Showing 1 - 10 of 24
they are for a currency union. In terms of the endogeneity argument, convergence follows from joining a currency union and …
Persistent link: https://www.econbiz.de/10009457804
In this paper, we develop an empirical test of consistency in contingent willingness topay (WTP) responses, which is based on the following a priori expectation. In economics,when an individual considers paying for public goods, his decision to pay, and his WTP arebased on utility-maximising...
Persistent link: https://www.econbiz.de/10009442761
The Neoclassical theory of production establishes a dual relationship between the profit value function of a competitive firm and its underlying production technology. This relationship, usually referred to as the duality theory, has been widely used in empirical work to estimate production...
Persistent link: https://www.econbiz.de/10009444351
function approach to deal with endogeneity of subsidized fertilizer in a commercial fertilizer demand equation. Our results …
Persistent link: https://www.econbiz.de/10009444833
recreation sites. Although some kinds of endogeneity problems have been studied in previous literature, no study has addressed … recreation site improvements are more likely to occur at the more popular sites, then this economic endogeneity might cause … under what situations this economic endogeneity will lead to statistical endogeneity. …
Persistent link: https://www.econbiz.de/10009446505
We use instrumental variables methods to disentangle the effect of founder–CEOs on performance from the effect of performance on founder–CEO status. Our instruments for founder–CEO status are the proportion of the firm's founders that are dead and the number of people who founded the...
Persistent link: https://www.econbiz.de/10009448159
longitudinal and national, include worker and firm information, and provide information that helps deal with endogeneity between …
Persistent link: https://www.econbiz.de/10009466177
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the rate of return using regression methods where the estimated return is...
Persistent link: https://www.econbiz.de/10009475659
empirical study with an emphasis on the endogeneity problem, which arises as a result of the simultaneous determination of … supply and demand. We show that if one does not account for endogeneity, price elasticities may induce an upward …
Persistent link: https://www.econbiz.de/10009475738
changes in ownership when analyzing spinoffs and generally to control for endogeneity, selection and data attrition when …
Persistent link: https://www.econbiz.de/10009477049