The purpose of this paper is to determine whether New Zealand capital markets are efficient. To do this we investigate two competing models of investor decision making in the context of the New Zealand Stock Exchange. The ...

The paper seeks to undertake an econometric investigation of a quarterly money demand model for an eighteen year period 1979Q1-1996Q4. The variables considered for the model are real income, real interest rate, the real ...

The present work addresses both issues in the context of income tax evasion. About the first it proves a rather strong result, namely that if rewards are related to the evasion detected by an auditor, then (i) no level of ...

The Sanitary Phytosanitary Code (SPS) is an effort to reduce the technical barriers to trade created by phytosanitary regulations, or trade barriers related to plant and animal health. A key feature of SPS is risk assessment ...

Some enduring location choices challenge the conventional models of competitive location allocation. One such is the persistence of market gardens around large urban centres that use locations that are highly valued because ...