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It is increasingly common in empirical research to merge data sets containing different units of observation. When the units are not nested, a crosswalk specifying how the units from one data source are allocated to the units of the other is needed. Unfortunately, most crosswalks are ad hoc, a...
Persistent link: https://www.econbiz.de/10014582295
We analyze the distributional properties of ownership concentration measures and find that measures come from different underlying statistical distributions. Consistent with theory, some measures that are classified to represent a monitoring dimension have a positive influence on firm performance;...
Persistent link: https://www.econbiz.de/10012858262
To their credit, empirical legal scholars try to live up to the highest methodological standards from the social sciences. But these standards do not always match the legal research question. This paper focuses on normative legal argument based on empirical evidence. Whether there is a normative...
Persistent link: https://www.econbiz.de/10011645949
This report evaluates the computational reproducibility and analytical robustness of Exley and Kessler's (2024) investigation into "motivated errors," which suggests that individuals may rationalize selfish behavior by attributing their errors to confusion. Using the original data and code, we...
Persistent link: https://www.econbiz.de/10015073585
Bootstrapping methods have so far been rarely used to evaluate spatial data sets. Based on an extensive Monte Carlo study we find that also for spatial, cross-sectional data, the wild bootstrap test proposed by Davidson and Flachaire (2008) based on restricted residuals clearly outperforms...
Persistent link: https://www.econbiz.de/10010239512
Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which...
Persistent link: https://www.econbiz.de/10013101215
tools typical of spatial statistics and spatial econometrics, into what LeSage and Pace (2009) deemed as ‘spatial …
Persistent link: https://www.econbiz.de/10012926930
It turns out that price index functions share a basic interpretation; practically all of them measure a change in some average of quality-adjusted prices. The different options are distinguished by their choice of average, their definition of quality, and their stance on what I label ‘equal...
Persistent link: https://www.econbiz.de/10012897524
International large-scale assessments such as PISA are increasingly being used to benchmark the academic performance of young people across the world. Yet many of the technicalities underpinning these datasets are misunderstood by applied researchers, who sometimes fail to take their complex...
Persistent link: https://www.econbiz.de/10011672714
This paper examines different approaches for assessing causality as typically followed in econometrics and proposes a …
Persistent link: https://www.econbiz.de/10012170696