Economics
Economics

Discussion papers

Economics discussion papers from 2003 onwards can be viewed (and downloaded) using the following links:

201620152014, 2013, 2012, 2011, 2010, 2009, 2008, 2007, 2006, 2005 , 2004 , 2003

2016

16/03 Massol, O. & Rifaat, O.
Phasing out the U.S. Federal Helium Reserve: Policy insights from a world helium model

16/02 Jofre-Bonet, M., Rossello-Roig, M. & Serra-Sastre, V.
The Blow of Domestic Violence on Children's Health Outcomes

16/01 Hache, E. & Massol, O.
Sanctions against Iran: An assessment of their global impact through the lens of international methanol prices.

2015 discussion papers

15/05 Byrne, D. P., Imai, S., Jain, N., Sarafidis, V. & Hirukawa, M.
Identification and Estimation of Differentiated Products Models using Market Size and Cost Data

15/04 Delaney, L.
An Examination of the Optimal Timing Strategy for a Slow Trader Investing in a High Frequency Trading Technology

15/03 Banal‐Estañol, A., Eckhause, J. & Massol, O.
Incentives for early adoption of carbon capture technology: further considerations from a European perspective

15/02 Zu, Y. & Boswijk, H. P.
Consistent nonparametric specification tests for stochastic volatility models based on the return distribution

15/01 Ungureanu, S.
Inefficient Reallocation, Loss Aversion and Prospect Theory

2014 discussion papers

14/10 Cubi-Molla, P. & Yaman, F.
A Fixed Effects Ordered Choice Model with Flexible Thresholds with an Application to Life-Satisfaction

14/09 Delaney, L. & Kovaleva, P.
The Effect of Hidden Liquidity on the Welfare of Market Order Traders

14/08 Jofre-Bonet, M. & Pesendorfer, M.
Optimal Sequential Auctions

14/07 Melina, G. & Villa, S.
Leaning Against Windy Bank Lending

14/06 Cantore, C., Levine, P. & Melina, G.
On Habit and Utility-Enhancing Government Consumption

14/05 Zu, Y. & Boswijk, H. P.
Estimating Spot Volatility with High-Frequency Financial Data

14/04 Porter, J., Iori, G., Gabbi, G. & Jafarey, S.
Financial Regulations and Bank Credit to the Real Economy

14/03 Temizsoy, A., Iori, G. & Montes-Rojas, G.
The Role of Bank Relationships in the Interbank Market

14/02 Ben-Gad, M.
Optimal Taxation of Asset Income with Endogenous Government Consumption: Theory, Estimation and Welfare

14/01 Massol, O. & Banal-Estañol, A.
Market power across the Channel: Are Continental European gas markets isolated?

2013 discussion papers

13/16 Cantore, C., Levine, P., Melina, G. & Pearlman, J.
Optimal Fiscal and Monetary Rules in Normal and Abnormal Times

13/15 Costantini, M., Fragetta, M. & Melina, G.
Determinants of Sovereign Bond Yield Spreads in the EMU: an Optimal Currency Area Perspective

13/14 Hatzopoulos, V., Iori, G., Mantegna, R. N., Micciche, S. & Tumminello, M.
Quantifying Preferential Trading in the e-MID Interbank Market

13/13 Levine, P., Pearlman, J. & Yang, B.
Imperfection Information, Optimal Monetary Policy and Informational Consistency

13/12 Cubi-Molla, P., De Vries, J. & Devlin, N.
A Study of the Relationship Between Health and Subjective Well-being in Parkinson's Disease Patients

13/11 Majewski, A. A., Bormetti, G. & Corsi, F.
Smile from the Past: a General Option Pricing Frameworkwith Multiple Volatility and Leverage Components

13/10 Montes-Rojas, G. & Galvao, A.
Informal Jobs and Trade Liberalisation in Argentina

13/09 Montes-Rojas, G. & Galvao, A.
Bayesian Endogeneity Bias Modeling

13/08 Boswijk, H. P. & Zu, Y.
Testing for Cointegration with Nonstationary Volatility

13/07 Ungureanu, S.
Dynamic Contracting under Permanent and Transitory Private Information

13/06 Auriol, E. & Mesnard, A.
Sale of Visas: a Smuggler's Final Song?

