Dominic Peel
Biographic Data
| ID | 287405 |
|---|---|
| NAME | Dominic Peel |
| GIVEN NAMES | Dominic |
| FAMILY NAME | Peel |
| SIGNATURE | PEEL D |
| AFFILIATIONS | University of Liverpool |
| ORCID | 0000-0001-5281-2041 |
| VERIFIED | Yes |
| TOTAL WORKS | 55 |
| TOTAL CITATIONS | 100 |
| AUTHOR COUNT | 55 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1973 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 6 |
On the predictions of cumulative prospect theory for third and fourth order risk preferences
In this paper, we analyse higher-order risky choices by the representative cumulative prospect theory (CPT) decision maker from three alternative reference points. These are the status quo, average payout and maxmin. The choice tasks we consider in our analysis include binary risks, and are the ones employed in the experimental literature on higher order risk preferences. We demonstrate that the choices made by the representative subject depend o…
Exploring domains of contemporary Australian agrarianism
The idealisation of rural work, people, and communities is remarkably persistent in Western countries. With the diminishing role of agriculture in national economies and changing values, this agrarian sentiment could be expected to lose currency. Yet, agrarian tropes and narratives remain evident in popular culture, political discourse, and public policy. Flinn and Johnson, in the 1970s, pioneered empirical studies of agrarianism based on a regio…
Cost-effectiveness and sustainability of improved hospital oxygen systems in Nigeria
INTRODUCTION: Improving hospital oxygen systems can improve quality of care and reduce mortality for children, but we lack data on cost-effectiveness or sustainability. This study evaluated medium-term sustainability and cost-effectiveness of the Nigeria Oxygen Implementation programme. METHODS: Prospective follow-up of a stepped-wedge trial involving 12 secondary-level hospitals. Cross-sectional facility assessment, clinical audit (January-March…
Traffic in a nursery: Ship strike risk from commercial vessels to migrating humpback whales (Megaptera novaeangliae) in a rapidly developing Australian urban embayment
The rapid recovery of the Australian humpback whale (Megaptera novaeangliae) population and parallel increase in maritime traffic, has increased the spatial overlap between whales and vessels in Australian waters. Ship strike is a recognized global anthropogenic source of mortality or injury to large whales, and a potentially increasing risk in Australia. However, our understanding and evaluation of this threat to humpback whales around Australia…
The development and implementation of an oxygen treatment solution for health facilities in low and middle-income countries
BACKGROUND: Oxygen reduces mortality from severe pneumonia and is a vital part of case management, but achieving reliable access to oxygen is challenging in low and middle-income country (LMIC) settings. We developed and field tested two oxygen supply solutions suitable for the realities of LMIC health facilities. METHODS: A Health Needs Assessment identified a technology gap preventing reliable oxygen supplies in Gambian hospitals. We used simul…
Spatial targeting of early childhood interventions: A comparison of developmental vulnerability in two Australian cities
Healthy development in early childhood is a predictor of success in later life. As such, monitoring the development of young children and, where appropriate, intervening to support that development is of critical importance. However, resources available to support early childhood development are limited and must be allocated in the most efficient way possible. In this paper, we discuss the role of spatial targeting in the allocation of those reso…
Farm exit, wellbeing and autonomy: A quantitative analysis of exited farmers in Australia
In many developed countries, the number of farmers working in commercial agriculture continues to decline with more likely to leave in the future. The act of farming and autonomy of farming work are central to farmers’ identity. Although loss of autonomy when exiting farming may pose a threat to identity and reduce farmer wellbeing, these are notable gaps in existing social research. This article retrospectively examines farmer autonomy and wellb…
Identifying and detecting potentially adverse ecological outcomes associated with the release of gene-drive modified organisms
Synthetic gene drives could provide new solutions to a range of old problems such as controlling vector-borne diseases, agricultural pests and invasive species. In this paper, we outline methods to identify hazards and detect potentially adverse ecological outcomes at the individual (genotype, phenotype), population, community and ecosystem level, when progressing Gene Drive Modified Organisms through a phased test and release pathway. We discuss…
Farm exit intention and wellbeing: A study of Australian farmers
A More General Non‐expected Utility Model as an Explanation of Gambling Outcomes for Individuals and Markets
One feature of experimental work is the heterogeneity in risk attitudes and probability distortion displayed by agents. We outline a more general non‐expected utility model, which nests the models of Markowitz, and Kahneman and Tversky. The model can generate the standard favourite–longshot bias or a reverse favourite–longshot bias as a result of optimal behaviour. We also provide new empirical evidence on the relationship between Tote and bookma…
