$Description: Description: C:\Documents and Settings\td21\My Documents\crieff\greatbrit-clear$ CRIEFF Discussion Papers

CRIEFF Discussion Papers have been assigned ISSN number: 1364-453X

Copies of CRIEFF Discussion Papers by bona fide academic users may be obtained from:
Mrs Angela Hodge, Secretary, Department of Economics, University of St. Andrews, St. Salvator's College, St. Andrews, Fife KY16 9AL, Scotland, UK. It is now possible to obtain some of our papers electronically from http://econpapers.repec.org/

Phone: (+44)(0)1334 462443
Fax: (+44)(0)1334 462444
e-mail: ah33@st-andrews.ac.uk

For non-academic users there will be a charge of seven pounds (sterling) per copy of Discussion Paper, and bulk purchases may be negotiated if desired.

The following is a list of CRIEFF Discussion Papers. The first two digits of the number refer to the year in which the paper was published. Abstracts are given for some of the papers. Downloadable papers are marked with a (!)

2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

2000 1999 1998 1997 1996 1995 1994 1993 1992

2011

1103: ! World Wine Exports: What Determined the Success of the ‘New World’ Wine Producers?
Osiris Jorge Parcero (Research Affiliate CRIEFF, University of St. Andrews), Emiliano Villanueva (Research Affiliate AUIV, International Organization of Vine and Wine).
1101: ! On Measuring the Efficiency of Monetary Policy
Walter Briec (Universite de Perpignan), Emmanuelle Gabillon (Universite Montesquieu), Laurence Lasselle (Universilty of St. Andrews) and Hermann Ratsimbanierana (Universite de Perpignan).

2010

1009: ! Using Effluent Charges in Promoting Investment in Water Pollution Control Technology: A Model of Coordination Failure among Firms
Geethanjali Selvaretnam (Universilty of St. Andrews) and Kannika Thampanishvong (Universilty of St. Andrews)
1008: ! R&D Subsidies, Spillovers and Privatization in Mixed Markets
Maria José Gil-Moltó (Universilty of Leicester), Joanna Poyago-Theotoky (Loughborough University) and Vasileios Zikos (University of Surrey)
1007: ! Optimal contracting with private information on cost expectation and variability
Daniel Danau (University of St. Andrews) Annalisa Vinella (University of Bari)
1006: ! Enhancing Interns’ Aspirations towards the Labour Market through Skill-Acquisition: The Second Chance Schools Experience
Fabio Aricò (University of St. Andrews) and Laurence Lasselle (University of St. Andrews )
1002: ! Moody choice
Paola Manzini (University of St. Andrews) and Marco Mariotti (University of St. Andrews)
1001: ! Financial Distress in Chinese Industry: Microeconomic, Macroeconomic and Institutional Influences
Arnab Bhattacharjee (University of St. Andrews) and Jie Han (University of St. Andrews)

2009

0913: ! Growth and Survival Determinants of Chinese Private Firms: Fieldwork evidence and econometric estimates
Gavin C Reid (University of St. Andrews) and Zhibin Xu
0911: ! Multi-agent contracting with countervailing incentives and limited liability
Daniel Danau (University of St. Andrews) and Annalisa Vinella (University of Bari)
0910: ! Pricing and Hedging of Asian Options: Quasi-Explicit Solutions via Malliavin Calculus
Zhaojun Yang (University of Hunan), Christian-Oliver Ewald (University of Sydney) and Olaf Menkens (Dublin City University)
0908: ! Avoidance Policies – A New Conceptual Framework
David Ulph (University of St Andrews)
0907: ! Entrepreneurial Orientation, Intangible Assets and Firm Growth: the impact of ‘Spirit and Material’ on the growth of Chinese private firms
Gavin C Reid (CRIEFF, University of St Andrews) and Zhibin Xu (Standard Chartered Bank, China)
0906: ! The Estimation of Technical Efficiency Effects Models with an Example Applied to the Thai Manufacturing Sector
Suwanee Arunsawadiwong (Ministry of Foreign Affairs, Bangkok) and Gavin C Reid (CRIEFF, University of St Andrews)
0905: ! Are Two Tax Rates Better Than One?
Felix R. FitzRoy (University of St. Andrews) and Jim Y. Jin (University of St. Andrews)
0903: ! The Age Effect in Entrepreneurship: Founder’s Tenure, Firm Performance, and the Economic Environment
Marco Cucculelli (Faculty of Economics “Giorgio Fuà” - Marche P. University) and Giacinto Micucci (Bank of Italy – Ancona)
0902: ! Social welfare versus inequality aversion in an incomplete contract experiment
Marco Faravelli (University of St. Andrews), Oliver Kirchkamp(University of Jena), Helmut Rainer (University of St. Andrews)
0901: ! Unintended Consequences of Welfare Reform: The Case of Divorced Parents
Marco Francesconi (University of Essex), Helmut Rainer (University of St. Andrews) Wilbert van der Klaauw (Federal Reserve Bank of New York)

