Die jüngste Häufung von aufsehenerregenden Bilanzskandalen - von Enron bis Worldcom, von Flowtex über Comroad bis Parmalat- hat eine kontroverse öffentliche Diskussion über Unter-nehmenskontrolle und Unternehmensüberwachung sowie über Möglichkeiten, wie das Vertrau-en in die...

This article illustrates the commonly overlooked sample selection probleminherent in using rural classification methods that change over time due to populationchanges. Since fast growing rural areas grow out of their rural status, using recent ruraldefinitions excludes the most successful places...

This paper analyzes how group lending programs use joint liability to utilize localinformation that borrowers have about each other’s projects through self-selection of groupmembers in the group formation stage. These schemes are shown to lead to positiveassortative matching in group...

Quality plays an important role in software development. Even so, in most software projects testing –as one quality improvement and control technique - is not planned properly and thus requires moretime and resources than initially planned. This shortcoming can only be avoided if planning...

How does a choice experiment (CE) model derived under standard preference axioms perform for respondents with incomplete preferences?[...]

Data on contestants’ choices in Italian Game Show Affari Tuoi are analysed in a way that separatesthe effect of risk attitude (preferences) from that of beliefs concerning the amount ofmoney that will be offered to contestants in future rounds. The most important issue addressedin the paper is...

Using a choice experiment, this paper investigates how Swedish citizens value three environmental quality objectives. In addition, a follow-up question is used to investigate whether respondents ignored any attributes when responding. The resulting information is used in the model estimation by...

This paper uses dimension asymptotics to study why overfit linear regression models shouldbe compared out-of-sample; we let the number of predictors used by the larger model increasewith the number of observations so that their ratio remains uniformly positive. Under this limittheory, the naive...

Much of Africa has been ravaged by the AIDS epidemic. There, heterosexual contactis the primary mode of transmission for the HIV virus. Even when access to condomsis good and their price low, a large fraction of young Africans continue to engage inunprotected sex. In this paper, we propose a...

This paper examines whether family and community migration experience affect theprobability of high school graduation in Mexico once unobserved heterogeneity is accountedfor. Bivariate random effects dynamic probit models for cluster data are estimated to controlfor the endogeneity of education...