It’s Prices, Stupid: Explaining falling crime in the UK

The Effect of Falling Oil Prices on Major Oil Exporting Countries through Trade and Financial Channels: A GVAR Model

The researches have generally ignored the effect of an oil price shock passing through financial channel. To fill this gap, we examine the impact of a fall in oil price on output and inflation through trade and financial channels by using a Global VAR (GVAR) model in oil-exporting countries. Our sample includes 15 OPEC and non-OPEC oil-exporting countries, 14 oil-importing countries and Europea...

Who Fears Crime

Most extant research in the economics of crime literature has focused on explaining variations in crime rates. Public action to prevent crime, however, is often dependent on the level of concern about public security that is expressed in public perceptions surveys. The economics of crime literature has largely overlooked responses to such surveys as data sources and therefore it has not account...

Medical Malpractice Litigation and Tort Reform: It’s the Incentives, Stupid

It’s the Economy, Stupid: How Economic Growth Predicts Social Tolerance A Logistic Regression Approach

The Mixing Approach to Stochastic Volatility

This article introduces mixing theorems, which offer both a theoretical and computational approach to certain advanced option models. Before explaining them, we first review a little background about option pricing theory. The Black-Scholes-Merton family of models is a wellknown and sensible starting framework for understanding option prices. The framework relies on the assumption that the unde...