Showing 1 - 10 of 11
education, assuming that the institutional setup of the school system remains unchanged. …
Persistent link: https://www.econbiz.de/10010264532
We show that, when school quality is measured by the educational standard and attaining the standard requires costly … relatively high cost of effort, who would find the high standards of the public school excessively demanding. With the key …
Persistent link: https://www.econbiz.de/10010261149
What determines whether or not multinational firms transplant the mode of organisation to other countries? We embed the theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic environment may affect the decision of multinational...
Persistent link: https://www.econbiz.de/10012860290
demonstrate the economic and welfare impact of recent pension reform in Austria …
Persistent link: https://www.econbiz.de/10013316657
awards, together with a mix of taxes on parental income, and on the return to educational investment. It also makes school …
Persistent link: https://www.econbiz.de/10010270527
We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate earning ability, thereby mitigating the...
Persistent link: https://www.econbiz.de/10010261166
This paper analyzes housing market reactions to the release of previously unpublished information on school quality …. Using the sharp discontinuity in the information environment allows us to study price changes within school catchment areas …, thus controlling for neighborhood unobservables. We find a substantial housing market reaction to publication of school …
Persistent link: https://www.econbiz.de/10010264360
This paper presents a generalized moments (GM) approach to estimating an R-th order spatial regressive process in a panel data error component model. We derive moment conditions to estimate the parameters of the higher order spatial regressive process and the optimal weighting matrix required to...
Persistent link: https://www.econbiz.de/10010264361
demonstrate the economic and welfare impact of recent pension reform in Austria. …
Persistent link: https://www.econbiz.de/10010264263
We show that for a spatially differentiated economy reduced product variety is the likely outcome of mergers except in cases where exit costs in relation to (outlet-specific) fixed costs are high. Our empirical analysis of the Austrian retail gasoline market confirms that increases in...
Persistent link: https://www.econbiz.de/10010261269