13/05 Djajic, S. & Mesnard, A.
Guest Workers in the Underground Economy

13/04 Yaman, F. & Taskin, A. A.
Homeownership and Unemployment Duration

13/03 Banal-Estanol, A., Jofre-Bonet, M. & Meissner, C.
The Double-Edged Sword of Industry Collaboration: Evidence from Engineering Academics in the UK

13/02 Cubi-Molla, P., Jofre-Bonet, M. & Serra-Sastre, V.
Adaptation to Health States: A Micro-Econometric Approach

13/01 Mainali, R. M., Jafarey, S. & Montes-Rojas, G.
Earnings and Social Background: An evaluation of caste/ethnic wage differentials in the Nepalese labor market

2012 discussion papers

12/10 Massol, O. & Tchung-Ming, S.
Joining the CCS Club! Insights from a Northwest European CO2 Pipeline Project

12/09 Ben-Gad, M.
On deficit bias and immigration

12/08 Iori, G. & Porter, J.
Agent-Based Modelling for Financial Markets

12/07 Goenka, A., Jafarey, S. & Pouliot, W.
Pollution, mortality and optimal environmental policy

12/06 Gabbi, G., Germano, G., Hatzopoulos, V., Iori, G. & Politi, M.
Market microstructure, bank's behaviour and interbank spreads

12/05 Kovaleva, P. & Iori, G.
Optimal Trading Strategies in a Limit Order Market with Imperfect Liquidity

12/04 Hatzopoulos, V. & Iori, G. 
Information theoretic description of the e-Mid interbank market: implications for systemic risk

12/03 Iori, G., Kapar, B. & Olmo, J.
The Cross-Section of Interbank Rates: A Nonparametric Empirical Investigation

12/02 Liudas Giraitis, George Kapetanios, Simon Price
Adaptive Forecasting in the presence of recent and ongoing structural change

12/01 Olivier Massol, Albert Banal-Estañol
Export diversification and resource-based industrialization: the case of natural gas

2011 discussion papers

11/10 Firat Yaman
The costs of adjusting labor: Evidence from temporally disaggregated data

11/09 Alexander M. Danzer, Firat Yaman
Ethnic concentration and language fluency of immigrants in Germany

11/08 Firat Yaman
Ethnic externalities and 2nd generation immigrants

11/07 Xeni Dassiou, D. Glycopantis
A tree formulation for signaling games

11/06 Laura Delaney, Jacco J.J. Thijssen
Valuing voluntary disclosure using a real options approach

11/05 Jane Eklund, George Kapetanios, Simon Price
Forecasting in the presence of recent structural change

11/04 Ibrahim Abada, Olivier Massol
Security of supply and retail competition in the European gas market: some model-based insights

11/03 Olivier Massol
A cost function for the natural gas transmission industry: further considerations

11/02 Burcu Kapar, Jose Olmo
The determinants of credit default swap spreads in the presence of structural breaks and counterparty risk

11/01 Giuseppe Coco, Giuseppe Pignataro
Perverse cross-subsidization in the credit market

2010 discussion papers

10/09 Werner Baer, Diego Margot, Gabriel Montes-Rojas
Argentina's Default and the Lack of Dire Consequences

10/08 Anil K. Bera, Antonio F. Galvao Jr., Gabriel V. Montes-Rojas, Sung Y. Park
Which Quantile is the Most Informative? Maximum Likelihood, Maximum Entropy and Quantile Regression

10/07 Tommaso Gabrieli, Antonio F. Galvao, Jr., Gabriel V. Montes-Rojas
Who benefits from reducing the cost of formality? Quantile regression discontinuity analysis

