Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...

We investigate the effect of profit sharing on establishments' hirings, layoffs, and quits. Our principal argument is that profit sharing increases wage flexibility and also aligns wages with a changing marginal revenue product. Because employment stability makes their human capital investment...

Most of the empirical literature on the relationship between firm value and knowledge capital is based on the stock market valuation. We use a credit rating score as an alternative measure. Innovative firms with a reasonable knowledge stock achieve a better rating, whilst too many innovative...