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EU banks rating assignments : is there heterogeneity between new and old member countries?
Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2010
We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … aim is to assess whether "old" and "new" EU countries are rated differently and to determine whether "new" ones are … intercepts) are a crucial determinant of ratings. Whilst "new" EU countries typically have lower ratings than "old" ones, after …
Persistent link: https://www.econbiz.de/10003974520
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How informative are the subjective density forecasts of macroeconomists?
Kenny, Geoff; Kostka, Thomas; Masera, Federico - 2011
functions which evaluate the entire predictive densities, including an evaluation of the impact of density features such as … individual density forecast performance. -- density forecasts ; forecast evaluation ; real-time data ; Survey of Professional …
Persistent link: https://www.econbiz.de/10009387222
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The war on illegal drugs in producer and consumer countries : a simple analytical framework
Mejía, Daniel (contributor) - 2008
the trade-off faced by the government of the drug consumer country between prevention policies (aimed at reducing the … model, such as the price elasticity of demand for cocaine; the effectiveness of prevention and treatment policies; and the … relative effectiveness of interdiction efforts. -- War on drugs ; conflict ; enforcement ; prevention and treatment policies …
Persistent link: https://www.econbiz.de/10003790762
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Globalization and the price decline of illicit drugs
Costa, Cláudia (contributor); De Grauwe, Paul (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497656
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'High' achievers? : cannabis access and academic performance
Marie, Olivier; Zölitz, Ulf - 2015
This paper investigates how legal cannabis access affects student performance. Identification comes from an exceptional policy introduced in the city of Maastricht which discriminated legal access based on individuals’ nationality. We apply a difference-in-difference approach using...
Persistent link: https://www.econbiz.de/10010509649
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Fueling organized crime : the Mexican War on Drugs and oil thefts
Battiston, Giacomo; Daniele, Gianmarco; Le Moglie, Marco; … - 2022
We show that the War on Drugs launched by the Mexican President Felipe Calderón in 2007 pushed drug cartels into large-scale oil thefts. Municipalities that the presidential candidate’s party barely won at the local elections in 2007-2009 exhibit a larger increase in illegal oil taps over the...
Persistent link: https://www.econbiz.de/10012801469
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Behavioral responses to supply-side drug policy during the opioid epidemic
Balestra, Simone; Liebert, Helge; Maestas, Nicole; … - 2022
We investigate behavioral responses to a staggered disruption in the supply of prescription opioids across U.S. states: the introduction of electronic Prescription Drug Monitoring Programs (PDMPs). Using administrative datasets, we find PDMPs curtail the proliferation of prescription opioids....
Persistent link: https://www.econbiz.de/10013177127
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Weeding out the dealers? : the economics of cannabis legalization
Auriol, Emmanuelle; Mesnard, Alice; Perrault, Tiffanie - 2020
We model consumer choices for cannabis in a risky environment and determine the supply of cannabis under prohibition and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis consumption. We show that this trade-off can be overcome by...
Persistent link: https://www.econbiz.de/10012304299
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Firms and labor in times of violence : evidence from the Mexican drug war
Utar, Hâle - 2018
Violence in Mexico has reached unprecedented levels in recent times. After the government began a crackdown on drug cartels, nation-wide homicides almost tripled between 2006 and 2010. Using rich longitudinal plant-level data, this paper studies the impact of violent conflict on firms,...
Persistent link: https://www.econbiz.de/10011931390
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The engine immobilizer : a non-starter for car thieves
Ours, Jan C. van; Vollaard, Ben A. - 2013
We provide evidence for a beneficial welfare impact of a crime policy that is targeted at strengthening victim precaution. Regulation made application of the electronic engine immobilizer, a simple and low-cost anti-theft device, mandatory for all new cars sold within the European Union as of...
Persistent link: https://www.econbiz.de/10009700313