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Survey forecasts are prone to entry and exit of forecasters as well as forecasters not contributing every period …
Persistent link: https://www.econbiz.de/10014290113
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on … that in the case of the EU, an exit-voice logic lies at the basis of Article 50. More generally, in heterogeneous (quasi …-)federations formed through voluntary accession, prospective members may require an exit right in order to join, especially if they will …
Persistent link: https://www.econbiz.de/10011931928
concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …
Persistent link: https://www.econbiz.de/10010264415
In this first empirical analysis of how sanctions affect international migration, we apply two estimation strategies, a panel difference-in-differences model and an event study approach. Our dataset covers 79,791 dyad-year observations, reflecting migration flows from 157 origin countries to 32...
Persistent link: https://www.econbiz.de/10014469523
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are … the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the …-2012, and find that both increased short-run profitability and a higher capital stock lowers the exit probability - this effect …
Persistent link: https://www.econbiz.de/10010480899
' inflation aversion and exit costs. …
Persistent link: https://www.econbiz.de/10010500404
, in a fairly general setting in which the likelihood of exit is affected by the degree of cooperation, that the … possibility of exit reduces the optimal degree of initial cooperation. “Full” cooperation will never be optimal, and the optimal … degree of cooperation will never be such as to “squeeze out” any possibility of exit. However, an increase in global …
Persistent link: https://www.econbiz.de/10011815834
Historically, dissolutions of currency unions are not unusual. I use an annual panel data set covering 245 country pairs that use a common currency (of which 128 are dissolved) from 1948 through 1997 to characterize currency union exits. I find that departures from a currency union tend to occur...
Persistent link: https://www.econbiz.de/10010315826
collateralizable housing wealth in a region delays chains' entry into franchising by 0.28 years on average, 9 percent of the average …
Persistent link: https://www.econbiz.de/10010328771
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the … market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments …
Persistent link: https://www.econbiz.de/10010352347