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The returns to education : microeconomics
Harmon, Colm; Oosterbeek, Hessel; Walker, Ian - 2003
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate … regression methods where the estimated return is obtained as the coefficient ona years of education variable in a log wage … effect on the earnings of an individual from participation in education. Moreover, the size of the effect seems large …
Persistent link: https://www.econbiz.de/10009475659
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Real Exchange Rates and Competitiveness: The Political Economy of Skill Formation, Wage Compression, and Electoral Systems
Soskice, David - 2010
A major puzzle in the open economy literature is why some countries have persistently higher real exchange rates than others. Even more puzzling is the fact that countries with high real exchange rates are strong export performers. We solve both puzzles with a model that integrates two central...
Persistent link: https://www.econbiz.de/10009475518
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Spatial Econometric Approaches to Estimating Hedonic Property Value Models
Wang, Li; Ready, Richard C. - 2005
The inclusion of spatial correlation of house price in hedonic pricing model may produce better marginal implicit price estimate(s) of the environmental variable(s) of interest. Most applications where a spatial econometric model is applied to the estimation of a hedonic property value model...
Persistent link: https://www.econbiz.de/10009442950
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Implicit Value of Retail Beef Brands and Retail Meat Product Attributes
Dutton, Jennifer M.; Ward, Clement E.; Lusk, Jayson L. - 2007
Consumers reveal preferences for fresh beef attributes through their retail beef purchases. Hedonic pricing methods were used to estimate the value consumers place on observable characteristics of fresh beef products, especially on retail beef brands. Primary data were collected from 65 randomly...
Persistent link: https://www.econbiz.de/10009443337
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Optimal Density for Municipal Revenues
Adelaja, Adesoji O.; Chaudhuri, Malika - 2007
The distribution of lot sizes and associated improvements affect property values. Hence, zoning affects municipal property tax revenues. If optimal lot size is inconsistent with the targeted zoning density in a community, municipal revenue can be increased through zoning change. This paper...
Persistent link: https://www.econbiz.de/10009444963
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Expert opinion and cuisine reputation in the market for restaurant meals
Fogarty, James Joseph - 2010
As food is an experience good, the market for restaurant meals is a market where the cost of acquiring information regarding quality is relatively high. In such markets consumers often turn to reputation measures to guide purchase decisions. As Australia does not have a longstanding cuisine...
Persistent link: https://www.econbiz.de/10009446017
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On the Use of Subjective Well-Being Data for Environmental Valuation
Moro, Mirko; Ferreira, Susana - 2009
This paper explores the potential of using subjective well-being (SWB) data to valueenvironmental attributes. A theoretical framework compares this method, also known as the lifesatisfaction approach, with the standard hedonic pricing approach, identifying their similarities and differences. As...
Persistent link: https://www.econbiz.de/10009465958
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The Effects of the 2008 Financial Crisis on the Role Of Bank Characteristics in Pricing of Loans in the Leveraged Loan Market
Sullivan, Kevin T. - 2011
The financial crisis of 2008 had systemic implications in the financial services industry spilling over into sectors such as the leverage loan market. I use regression analysis between two data sets (before and after the crisis) to understand the determinants of loan spreads for corporate loans...
Persistent link: https://www.econbiz.de/10009468760
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FLOODING RISK AND HOUSING VALUES: AN ECONOMIC ASSESSMENT OF ENVIRONMENTAL HAZARD
Daniel, Vanessa; Florax, Raymond J.G.M.; Rietveld, Piet - 2007
Climate change, the ?boom and bust? cycles of rivers, and altered water resourcemanagement practice have caused significant changes in the spatial distribution of the risk offlooding. Hedonic pricing studies, predominantly for the US, have assessed the spatial incidenceof risk and the associated...
Persistent link: https://www.econbiz.de/10009483584