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The Simple Economics of Open Source
Tirole, Jean; Lerner, Josh - 2021
There has been a recent surge of interest in open source software development, which involves developers at many … exploration of the economics of open source software. We highlight the extent to which labor economics, especially the literature …
Persistent link: https://www.econbiz.de/10013234368
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Quality Certification and the Economics of Contract Software Development a Study of the Indian Software Industry
Arora, Ashish; Asundi, Jai - 2021
A significant amount of software development is being outsourced to countries such as India. Many Indian software firms … have applied for and received quality certifications like the ISO9001, and the number of quality certified software firms … has steadily increased. Despite its growing popularity among Indian software developers, there is very little systematic …
Persistent link: https://www.econbiz.de/10013229817
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A New Use of Importance Sampling to Reduce Computational Burden in Simulation Estimation
Ackerberg, Daniel A. - 2011
Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model...
Persistent link: https://www.econbiz.de/10013127757
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Inflation-Indexed Bonds and the Expectations Hypothesis
Pflueger, Carolin E. - 2011
This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...
Persistent link: https://www.econbiz.de/10013127982
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School Admissions Reform in Chicago and England : Comparing Mechanisms by Their Vulnerability to Manipulation
Pathak, Parag A. - 2011
In Fall 2009, officials from Chicago Public Schools changed their assignment mechanism for coveted spots at selective college preparatory high schools midstream. After asking about 14,000 applicants to submit their preferences for schools under one mechanism, the district asked them re-submit...
Persistent link: https://www.econbiz.de/10013130257
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Inflation Targeting
Svensson, Lars E. O. - 2011
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast and has been called forecast targeting, and a high degree of transparency and accountability....
Persistent link: https://www.econbiz.de/10013131986
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The State of Corporate Governance Research
Bebchuk, Lucian A. - 2011
This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...
Persistent link: https://www.econbiz.de/10013134144
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Long-Run PPP May Not Hold after All
Engel, Charles M. - 2010
Recent tests using long data series find evidence in favor of long-run PPP (by rejecting either the null hypothesis of unit roots in real exchange rates or the null of no cointegration between nominal exchange rates and relative prices.) These tests may have reached the wrong conclusion. Monte...
Persistent link: https://www.econbiz.de/10013135309
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Analyzing Compensation Methods in Manufacturing : Piece Rates, Time Rates, or Gain-Sharing?
Helper, Susan - 2010
Economists have often argued that "pay for performance" is the optimal compensation scheme. However, use of the simplest form of pay for performance, the piece rate, has been in decline in manufacturing in recent decades. We show both theoretically and empirically that these changes are due to...
Persistent link: https://www.econbiz.de/10013135877
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Government, Openness and Finance : Past and Present
Demetriadis, Panicos - 2010
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020