Showing 1 - 10 of 121
In this paper a Cobb-Douglas utility function is introduced and solved for a dynamic equation of property crime supply … differ among the two. When appropriately modeled and instrumented, in fact, property crime is found to react to police and … to those related to local incomes, which still reflect for the South a tendency of crime to substitute for legal …
Persistent link: https://www.econbiz.de/10005407878
The diffusion of health care technology is influenced by both the total market share of managed care organizations as well as the level of competition among them. This paper differentiates between HMO penetration and competition and examines their relationship to the adoption of cardiac...
Persistent link: https://www.econbiz.de/10005007503
The article evaluates crime trends in south border American and Mexican sister cities using panel data analysis. The …, institutional heterogeneity, and disparate crime outcomes. Higher homicide rates on the Mexican side seem to result from deficient … opportunistic clustering of criminal activity in Mexican cities, while no clustering is found on the American side. Crime also …
Persistent link: https://www.econbiz.de/10005412508
The particular point that will be stressed in this paper is that benefits derived from corrupt behaviour depend on institutions devised to discourage it. The analytical framework used to explore the symmetric tragedies of the commons and the anticommons outlined by James Buchaman and Yong J....
Persistent link: https://www.econbiz.de/10005412527
This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment reacts nonlinearly with respect to shocks to...
Persistent link: https://www.econbiz.de/10005076705
We investigate convergence towards Purchasing Power Parity (PPP) within the Euro Zone and between the Euro Zone and its main partners using panel data methods that incorporate serial and contemporaneous correlation. We find strong rejections of the unit root hypothesis, and therefore evidence of...
Persistent link: https://www.econbiz.de/10005076738
This paper studies the transmission of common monetary shocks across European countries by using a dynamic factor model (Forni-Reichlin (1998)). This technique allows to extract the common European monetary shock and to compute country-specific responses. Our identification employs rotations of...
Persistent link: https://www.econbiz.de/10005076808
Efforts to simulate turbulence in the financial markets include experiments with the logistic equation: x(t)=kappa x(t-1)[1-x(t-1)], with 0 x(t)1 and 0 = kappa 4. Visual investigation of the logistic equation show the various stability and instability regimes for the various value of the...
Persistent link: https://www.econbiz.de/10005077029
The paper investigates sharp reductions seen in current account deficits in selected transition countries in the 1992-2003 period. The analysis focuses on three important aspects of these current account reversals: a) to examine those factors that might have triggered the reversals and to...
Persistent link: https://www.econbiz.de/10005124954
family. We estimate, on the British Household Panel Survey, a collective model of demand for leisure generalized to the … is identified by woman's change of family status: from single-living to couple or from couple to single-living. Welfare …
Persistent link: https://www.econbiz.de/10005125796