hendrik
In a two-period overlapping-generations model with production, we consider the damaging impact of environmental degradation on health and consequently life expectancy. Despite the presence of social constant returns to capital, which would otherwise generate unbounded growth, when pollution is left unabated, the economy cannot achieve such a path. Instead, it converges either to a stationary level of capital per worker or to a cycle in which capital per worker oscillates permanently. The gove...
Palivos, Theodore; Varvarigos, Dimitrios
This thesis explores the behaviour of different types of individuals (i.e., traders, experimental subjects) in financial markets under two different environments. It consists of three chapters/papers. Chapters 2 and 3 focus on an electronic market environment where traders submit orders through an electronic platform (i.e., electronic (limit) order book). Chapter 4 develops a portfolio choice problem – implemented in a laboratory environment - where subjects choose under risk, the allocation ...
Litos, Evangelos
This thesis consists of three essays that are concerned with unverifiable education quality under labour market imperfection. In all three essays, we consider a labour market where the monopsonist firm is looking to hire skilled labour. Education/training is the only channel to obtain the skill. The firm faces two-dimensional information asymmetry: the exogenous innate ability (type), and the endogenous choice of quality of education. The contract offered by the firm contains a requirement of...
Mao, Jingyi
This paper looks at on-going empirical research that explores the effect visual management has on team decision making in the service sector at an operational level, more specifically how the use of status indicators in a visualisation affects the decision making process. A business game was developed to collect research data via a series of fifteen laboratory based experiments with groups of three to five participants. The initial findings show that once a set of status indicators is co...
Gardner, Peter; Bateman, Nicola A.
This paper reports on an experiment designed to test whether people's preferences change to become more alike. Such preference conformism would be worrying for an economics that takes individual preferences as given (‘de gustibus es non disputandum’). So the test is important. But it is also difficult. People can behave alike for many reasons and the key to the design of our test, therefore, is the control of the other possible reasons for observing apparent peer effects. We find evidence of ...
Fatas, Enrique; Hargreaves Heap, Shaun P.; Rojo Arjona, David
In this piece of provocation we focus on the words of people who we view as increasingly powerful institutional actors in the field of organization theory and what they signify about ‘what needs to be done’ and ‘how it needs to be done’ in order to rectify the many failings they identify. We suggest that their actions reflect a desire for an integrated, general theory of organizations and the conception of organization studies as a nomothetic science to which they (and perforce we) are philos...
Reed, Mike; Burrell, Gibson
This paper investigates the impacts of a natural disaster on land and real estate prices. Using unique land and real estate price panel datasets for multiple periods, one group before and the other after the 2011 floods in Thailand, we find that the floods adversely affected land prices for industrial use. However, the prices of commercial and residential land did not decline despite substantial damages from the floods, suggesting a relative lack of liquidity or other frictions in the land an...
Sawada, Yasuyuki; Nakata, Hiroyuki; Sekiguchi, Kunio; Okuyama, Yoko
[First paragraph] How can we improve the effectiveness of services supporting victims of domestic abuse? During a police call‐out for an incident of domestic violence, victims are often provided only with rudimentary information about local services available to them by attending police officers. Given the needs of victims for a diverse range of services – including refuge housing, legal assistance, and health services – finding out which of these are available locally and how to access t...
Matheson, Jesse; Foureaux Koppensteiner, Martin
Allais (1952) was one of the first to propose an outcome dependent probability weighting function to characterize probability distortions that explain violations of the linear probability model for expected utility theory (EUT). Quantum Probability Theory (QPT) extends the probability distortion paradigm with state dependent preferences, and non-Kolmogorov quantum probability measures, over a complex valued Hilbert space. Key innovations in QPT include representing vectors in Hilbert space as...
Charles-Cadogan, G.
This dataset contains the annual aggregated income taxes of all the Italian municipalities over the years 2007–2011. Data are clustered over the Italian regions and provinces. The source of the data is the Italian Ministry of Economics and Finance. The administrative variations in Italy over the quinquennium have been taken into account. Data are useful to understand the economic structure of Italy at the microscopic level of municipalities. They can serve also for making comparisons between ...
Ausloos, Marcel; Cerqueti, Roy; Mir, Tariq A.
This paper shows how to extract the density of the information shocks from the revisions of the Bank of England’s inflation density forecasts. An information shock is defined in this paper as a random variable that contains the set of information made available between two consecutive forecasting exercises and that has been incorporated into a revised forecast for a fixed point event. Studying the moments of these information shocks can be useful to understand how the Bank has changed it...
Díaz, Carlos
Marketing has historically been entangled with the study of geography, which has become a very popular focus in the marketing literature nowadays. However, spatially-oriented perspectives in marketing tend to rest on a conceptual divide between place-oriented and space-oriented thinking, thus inhibiting the production of more eclectic and creative spatial knowledge. This conceptual paper endeavors to overcome this dichotomy by rethinking spatiality in terms of boundedness, openness, functiona...
Giovanardi, Massimo; Lucarelli, Andrea
Can public sector reform change service performance for the better? This is a hotly contested debate which carries significant theoretical and practical importance. In England, as in many countries, modernisation was at the heart of local government reform and represented an interpretation of New Public Management into a policy framework. This paper examines the role of the modernisation change agenda in England and what this has subsequently meant for ‘service improvement’. Drawing on both d...
Glennon, Russ; Hodgkinson, Ian; Knowles, Joanne; Radnor, Zoe; Bateman, Nicola
Organising as a trade union strategy has caught the imagination of the labour movement over the past 20 years or so. The vast possibilities of new forms of organising go hand in hand with concern about its highly constrained and sometimes hierarchical use. This article looks at key aspects of the debate, focusing on the question of how new forms of organising reach out to more vulnerable and precarious workers. Similar to other colleagues in the field, we conclude that there are political and...
Martínez Lucio, Miguel; Marino, Stefania; Connolly, Heather
Organising has been adopted as a strategy for union renewal in the Netherlands, where the dominant repertoire has been consensus-based social dialogue. Certain Dutch unions have developed strategies inspired by the US ‘organising model’ and have been relatively successful in recruiting and mobilising under-represented workers. Despite some tensions emerging, the introduction of organising resulted in the greater representation of workers in sectors such as cleaning, which has to an extent com...
Connolly, Heather; Marino, Stefania; Martinez Lucio, Miguel
Archie Carroll’s ground-breaking research on corporate social responsibility (CSR) is widely acknowledged. Revisiting his classic CSR pyramid framework, the paper evolved a novel synthesis of ethics and economics, yielding an ‘integrative CSR economics’. This approach to CSR is conceptually coherent since it is grounded in one ‘discipline’ or research program only; i.e. economics. This reduces conceptual confusion which today is still attributed to many CSR approaches, especially ones that tr...
Wagner-Tsukamoto, Sigmund
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