Showing 1 - 10 of 503
Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...
Persistent link: https://www.econbiz.de/10012457545
Employing a wide range of individual-level surveys, we study the extent of cultural and institutional heterogeneity within the EU and how this changed between 1980 and 2008. We present several novel empirical regularities that paint a complex picture. While Europe has experienced both systematic...
Persistent link: https://www.econbiz.de/10012455356
Orson Wells made Citizen Kane, his greatest movie, when he was 25 years old; Frank Lloyd Wright designed Fallingwater, his most famous house, when he was 70. Contrasts as great as this raise the question of whether there is a general explanation of when in their lives great innovators are most...
Persistent link: https://www.econbiz.de/10012468178
Some important novelists have written a great novel early in their careers and have produced lesser works thereafter, whereas others have improved their work gradually over long periods and have made their major contributions late in their lives. Which of these patterns a novelist follows...
Persistent link: https://www.econbiz.de/10012468481
-existing levels of protection, this chapter introduces a new data set of publishers' payments to authors of British fiction between … 1800 and 1830. These data indicate that payments to authors nearly doubled following an increase in the length of copyright …
Persistent link: https://www.econbiz.de/10012459142
Economics and Statistics. We match papers to the publication records of authors at the time of submission and to subsequent … referees' evaluations, however, papers by highly-published authors get more citations, suggesting that referees impose a higher … bar for these authors, or that prolific authors are over-cited. Editors only partially offset the referees' opinions …
Persistent link: https://www.econbiz.de/10012455399
.8 million books by 800,000 Goodreads users, I develop measures of both the supply of new books by male and female authors, as … female-authored books. While revenue gains to female authors come partly at the expense of male authors, gains to consumers …
Persistent link: https://www.econbiz.de/10014226184
This paper examines the effect of volatility on the costs and benefits of financial market integration. The basic framework combines the costly state verification model and the contract enforceability approach. The welfare effects of financial market integration are assessed by comparing welfare...
Persistent link: https://www.econbiz.de/10012472031
Patterns of political unification and fragmentation have crucial implications for comparative economic development. Diamond (1997) famously argued that "fractured land" was responsible for China's tendency toward political unification and Europe's protracted political fragmentation. We build a...
Persistent link: https://www.econbiz.de/10012481077
We analyze the conduct of fiscal policy in a financially integrated union in the presence of financial frictions. Frictions create a wedge between the return to investment and the union interest rate. This leads to an over-spending externality. While the social cost of spending is the return to...
Persistent link: https://www.econbiz.de/10012481134