Adolescent romantic relationships are sources of social influence concerning educational achievement and delinquent behavior. Integrated schooling is known to induce inter-ethnic friendship relations, however, it also creates the opportunity of inter-ethnic dating. Based on contact theory,...

We estimate the gender pay gap with the traditional OLS based Blinder-Oaxaca decomposition, and with an extension using Random Forest (RF) regressions on Hungarian data for the years 2008-2016. Random Forests perform better as predictors out-of-sample and yield consistently lower estimates for...

Under perfect competition and constant returns to scale, firms producing homogeneous products set their prices at their marginal costs which also equal their average costs. However, the departure from these standard assumptions has important implications with respects to the derived theoretical...