Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we … estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is … bias and the bias in consumer price index (CPI) numbers. The PPP bias and subsequent corrected incomes are measured by …

The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method … confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income … implement the Translated Engel curve (TEC) method that disentangles genuine CPI bias from differences caused by comparing …

bias is persistent and robust to several model extensions. Implications for the optimal design of intellectual property …

to a fiscal deficit bias at the early stages of financial liberalization. When countries differ in terms of capital …. Consistent with theory, I find that stronger tax competition increases deficits in a sample of OECD countries, controlling for …

, this channel for supply-driven media bias has not previously been analyzed in economics literature. We model the … provide to a media firm. Strategic interactions between these agents may have a significant impact on the level of media bias …