10/06 Gabriel V. Montes-Rojas
Nonparametric Estimation of ATE and QTE: An Application of Fractile Graphical Analysis

10/05 Giulia Iori and Gabriele Tedeschi
Herding Effects in Order Driven Markets: The Rise and Fall of Gurus

10/04 Tommaso Gabrieli
Diverse Societal Beliefs and Redistributive Policies, but Equal Welfare: The Trade-off Effect of Information

10/03 Andy Denis
A Century of Methodological Individualism Part 2: Mises and Hayek

10/02 Andy Denis
A Century of Methodological Individualism Part 1: Schumpeter and Menger

10/01 Joan Costa-Font and Mireia Jofre-Bonet
Body Image, Peer Effects and Food Disorders: Evidence from a Sample of European Women

2009 discussion papers

09/10 Jose Olmo, Keith Pilbeam and William Pouliot
Detecting the Presence of Informed Price Trading Via Structural
Break Tests


09/09 Jose Olmo
Extreme Value Theory Filtering Techniques for Outlier Detection

09/08 Nancy Devlin, Aki Tsuchiya, Ken Buckingham and Carl Tilling
A Uniform Time Trade Off Method for States Better and Worse than Dead: Feasibility Study of the 'Lead Time' Approach

09/07 Nancy Devlin, Aki Tsuchiya, Ken Buckingham and Carl Tilling
Does the Value of Quality of Life Depend on Duration?


09/06 Antonio F. Galvao, Jr. and Gabriel V. Montes-Rojas
Instrumental Variables Quantile Regression for Panel Data with Measurement Errors

09/05 Antonio F. Galvao, Jr., Gabriel V. Montes-Rojas and Jose Olmo
Threshold Quantile Autoregressive Models

09/04 Antonio F. Galvao, Jr., Gabriel V. Montes-Rojas and Sung Y. Park
Quantile Autoregressive Distributive Lag Model with an Application to House Price Returns

09/03 Nancy Devlin, David Parkin and John Browne
Using the EQ-5D as Performance Measurement Tool in the NHS

09/02 Michael Ben-Gad
The Two Sector Endogenous Growth Model: An Atlas

09/01 Esteban Jaimovich and Vincenzo Merella
The Role of Quality Ladders in a Ricardian Model of Trade

2008 discussion papers

08/15 Jose Olmo and William Pouliot
U-statistic Type Tests for Structural Breaks in Linear Regression Models

08/14 Albert Banal-Estañol, Mireia Jofre-Bonet and Cornelia Meissner
The Impact of Industry Collaboration on Academic Research Output: A Dynamic Panel Data Analysis

08/13 Albert Banal-Estañol and Inés Macho-Stadler
Commerical Incentives in Academia

08/12 Saqib Jafarey
Glass Slippers and Glass Ceilings: A Positive Analysis of Gender Inequality and Marriage

08/11 Jesus Gonzalo and Jose Olmo
Testing Downside Risk Efficiency Under Market Distress

08/10 David Parkin, Nigel Rice and Nancy Devlin
Statistical Analysis of EQ-5D Profiles: Does the Use of Value Sets Bias Inference?

08/09 Jose Olmo and William Pouliot
Early Detection Techiques for Market Risk Failure

08/08 Oscar Martinez and Jose Olmo
A Nonlinear Threshold Model for the Dependence of Extremes of Stationary Sequences

08/07 Michael Ben-Gad
Analyzing Economic Policy Using High Order Perturbations

08/06 Xeni Dassiou and Jon Stern
Infrastructure Contracts: Trust and Institutional Updating

08/05 Michael Ben-Gad, Yakov Ben-Haim and Dan Peled
Allocating Security Expenditures under Knightian Uncertainty: an Info-Gap Approach

08/04 Carl Chiarella, Giulia Iori and Josep Perelló
The Impact of Heterogenous Trading Rules on the Limit Order Book and Order Flows

