The relation between money and price has unique relevance in price stability. Rational expectations theorists hold that both anticipated and unanticipated money supply affect price level. This paper addresses this issue and enquires if anticipated and unanticipated money supplies have any role in the variations in whole sale and consumer prices (WPI & CPI) in India over the period 1992:Q1 to 20...

We examined reference point adaptation following gains or losses in security trading using participants from China, Korea, and the US. In both questionnaire studies and trading experiments with real money incentives, reference point adaptation was larger for Asians than for Americans. Subjects in all countries adapted their reference points more after a gain than after an equal-sized loss. When...

The paper shows that lottery-like stocks are hedges against unexpected increases in market volatility. The loading on the aggregate volatility risk factor explains low returns to stocks with high maximum returns in the past (Bali, Cakici, and Whitelaw, 2011) and high expected skewness (Boyer, Mitton, and Vorkink, 2010). Aggregate volatility risk also explains the new evidence that the maximum e...

Abstract The 1911 New York State Sullivan Act outlawed carrying concealable firearms without a licence, established strict licencing rules and regulated the sale possession of handguns. We analyse effects using historical data on mortality rates, pistol permits citations for illegal carrying. Our analysis reveal clear initial gun-related behaviours. Using synthetic control difference-in-differe...

Errors in order forecasts are a salient source of inefficiencies in retail supply chains. Many operational decisions made by suppliers hinge on order forecasts, which typically are based solely on either order or point-of-sale (POS) history. Using a discrete-time formulation, this research demonstrates that if a supplier knows that a retailer is using a base stock policy, it should use that kno...

Nowadays, many consumers choose to buy their needs using online platforms rather than the traditional method. The transactions became more active during Covid-19 pandemic when citizen movement was restricted with enforcement of Movement Control Order. Thus, platform provide good information on product gain consumers' confidence in entering into any transactions. This paper highlights principles...

The interplay of religion and gender is a relevant factor in the labour market disadvantage experienced by Muslim women. Despite widespread recognition importance addressing through an intersectional lens, domestic equality law framework Britain continues to adopt fixed discrete classifications status inequality, undermining protection for women workplace. This paper uses doctrinal socio-legal ...