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Sectoral Trade Freeness and Agglomeration in the EU: An Empirical Test Strategy

Cafiso, Gianluca - CESifo - 2012

different bootstrap distributions. …

Persistent link: https://www.econbiz.de/10010877933

Short and Long-run Behaviour of Long-term Sovereign Bond Yields

Afonso, António; Rault, Christophe - CESifo - 2010

determinants, we resort to simulation and bootstrap methods for the analysis. Results based on the Common Correlated Effect …

Persistent link: https://www.econbiz.de/10008727299

Long-run Determinants of Sovereign Yields

Afonso, António; Rault, Christophe - CESifo - 2010

We study sovereign bond yields in OECD countries with a dynamic panel by checking for cross-section dependence; assessing panel cointegration; and estimating panel error-correction models. The results show that markets consider budgetary and external imbalances and inflation as relevant...

Persistent link: https://www.econbiz.de/10008498994

The Importance of the Electoral Rule: Evidence from Italy

Bordignon, Massimo; Monticini, Andrea - CESifo - 2011

We employ bootstrap methods (Efron (1979)) to test the effect of an important electoral reform implemented in Italy …

Persistent link: https://www.econbiz.de/10008853865

Delayed Action and Uncertain Targets. How Much Will Climate Policy Cost?

Bosetti, Valentina; Carraro, Carlo; Sgobbi, Alessandra; … - CESifo - 2008

. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding … this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … computing the optimal abatement strategy in the presence of uncertainty about a global stabilisation target (which will be …

Persistent link: https://www.econbiz.de/10005406321

The Value of a Statistical Life under Ambiguity Aversion

Treich, Nicolas - CESifo - 2008

We show that ambiguity aversion increases the value of a statistical life as soon as the marginal utility of wealth is higher if alive than dead. The intuition is that ambiguity aversion has a similar effect as an increase in the perceived baseline mortality risk, and thus operates as the...

Persistent link: https://www.econbiz.de/10005406403

Assessing Horizontal Mergers under Uncertain Efficiency Gains

Choné, Philippe; Linnemer, Laurent - CESifo - 2006

examines the role of uncertainty (on the efficiency gains) in this tradeoff. Common wisdom is that the antitrust authorities … are uncertain would not be theoretically founded. Indeed, the attitude towards uncertainty depends on the curvature of the …

Persistent link: https://www.econbiz.de/10005416449

Growth and Mitigation Policies with Uncertain Climate Damage

Bretschger, Lucas; Vinogradova, Alexandra - CESifo - 2014

Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural disasters are multiple and random, with damages driven by the economy’s polluting activity. We provide a...

Persistent link: https://www.econbiz.de/10011082827

Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma

Barrett, Scott; Dannenberg, Astrid - CESifo - 2014

According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...

Persistent link: https://www.econbiz.de/10010734324

The Surprisingly Swift Decline of U.S. Manufacturing Employment

Pierce, Justin R.; Schott, Peter K. - CESifo - 2014

This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...

Persistent link: https://www.econbiz.de/10010734330