Showing 1 - 10 of 83
, researchers control endogeneity skews (e.g., reverse causality, omitted variables) when conducting empirical analysis. With these …
Persistent link: https://www.econbiz.de/10010820607
exchange rate, expressed in real terms. To this end, weproceed to a cointegration and causality study between the two variables …. Our results indicate that causality runs from oil prices to the exchange rate and that the relationship between the two …
Persistent link: https://www.econbiz.de/10008789406
Recent literature tried to explain the Indian growth miracle in different ways, ranging from trade liberalization to industrial reforms. Using data on Indian manufacturing firms, this paper analyzes the relationship between firm's productivity and export market participation during 1991-2004....
Persistent link: https://www.econbiz.de/10010635258
to infer causality of improvement of public transport. The size of companies, defined by the number of jobs they offer … largely defined by the level of improvement to urban public transport in each zone of the city but the causality relationship … degree to which each area of a city benefits from the latest improvements to public transport. The aim of this research is to …
Persistent link: https://www.econbiz.de/10011025830
This paper elaborates an axiomatic treatment of the Subjective Expected Utility (SEU) model that dispenses with the assumption of an exogenous state space. Within a state-free description of uncertainty and alternatives, axioms for preferences are formulated and shown to characterize the...
Persistent link: https://www.econbiz.de/10011025910
different factors of heterogeneity between PSFs, there is still a lack of an integrated and actionable framework which would … help analyzing PSFs changes, heterogeneity and distinctiveness over services, time and space. We propose a foundation …
Persistent link: https://www.econbiz.de/10010553009
This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...
Persistent link: https://www.econbiz.de/10010750356
Using a two-stage Game of Chicken, Cabon-Dhersin and Ramani (2007) examine the impact of population heterogeneity on …
Persistent link: https://www.econbiz.de/10010751040
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10010738996
This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … make the symmetric equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of individuals …
Persistent link: https://www.econbiz.de/10010739068