Four decades on from the formation of Social Democratic Party, Ben Williams and Kevin Hickson explore how factionalism in-fighting have sculpted shape British party politics.

Proceeding from the assumption that all languages are equally complex, there exists a corollary, widely held but poorly documented, herein referred to as the negative correlation hypothesis. It states: if one component of language is simplified then another must be elaborated. Here, this assumption is reformulated in terms of a scientific hypothesis and subjected to statistical analysis. Thirty...

We examine liquidity effects of dual-class stock splits that change firms’ ownership structure from one share one vote to two classes with disparate voting rights. Following dual-class splits, effective spreads, price impacts, and order execution difficulty increase and the investor base decreases significantly for both superiorand inferior-voting shares. In contrast, following a matched sample...

We propose that topic models can be used to represent the relationship among linguistic typological features. Typological features are typically analyzed in terms of universal implications. We argue that topic models can better capture some phenomena, such as universal tendencies, which are hard to be explained by implications. We conduct experiments to evaluate the predictive accuracy of our H...