Governance and planning policy in the marine environment: Regulating aquaculture in Scotland
This paper provides a new discussion of the emerging governance regime for marine and coastal environments. It examines the evolution from a non-statutory to a statutory planning regulatory regime for marine aquaculture in Scotland. Specifically, the definition of development, which underpins the statutory operation of the terrestrial planning system, has been extended to include aquaculture developments within 12 nautical miles of the coast. Thi…
Shaping and designing model policies for land use planning
The Land Use Planning System in Scotland – But Not as we Know it
In December 2005, the Scottish Executive published its Planning etc (Scotland) Bill. This sets out a raft of measures to improve the efficiency and effectiveness of the statutory land use planning system, whilst promoting greater inclusion and opportunities for public involvement (Peel and Lloyd 2006). The Bill followed the publication of a Discussion Paper, Modernising the Planning System, which was issued in late June 2005 (Scottish Executive 2…
A case for business improvement districts in Scotland: Policy transfer in practice
Smooth Transition Models and Arbitrage Consistency
Slow adjustment of real exchange rate towards equilibrium in linear models has long puzzled researchers, stimulating the adoption of nonlinear models. The exponential smooth transition model has been particularly successful, providing faster adjustment speeds. This paper discusses some of its theoretical limitations, for example that expectations are adaptive. We propose a new nonlinear model conceptually superior to the ESTAR model since it is c…
Residential mobility in the California Teachers Study: Implications for Geographic Differences in Disease Rates
The Economics of Exchange Rates
Optimal monetary policy: Is price‐level targeting the next step
We examine whether inflation targeting should be regarded as optimal. Targeting inflation implies (undesirably) that price level variance tends to infinity: we produce some evidence from both a representative agent model and a long‐used forecasting model that, once an endogenous indexation response is allowed for, price level targeting imposes no extra costs of macro variability, indeed gives significant gains
Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences
This paper considers optimal monetary policy in the context of the central bank adopting an asymmetric objective function. Our results show that under asymmetric preferences, many of the extant results on the time consistency problem need no longer hold
Insider Trading, Herding Behaviour and Market Plungers in the British Horse–race Betting Market
Crafts [N. F. R. Crafts (1985) Economica , 52 , 295—304] suggested that a pronounced shortening of bookmaker odds in horse–race betting markets could indicate the presence of insider traders. This paper uses the Shin [H. S. Shin (1993) Economic Journal , 103 , 1141—53] measure of the incidence of insider trading at the beginning of the betting period (opening prices) and at the end of it (starting prices) to distinguish the shortening of odds cau…
The Relationship between Two Indicators of Insider Trading in British Racetrack Betting
This paper examines whether a measure of insider trading in betting markets derived from the Shin (1993) model is significantly related in samples of horse and greyhound races to an alternative, independently derived, indicator of insider activity suggested by Crafts (1985), namely plunges in the odds offered against a particular competitor on the day of a race. The analysis suggests that there is a significant relationship
Finite Mixture Models
The important role of finite mixture models in the statistical analysis of data is underscored by the ever-increasing rate at which articles on mixture applications appear in the statistical and general scientific literature. The aim of this article is to provide an up-to-date account of the theory and methodological developments underlying the applications of finite mixture models. Because of their flexibility, mixture models are being increasin…
The Favourite‐Longshot Bias and Market Efficiency in UK Football betting
It is shown that the individual fixed‐odds betting market on UK football exhibits the same favourite‐longshot bias as that found in horse‐racing. The bias appears both in betting on results (home win, away win or draw) and in betting on specific scores, and there are certain trading rules which appear to be profitable. Poisson and Negative Binomial regressions are carried out to estimate the mean number of goals scored by a team in a match with g…
The dynamics of aggregate political popularity: Evidence From Eight Countries
Modelling Business Cycle Nonlinearity in Conditional Mean and Conditional Variance: Some International and Sectoral Evidence
This paper tests for the presence of output mean and variance nonlinearities in international industrial production and UK and US sectoral production growth rates using ARMA–GQARCH, bilinear (BL) and joint BL–GQARCH models. ARMA–GQARCH models confirm the presence of asymmetric variance effects in Italian, UK and US industrial production and in all sectors other than US nondurables, and such that the conditional variance of output is increased fol…
