Cambridge Working Papers in Economics

From Faculty of Economics, University of Cambridge
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9735: Risk, Utility an Switching between Gambles

C. S. Pedersen and S. E. Satchell

9734: Pool Reform and Competition in Electricity, forthcoming in M. Beesley (ed.), Lectures on Regulation Series VII, London, Institute of Economic Affairs

David M Newbery

9733: Multiperson Bargaining and Strategic Complexity

K. Chatterjee and Hamid Sabourian

9732: A Neglected Controversy in the Modelling of Consumers' Expenditure

Steven Cook

9731: Dividends, Safety and Liquidation when Liabilities are Long-term and Stochastic

Robin Mason

9730: Equity Price Dynamics in Thin Emerging Markets of Central and Eastern Europe

M. Sokalska

9729: The Effect of Emigration on Human Capital Formation

J.-P. Vidal

9728: Cross-vintage Encompassing

Steven Cook

9727: Forecasting the Growth in Consumers' Expenditure: The Treasury Model

Steven Cook

9726: Income Inequality in Hungary, 1987-1993

Paul Kattuman and Gerry Redmond

9725: The EUROMOD Preparatory Study: A Summary Report

Holly Sutherland

9724: Computing Strategy for a European Tax-Benefit Model

Ruth Hancock

9723: Eur3: A Prototype European Tax-Benefit Model

François Bourguignon, Cathal O'Donoghue, J. Sastre-Descals, A. Spadara and F. Utili

9722: The Impact of Weather on the Construction Sector Output Variations, 1955-1989

Solomos Solomou and W. Wu

9721: Pooled Estimation of Long-run Relationships in Dynamic Heterogeneous Panels

Mohammad Pesaran, Yongcheol Shin and Ronald Smith

9720: Modelling Behavioural Response in EUROMOD

N. Anders Klevmarken

9719: Production Smoothing, Inventory Investment and Asymmetric Adjustment

R. Arden, Sean Holly and Paul Turner

9718: Capital Mobility in a Dynastic Framework

J.-P. Vidal

9717: Asymmetric Adjustment Costs, Asymmetric Pricing and Employment: Evidence from the UK

R. Arden, Sean Holly and Paul Turner

9716: Asymmetries in Private Sector Investment: An Empirical Investigation

R. Arden, Sean Holly and Paul Turner

9715: The Asymmetric Adjustment of Prices: Theory and Evidence from UK Manufacturing

R. Arden, Sean Holly and Paul Turner

9714: An Integrated Risk Measure with Application to UK Asset Allocation

C. Damant, Soosung Hwang and S. E. Satchell

9713: Small Firms in the UK

C. Pratten

9712: Measurement of Trends in Poverty and the Income Distribution

Anthony Atkinson

9711: A Study of the Factors Affecting Participation in Post-compulsory, Full-time Education and Government Supported Training by 16-18 year-olds in England and Wales

C. F. Pratten, Donald Robertson and J. R. Tatch

9710: Generalised Impulse Response Analysis in Linear Multivariate Models

Mohammad Pesaran and Yongcheol Shin

9709: Diagnostics for IV Regressions

Mohammad Pesaran and L.W. Taylor

9708: Solution of Multivariate Linear Rational Expectations Models and Large Sparse Linear Systems

Mohammad Pesaran and Michael Binder

9707: Competition, Contracts and Entry in the Electricity Spot Market

David M Newbery

9706: Structural Analysis of Vector Error Correction Models with Exogenous I(1) Variables

Mohammad Pesaran, Yongcheol Shin and Richard Smith

9705: The 1996 Reform of the Electricity Supply Industry in the Netherlands

G. Brunekreeft

9704: Costly Coasian Contracts

Luca Anderlini and Leonardo Felli

9703: Poverty in the UK and Hungary: Evidence from the Household Budget Survey

G. Collins and Gerry Redmond

9702: The Chinese Army's Firm in Business: The Sanjiu Group

P. Nolan and Wang X.

9701: The Restructuring and Privatisation of the Electricity Supply Industry in Northern Ireland: Will it be Worth it?

Michael Pollitt

9625: A Recursive Modelling Approach to Predicting UK Stock Returns'

Mohammad Pesaran and Allan Timmermann

9624: Child Poverty, Economic Transition and Welfare State Regimes in the UK and Hungary'

S. Jarvis and Gerry Redmond

9623: An Extended Family of Financial Risk Measures

C. S. Pedersen and S. E. Satchell

9622: Testing for the 'Existence of a Long-run Relationship'

Mohammad Pesaran, Yongcheol Shin and Richard Smith

9621: Big Business with Chinese Characteristics: Two Paths to Growth of the Firm in China under Reform (Economic Transition)

P. Nolan

9620: Privatisation and Liberalisation of Network Utilities

David M Newbery

9619: Multivariate Linear Rational Expectations Models: Characterisation of the Nature of the Solutions and Their Fully Recursive Computation

Michael Binder and Mohammad Pesaran

9618: A Decision_Theoretic Approach to Forecast Evaluation

Clive Granger and Mohammad Pesaran

9617: Climate and Fluctuations in Agricultural Output, 1867-1913

Y. Khatri and Solomos Solomou

9616: The Electricity Contract Market

Richard Green

9615: Stochastic Growth

Michael Binder and Mohammad Pesaran

9614: Households, Individuals and the Re-Distribution of Income

Holly Sutherland

9613: From State Factory, to Modern Corporation? China's Shougang Iron and Steel Corporation Under Economic Reform

P. Nolan

9612: The Role of Economic Theory in Modelling the Long Run

Mohammad Pesaran

9611: Construction of Panel Data Through Record Linkage: Application to Hungarian Budget Surveys: 1987, 89, 91

S. Jarvis and P.A. Kattuman