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Privatization, Political Risk and Stock Market Development in Emerging Economies
Perotti, Enrico C.; van Oijen, Pieter - 1999
This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with …
Persistent link: https://www.econbiz.de/10010324472
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Learning Dynamics and the Support for Economic Reforms: Why Good News can be Bad
van Wijnbergen, Sweder; Willems, Tim - 2012
Support for economic reforms has often shown puzzling dynamics: there are many examples of reforms that started off successfully but nevertheless lost public support, and vice versa. We show that learning dynamics can rationalize this apparent paradox, the reason being that the process of...
Persistent link: https://www.econbiz.de/10010326523
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Welfare Effects of Road Pricing and Traffic Information Under Alternative Ownership Regimes
Gubins, Sergejs - 2010
This paper models strategic interactions between a product supplier, a provider of information about product quality, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies, we assess the social welfare effects of traffic...
Persistent link: https://www.econbiz.de/10013138513
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Social Preferences in Private Decisions
Linde, Jona - 2012
Social preference models were originally constructed to explain two things: why people spend money to affect the earnings of others and why the income of others influences reported happiness. We test these models in a novel experimental situation where participants face a risky decision that...
Persistent link: https://www.econbiz.de/10013112999
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Auctions for Private Congestible Infrastructures
van den Berg, Vincent A.C - 2013
This paper investigates regulation by auctions of private supply of congestible infrastructures in two networks settings: 1) two serial facilities, where the consumer has to use both in order to consume; and 2) two parallel facilities that are imperfect substitutes. There are four market...
Persistent link: https://www.econbiz.de/10014166117
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ICT and Substitution between Out-of-home and At-home Work; the Importance of Timing
de Graaff, Thomas; Rietveld, Piet - 2003
This paper investigates the determinants of at home and out-of-home labor supply in the Netherlands in the 199s …
Persistent link: https://www.econbiz.de/10010324753
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Bayesian Combinations of Stock Price Predictions with an Application to the Amsterdam Exchange Index
Billio, Monica - 2012
We summarize the general combination approach by Billio et al. [2010]. In the combination model the weights follow logistic auto-regressive processes, change over time and their dynamics are possible driven by the past forecasting performances of the predictive densities. For illustrative...
Persistent link: https://www.econbiz.de/10013114729
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Long-Run vs. Short-Run Perspectives on Consumer Scheduling : Evidence from a Revealed-Preference Experiment Among Peak-Hour Road Commuters
Peer, Stefanie - 2011
Theoretical and empirical studies of consumer scheduling behavior in commuting, and the associated valuation of time and schedule delays usually ignore that consumers have more exibility to adjust their schedule in the longer run than in the shorter run, implying that also these valuations may...
Persistent link: https://www.econbiz.de/10013117239
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Vignette Equivalence and Response Consistency : The Case of Job Satisfaction
Ferrer-i-Carbonell, Ada - 2011
We compare reported job satisfaction with vignette evaluations of hypothetical jobs by using a British, Greek and Dutch data set, containing 95 randomly assigned vignettes. In order to test comparability of international data sets recently the method of anchoring vignettes has been introduced by...
Persistent link: https://www.econbiz.de/10013118096
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Economic Impacts of Cultural Diversity in the Netherlands : Productivity, Utility, and Sorting
Bakens, Jessie - 2012
This paper identifies the role of cultural diversity in explaining spatial disparities in wages and housing prices across Dutch cities, using unique individual panel data of home owners. We distinguish between the effects of interactions-based productivity, consumption amenities and sorting of...
Persistent link: https://www.econbiz.de/10013108782