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Grade inflation, social background, and labour market matching
Schwager, Robert (contributor) - 2008
based on grades received at school. It is examined how this matching is affected if good grades are granted to some low …
Persistent link: https://www.econbiz.de/10003751787
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Estimation of dynamic discrete choice models by maximum likelihood and the simulated method of moments
Eisenhauer, Philipp; Heckman, James J. - 2014
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010424834
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An information economics perspective on main bank relationships and firm R&D
Höwer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R …&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically … value of their R&D activities and as a result reduce the information deficits that block the availability of external …
Persistent link: https://www.econbiz.de/10009270085
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Human capital creates insider power
Muysken, Joan; Zwick, Thomas - 1999
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10011442687
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Do consumers benefit from concentration in the New Economy? : a review of Google's mergers, acquisitions, and arrangements
Beschorner, Patrick Frank Ernst (contributor) - 2008
Within the last three years, Google has acquired YouTube and DoubleClick and has attempted to control part of Yahoo!'s search advertising business. Two of the deals have not raised antitrust concerns by competition authorities. I review these deals with a focus on consumer welfare. Consumers are...
Persistent link: https://www.econbiz.de/10003793997
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What do economists tell us about venture capital contracts?
Tykvová, Tereza - 2000
Venture capital markets are characterized by multiple incentive problems and asymmetric information in an uncertain …
Persistent link: https://www.econbiz.de/10011445155
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Early smoking, education, and labor market performance
Palali, Ali - 2015
Persistent link: https://www.econbiz.de/10011349951
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Nomination contests : theory and empirical evidence from professional soccer
Miklós-Thal, Jeanine; Ullrich, Hannes - 2009
This paper develops a theory of contests based on perceived abilities, and provides evidence for the predictions of this theory using panel data from professional soccer. We examine how soccer players perform in club matches during the informal)nomination contests for national teams prior to an...
Persistent link: https://www.econbiz.de/10003857722
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Noncognitive skills in economics : models, measurement, and empirical evidence
Thiel, Hendrik; Thomsen, Stephan L. - 2009
There is an increasing economic literature considering personality. This paper provides an overview on the role of these skills regarding three main aspects of economic analysis: measurement, theoretical modeling, and empirical estimates. Based on the relevant literature from different...
Persistent link: https://www.econbiz.de/10003903035
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Noncognitive skills in economics : models, measurement, and empirical evidence
Thiel, Hendrik; Thomsen, Stephan L. - 2011 - Revised version: November 15, 2011
There is an increasing economic literature considering personality traits as a source of individual differences in labor market productivity and other outcomes. This paper provides an overview on the role of these skills regarding three main aspects: measurement, development over the life...
Persistent link: https://www.econbiz.de/10009424169