The University of Buckingham Press Journals
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GAMBLING DEMAND: A META-ANALYSIS OF THE PRICE ELASTICITY
No full textMany studies have examined the demand for gambling, providing roughly 200 estimates of the price elasticity associated with horse racing, casino gaming, and the lottery. Treating these price elasticities as observations of the dependent variable in a meta-regression model, several features of the literature are found to influence the price responsiveness of gambling. For instance, the price elasticity of casino gambling is lowest in absolute value, while the price elasticities of horse racing and the lottery are of similar value. Also, not only are there regional differences in the price elasticity of gambling, but other model features, such as the functional form of gambling demand, are found to influence the price elasticities.
MAGNA CARTA IN THE TWENTIETH AND TWENTY FIRST CENTURIES
Get PDFThe Great Charter is often portrayed as the source of English liberties: a medieval document which projected its beneficent light forward over eight centuries and which, while representing the triumph of barons over monarch, brought to birth principles which had equal resonance for an age of representative governance and universal suffrage.Such portrayal is naturally and explicably depicted in brighter colours in this its 800th anniversary with celebrations, exhibitions, conferences, a new and scholarly book co-authored by none other than the recently retired Lord Chief Justice, the aptly named Lord Judge, and a no less scholarly but more sardonic one by the historian and Television pundit David Starkey and last but not least, these lectures under the auspices of the University of Buckingham.I am particularly happy to be invited to give the first of these lectures since it enables me to discharge my obligation as a Visiting Professor which, I regret, that I have hitherto honoured only in the way of the Oxford don who, when asked during a mid-twentieth century inquiry into the governance of the University about his teaching duties, replied ‘I have to give an annual lecture – but not, you understand, every year’
On Tone and Morphophonology of the Akan Reduplication Construction
Get PDFReduplication in Akan has received some discussion in the literature but all the studies have concentrated on some aspects of segmental processes that operate on the base to generate the output. In this paper, we study the morphological, segmental and tonal processes related to reduplicative construction in Akan. We demonstrate that on the basis of tonal perturbations which bases and reduplicative templates undergo, and the output tone melody of the reduplicated form vis-à-vis the tone melody of the base, we are able to tell the base from the reduplicant in the Akan reduplicative structure. We argue in the central portions of this paper that the reduplicant in Akan could be either prefixed or suffixed to the base and, in the course of further reduplication construction, it could be sited within the two constituent tokens of the original reduplicative output which serves as an unmarked base for further reduplication. This piece of information counterexemplifies the assertion in the existing literature that in the Akan reduplication construction, the reduplicant is invariably prefixed to the base. In this paper, we study reduplication of verbs, adjectives, nouns, and lexical reduplication and demonstrate that words belonging to the same class behave tonally the same
HUMAN DIGNITY AND FUNDAMENTAL RIGHTS IN SOUTH AFRICA AND IRELAND AND RULE OF LAW REFORM AND DEVELOPMENT – CHARTING THE FRAGILE PATH OF PROGRESS
No full textThese two scholarly and accessible works stand in their own right, whilst being complementary. Each affirms and expands on what Magna Carta is believed to embody. They engage with the struggle to ensure that law is a living branch of learning and praxis, advancing not only notions of rights but fixing them firmly into the interstices not only of legal decision–making, but throughout the legal systems they address and the societies thereby regulated. Rule of Law is the more straightforward of the two. Human dignity and fundamental rights is more complex. Yet both acknowledge the vital importance of law and justice as the basis of a good, decent and just society. Each questions how best this can be achieved
SLAVERY UNDER THE EUROPEAN CONVENTION ON HUMAN RIGHTS AND THE JUS COGENS PROHIBITION OF HUMAN TRAFFICKING
Get PDFHuman trafficking for purposes of sexual and other forms of slavery continues to pose a major threat to the human rights and human dignity of many persons. This is particularly the case for young women from Eastern European nations. Not to be confused with human smuggling and undocumented immigration, human trafficking usually aims at exploitation, often through slavery in the form of un-oder underpaid domestic work or forced prostitution. The European Convention on Human Rights (ECHR) as well as jus cogens outlaw slavery. In this article it is shown by the authors that human trafficking - although not explicitly dealt with in the ECHR - is also prohibited if it aims at creating or maintaining a situation of slavery. Indeed, it is then prohibited by jus cogens and states have a positive obligation to combat human trafficking effectively. Many states fail to do so, showing that this problem is one of law enforcement rather than of creating effective legal norms since those already exist
Using Prediction Market Prices to Differentiate Factors that Influence the Highest and Lowest Priced Tickets in Dynamic Pricing for Major League Baseball
No full textThe use of prediction markets is extended to explain differences in preferences of fans that purchase different price levels of tickets under dynamic pricing for Major League Baseball. Using data from eleven teams, this research investigates similarities and differences in variables that affect ticket prices for the highest-priced and lowest-priced tickets. Key contrasts between the groups are found to stem from distinct preferences for uncertainty of outcome, measured by betting market odds, and team quality. It is also shown that differences between the groups are attributable to sensitivity to factors such as key opponents, weekend games, opening day, and temperature
Replacement Referees and NFL Betting Markets
No full textAre betting markets efficient? The 2012 labor dispute between the NFL and the referees is used as a quasi-experiment to assess whether the betting markets are able to achieve accurate “prices” in an uncertain environment. More points were scored and underdogs performed relatively better resulting in upsets and closer-than-expected games. Betting markets, though, were unable to anticipate or adjust to this systematic effect even though irregularities in gambling markets were reported before the beginning of the season. Not only were they inefficient, but profitable betting strategies can be identified
Lost Decade, Market Efficiency and Technical Trading Rules: Evidence from Greece
No full textWe apply several well-known technical indicators to the daily data for the Athens Composite Share Price from 1/2/2000 to 12/31/2012. Our findings strongly support the predictive power of technical trading rules; further, we ask whether this predictive power of technical analysis can be exploited to beat the profitability of the buy-and-hold strategy considering both transaction costs and risk. We conclude that it is possible to beat the buy-and-hold strategy even considering transaction costs and risk
ELECTION PETITIONS AND THE STANDARD OF PROOF
Get PDFIn Bater v Bater Denning LJ stated that: ‘… in civil cases, the case may be proved by a preponderance of probability, but there may be degrees of probability within that standard’.He added that a higher degree of probability would be required where a civil court was considering a charge of fraud than when considering whether negligence had been established. Even so, a court was not required to adopt ‘so high a degree as a criminal court, even when it is considering a charge of a criminal nature’. In Hornal v Neuberger he again suggested that:‘The more serious the allegation the higher the degree of probability that is required: but it need not, in a civil case, reach the very high standard required by the criminal law’.
Arthur Ransome and the Dialect of Norfolk
Get PDFArthur Ransome provides information about the dialect of the English county of Norfolk as it was actually spoken in the 1930s. Two of his novels (Coot Club and The Big Six) are set on the Norfolk Broads. In these he offers some Norfolk vocabulary within the reported speech of some of his characters, along with some direct reflection on the dialect. However his masterpiece of Norfolk dialect is within Coots in the North (his unfinished novel, not published during his lifetime) where he presents what is in effect an extended Norfolk dialogue of over two-hundred lines. Ransome was an astute observer of language, and records the Norfolk dialogue with apparent accuracy and without contrivance