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(Spatial) panel data are routinely modelled in discrete time (DT). However, there are compelling arguments for continuous time (CT) modelling of (spatial) panel data. Particularly, most social processes evolve in CT, so that statistical analysis in DT is an oversimplification, gives an...
Persistent link: https://www.econbiz.de/10009201135
Kenya is predominantly a nature-based tourism destination with wildlife (concentrated in the southern part of the country) and beaches (along the Indian Ocean) accounting for over 85% of the international tourists visiting the country. Other attractions are based on the physical landscape of the...
Persistent link: https://www.econbiz.de/10005423219
This paper analyzes the interstate distribution of awards made through the Small Business Innovation Research (SBIR) Program operated by the U.S federal government. The main finding is that awards tend to be made to firms in centers of innovative activity, where knowledge is most easily created...
Persistent link: https://www.econbiz.de/10005282039
Linking of repeated games and exchange of concessions in fields of relative strength may lead to more cooperation and to Pareto improvements relative to the situation where each game is played separately. In this paper we formalize these statements, provide some general results concerning the...
Persistent link: https://www.econbiz.de/10005230912