The stochastic frontier model was first proposed in the context of production function estimation to account for the effect of technical inefficiency. The inefficiency causes actual output to fall below the potential level (that is, the production frontier) and also raises production cost above...

In recent years, major advances have taken place in three areas of random utility modeling: (1) semiparametric estimation, (2) computational methods for multinomial probit models, and (3) computational methods for Bayesian stimation. This paper summarizes these developments and discusses their...

Difference-in-differences with matching is a popular method in impact evaluation. Traditional impact evaluation methods including difference-in-differences with matching often deal with impact measurement of a single binary program. Imbens (1999) and Lechner (2001) extend the matching method to...

The employability of graduates remains a concern, most particularly at times like the present where the unemployment rate tends to rise, and that higher education graduates are facing greater difficulties in accessing the labour market in Europe. Notably, women are characterized by higher...

The paper considers the line city model of spatial competition with the exogenous Stackelberg competition. With low transport costs, firms' equilibrium locations are in the center of the market. The leader profit is twice as big as the follower's profit, the price is minimum and the quantity is...

In this paper I provide new evidence on the implications of treatment effect heterogeneity for least squares estimation when the effects are inappropriately assumed to be homogenous. I prove that under a set of benchmark assumptions linear regression provides a consistent estimator of the...

Using two surveys from Bangladesh, this paper provides evidence on the effects of microfinance competition on village moneylender interest rates and households’ dependence on informal credit. The views among practitioners diverge sharply: proponents claim that MFI competition reduces both the...

We explore the effect of cross-sectional aggregation of data on estimation and test of asymmetric retail fuel price responses to wholesale price shocks. The analysis is performed on data collected daily from individual fuel stations in the Spanish metropolitan areas of Madrid and Barcelona....

Evaluating the environmental performance of a building is rapidly gaining importance as a metric in real estate investments. Since interpretation of the technical measurements is difficult and requires high expertise, investors tend to rely on markers as provided by environmental certification...

The high level of graduate unemployment, even though has been acknowledged as one of the most distinctive characteristics of the Greek labour market, has not attracted enough attention in the academic literature. This paper utilizes the recently available micro-data from the Greek Labour Force...