2008

0811: ! Social Networks in Determining Migration and Labor Market Outcomes: Evidence from the German Reunification
Helmut Rainer, (University of St.Andrews), Thomas Siedler (DIW Berlin and University of Essex)
0810: ! Value Ambiguity and Gains fro Acquisitions of Unlisted Targets
Leonidas Barbopoulos, (University of St.Andrews), Krishna Paudyal (Durham Business School), Gioia Pescetto (University of Durham)
0806: ! Why is it so Hard to Value Intangibles? Evidence from Investments in High-Technology Start-Ups
Gavin C Reid (University of St Andrews) and Julia A Smith (University of Strathclyde Business School)
0805: ! Financial centres in peripheral regions: the effect of the financial services industry on regional economy - the case of the Scottish Financial cluster
Mikel Larreina (Universidad Comercial de Deusto)
0804: ! Firms in Scottish High Technology Clusters: software, life sciences, microelectronics, optoelectronics and digital media – preliminary evidence and analysis on firm size, growth and optimality.
Gavin C Reid (University of St. Andrews), Vandana Ujjual (SPRU, University of Sussex)
0803: ! On the Qualitative Effect of Volatility and Duration on Prices of Asian Options.
Peter Carr (New York University), Christian-Oliver Ewald (University of St. Andrews), Yajun Xiao (University of Frankfurt)
0802: ! The Important Thing Is not (Always) Winning but Taking Part: Funding Public Goods with Contests.
Marco Faravelli (University of St. Andrews)

2007

0716: ! Analysis into IPO Underpricing and Clustering in Hong Kong Equity Market.
Yongyuan Qiao (University of St. Andrews)
0714: ! A Prize to Give for: An Experiment on Public Good Funding Mechanisms.
Luca Corazzini (University of East Anglia), Marco Faravelli (University of St. Andrews), Luca Stanca (University of Milan Bicocca)
0713: ! Option Pricing When the Regime-Switching Risk is Priced.
Tak Kuen Siu (Heriot-Watt University), Hailiang Yang Unim (Hong Kong University), and John W Lau (Bristol University)
0711: ! The Equity Premium: 100 Years of Empirical Evidence from the UK.
Andrew Vivian (University of St. Andrews)
0710: ! A closed-form solution to the continuous-time consumption model with endogenous labor income.
Aihua Zhang (Department of Financial Mathematics, Fraunhofer Institut Techno- und Wirtschaftsmathematik)
0709: ! The Effects of In-Work Benefit Reform in Britain on Couples: Theory and Evidence
Marco Francesconi (University of Essex), Helmut Rainer (University of St. Andrews) Wilbert van der Klaauw (Federal Reserve Bank of New York)
0706: ! Detecting a cluster in a region without complete statistical data, using Input-Output analysis: The case of the Rioja wine cluster
Mikel Larreina (Universidad Comercial de Deusto)
0703: ! Banks, depositors and liquidity shocks: long term vs. short term interest rates in a model of adverse selection
Geethanjali Selvaretnam (University of St. Andrews)
0702: ! The Equity Premium: UK Industry Evidence
Andrew Vivian (University of St. Andrews)
0701: ! Practitioner Views on Financial Reporting for Smaller Entities
Gavin C Reid (University of St Andrews) and Julia A Smith (University of Strathclyde Business School)

