Estimation …

, productivity and unemployment which is interpreted as a wage setting relation. From a Subset VECM we identify meaningful structural …. We compare these results to results from a standard SVECM and find that, using the Subset VECM reduces estimation …

estimation methodologies such as single-equation error correction and first differences specifications. A longer term perspective … is provided by a productivity-based model of the real value of the euro. Some panel regression estimates of the … relationship between intercountry relative productivity differentials and real exchange rates is presented. Using these estimates …

When analyzing the productivity of firms, one may want to compare how the firms transform a set of inputs x (typically … labor, energy or capital) into an output y (typically a quantity of goods produced). The economic efficiency of a firm is … inputs. The efficiency of a firm may then be estimated via the distance between the attained production level and the optimal …

Fairness is a strong concern as shown by the robust results of dictator giving and ultimatum experiments. Efficiency … provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own … for mutual gift giving. In both cases decisions can be conditioned on whether there is or there is not an efficiency gain …

able to. The introduction of animal spirits generates a low negative contemporaneous correlation of hours and productivity …

explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …

exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …