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Tourism and Economic Development : Evidence from Mexico's Coastline

Faber, Benjamin - 2016

Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …

Persistent link: https://www.econbiz.de/10012456375

Bullying among Adolescents : The Role of Cognitive and Non-Cognitive Skills

Sarzosa, Miguel - 2015

Bullying is a behavioral phenomenon that has received increasing attention in recent times. This paper uses a structural model with latent skills and longitudinal information from Korean youths to identify the determinants and effects of bullying. We find that, unlike cognitive skills,...

Persistent link: https://www.econbiz.de/10012457038

COVID-19 and SME Failures

Gourinchas, Pierre-Olivier - 2020

We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...

Persistent link: https://www.econbiz.de/10012481180

Moderate Inflation

Dornbusch, Rudiger - 1991

Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods. In this paper we first set out theories of...

Persistent link: https://www.econbiz.de/10012475091

Financing Outdoor Recreation

Banzhaf, H. Spencer - 2020

The National Park Service and other agencies have argued that our recreation lands face a crisis of deferred maintenance. This paper evaluates two proposals for funding public lands, increasing gate fees and taxing recreational gear. It analyzes the joint welfare effects of such taxes and the...

Persistent link: https://www.econbiz.de/10012481396

Measuring the Output and Prices of the Lottery Sector : An Application of Implicit Expected Utility Theory

Yu, Kam - 2008

Using implicit expected utility theory, a money metric of utility derived from playing a lottery game is developed. Output of the lottery sector can be defined as the difference in utility with and without the game. Using a kinked parametric functional form, outputs of the Canadian Lotto 6/49...

Persistent link: https://www.econbiz.de/10012464626

Individual Preferences, Monetary Gambles and the Equity Premium

Barberis, Nicholas - 2003

We argue that narrow framing, whereby an agent who is offered a new gamble evaluates that gamble in isolation, separately from other risks she already faces, may be a more important feature of decision-making under risk than previously realized. To demonstrate this, we present evidence on...

Persistent link: https://www.econbiz.de/10012468695

Less of a Luxury : The Rise of Recreation since 1888

Costa, Dora L. - 1997

I show that recreation has become much more egalitarian over the last hundred years by estimating recreational expenditure elasticities in 1888-1890, 1917-1919, 1935-1936, 1972-1973, and 1991. I find that expenditure elasticities have fallen from around two at the beginning of the century to...

Persistent link: https://www.econbiz.de/10012472760

Leverage and Beliefs : Personal Experience and Risk Taking in Margin Lending

Koudijs, Peter - 2014

What determines risk-bearing capacity and the amount of leverage in financial markets? Using unique archival data on collateralized lending, we show that personal experience can affect individual risk-taking and aggregate leverage. When an investor syndicate speculating in Amsterdam in 1772 went...

Persistent link: https://www.econbiz.de/10012458707

Wintertime for Deceptive Advertising?

Zinman, Jonathan - 2012

Casual empiricism suggests that deceptive advertising about product quality is prevalent, and several classes of theories explore its causes and consequences. We provide some unusually sharp empirical evidence on the extent, mechanics, and dynamics of deceptive advertising. Ski resorts...

Persistent link: https://www.econbiz.de/10012460829

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