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Estimation and inference for the persistence of extremely high temperatures

Cai, Juan Juan; Lin, Yicong; Schaumburg, Julia; Wang, … - 2026

We propose a nonparametric framework for estimating the extremal index that captures the persistence of extreme observations. The framework provides unified and simple procedures for verifying the well-known local dependence condition D(ᵈ) (un), which characterizes the extremal index yet is...

Persistent link: https://econbiz.de/10015567815

Position values and fixed-fraction rules for rooted tree cost allocation problems

Brink, René van den; Gavilan, Elena; Manuel, Conrado; … - 2026

In this paper, we introduce a new class of cost allocation rules for rooted tree cost allocation problems that is based on the position value (Meessen 1988 and Borm et al. 1992). We further extend this by introducing a class of cost allocation rules that, besides these new position rules, also...

Persistent link: https://econbiz.de/10015611781

Self-driving neural networks for term structure modeling

Kooiker, Sicco; Brummelen, Janneke van; Schaumburg, Julia; … - 2026

We propose a factor model with time-varying loadings for term structure modeling and fore casting. While maintaining the interpretation of the factors as level, slope, and curvature through explicit identification restrictions, we allow the loadings to take flexible shapes by specifying them as...

Persistent link: https://econbiz.de/10015611785

Intangible assets and imperfections in product and labor markets

Bartelsman, Eric J.; Dobbelaere, Sabien; Zona Mattioli, … - 2026

This paper develops a micro-founded framework linking price-cost and wage markups to intangible assets. Intangible assets, once created, are a source of firm rents. Owing to limits to enforceable ownership and the non-rival nature of knowledge, these rents can be both retained by the origin firm...

Persistent link: https://econbiz.de/10015611793

Circular triads of overperformance in top European football leagues

Ours, Jan C. van - 2026

This study examines eight seasons of professional football matches in the English Premier League, German Bundesliga, Italian Serie A, and Spanish La Liga. The focus is on the existence of non-transitive triads in match outcomes in terms of points, the quality of performance as indicated by...

Persistent link: https://econbiz.de/10015611794

Psychological pressure and team performance

Ours, Jan C. van - 2026

Team production is increasingly important for economic outcomes, yet the factors driving team performance remain poorly understood. This paper examines the influence of psychological factors on team performance using data from the top divisions of the five major European football leagues, with a...

Persistent link: https://econbiz.de/10015592516

Analysis of the economic and environmental impacts of climate change using RICE model adjusted by methane

Aleshina, Sofia; Tol, Richard S. J.; Ignatovskaya, Valeriya - 2026

This work presents a modified version of the integrated economic-climate model RICECH₄. The aim of the work was to expand the basic RICE model by explicitly accounting for methane (CH₄) emissions along with traditional carbon dioxide (CO₂) emissions, as well as the subsequent analysis of...

Persistent link: https://econbiz.de/10015580312

Dynamic regularized parametric portfolio policies

Os, Bram van; Lönn, Rasmus; Dijk, Dick van - 2026

We put forward a Dynamic Regularized Parametric (DRP) approach for active portfolio policies. We build upon the parametric policy framework of Brandt et al. (2009) that directly links the portfolio weights to a limited set of asset characteristics. This yields a parsimonious specification that...

Persistent link: https://econbiz.de/10015580333

The effects of climate change and climate policy on credit risk

Leegstra, Matthijs; Kole, Erik; Lönn, Rasmus - 2026

This study examines how climate-related physical and transition risks affect credit risk. We develop a modular framework based on a threshold model for credit migrations, linking the latent credit cycle to key economic indicators to measure credit risk in corporate bond markets. Using historical...

Persistent link: https://econbiz.de/10015644850

Correcting beliefs about job opportunities and wages : a field experiment on education choices

Koning, Bart K. de; Dur, Robert A. J.; Fouarge, Didier - 2026

In a natural field experiment, we provide information to students about job opportunities and hourly wages of occupations they are interested in. The experiment takes place within a widely-used career orientation program in the Netherlands, and involves 28,186 pre-vocational secondary education...

Persistent link: https://econbiz.de/10015644853