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provenance of the artwork, omitted variables in most previous studies, seem to be more important determinants of the sale price … in predicting whether or not an artwork sells at auction, (3) there is little supporting evidence for the widespread …;), although (4) there is strong evidence in our data for the declining price anomaly, or quot;afternoon effect.quot …
Persistent link: https://www.econbiz.de/10012705816
When a multi-plant firm must close one unit due to declining demand it can choose between two alternatives. On the one hand, the firm can announce a certain span of time in which the plants are evaluated according to relative performance with the least performing plant being shut down in the end...
Persistent link: https://www.econbiz.de/10013145195
allocation decisions. We define a measure of the price of impure altruism as the additional proportion of income sacrificed by a … predictions of the model we ran an experiment in which we varied within-subjects the costs and benefits of monetary and volunteer … the donor (impure warm-glow altruism). Consistent with the model's predictions, the experiment shows that priming pure …
Persistent link: https://www.econbiz.de/10013080136
In this paper we discuss tests for residual cross section dependence in nonlinear panel data models. The tests are …
Persistent link: https://www.econbiz.de/10014051110
We use panel data for rural Kyrgyzstan to examine households' international migration response when faced with shocks …
Persistent link: https://www.econbiz.de/10013250256
Models with high dimensional sets of fixed effects are frequently used to examine, among others, linked employer-employee data, student outcomes and migration. Estimating these models is computationally difficult, so simplifying assumptions that are likely to cause bias are often invoked to make...
Persistent link: https://www.econbiz.de/10012966061
There is potential for measurement problems in both retrospective and panel microdata. In this paper we compare results … on basic indicators related to labor markets and their dynamics from retrospective and panel survey data in Egypt, in … of reporting of time-invariant characteristics in different waves of the panel, (2) compare the retrospective and panel …
Persistent link: https://www.econbiz.de/10012946570
A substantial and rapidly growing literature has developed around estimating earnings gains from two-year college degrees using administrative data. These papers almost universally employ a person-level fixed effects strategy to estimate earnings premia net of fixed attributes. We note that the...
Persistent link: https://www.econbiz.de/10012906533
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using …
Persistent link: https://www.econbiz.de/10013136709
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …
Persistent link: https://www.econbiz.de/10013137243