We exploit the cross-country differences in economic freedom to examine the link between the quality of institutions and subjective well-being. Using Veenhoven's happiness dataset, the evidence suggests countries with better economic institutions and higher level of economic freedom, captured by...

There is widespread concern, especially in certain feminist circles, that a market-oriented economic system, or capitalism, disfavors women. This could take many forms, such as lower wages for the same type of work, reduced career opportunities, disparities in ownership and the upholding of...

This study investigates the effects of product market competition on corporate investment and firm value and moderating role of economic policy uncertainty on this relationship. The firm-level data of 2047 listed corporate firms during the 2009-2020 period were used, totaling 24564 observations....

This study investigates the effects of product market competition on corporate investment and firm value and moderating role of economic policy uncertainty on this relationship. The firm-level data of 2047 listed corporate firms during the 2009-2020 period were used, totaling 24564 observations....

Given the marked reduction in the number of banks in Germany during recent years, the study estimates competitive behavior in the German banking system by applying an empirical method developed by Panzar and Rosse (1987). By estimating the banks' reduced form revenue functions, the sums of their...