The Favourite‐Longshot Bias and Market Efficiency in UK Football bettingScottish Journal of Political Economy - Tập 47 Số 1 - Trang 25-36 - 2000
Michael Cain, David R. Law, David Peel
It is shown that the individual fixed‐odds betting market on UK football
exhibits the same favourite‐longshot bias as that found in horse‐racing. The
bias appears both in betting on results (home win, away win or draw) and in
betting on specific scores, and there are certain trading rules which appear to
be profitable. Poisson and Negative Binomial regressions are carried out to
estimate the mean ... hiện toàn bộ
TECHNOLOGY GAPS BETWEEN RICH AND POOR COUNTRIES*Scottish Journal of Political Economy - Tập 19 Số 3 - Trang 213-230 - 1972
Paul Streeten
SummaryWe have started by asking the question: why are there international
income inequalities? We have ascribed them to differences in applied productive
knowledge. This raised the question: why can productive knowledge be
communicated and diffused within an advanced nation but not between nations or
within underdeveloped nations? What are the obstacles to the international
diffusion of benefits?... hiện toàn bộ
SECTORAL EXCHANGE RATE PASS‐THROUGH: TESTING THE IMPACT OF POLICY REFORMS IN INDIAScottish Journal of Political Economy - Tập 53 Số 2 - Trang 280-303 - 2006
Sushanta Mallick, Helena Marqués
ABSTRACTThis paper analyses the impact of India's policy reforms on exchange
rate pass‐through into import and export prices, using panel data (at one‐digit
SITC level) for pre‐ (1980–90) and post‐reform (1991–2001) periods. While the
pass‐through into import prices has declined, the pass‐through into export
prices (in USD terms) has increased during the 1990s. The results suggest that,
relative t... hiện toàn bộ