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After describing the essential features of the book market, a welfare analysis of the fixed book price agreement is given. Allowance is made for the opportunity cost of reading. Theoretically, the agreement pushes up book prices and depresses book sales. However, more titles will be published,...
Persistent link: https://www.econbiz.de/10011507914
This paper estimates a bivariate VAR-GARCH(1,1) model to examine linkages between food and energy prices. The adopted framework is suitable to analyse both mean and volatility spillovers, and also allows for possible parameter shifts resulting from four recent events, namely: 1) the 2006 food...
Persistent link: https://www.econbiz.de/10010498617
Given significant expenditures on education technologies, an important question is whether these products are adopted …
Persistent link: https://www.econbiz.de/10011541111
It is a well known fact that economic development and distance to the equator are positively correlated variables in the world today. It is perhaps less well known that as recently as 1500 C.E. it was the other way around. The present paper provides a theory of why the "latitude gradient"...
Persistent link: https://www.econbiz.de/10011774936
While leveraging parents has the potential to increase student performance, programs that do so are often costly to implement or they target younger children. We partner text-messaging technology with school information systems to automate the gathering and provision of information to parents at...
Persistent link: https://www.econbiz.de/10011658035
Research studying connections between crime and education is a prominent aspect of the big increase of publication and … research interest in the economics of crime field. This work demonstrates a crime reducing impact of education, which can be … interpreted as causal through leveraging research designs (e.g., based on education policy changes) that ensure the direction of …
Persistent link: https://www.econbiz.de/10015098715
The multitude of tasks performed in the labor market requires skills in many dimensions. Traditionally, human capital has been proxied primarily by educational attainment. However, an expanding body of literature highlights the importance of various skill dimensions for success in the labor...
Persistent link: https://www.econbiz.de/10015081348
income for different education groups and to estimate the level of consumption smoothing. We split households into three … groups based on educational attainment: primary education, secondary school, and university. We find that the university … with less education. This implies that investing in education is an investment not only in higher income and sometimes more …
Persistent link: https://www.econbiz.de/10013287969
I extend multi-unit auction estimation techniques to a setting in which firms can express cost complementarities over time. In the context of electricity markets, I show how the auction structure and bidding data can be used to estimate these complementarities, which in these markets arise due...
Persistent link: https://www.econbiz.de/10010356362
This paper explores an equilibrium model for industry entry dynamics and technological change. We focus on the share valuation of firms in the transition as technology changes, and whether or not share prices are always increasing when technology improves. We find that there can be a U-shaped...
Persistent link: https://www.econbiz.de/10011408812