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Longitudinal Analysis of Generic Substitution

Dalen, Dag Morten; Locatelli, Marilena; Strøm, Steinar - CESifo - 2010

Using an extensive longitudinal dataset extracted from the Norwegian Prescription Database (NorPD) containing all prescriptions written in the period January 2004 to June 2007, we selected two particular drugs (chemical substances) used against cholesterol. The two brand-name products on the...

Persistent link: https://www.econbiz.de/10008671717

Do Stringent Environmental Policies Deter FDI? M&A versus Greenfield

Bialek, Sylwia; Weichenrieder, Alfons - CESifo - 2015

This study examines how environmental stringency affects the location decision of foreigndirect investments. We analyze a firm-level data set on German outbound FDI and innovate onprevious studies by controlling for the mode of entry and applying the mixed-logit analysis. Theresults show that...

Persistent link: https://www.econbiz.de/10011205378

Heterogeneity in Exchange Rate Expectations: Evidence on the Chartist-Fundamentalist Approach

Menkhoff, Lukas; Rebitzky, Rafael R.; Schröder, Michael - CESifo - 2008

This paper examines heterogeneity in exchange rate expectations. Whereas agents’ heterogeneity is key in modern … exchange rate models, evidence on determinants of heterogeneity is weak so far. Our sample, covering expectations from about … heterogeneity. The risk premium influences heterogeneity as well, but possible impacts from macroeconomic variables and exchange …

Persistent link: https://www.econbiz.de/10005765679

Survey Expectations

Pesaran, M. Hashem; Weale, Martin - CESifo - 2005

. Alternative models of expectations formation are reviewed and the importance of allowing for heterogeneity of expectations is …

Persistent link: https://www.econbiz.de/10005765808

Estimation and Inference in Large Heterogenous Panels with Cross Section Dependence

Pesaran, M. Hashem - CESifo - 2003

This paper presents a new approach to estimation and inference in panel data models with unobserved common factors possibly correlated with exogenously given individual-specific regressors and/or the observed common effects. The basic idea behind the proposed estimation procedure is to filter...

Persistent link: https://www.econbiz.de/10005766003

Firm Heterogeneity and Credit Risk Diversification

Hanson, Samuel; Pesaran, M. Hashem; Schuermann, Til - CESifo - 2005

assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm heterogeneity. The theoretical … portfolio weights. In either case, neglecting parameter heterogeneity can lead to underestimation of expected losses. But, once … expected losses are controlled for, neglecting parameter heterogeneity can lead to overestimation of risk, whether measured by …

Persistent link: https://www.econbiz.de/10005766213

Should we Subsidize Longevity?

Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Grégory - CESifo - 2009

This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...

Persistent link: https://www.econbiz.de/10005000380

Price Dispersion in the Euro Area: The Case of a Symmetric Oil Price Shock

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - CESifo - 2009

according to the impact of the oil price shock on the overall price level. While cross–country heterogeneity in the short …–run pass–through can be attributed to different weights of energy items in the consumption basket, heterogeneity in the medium …

Persistent link: https://www.econbiz.de/10005013058

Voting on Punishment Systems within a Heterogeneous Group

Noussair, Charles; Tan, Fangfang - CESifo - 2009

We consider a voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...

Persistent link: https://www.econbiz.de/10005013941

Macroeconomic Consequences of Distributional Conflicts

Schäfer, Andreas; Steger, Thomas - CESifo - 2007

inconsistency problem; (ii) strategic interaction in the political process; (iii) heterogeneity among individuals and the resulting …

Persistent link: https://www.econbiz.de/10005405988