2006

0613: ! Competitiveness and Conjectural Variation in Duopoly Markets
Jim Jin (University of St Andrews) and Osiris J. Parcero (University of St Andrews)
0612: ! Explaining International Soccer Rankings
Peter Macmillan (University of St Andrews) and Ian Smith (University of St Andrews)
0610: ! The Hidden Surplus From Research Joint Ventures: An Application Of Systems Reliability Theory
Manfredi M.A. La Manna (University of St. Andrews),
0609: ! Expectations in first-price auctions
Oliver Kirchkamp (University of St. Andrews), Philipp Reiß (University of Magdeburg, Faculty of Economics and Management)
0608: ! Do fiscal variables affect fiscal expectations? Experiments with real world and lab data
Michele Bernasconi,(University of Insubria), Oliver Kirchkamp (University of St. Andrews), Paolo Paruolo (University of Insubria).
0607: ! Less fighting than expected — experiments with wars of attrition and all-pay auctions
Oliver Kirchkamp (University of St. Andrews)
0606: ! Another explanation for overbidding and another bias for underbidding in first-price auctions
Oliver Kirchkamp (University of St. Andrews), Philipp Reiß (University of Magdeburg, Faculty of Economics and Management)
0605: ! Outside options: Another reason to choose the first-price auction
Oliver Kirchkamp (University of St. Andrews), Eva Poen (University of Nottingham), Philipp Reiß (University of Magdeburg, Faculty of Economics and Management)
0601: ! Inter-jurisdiction Subsidy Competition for a New Production Plant: What is the Central Government Optimal Policy?
Osiris J. Parcero (University of St. Andrews)

2005

0519: ! Estimation of Spatial Weights Matrix in a Spatial Error Model, with an Application to Diffusion in Housing Demand.
Arnab Bhattacharjee (University of St. Andrews) and Chris Jensen-Butler (University of St. Andrews)
0516: ! Price and Output Comparison under Alternative Duopoly Structures.
Jim Jin (University of St Andrews), Tatiana Damjanovic (University of St Andrews) and Osiris J. Parcero (University of St Andrews)
0513: ! O Brother, Where Art Thou? The Effects of Having a Sibling on Geographic Mobility and Labor Market Outcomes.
Helmut Rainer (University of St. Andrews) and Thomas Siedler (University of Essex)
0512: ! Gender Discrimination and Efficiency in Marriage: the Bargaining Family under Scrutiny.
Helmut Rainer (University of St. Andrews)
0511: ! Can macroeconomic variables explain long term stock market movements? A comparison of the US and Japan.
Andreas Humpe (CRIEFF, University of St Andrews) and Peter D. Macmillan (University of St Andrews)
0510: ! Venture Capital Investor Behaviour in the Backing of UK High Technology Firms: Financial Reporting and the Level of Investment
Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff Business School)
0509: ! A Test of Real Options Logic
Bernadette Power (University College Cork) and Gavin C. Reid (University of St. Andrews)
0508: ! A Model of Regional Housing Markets in England and Wales
Arnab Bhattacharjee (University of St. Andrews), Chris Jensen-Butler (University of St. Andrews)
0507: ! Independents Abroad: the pursuit of expansion by independent oil companies into non-traditional petroleum countries
Gavin C. Reid (University of St. Andrews), Torcail M. Stewart (University of St. Andrews)
0506: ! Does More Progressive Tax Make Tax Discipline Weaker?
Tatiana Damjanovic (University of St. Andrews)
0505: ! A Simple Proof of Lorenz Dominance Criterion
Tatiana Damjanovic (University of St. Andrews)
0504: ! On the Possibility of Pareto-improving Pension Reform
Tatiana Damjanovic (University of St. Andrews)
0503: ! Realities of Long-Term Post Investment Performance for Venture-Backed Enterprises
Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff University)
0502: ! Models of Firm Dynamics and the Hazard Rate of Exits: Reconciling Theory and Evidence using Hazard Regression Models
Arnab Bhattacharjee (University of St. Andrews)

2004

0411: ! South Sea Company Subscription Shares and Warrant Values in 1720
Gary S. Shea (University of St. Andrews)
0410: ! Rational Pricing of Options during the South Sea Bubble: Valuing the 22 August 1720 Options
Gary S. Shea (University of St. Andrews)

0409: ! Do Foreign Firms Really Pay Higher Wages? : Evidence from Different Estimators
Pedro S. Martins (University of St Andrews) & (University of Warwick)

0404: ! Firm-Level Social Returns to Education
Pedro S. Martins (University of St. Andrews) & (University of Warwick)

0402: ! A Coevolutionary Analysis of Organisational Systems and Processes: Quantitative applications to information system dynamics for small entrepreneurial firms in Scotland
Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff University)

