We explore the tail of patented invention value distributions by using value estimates obtained directly from patent holders. The paper focuses on those full-term German patents of the application year 1977 which were held by West German and U.S. residents. The most valuable patents in our data...

We study the dispersion of month-end valuations placed on identical corporate bonds by different mutual funds. Such dispersion is related to bond-specific characteristics associated with liquidity and market volatility. TRACE may have contributed to the general decline in dispersion over our...

To evaluate the effects of a universal program, i.e. all targeted get access, is associated with the problem that there are no individuals who represent the hypothetical or counterfactual state of being eligible to the program but not participating in it. In this study of a Swedish universal...

This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...

The question of whether the CEO should also serve as chairman of the board is one of the most hotly debated issues in the recent corporate governance discussion. While agencytheoretic arguments advocate a separation of decision and control functions, the empirical evidence focusing on U.S....

Diese Arbeit ist die erste empirische Untersuchung, die den Wert eines statistischen Lebens (WSL) für die Bundesrepublik Deutschland ermittelt. Die Analysen werden auf der Grundlage eines aus IAB-Beschäftigtenstichprobe und Arbeitsunfallinformationen der Berufsgenossenschaften...