Racial Harassment, Ethnic Concentration and Economic Conditions In this paper, we analyse the association between spatial concentration of ethnic minorities, and racial harassment. Ethnic concentration relates to racial harassment through at least three channels: hostility in attitudes of majority individuals that find expression in harassment behaviour, the probability of minority individuals ...

The evidentiary data detailing the economic state of low-income developing and least developed countries (‘LDCs) is both well known and relatively uncontroversial. On the whole, these nations can be characterised as having a low per capita gross domestic product (‘GDP’), unfortunate standards of living and extremely poor levels of health and services. Moreover, these nations have high levels of...

This paper models the behaviour of a potential entrant into a monetary union where there is an inflation entry condition. In addition to making a monetary policy decision during a qualifying period, the potential entrant must make a decision about structural reform. The paper shows that the entry condition can have two undesirable effects. First, it can lead to multiple equilibria because infla...

We consider a dynamic pricing model in which the instantaneous rate of the demand arrival process is dependent on not only the current price charged by the concerned firm, but also the present state of the world. While reflecting the current economic condition, the state evolves in a Markovian fashion. This model represents the real-life situation in which the sales season is relatively long co...

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Using state-level data from the United States, we find that initial legal systems in territories originally settled by Great Britain – a common law country – and in territories originally settled by France, Spain, and Mexico and the Netherlands all civil law countries have persistent effects on the quality of contemporary institutions. In order to explain these findings, we develop a transplant...

In this article we analyze the conditioning effect of party nationalization, and in particular dynamic nationalization, on economic voting. While previous single-country and cross-national studies suggest a weak correlation between economic conditions and voting patterns, we argue that this relationship is conditioned by the degree to which parties are dynamically nationalized. Using both case ...

Solar energy is an environmentally sustainable energy source as it is clean and inexhaustible. Solar systems are very common and cost-effective, thus, can be used for many home applications. In this paper, a new method is presented to optimize solar systems economically, regarding to energy cost fluctuations. In spite of conventional analyses, in which the inflation is considered constant, ...