2003

0311: ! Endogenous R&D Spillovers and Locational Choicewith discriminatory pricing
Claudio Piga (University of Nottingham), Joanna Poyago-Theotoky (University of St. Andrews)
0310: ! Endogenous R&D Spillovers and Locational Choice
Claudio Piga (University of Nottingham), Joanna Poyago-Theotoky (University of St. Andrews)

0307: ! Performance, Firm Size and the Heterogeneity of Competetive Strategy for Long-lived Small Firms: A Simultaneous Equations Approach
Bernadette Power (University College Cork) and Gavin C. Reid (University of St. Andrews)

0306: ! Co-evolution of Information Systems in Fast-Growing Small Firms
Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff University)
0303: ! Production and Hedging Decisions in the Presence of Basic Risk: Note
Moavia Alghalith (University of St. Andrews)
0302: ! Estimation and Econometric Tests Under Simultaneous Price and Output Uncertainty
Moavia Alghalith (University of St. Andrews)
0301: ! Empirical Analysis under Additive/Multiplicative Output Uncertainty
Moavia Alghalith (University of St. Andrews)

2002

0214 : ! Unique Equilibrium in a Currency Crisis Model with Heterogeneous Agents
Gerald Pech (University of St. Andrews)
0213: ! The Role of Beliefs for the Sustainability of the Fiscal Constitution
Bernhard Neumaerker (Ruhr-University Bochum) and Gerald Pech (University of St. Andrews)
0210: ! The Derived Demand with Hedging Cost Uncertainty in the Futures Markets:
Note and Extensions Moavia Alghalith (University of St. Andrews)
0209: ! The Choice Between Multiplicative and Additive Output Uncertainty
Aredishir J. Dalal (Northern Illinois Univerisity) and Moavia Alghalith (University of St. Andrews)
0208: ! Competitive Firm Behaviour With Simultaneous Price and Output Uncertainty
Aredishir J. Dalal (Northern Illinois Univerisity) and Moavia Alghalith (University of St. Andrews)
0207: ! Turbulence, Flexibility and Performance of the Long-lived Small Firm
Bernadette Power (University College Cork) and Gavin C. Reid (University of St. Andrews)
0206: ! Investor Conduct Towards New High Technology Firms: UK Evidence on How Risk is Managed Gavin C. Reid (University of St. Andrews)
0205: ! Investor and Investee Conduct in the Risk Appraisal of High Technology New Ventures in the UK Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff Business School)
0203: ! Basic Wages and Firm Characteristics: Rent-sharing in Frensh Manufacturing Fathi Fakhfakh (Universite de Paris II) and Felix FitzRoy (University of St. Andrews)

2001

0115: ! Government Formation, Budget Negotiations and Re-election Uncertainty: The Cases of Minority and Majority Coalition Governments Gerald Pech (University of St. Andrews)
0113: ! Why Does the Government Obey the Constitution? Theory and Application to Tax Evasion K.J. Bernhard Neumaerker (Ruhr-University Bochum) and Gerald Pech (University of St. Andrews)
0107: ! How do Venture Capitalists Handle Risk in High-Technology Ventures? - some preliminary results Gavin C. Reid (University of St. Andrews) and Julia A. Smith (Cardiff Business School)
0106: Incentives, Cooperation and Multiple Equilibria in The Firm Felix FitzRoy (University of St. Andrews)
0105: ! Flexibility in the Small Firm: the dynamics of market re-positioning and scale adjustment in the early stages of the life cycle Gavin C Reid (Director, CRIEFF)

0104: Cointegrating Relationships between Stock Market Indices and Economic Activity: Evidence from US Data David G. McMillan (University of St. Andrews)

0103: Non-Linear Error Correction in Spot and Forward Exchange Rates David G. McMillan (University of St. Andrews) and Angela J. Black (University of Aberdeen)

