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Persistent link: https://www.econbiz.de/10003858704
How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry … experiment with skill-based payoffs by systematically varying two key elements of the market environment: demand risk and … expected market size. Results show that people's reactions to demand risk depend on the market size: in small markets people …
Persistent link: https://www.econbiz.de/10010338933
-consistent representation of the initial-period distribution involves higher-order spatial lag polynomials. Their order is linked to the minimal …
Persistent link: https://www.econbiz.de/10010490568
the three parameter Dagum distribution and our results hint at an even more pronounced effect of skill …
Persistent link: https://www.econbiz.de/10010491093
This paper considers estimation methods and inference for linear dynamic panel data models with unit-specific heterogeneity and a short time dimension. In particular, we focus on the identification of the coefficients of time-invariant variables in a dynamic version of the Hausman and Taylor...
Persistent link: https://www.econbiz.de/10010342822
Empirical studies analyzing the determinants of U.S. presidential popularity have delivered quite inconclusive results concerning the role of economic variables by assuming linear relationships. We employ penalized spline smoothing in the context of semi-parametric additive mixed models and...
Persistent link: https://www.econbiz.de/10010341089
Based on the seminal paper of Farrell (1957), researchers have developed several methods for measuring e fficiency. Nowadays, the most prominent representatives are nonparametric data envelopment analysis (DEA) and parametric stochastic frontier analysis (SFA), both introduced in the late 1970s....
Persistent link: https://www.econbiz.de/10010341110
This study explores the reduction potential of greenhouse gases for major pollution emitting countries of the world using nonparametric productivity measurement methods and directional distance functions. In contrast to the existing literature we apply optimization methods to endogenously...
Persistent link: https://www.econbiz.de/10010344619
entrepreneurs are different , e.g., with respect to personality traits, non-cognitive skills and risk preferences. Since most of the …
Persistent link: https://www.econbiz.de/10010344639