Showing 1 - 10 of 128
Statistical analysis of Greek sovereign debt denominated in gold and traded on the London Stock Exchange from the outbreak of the First World War until the advent of the Great Depression is employed to explore the way that historical events including political and institutional changes shaped...
Persistent link: https://www.econbiz.de/10005870576
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140
A large literature studies the predictability of stock returns by other lagged nancialvariables in a predictive regression setting. A common feature of widely used testingprocedures is a failing robustness, which may lead to misleading conclusions determinedby the particular features of a small...
Persistent link: https://www.econbiz.de/10009248833
both increased competition and the enactment of equal treatment laws reduce the gender wage gap. …
Persistent link: https://www.econbiz.de/10010294546
academia have been partially explained by "competitive pressures", which suggests a link between competition and cheating. In … no overall sex difference in cheating. However, the effect of competition on women's cheating behavior is entirely due to … of an individual to conduct a particular task and not sex that crucially affects the reaction to competition. Poor …
Persistent link: https://www.econbiz.de/10010294922
duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …
Persistent link: https://www.econbiz.de/10011663162
competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
Persistent link: https://www.econbiz.de/10010397677
competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …
Persistent link: https://www.econbiz.de/10011282467
We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...
Persistent link: https://www.econbiz.de/10010316909
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10010316921