2000

0025: ! How Well Does the Market Allocate Entrepreneurs? Baochun Peng (University of St. Andrews)
0024: ! Is Entrepreneurship Always Good for Growth? Baochun Peng (University of St. Andrews)
0023: ! Deficits, Coalition Effects and the Timing of Decisions Gerald Pech (May Wong Smith Fellow, CRIEFF)
0022: ! The Course of the Exchange: Measuring and Interpreting Returns Process in 18th and Early 19th Century Britain Gary S. Shea (CRIEFF)
0018: Reversing the Keynesian Asymmetry: In a Quasi-Competitive Industry with Menu Costs Nominal Prices are More Flexible Downward than Upward John Bennet (Brunel University) and Manfredi M.A. La Manna (CRIEFF)
0012: On The Existence of A Cournot Equilibrium With Endogenous Income Laurence Lasselle (CRIEFF)and Serge Svizzero (CERESUR, Université de la Réunion)
0011: Imperfectly Competitive Business Cycles With Underemployment Laurence Lasselle (CRIEFF)and Serge Svizzero (CERESUR, Université de la Réunion)
0009: ! Free Trade, Business Strategy and Globalization Gavin C. Reid (Director, CRIEFF)
0008: Involuntary Unemployment in Imperfectly Competitive General Equilibrium Models Laurence Lasselle (CRIEFF) and Serge Svizzero (CERESUR, Université de la Réunion)
0006: Self-Employment Wealth and Job Creation: The Roles of Gender, Non-Pecuniary Motivation and Entrepreneurial Ability Andrew E. Burke (University of Edinburgh), Felix R. FitzRoy (CRIEFF) and Michael A. Nolan (University of St. Andrews)
0003: Employment and Wage Adjustment: Insider and Outsider Control in a Polish Privatization Panel Study Atanas Christev (Kansas State University) and Felix FitzRoy (CRIEFF)
0002: ! Information System Development in the Small Firm Gavin C. Reid (Director, CRIEFF)

1999

9921: Monopsony, Efficiency Wages and Minimum Wages Felix R. FitzRoy (CRIEFF)
9920: High-Technology Employment and R&D in Cities: Heterogeneity vs Specialization Zoltan J. Acs (University of Baltimore), Felix FitzRoy (CRIEFF) and Ian Smith (University of St. Andrews)
9918: ! The Impact of Contingencies on Information System Development Gavin C. Reid (Director, CRIEFF) and Julia A. Smith (University of Cardiff)
9917: Interlocked Contracts Susanna Sällström (CRIEFF)
9916: Return-Volume Dynamics in UK Futures David McMillan (St. Andrews) and Alan Speight (University of Wales, Swansea)
9915: ! Accounting for Risk: developing a new research agenda for risk appraisal in high technology ventures Gavin C Reid (Director, CRIEFF) and Julia A. Smith (University of Oxford)
9913: The Production Franchise: An Unstable Organizational Choice Bruno Versaevel (Academic Visitor, CRIEFF, Ecole de Management de Lyon)
9912: Management Accounting in Activity Networks James S. Jordan (Visiting Professor, CRIEFF, The Pennsylvania State University)
9911: ! Information and the Small Firm Gavin C. Reid (Director, CRIEFF)
9910: Loyalty, Price Seeking and Protective Consumer Legislation Susanna Sällström (CRIEFF)
9908: A Framework for Addressing Hypotheses Concerning Information System Development in Small Firms Gavin C. Reid (Director, CRIEFF), Falconer Mitchell (University of Edinburgh) and Julia A. Smith (University of Oxford)
9907: Measures of Job Flow Dynamics in the U.S. Economy Zoltan J. Acs (Visiting Professor, CRIEFF, University of Baltimore, U.S. Bureau of the Census), Catherine Armington (U.S. Bureau of the Census) and Alicia Robb (U.S. Small Business Administration, University of North Carolina at Chapel Hill)
9906: Product Variety and Economic Growth-Empirical Evidence for the OECD Countries. Michael Funke (Hamburg University, Visiting Professor, CRIEFF) and Ralf Ruhwedel (Hamburg University)
9905: ! Information System Development in the Small Firm: tests of contingency, agency and markets & hierarchies approaches. Gavin C Reid (CRIEFF) and Julia A Smith (University of Oxford)
9904: Entry and Unemployment in a Union-Oligopoly Model. Laurence Lasselle (CRIEFF)and Serge Svizzero (CERESUR, Université de la Réunion)
9903: Regional Economic Inequality, Growth Theory and Technological Change. Eduardo Anselmo de Castro (Universidade de Aveiro, Portugal) and Chris Jensen-Butler (St. Andrews)

