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Bayesian panel quantile regression for binary outcomes with correlated random effects : an application on crime recidivism in Canada
Bresson, Georges; Lacroix, Guy; Rahman, Mohammad Arshad - 2020
This article develops a Bayesian approach for estimating panel quantile regression with binary outcomes in the presence of correlated random effects. We construct a working likelihood using an asymmetric Laplace (AL) error distribution and combine it with suitable prior distributions to obtain...
Persistent link: https://www.econbiz.de/10012163022
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Reputation and credit market formation : how relational incentives and legal contract enforcement interact
Fehr, Ernst; Zehnder, Christian - 2009
The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...
Persistent link: https://www.econbiz.de/10003884085
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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10003894440
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Greasing the wheels of international commerce : how services facilitate firms’ international sourcing
Debaere, Peter; Görg, Holger; Raff, Horst - 2010
We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...
Persistent link: https://www.econbiz.de/10003937886
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Relational contracts and the economic well-being of nations
Kukharskyy, Bohdan; Pflüger, Michael - 2010
, Gibbons and Murphy (2002). -- aggregate welfare ; theory of the firm ; relational contracting ; firm heterogeneity …
Persistent link: https://www.econbiz.de/10009314275
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Management incentives, signaling effects and the costs of vertical integration
Sliwka, Dirk (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001784303
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Stochastic complementarity
Manzini, Paola; Mariotti, Marco; Ülkü, Levent - 2018
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying...
Persistent link: https://www.econbiz.de/10011795820
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Do cash windfalls affect wages? : evidence from R&D grants to small firms
Howell, Sabrina T.; Brown, J. David - 2020
This paper examines how employee earnings at small firms respond to a cash flow shock in the form of a government R&D grant. We use ranking data on applicant firms, which we link to IRS W2 earnings and other U.S. Census Bureau datasets. In a regression discontinuity design, we find that the...
Persistent link: https://www.econbiz.de/10012164744
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How to control for many covariates? : reliable estimators based on the propensity score
Huber, Martin; Lechner, Michael; Wunsch, Conny - 2010
usually employed for the evaluation of labour market programmes in Germany. We vary several dimensions of the design that are …
Persistent link: https://www.econbiz.de/10009154559
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The covariance structure of East and West German incomes and its implications for the persistence of poverty and inequality
Biewen, Martin - 2002
Germany in the eighties and nineties. Special emphasis is given to the separation of permanent and transitory components, the … that 52 to 69 percent of income inequality in West Germany were due to permanent differences between individuals and that … poor individuals stayed in poverty for two years on average. In East Germany, the contribution of the permanent component …
Persistent link: https://www.econbiz.de/10011406904