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Compensation in Personal Injury Cases : Mean or Median Income?
Danziger, Leif - 2019
percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …
Persistent link: https://www.econbiz.de/10012866040
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Spite in Litigation
Mill, Wladislaw; Stäbler, Jonathan - 2023
This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...
Persistent link: https://www.econbiz.de/10014260383
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Exchange Rates and Consumer Prices : Evidence from Brexit
Breinlich, Holger - 2020
This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import costs across product groups. We show that, after the...
Persistent link: https://www.econbiz.de/10012844422
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International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area
Peersman, Gert - 2019
This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics using a structural VAR model that is identified with an external instrument (i.e. a series of global harvest shocks). The results reveal that exogenous food commodity price...
Persistent link: https://www.econbiz.de/10012892245
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Vehicle Currency Pricing and Exchange Rate Pass-Through
Chen, Natalie - 2019
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of transactions in our sample invoiced in neither sterling nor the exporter’s currency. We then study the relationship between invoicing currency...
Persistent link: https://www.econbiz.de/10012867016
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Urban Wage Premia, Cost of Living, and Collective Bargaining
Belloc, Marianna - 2020
In this paper, we estimate the urban wage premia (UWP) in Italy, with its economy characterized by the interplay between collective bargaining and spatial heterogeneity in the cost of living. We implement a reduced-form regression analysis using both nominal and real (in temporal and spatial...
Persistent link: https://www.econbiz.de/10012851028
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On the Pass-Through of Large Devaluations
Casacuberta, Carlos; Licandro, Omar - 2023
In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...
Persistent link: https://www.econbiz.de/10014357036
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Exchange Rate Pass-Through to Food and Energy Consumer Price Inflation
Moessner, Richhild - 2023
This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and candidate economies with quarterly data from 1994 to...
Persistent link: https://www.econbiz.de/10014264164
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Effects of Precipitation on Food Consumer Price Inflation
Moessner, Richhild - 2022
We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI Phillips curves across countries for 34 OECD member and candidate economies from 1985 to 2010 augmented with climate variables. We allow for nonlinear effects of precipitation...
Persistent link: https://www.econbiz.de/10014244341
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Shareholder Liability and Bank Failure
Aldunate, Felipe; Jenter, Dirk; Korteweg, Arthur G.; … - 2021
Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …
Persistent link: https://www.econbiz.de/10013220132