1998

9824: A Note on the Dynamic Study of an OG Model with Competition à la Cournot. Laurence Lasselle (CRIEFF)
9823: Involuntary Unemployment and Income Feedback Effects. Laurence Lasselle (CRIEFF) and Serge Svizzero (CERESUR, Université de la Réunion)
9822: Underemployment and Feedback Effects in an Overlapping Generations Model. Laurence Lasselle (CRIEFF) and Serge Svizzero (CERESUR, Université de la Réunion)
9821: Flexible Technology and Informative Experiments. Susanna Sällström (CRIEFF)
9820: Fashion and Sales. Susanna Sällström (CRIEFF)
9818: ! New Business, New Life: A Perspective on Business and Economics, with Illustrations from Small Business Inception. Gavin C Reid (CRIEFF).
9817: Quality Conscious Customers give rise to Non-Decreasing Prices. Susanna Sällström (CRIEFF).
9813: Temporal Aggregation, Volatility Components and Volume in High Frequency UK Bond Futures. David G McMillan (St. Andrews) and Alan EH Speight (Wales, Swansea).
9812: Strategy Processes for Success. Julia A. Smith (CRIEFF).
9811: ! Making Small Firms Work: Policy Dimensions and the Scottish Context. Gavin C. Reid (CRIEFF).
9810: ! The Application of Principal-Agent Methods to Investor-Investee Relations in the UK Venture Capital Industry. Gavin C. Reid (CRIEFF).
9808: Multiperson Bargaining and Strategic Complexity. Kalyan Chatterjee (The Pennsylvania State University, Visiting Professor, CRIEFF) and Hamid Sabourian (Cambridge).
9807: Co-Determination and Efficiency. Feliz R. FitzRoy (CRIEFF) and Kornelius Kraft (University of Essen).
9805: From Walrasian Oligopolies to Natural Monopoly: an Evolutionary Model of Market Structure. Carlos Alos-Ferrer (University of Alicante), Ana B Ania (University of Alicante) and Fernando Vega-Redondo (University of Alicante; Visiting Professor, CRIEFF).
9804: Commodity Balance and Interregional Trade: Make and Use Approaches to Interregional Modelling. Bjarne Madsen (Institute of Local Government Studies, Denmark) and Chris Jensen-Butler (CRIEFF).
9802: Season Tickets and the Demand for Public Transport. Felix R FitzRoy (CRIEFF) and Ian Smith (St. Andrews).
9801: Modelling the Risk Premium in the Black-Market Zloty-Dollar Exchange Rate. David G McMillan (St. Andrews) and Alan E H Speight (University of Wales, Swansea).

1997

9727: Technological Progress and the Chamberlin Effect. Susanna Sällström (CRIEFF).
9726: Endogenous Fluctuations in an OLG Model with Production. Laurence Lasselle (CRIEFF) and W. Briec (University of Rennes, France).
9725: Real Exchange Rates and Manufactured Exports: A Study of India's Exports to the USA. Bishnupriya Gupta (St. Andrews) and Amit S Ray (Jawajarlal Nehru University, India).
9724: Passenger Rail Demand in 14 Western European Countries: A Comparative Time Series Study. Felix R. FitzRoy (St. Andrews) and Ian Smith (St. Andrews).
9723: Entrepreneurial Choice and Performance: A Re-Appraisal of Liquidity and Human Capital Constraints. Andrew E. Burke (CRIEFF, St. Andrews), Felix R FitzRoy (St. Andrews) and Michael A Nolan (St. Andrews).
9722: ! Dynamics of Small Business Financial Structure. Gavin C. Reid (CRIEFF, St. Andrews).
9721: ! Small Firms' Actions and their Survival Probabilities. Gavin C. Reid (CRIEFF, St. Andrews).
9720: Passenger Rail Transport: Demand and Quality in a European Panel. Felix R. FitzRoy (St. Andrews) and Ian Smith (St. Andrews).
9716: Accounting for Growth: Strategic Financial Management in the New Small Firm. Julia A. Smith (CRIEFF, University of St. Andrews).
9715: Legal Structure, Strategic Regulation and Dividing the Spoils from R&D in Intellectual Property. Andrew E. Burke (CRIEFF, University of St. Andrews).
9714: Free Enterprise and Labour Law: The Case of the Employee Termination and Managerial Rights in the United States. Matthias Beck (University of St. Andrews).
9712: ! The Development and Survival of New Small Businesses: Empirical Evidence for Scotland 1994-97. Gavin C. Reid (CRIEFF, University of St. Andrews).
9711: The Behaviour and Performance of Young Micro Firms: Evidence from New Businesses in Scotland. Julia A Smith (CRIEFF, University of St. Andrews).
9708: In Search of Spillover Effects in WeSt. German Manufacturing. Felix FitzRoy (CRIEFF, University of St. Andrews), Michael Funke (Hamburg University) and Holger Strulik (Hamburg University).
9707: Contesting Contestability and the Efficiency of Wages. Andrew E. Burk (CRIEFF) and Theodore To (University of St. Andrews).
9706: The International Tea Cartel in the Great Depression: The Response of Firms in India and Ceylon. Bishnupriya Gupta (University of St. Andrews).
9705: Informal Insurance Arrangements in Village Economies. Ethan Ligon (University of California, Berkeley and Giannini Foundation), Jonathan P. Thomas (CRIEFF visitor and University of Warwick) and Tim Worrall (Keele University).
9704: Dynamic Efficiency in a Two-Sector Overlapping Generations Model. Partha Sen (CRIEFF visitor and Delhi School of Economics).
9703: Asset Bubbles in a Monopolistically Competitive Macro Model. Partha Sen (CRIEFF visitor and Delhi School of Economics).