08/03 Giulia Iori and Christophe Deissenberg
An Analysis of Settlement Risk Contagion in Alternative Securities Settlement Architectures

08/02 Ken Buckingham and Nancy Devlin
A note on the nature of utility in time and health and implications for cost utility analysis

08/01 Gabriel V. Montes-Rojas
Robust misspecification tests for the Heckman's two-step estimator

2007 discussion papers

07/16 María D. C. García-Alonso and Begoña García-Mariñoso
The strategic interaction between firms and formulary committees: Effects on the prices of new drugs

07/15 George Kapetanios, Vincent Labhard and Simon Price
Forecasting using Bayesian and information theoretic model averaging: an application to UK inflation

07/14 Javier Coto-Martinez and Juan C. Reboredo
The Relative Price of Non-traded Goods in an Imperfectly Competitive Economy: Empirical Evidence for G7 Countries

07/13 Antonio Estache, Beatriz Tovar and Lourdes Trujillo
Are African Electricity Distribution Companies Efficient?  Evidence from the Southern African Countries

07/12 Rui Carvalho and Giulia Iori.
Socioeconomic Networks with Long-Range Interactions

07/11 Jose Olmo and J. Carlos Escanciano.
Estimation risk effects on back testing for parametric value-at-risk models

07/10 Jose Olmo and Keith Pilbeam.
A Resolution of the Forward Discount Puzzle

07/09 Albert Banal-Estañol and Inés Macho-Stadler.
Financial Incentives in Academia: Research versus Development

07/08 María Marianela González and Lourdes Trujillo. 
Efficiency measurement in the Port industry: A survey of the empirical evidence

07/07 Antonio Estache, Ana Goicoechea and Lourdes Trujillo. 
Utilities reforms and corruption in developing countries

07/06 Federica Maiorano and Jon Stern.
Institutions and Infrastructure Investment in Low and Middle-Income Countries: The Case of Mobile Communications

07/05 Lourdes Trujillo and Beatriz Tovar.
The European Port Industry: An Analysis of its Economic Efficiency

07/04 Beatriz Tovar, Sergio Jara-Díaz and Lourdes Trujillo.
Econometric Estimation of Scale and Scope Economies Within the Port Sector: A Review

07/03 Antonio Estache, Marianela González and Lourdes Trujillo.
Government Expenditures on Education, Health and Infrastructure: A Naïve Look at Levels, Outcomes and Efficiency

07/02 Jesus Gonzalo and José Olmo.
The Impact of Heavy Tails and Comovements in Downside-Risk Diversification

07/01 José Olmo.
An Asset Pricing Model for Mean-Variance-Downside-Risk Averse Investors

2006 discussion papers

06/11 Albert Banal-Estañol and Marco Ottaviani.
Bank Mergers and Diversification: Implications for Competition Policy

06/10 Giulia Iori and Ovidiu V Precup.
Weighted Network Analysis of High Frequency Cross-Correlation Measures
06/09 Vanessa Mattiusi and Giulia Iori.
Currency Futures Volatility during the 1997 East Asian Crisis: An Application of Fourier Analysis

06/08 Giulia de Masi, Giulia Iori and Guido Caldarelli.
A Fitness Model for the Italian Interbank Money Market

06/07 Albert Banal-Estañol, Paul Heidhues, Rainer Nitsche and Jo Seldeslachts.
Merger Clusters during Economic Booms

06/06 M Zia Sadique and M Niaz Asadullah.
Identifying the effect of public health programs on child immunisation in rural Bangladesh

06/05 Sofia Dimakou, David Parkin, Nancy Devlin and John Appleby.
The impact of government targets on waiting times for elective surgery: new insights from time-to-event analysis

06/04 Marc Jeannin, Giulia Iori and David Samuel.
Modeling Stock Pinning

06/03 Giulia Iori, Roberto Reno, Giulia de Masi and Guido Caldarelli.
Trading strategies in the Italian Interbank Market


06/02 Andy Denis.
The hypostatisation of the concept of equilibrium in neoclassical economics

