• #### MARKET INFORMATION AND POTENTIAL INSOLVENCY OF AUSTRALIAN FINANCIAL INSTITUTIONS ﻿

Published 1985-07-01
Open Access
Working Paper
• #### Market Value Accounting in the Financial Service Sector ﻿

Published 1993-11-01
Open Access
Working Paper
• #### MARKETS FOR ILLICIT DRUGS ﻿

Published 1993-01-01
Open Access
Working Paper
• #### Markov-Switching Models with Evolving Regime-Specific Parameters: Are Post-War Booms or Recessions All Alike? ﻿

Published 2012-02-01
In this paper, we relax the assumption of constant regime-specific mean growth rates in Hamilton’s (1989) two-state Markov-switching model of the business cycle. We first present a benchmark model, in which each regime-specific ...
Open Access
Working Paper
• #### Marriage penalties, marriage, and cohabitation ﻿

Published 2011-09-01
I examine the effect of marriage penalties in the US income tax system on marital status. I construct a simulated instrument that exploits variation in the tax code over time and between US states to deal with potential ...
Open Access
Working Paper
• #### Matching Markets with Mixed Ownership: The Case for A Real-life Assignment Mechanism ﻿

Published 2010-09-01
We consider a common indivisible good allocation problem in which agents have both social and private endowments. Popular applications include student assignment to on-campus housing, kidney exchange, and particular school ...
Open Access
Working Paper
• #### Measuring Consumer Surplus with Unknown Hicksian Demands ﻿

Published 1995-06-01
The objective of this paper to introduce the Slutsky demand curve as a tool in welfare analysis. It is shown that the compensating or equivalent variation can in most cases be measured to within a fraction of a percent of ...
Open Access
Working Paper
• #### Measuring Underutilisation of Labour Beyond Unemployment Statistics ﻿

Published 1985-05-01
Open Access
Working Paper
• #### Medical Malpractice and Physician Liability Under a Negligence Rule ﻿

Published 2011-03-01
A model of costly medical malpractice claims, based on Bayes Rule, is developed to examine the effects of physicians being liable for actual damage under a negligence rule. This model is consistent with empirical evidence ...
Open Access
Working Paper
• #### Methodological Scepticism ﻿

Published 1984-07-01
Open Access
Working Paper
• #### THE MICRO-FOUNDATIONS OF LAYOFFS AND LABOUR-HOARDING ﻿

Published 1980-11-01
Open Access
Working Paper
• #### A Model of Exchange Rate Policy: Evidence for the US Dollar-Greek Drachma Rate 1975-1987 ﻿

Published 1990-08-01
Open Access
Working Paper
• #### A MODEL OF INCOME, UNEMPLOYMENT AND INFLATION FOR THE U.S.A. ﻿

Published 1991-02-01
This paper develops a simple three equation microeconomic model to explain the dynamics of output, unemployment and inflation for the U.S.A. The model is estimated, with the annual data, for 1946-1989. Insights gained ...
Open Access
Working Paper
• #### A Model of Product Differentiation and Profitability ﻿

Published 1987-12-01
The purpose of this paper is to develop a model of product differentiation in which there is an asymmetry. Some customers are easier to serve than others. It turns out that profits may be either positively or negatively ...
Open Access
Working Paper
• #### A Model of Share-Cropping with Interlinked Markets in a Dual Agrarian Economy ﻿

Published 1994-03-01
Two common features of poor agrarian economies widely discussed in the literature on peasant economies are the sharecropping tenurial system and the interlinkage between land, labour and credit markets. This paper constructs ...
Open Access
Working Paper
• #### Modeling Changes in Daily $A Exchange Rates: An Application of GARCH ﻿ Published 1995-06-01 This paper examines the statistical properties of the logarithmic changes in daily$A exchange rates. For all five exchange rates considered, changes exhibit volatility clustering and highly significant non-linear serial ...
Open Access
Working Paper
• #### Modelling asset correlations: A nonparametric approach ﻿

Published 2011-01-01
This article proposes a time-varying nonparametric estimator and a time-varying semiparametric estimator of the correlation matrix. We discuss representation, estimation based on kernel smoothing and inference. An extensive ...
Open Access
Working Paper
• #### MODELLING RATIONAL CONFLICT: THE LIMITS OF GAME THEORY ﻿

Published 1990-02-01
Open Access
Working Paper
• #### Modelling the US$/A$ Exchange Rate Using Cointegration Techniques ﻿

Published 1996-09-01
Recent evidence indicates that Australia's real effective exchange rate, its terms of trade and a long-term real interest rate differential form a cointegrating relationship. This paper uses this evidence to analyse the ...
Open Access
Working Paper
• #### A Monetary Explanation of Distribution in a Gold Money Economy ﻿

Published 1995-12-01
A monetary explanation of distribution consists of the conception that the distribution of income between wages and profits is primarily determined by the money rate of interest on the basis as an institutionally determined ...
Open Access
Working Paper