Farm exit intention and wellbeing: A study of Australian farmers
The dynamics of aggregate political popularity: Evidence From Eight Countries
Transactions Costs and Nonlinear Adjustment in Real Exchange Rates; An Empirical Investigation
Equilibrium models of real exchange rate determination in the presence of transactions costs imply a nonlinear adjustment process toward purchasing power parity (PPP). Conventional cointegration tests, which ignore the effect of transactions costs, may be biased against the long-run PPP hypothesis. The authors' results, using both monthly data for the interwar period and annual data spanning two countries, clearly reject the linear framework in f…
Individual Forecasting and Aggregate Outcomes: `Rational Expectations' Examined
Journal Article Individual Forecasting and Aggregate Outcomes: `Rational Expectations' Examined Get access Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined. Edited by ROMAN FRYDMAN and EDMUND S. PHELPS. (Cambridge: Cambridge University Press, 1983. Pp. ix + 238. £20.00.) David Peel David Peel University College, Aberystwyth Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal…
Outcome Uncertainty and the Demand for Football: An Analysis of Match Attendances in the English Football League
This paper examines the predictive outcome, for match attendance, of a new measure of outcome uncertainty. This is the probability of home success as measured by posted fixed betting odds. The analysis is based on cross-section data and involves a sing le-equation model. The inclusion and measurement of variables is expl ained. The significant results involve the identification of a home w in as being of importance in determining match attendance…
Governance and planning policy in the marine environment: Regulating aquaculture in Scotland
This paper provides a new discussion of the emerging governance regime for marine and coastal environments. It examines the evolution from a non-statutory to a statutory planning regulatory regime for marine aquaculture in Scotland. Specifically, the definition of development, which underpins the statutory operation of the terrestrial planning system, has been extended to include aquaculture developments within 12 nautical miles of the coast. Thi…
Decadal timescale links between Antarctic Peninsula ice-core oxygen-18, deuterium and temperature
The Antarctic Peninsula region has exprienced a long-term warming trend over the twentieth century, with the 1971-90 mean at Faraday being 1.9°C warmer than the mean over 1903-41 based on expedition reports. For the period prior to 1900, there is conflicting evidence from different data sources. An initial interpretation of isotopic data from ice cores suggests that the nineteenth century was warmer than the twentieth century. In contrast, snow a…
Rational Expectations and the New Macroeconomics
Journal Article Rational Expectations and the New Macroeconomics Get access Rational Expectations and the New Macroeconomics. By PATRICK MINFORD and DAVID PEEL. (Oxford: Martin Robertson, 1983. Pp. xiii + 253. £18.50 hardback, £7.95 paperback.) David Begg David Begg Worcester College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 378, 1 June 1985, Pages 488–489, https://doi.…
The Favourite‐Longshot Bias and Market Efficiency in UK Football betting
It is shown that the individual fixed‐odds betting market on UK football exhibits the same favourite‐longshot bias as that found in horse‐racing. The bias appears both in betting on results (home win, away win or draw) and in betting on specific scores, and there are certain trading rules which appear to be profitable. Poisson and Negative Binomial regressions are carried out to estimate the mean number of goals scored by a team in a match with g…
Insider Trading, Herding Behaviour and Market Plungers in the British Horse–race Betting Market
Crafts [N. F. R. Crafts (1985) Economica , 52 , 295—304] suggested that a pronounced shortening of bookmaker odds in horse–race betting markets could indicate the presence of insider traders. This paper uses the Shin [H. S. Shin (1993) Economic Journal , 103 , 1141—53] measure of the incidence of insider trading at the beginning of the betting period (opening prices) and at the end of it (starting prices) to distinguish the shortening of odds cau…
Shaping and designing model policies for land use planning
The Land Use Planning System in Scotland – But Not as we Know it
In December 2005, the Scottish Executive published its Planning etc (Scotland) Bill. This sets out a raft of measures to improve the efficiency and effectiveness of the statutory land use planning system, whilst promoting greater inclusion and opportunities for public involvement (Peel and Lloyd 2006). The Bill followed the publication of a Discussion Paper, Modernising the Planning System, which was issued in late June 2005 (Scottish Executive 2…
An alternative approach to explaining political popularity
A cross-sectional analysis of regional strike activity in Britain