06/01 Jose Olmo.
A New family of Estimators for the Extremal Index

2005 discussion papers

05/06 Jafarey, Saqib and Lahiri, Sajal.
Developing Country borrowing from a monopolistic lender:  Strategic interaction and endogenous leadership

05/05 Iori, Giulia, de Masi, G, Precup, OV, Gabbi, G,and Caldarelli, G.
A network analysis of the overnight money market

05/04 Precup, Ovidiu V and Iori, G.
Cross-correlation measures in the High-Frequency Domain

05/03 Sadique Z, Edmunds W J, Devlin N, Parkin D.
Understanding individuals' decisions about vaccination: a comparison between Expected Utility and Regret Theory models

05/02 Garcia-Alonso M, Garcia Mariñoso B.
The relationship of drug reimbursement with the price and the quality of pharmaceutical innovations

05/01 Asteriou D, Cubbin J, Jones I, Metcalfe P, Paredes D, Van der Veer J-P.
The demand for long distance travel in Great Britain: some new evidence

2004 discussion papers

04/10 Coto-Martinez J, Gariga C and Sanchez-Losada F.
Optimal taxation with imperfect competition and increasing returns to specialization

04/09 Macedo, L.
Regulation, competition and ownership in electricity distribution companies: the effects on efficiency

04/08 Burridge, P., Gjorstrup, F. and Taylor, A.M.R.
Robust inference on seasonal unit roots via a bootstrap applied to OECD macroeconomic series

04/07 Buckingham, K, Devlin, N and Tabberer, M.
A theoretical framework for TTO valuations and a taxonomy of TTO approaches: results from a pilot study

04/06 Legrenzi G. and Milas C.
Non-linear adjustments in fiscal policy

04/05 Martin C. and Milas C.
Uncertainty and UK Monetary Policy

04/04 Cubbin J. and Stern J.
Regulatory effectiveness: The impact of good regulatory governance on electricity Industry capacity and efficiency in developing countries

04/03 Parkin D. and Devlin N. 
Is there a case for using Visual Analogue Scale valuations in Cost Utility Analysis?

04/02 Brisson M. and Edmunds J.
Valuing the benefit of varicella vaccination. a comparison of willingness to pay and Quality-Adjusted Life Years

04/01 Stern, J. and Cubbin, J.
Regulatory Effectiveness: The impact of regulation and regulatory governance arrangements on electricity industry outcomes: a review paper

2003 discussion papers

03/10 Denis, A.
Two rhetorical strategies of laissez-faire

03/09 Denis, A.
Collective and individual rationality: Robert Malthus's heterodox theodicy

03/08 Milas, C.
Non-linear multivariate adjustment of the UK real exchange rate

03/07 Choi, C.J., Dassiou, X., Maldoom, D.
Trade and Linked Exchange; Price Discrimination Through Transaction Bundling

03/06 Agiomirgianakis, G., Asteriou, D., Papathoma, K.
The Determinants of Foreign Direct Investment: A Panel Data Study for the OECD Countries

03/05 Madsen, J., Milas, C.
The Price-Dividend Relationship in Inflationary and Deflationary Regimes

03/04 Salies, E., Waddams-Price, C.
Pricing Structures in the Deregulated UK Electricity Market

03/03 Andriesz, E., Asteriou, D., Pilbeam, K.
The linkage between financial liberalisation and economic development: empirical evidence from Poland

03/02 Moffatt, P.G., Salies, E. 
A note on the modelling of hyper-inflations

03/01 Devlin, N.J., Parkin, D.
Does NICE have a cost effectiveness threshold and what other factors influence its decisions? A discrete choice analysis

Find us

City, University of London

Northampton Square

London EC1V 0HB

United Kingdom

Back to top

City, University of London is an independent member institution of the University of London. Established by Royal Charter in 1836, the University of London consists of 18 independent member institutions with outstanding global reputations and several prestigious central academic bodies and activities.