On Ya Bike? A Review of the Christchurch Cycleway Network Business Case

Transport consulting firm QTP Ltd has estimated that the proposed Christchurch cycleway network provides $8 of economic benefits for every dollar invested. However, much of this is based on faulty economic analysis and the true picture is much less rosy. Every Christchurch household is faced with an average bill of at least $1100 in present

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The impact of deposit insurance on depositor behavior during a crisis: A conjoint analysis approach

We investigate the effectiveness of initiating deposit insurance at the outset of a banking crisis. Using a conjoint analysis approach that allows us to consider the simultaneous impact of multiple deposit insurance attributes and various counterfactuals, we ask a multinational sample of respondents how they would view hypothetical account profiles following the failure of a

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Do better informed investors always do better? A buyback puzzle

We explore the value of private investment information using data from a singular source: auctions of yearling racehorses. Horse breeders possess superior information about their own horses and have strong financial incentives to buy the best of these back at auction. However, those they repurchase subsequently perform significantly worse on average, earning 30% less at

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