David A Peel

Biographic Data

ID5733684
NAMEDavid A Peel
GIVEN NAMESDavid A
FAMILY NAMEPeel
SIGNATUREPEEL D A
AFFILIATIONSFinancial Markets Group, London School of Economics University of Wales, Cardiff
VERIFIEDNo
TOTAL WORKS10
TOTAL CITATIONS13
AUTHOR COUNT10
EDITOR COUNT0
FIRST PUBLICATION YEAR1973
LATEST PUBLICATION YEAR2023
H-INDEX2

  • On the predictions of cumulative prospect theory for third and fourth order risk preferences

    Open AccessIvan Paya, Dominic Peel et al.ARTICLETheory and Decision2023

    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…

  • Smooth Transition Models and Arbitrage Consistency

    Open AccessDominic Peel, David A Peel et al.ARTICLEEconomica2005References: 30

    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…

  • Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences

    Open AccessA Robert Nobay, Dominic Peel et al.ARTICLEThe Economic Journal2003Cited by: 1References: 8

    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

    Open AccessDavid Law, David R Law et al.ARTICLEEconomica2002Cited by: 3

    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…

  • Ajustement non linéaire vers le taux de change d'équilibre à long terme. Le modèle monétaire revisité

    Panos Michael, Michael Panos et al.ARTICLERevue économique1997

  • Transactions Costs and Nonlinear Adjustment in Real Exchange Rates; An Empirical Investigation

    Panos Michael, A Robert Nobay et al.ARTICLEJournal of Political Economy1997Cited by: 8References: 3

    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…

  • Information, Prices and Efficiency in a Fixed-Odds Betting Market

    Peter F Pope, Dominic Peel et al.ARTICLEEconomica1989Cited by: 1

    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…

  • Growth and Inflationary Finance: Variations on a Mundellian Theme

    Guillermo A Calvo, Dominic Peel et al.ARTICLEJournal of Political Economy1983References: 2

  • The Relationship Between Prices and Money Supply in Latin America, 1958-1975

    Kenneth Holden, Dominic Peel et al.ARTICLEThe Review of Economics and…1979

    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…

  • The Non-Uniqueness of the Dorfman-Steiner Condition: A Note

    Dominic Peel, David A PeelARTICLEEconomica1973