The paper examines the trend in public sector – private sector wagedifferentials in the 1980s and 1990s, using a variety of econometricmethods...br>

This paper shows that preferences alone cannot explain the patterns reported in the literature.

Investors in hedge funds and commodity trading advisors [CTAs] are naturally concerned with risk as well as return. In this paper, we investigate risk of hedge funds and CTAs in light of managerial career concerns.(...)

The rent-seeking model of Tullock (1980) has stimulated a large literature on rent-seekingcontests, of which Hillman (1989) and Nitzan (1994) provide useful surveys. AlthoughTullock's 'winner take all' model has been adapted and extended in numerous ways, thereremain fundamental modeling issues,...

Das multivariate Analyseverfahren der Kausalanalyse gewinnt zunehmend an Bedeutung für die Untersuchung komplexer betriebswirtschaftlicher Zusammenhänge. Neben dem im deutschsprachigen Raum etablierten Verfahren der Kovarianzstrukturanalyse zur Schätzung von Kausalmodellen wird im...

We present the asymptotic properties of double-stage quantile regressionestimators with random regressors, where the first stage is based on quantile regressionswith the same quantile as in the second stage, which ensures robustness of the estimationprocedure. We derive invariance properties...