Bean R. and Peel D. A. (1976) A cross sectional analysis of Regional strike activity in Britain, Reg. Studies 10, 299–305. Despite a number of recent quantitative studies of strike incidence in Britain using time series data, as yet there has been an absence of cross-sectional regression analysis of the regional composition of strike activity. This paper presents a first approach towards an analysis of the interregional variation in strike activi…
Exploring domains of contemporary Australian agrarianism
The idealisation of rural work, people, and communities is remarkably persistent in Western countries. With the diminishing role of agriculture in national economies and changing values, this agrarian sentiment could be expected to lose currency. Yet, agrarian tropes and narratives remain evident in popular culture, political discourse, and public policy. Flinn and Johnson, in the 1970s, pioneered empirical studies of agrarianism based on a regio…
A More General Non‐expected Utility Model as an Explanation of Gambling Outcomes for Individuals and Markets
One feature of experimental work is the heterogeneity in risk attitudes and probability distortion displayed by agents. We outline a more general non‐expected utility model, which nests the models of Markowitz, and Kahneman and Tversky. The model can generate the standard favourite–longshot bias or a reverse favourite–longshot bias as a result of optimal behaviour. We also provide new empirical evidence on the relationship between Tote and bookma…
Residential mobility in the California Teachers Study: Implications for Geographic Differences in Disease Rates
Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences
This paper considers optimal monetary policy in the context of the central bank adopting an asymmetric objective function. Our results show that under asymmetric preferences, many of the extant results on the time consistency problem need no longer hold
The Relationship between Two Indicators of Insider Trading in British Racetrack Betting
This paper examines whether a measure of insider trading in betting markets derived from the Shin (1993) model is significantly related in samples of horse and greyhound races to an alternative, independently derived, indicator of insider activity suggested by Crafts (1985), namely plunges in the odds offered against a particular competitor on the day of a race. The analysis suggests that there is a significant relationship
Modelling Business Cycle Nonlinearity in Conditional Mean and Conditional Variance: Some International and Sectoral Evidence
This paper tests for the presence of output mean and variance nonlinearities in international industrial production and UK and US sectoral production growth rates using ARMA–GQARCH, bilinear (BL) and joint BL–GQARCH models. ARMA–GQARCH models confirm the presence of asymmetric variance effects in Italian, UK and US industrial production and in all sectors other than US nondurables, and such that the conditional variance of output is increased fol…
Information, Prices and Efficiency in a Fixed-Odds Betting Market
This paper examines the efficiency of the Association Football betting market in the United Kingdom. The notable features of this market are that the odds are fixed some time before matches occur and differ between bookmaking firms. While there is some evidence of ex post inefficiency, there does not appear to be profitable betting strategies that could have been implemented ex ante during the sample period. Copyright 1989 by The London School of…
The Determinants of Arms Expenditures of Nato and the Warsaw Pact: Some Further Evidence
This paper examines evidence for interactions between arms spending by NATO and the Warsaw Pact. Empirical work in this area typically starts from some version of the Richardson model. Unfortunately an important characteristic of the data series (non-stationarity) means that results based upon regressions specified in levels must be viewed with suspicion. Moreover, there are reasons for believing that the dynamics of the system are more complicat…
The Non-Uniqueness of the Dorfman-Steiner Condition: A Note
Adjustment Costs and Short-Run Returns to Labour
The Wage Variable and the Phillips Curve
The Wage Variable and the Phillips Curve: A Rejoinder
The study of global atmospheric pollution in Antarctica
Waste products from man's activities, released into the environment, distribute themselves between the atmosphere, the land, the sea and, through these, to the biota. There is a constant interchange of material between reservoirs leading, it is thought, to an ultimate sinking of trace materials into the depths of the ocean where they slowly accumulate on the ocean bed and are removed from the circulation system. Substances released into the air c…
A cross-sectional analysis of regional strike activity in Britain
Bean R. and Peel D. A. (1976) A cross sectional analysis of Regional strike activity in Britain, Reg. Studies 10, 299–305. Despite a number of recent quantitative studies of strike incidence in Britain using time series data, as yet there has been an absence of cross-sectional regression analysis of the regional composition of strike activity. This paper presents a first approach towards an analysis of the interregional variation in strike activi…
The inflationary impact of repetitive devaluation: A rejoinder
"The inflationary impact of repetitive devaluation: A rejoinder." The Journal of Development Studies, 13(3), p. 271
The inflationary aspect of repetitive devaluation: A comment