1996

9621: The Law and Economics of Dismissal Regulation - A Comparative Analysis of the US and UK Systems. Matthias Beck (University of St. Andrews).
9620: Hysteresis, the Phillips Curve and the Costs of Monetary Union. David Cobham (University of St. Andrews) and Steve Williams (CRIEFF, University of St. Andrews; and Central Queensland University, Australia).
9618: ! What Makes a New Business Start-Up Successful? Gavin C. Reid (CRIEFF, University of St. Andrews) and Julia A. Smith (CRIEFF).
9616: ! Venture Capital Supply and Accounting Information System Development. Falconer Mitchell (University of Edinburgh), Gavin C. Reid (CRIEFF, University of St. Andrews) and Nicholas G. Terry (University of Edinburgh).
9612: A Synthesis of Recent Advances in the Economics of Entrepreneurship and Industrial Organisation from the Perspective of Competition Policy. Andrew E. Burke (May Wong Smith Fellow, CRIEFF).
9610: Competition Law and Using Prices to Assess Firm Conduct: Some Conceptual Omissions. Andrew E. Burke (May Wong Smith Fellow, CRIEFF).
9608: Dynamic Externalities and Policy Coordination. Leonard J. Mirman (Visiting Professor, CRIEFF; and University of Virginia) and Manjira Datta (Arizona State University).
9607: ! Capital Structure at Inception and the Short-Run Performance of Micro-Firms. Gavin C Reid (St. Andrews).
9606: Wages and International Price Competitiveness: Germany vs UK. Felix R. FitzRoy (St. Andrews) and Michael Funke (Hamburg University and London Business School).
9520: Enterprise and Irish Economic Performance: Data Regularities and Issues for Research. Andrew E. Burke (CRIEFF, St. Andrews).

1995

9516: How Effective are International Copyright Conventions in the Music Industry? Andrew E. Burke (CRIEFF, St. Andrews).
9514: Absolute and Relative Measures of Time-varying Risk Premia and the Predictability of Stock Returns. Angela J. Black (St. Andrews).
9513: Risk and Evolution. Theodore To (St. Andrews).
9512: Corporate Finance in Developing Countries: New Evidence for India. David Cobham (St. Andrews) and Ramesh Subramaniam (CRIEFF and Yale).
9511: The Hidden Deregulation of Britain's Oil Industry. Matthias Beck (St. Andrews) and Charles Woolfson (Glasgow).
9509: Variety and quality competition in a horizontal differentiation model: a welfare analysis. Frank J. Bunte (Academic Visitor, St. Andrews).
9508: Deregulation and the Demand for Scottish Bus Transport. Campbell G Cowie (Brunel) and Felix R. Fitzroy (St. Andrews).
9505: ! Risk Management in Venture Capital Investor-Investee Relations. Gavin C Reid (St. Andrews), Nicholas G. Terry (Edinburgh), Julia A Smith (St. Andrews).
9504: The Paradox of the Prescription Charge: Co-Payments in British Pharmaceuticals. Gwendolyn Morrison (May Wong Smith Fellow) and W. Duncan Reekie (Visiting Professor).
9502: Irreversible Indifference Curves, Reference Points, and the Practice of Eliciting Preferences from the Public. Gwendolyn C. Morrison (May Wong Smith Fellow).

