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The recent dramatic fall in oil prices has led to extensive capital rationing in international oil companies, and subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not adequately addressed by the large literature on international...
Persistent link: https://www.econbiz.de/10012958877
We develop a model of rational bubbles based on leverage and the assumption of an imprecisely known maximum market size. In a bubble, traders push the asset price above its fundamental value in a dynamic way, driven by rational expectations about future price developments. At a previously...
Persistent link: https://www.econbiz.de/10012899999
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013120907
that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …
Persistent link: https://www.econbiz.de/10013107349
Using data from late 19th and early 20th century US prisons, this study estimates the basal metabolic rates and calories for Americans of European descent. Throughout the 19th century, white basal metabolic rates (BMRs) and calories declined across their respective distributions, and much of the...
Persistent link: https://www.econbiz.de/10013050417
understood. This study fills part of this gap by analyzing the effect of sports club participation, one of the most popular extra …
Persistent link: https://www.econbiz.de/10013118501
Hosting a mega-event is a costly activity of short duration. Still, cities frequently compete to become host of all types of events. This paper examines the effect of staging the largest and most important sporting event in the world, the Summer Olympic Games, on the host city. Applying a...
Persistent link: https://www.econbiz.de/10013076734
Based on the Canadian National Population Health Survey we estimate the effects of individual sports and exercise on …
Persistent link: https://www.econbiz.de/10013057258
Based on a unique composite dataset measuring heterogeneous sports participation, labour market outcomes and local … facilities provision, this paper examines for the first time the association between different types of sports participation on … employment and earnings in England. Clear associations between labour market outcomes and sports participation are established …
Persistent link: https://www.econbiz.de/10013315710
This paper studies how surveillance cameras affect unruly spectator behaviour in the highest Swedish soccer league. Swedish stadiums introduced surveillance cameras at different points in time during the years 2000 and 2001. I exploit the exogenous variation that occurred due to differences...
Persistent link: https://www.econbiz.de/10013316534