We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...

The thesis collects four essays in the fields of competition and innovation economics. In chapter 1, we review the recent growth literature that analyses the effects of product market competition on growth. Contrary to the negative effect predicted by the early endogenous growth models, this...

Chapter 1 introduces the thesis providing an overview of the common themes and methods underlying this research. Chapter 2 reports an experiment that examines the characteristics of effective leaders in a leader-follower voluntary contributions game. We focus on two factors: leaders’...

The evaluation of economic forecasts is a substantial and important aspect of economic research, and a considerable part of such evaluation is performed by comparing competing forecasts. This thesis focuses on the development of statistical procedures in order that reliable comparison of...

Since the global credit crunch, lenders have recognized how critical it is to assess the default risk of portfolios of consumer borrowing under different economic environments. We describe a Markov chain model for revolving consumer credit accounts based on consumers' behavioral scores that...

Betting markets have drawn much attention in the economics, finance and operational research literature because they provide a valuable window on the manner in which individuals use information in wider financial markets. One question that has received particular attention is to what extent...

Intellectual property (IP) regimes serve dual purposes: to provide incentives for the generation and commercialization of innovations and to foster dissemination and use of knowledge. An IP regime alone cannot maximize these two objectives simultaneously. After all, IP establishes incentives to...

There is a considerable variation in estimates of the degree of risk aversion in the literature. This paper analyses the behaviour of contestants in one of the most popular TV gameshows ever to estimate a CRRA model of behaviour. This gameshow has a number of features that makes it well suited...