1994

9426: ! Limits to a Firm's Rate of Growth: the Richardsonian View and its Contemporary Empirical significance. Gavin C. Reid.
9424: Post Investment Demand for Accounting Information by Venture Capitalists. Gavin C. Reid (St. Andrews), Falconer Mitchell (Edinburgh), Nicholas Terry (Edinburgh).
9423: Values, Utilities, HYEs, and QALYs. Gwendolyn C. Morrison (May Wong Smith Fellow).
9422: Skills, Wages and Employment in Eastern and Western Germany. Felix R. Fitzroy (St. Andrews), Michael Funke (Humboldt-University Berlin).
9421: ! Fast Growing Small Entrepreneurial Firms and their Venture Capital Backers: An Applied Principal-Agent Analysis. Gavin C. Reid.
9420: Disaggregated Investment and Corporate Performance: Evidence from a Panel of UK Firms. Felix R. Fitzroy (St. Andrews), Sandeep Bhargava (York).
9417: High Technology Employment and University R&D Spillovers: Evidence from US Cities. Felix R.Fitzroy (St. Andrews), Ian Smith (St. Andrews), Zoltan Acs (Baltimore).
9416: Willingness to Pay and Willingness to Accept: have the differences been resolved? Gwendolyn C. Morrison (May Wong Smith Fellow).
9415: ! Gender Bias in India: Parental Preferences or Marriage Costs? Martin Browning (McMaster University), Ramesh Subramaniam (St. Andrews).
9413: Contracting out in Scotland: a Pilot Study. Antony W Dnes.
9412: ! Quality of Patenting in the UK Scientific Instruments Industry: Database Construction.Gavin C. Reid (St. Andrews), Pamela A. Siler (Dundee Institute of Technology), Julia A. Smith (St. Andrews).
9410: ! Early Life-Cycle Behaviour of Micro-Firms in Scotland. Gavin C. Reid.
9408: Capital-Skill Complementarity in West German Manufacturing. Felix R. Fitzroy (St. Andrews), Michael Funke (Humboldt-University Berlin and LBS).
9407: Consistency Within and Between Methods of Health Status Valuation: A Within Subject Examination of the Willingness to Pay and Standard Gamble Methods. Gwendolyn C. Morrison (May Wong Smith Fellow).
9406: A Theory of Remittances. Ramesh Subramaniam (Stanley Smith Fellow).
9403: Gender-Bias in Intra-Household Allocation: The Importance of Household Fixed Effects. Ramesh Subramaniam (Stanley Smith Fellow).
9402: Franchising, Externality and Dual Distribution. Anthony W. Dnes.
9401: Game-Theoretic Aproaches. John Beath (St. Andrews), Yannis Katsoulacos (Athens) and David Ulph (University College, London).

1993

9319: Discrimination, Segregation and Firm Effects: Some UK Microevidence. Felix R. Fitzroy (St. Andrews) and Melanie Ward (SDPE, Glasgow).
9315: US High Technology Clusters. Zoltan J. Acs (May Wong Smith Fellow).
9312: Coordination Failure and Multiple Equilibria in the Firm. Felix R. Fitzroy.
9310: Corporate Research and Development in the UK: Spillovers and Credit Market Failure. Jonathan Seaton (St. Andrews) and Ian Walker (Keele).
9309: ! The Survival of Small Business Enterprise. Gavin C. Reid.
9308: The Demand for Public Transport: Some Estimates from Zurich. Felix R. Fitzroy and Ian Smith.
9305: Real Wages, Investment and Employment - New Evidence from West German Sectoral Data. Felix R. Fitzroy (St. Andrews) and Michael Funke (Free University of Berlin/London Business School).
9304: Income - and Energy - Taxation for Redistribution in General Equilibrium. Felix R. Fitzroy.
9303: On the Wrong Tracks: the Government's Proposals for Rail Privatisation. Anthony W. Dnes.
9302: A Constitution for Privatized Eastern Enterprise. Felix R. Fitzroy (St. Andrews) and Zoltan J. Acs (Baltimore).
9301: The Scope of Chadwick's Bidding Scheme. Anthony W. Dnes.

1992

9216: Franchising Passenger Rail Services. Anthony W. Dnes.
9215: Extended Rivalry and Competitive Advantage. Lowell R. Jacobsen (William Jewel College), Gavin C. Reid and Margo E. Anderson (CRIEFF, St. Andrews).
9214: Political Parties and Macroeconomics: Evidence from the US 1880-1948. Paul C. Emberton.
9208: ! Small Firms, Finance Gaps and Venture Capital . Gavin C. Reid.

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