"The inflationary aspect of repetitive devaluation: A comment." The Journal of Development Studies, 13(3), pp. 262–263
Short-Run Employment Functions, Excess Supply and the Speed of Adjustment: A Note
The Relationship Between Prices and Money Supply in Latin America, 1958-1975
Production Function, this REVIEW 57 (May 1975a), 243-244. , Real Money Balances as a Variable in the Production Function, The Journal of Money, Credit and Banking 7 (Nov. 1975b), 535-544. Ramsey, James B., Classical Model Selection Through Error Tests, in Paul Zarembka (ed.), Frontiers of Econometrics (New York: Academic Press, Inc., 1974). Ramsey, James B., and Paul Zarembka, Specification Error Tests and Alternative Functional Forms of the Aggr…
Divergent Expectations and the Dynamic Stability of Some Simple Macro Economic Models
Growth and Inflationary Finance: Variations on a Mundellian Theme
Modelling the UK Economy: An Introduction
The Rational Expectations Revolution in Macroeconomics: Theories and Evidence
Individual Forecasting and Aggregate Outcomes: `Rational Expectations' Examined
Journal Article Individual Forecasting and Aggregate Outcomes: `Rational Expectations' Examined Get access Individual Forecasting and Aggregate Outcomes: 'Rational Expectations' Examined. Edited by ROMAN FRYDMAN and EDMUND S. PHELPS. (Cambridge: Cambridge University Press, 1983. Pp. ix + 238. £20.00.) David Peel David Peel University College, Aberystwyth Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal…
Surprises in the Consumption Function, Incomplete Current Information and Moving Average Errors: A Note
Journal Article Surprises in the Consumption Function, Incomplete Current Information and Moving Average Errors: A Note Get access K. Holden, K. Holden University of Liverpool Search for other works by this author on: Oxford Academic Google Scholar D. A. Peel D. A. Peel University College, Aberystwyth Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 377, 1 March 1985, Pages 183–188, h…
Rational Expectations and the New Macroeconomics
Journal Article Rational Expectations and the New Macroeconomics Get access Rational Expectations and the New Macroeconomics. By PATRICK MINFORD and DAVID PEEL. (Oxford: Martin Robertson, 1983. Pp. xiii + 253. £18.50 hardback, £7.95 paperback.) David Begg David Begg Worcester College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 95, Issue 378, 1 June 1985, Pages 488–489, https://doi.…
An alternative approach to explaining political popularity
Expectations: Theory and Evidence
Journal Article Expectations: Theory and Evidence Get access Expectations: Theory and Evidence. By K. HOLDEN, D. A. PEEL and J. L. THOMPSON. (Basingstoke: Macmillan, 1985. Pp. x+105. £20.00 hardback, £6.95 paperback.) Nigel W. Duck Nigel W. Duck University of Bristol Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 96, Issue 381, 1 March 1986, Pages 227–228, https://doi.org/10.2307/2233440 Publ…
Outcome Uncertainty and the Demand for Football: An Analysis of Match Attendances in the English Football League
This paper examines the predictive outcome, for match attendance, of a new measure of outcome uncertainty. This is the probability of home success as measured by posted fixed betting odds. The analysis is based on cross-section data and involves a sing le-equation model. The inclusion and measurement of variables is expl ained. The significant results involve the identification of a home w in as being of importance in determining match attendance…
The Economics of Wage Controls
Journal Article The Economics of Wage Controls Get access The Economics of Wage Controls. By K. HOLDEN, D. A. PEEL and J. L. THOMPSON. (Basingstoke: Macmillan, 1987. Pp. ix + 144. £27.50 hardback, £8.95 paperback. ISBN 0 333 41391 1, 0 333 41392 X.) Geraint Johnes Geraint Johnes University of Lancaster Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 98, Issue 393, 1 December 1988, Pages 1224–1…
The Economics of Wage Controls
Information, Prices and Efficiency in a Fixed-Odds Betting Market
This paper examines the efficiency of the Association Football betting market in the United Kingdom. The notable features of this market are that the odds are fixed some time before matches occur and differ between bookmaking firms. While there is some evidence of ex post inefficiency, there does not appear to be profitable betting strategies that could have been implemented ex ante during the sample period. Copyright 1989 by The London School of…
The Determinants of Arms Expenditures of Nato and the Warsaw Pact: Some Further Evidence
This paper examines evidence for interactions between arms spending by NATO and the Warsaw Pact. Empirical work in this area typically starts from some version of the Richardson model. Unfortunately an important characteristic of the data series (non-stationarity) means that results based upon regressions specified in levels must be viewed with suspicion. Moreover, there are reasons for believing that the dynamics of the system are more complicat…
Economic Forecasting: An Introduction
Economics (41 works) · Econometrics (19 works) · Political science (17 works) · Computer Science (16 works) · Mathematics (16 works) · Geography (14 works) · Law (12 works) · Monetary Policy and Economic Impact (11 works) · Business (10 works) · Economic theories and models (9 works)