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Anticipated Income Shock and Labor Supply

Agarwal, Sumit - 2018

We examine the impact of an anticipated income shock on Singaporean taxi labor supply. This income shock is due to a government provision allowing employees to withdraw part of their pension savings at the age of 55. The results show that salary income, number of trips, total hours worked, and...

Persistent link: https://www.econbiz.de/10012933436

Specific Investments and Residual Control Rights : A Reassessment

Vatiero, Massimiliano - 2018

In this paper, I argue that, if the role of specific investments in transforming market configuration is seriously taken into account, then specific investments can be a safeguard from, rather than the cause of, opportunistic behaviours, and that residual control rights can reduce, rather than...

Persistent link: https://www.econbiz.de/10012933459

The Fallacy of Selfish Mining in Bitcoin : A Mathematical Critique

Wright, Craig S - 2018

The Bitcoin cryptocurrency records transactions in a public log called the blockchain. Its security critically depends on the distributed protocol that maintains the blockchain, run by participants called miners. An attack was proposed that suggested the mining protocol is not...

Persistent link: https://www.econbiz.de/10012933471

The Fourth Industrial Evolution and the Fight against Carbon Leakage and the Issue of Climate Change

Dao, Phuc G. - 2018

National climate measure or border carbon adjustment is one of the best solutions to combat carbon leakage, and the issue of climate change since international cooperation has not reached any significant movement in decades. However, the adoption of such measures can be faced with legal...

Persistent link: https://www.econbiz.de/10012933478

The Effect of Prescriptive Norms and Negative Externalities on Bribery Decisions

Senci, Maximiliano - 2018

Corruption is a welfare issue worldwide, but it is difficult to study because of its secret nature. We here did a lab economic experiment on bribery to study different compliance mechanisms through which people might be deterred from corruption. We focused on two elements of norms which people...

Persistent link: https://www.econbiz.de/10012933479

How J M Keynes's Logical Theory of Probability Totally Refutes All Attacks on the Concept of Probability

Brady, Michael Emmett - 2018

interpretations of probability. Shackle's arguments failed completely when confronted with Keynes's theory of logical probability.J M … Keynes's theory of probability is a logical, objective, epistemological approach that is based on partial ordering and not … valued probability, can demonstrate that Shackle's theory is a very special theory that applies only to situations of …

Persistent link: https://www.econbiz.de/10012933480

Optimal Multi-Step VAR Forecasting Averaging

Liao, Jen-Che - 2018

This paper proposes frequentist multiple-equation least squares averaging approaches for multi-step forecasting with vector autoregressive (VAR) models. The proposed VAR forecasting averaging methods are based on the multivariate Mallows model averaging (MMMA) and multivariate leave-h-out...

Persistent link: https://www.econbiz.de/10012933481

Overproduction, Aggregate Earnings, and GDP Growth

Jorgensen, Bjorn - 2018

This paper explores possible links between overproduction and future gross domestic product (GDP) growth. Specifically, we examine the direct effect of overproduction on future GDP growth as well as the moderating effect of overproduction on the relation between aggregate earnings growth and...

Persistent link: https://www.econbiz.de/10012933484

Characterizing the Hedging Policies of Commodity Price-Sensitive Corporations

Boroumand, Raphaël - 2018

, decision-makers may make optimal decisions based on a trade-off between risk and return.Theory indicates the optimal hedging … assets -- futures and options contracts -- which permit these corporations to hedge the risk to which they are exposed …. Finance research has demonstrated frictions in capital markets are equivalent to risk-averse decision-making: Accordingly …

Persistent link: https://www.econbiz.de/10012933485

Capital Gains Taxes and the Market Response to Earnings Announcements

Clinch, Greg - 2018

We investigate the stock price and trading volume effects of differential capital gains taxes applied to short and long-term capital gains when firms disclose public information. We extend the theoretical framework developed in Shackelford and Verrechia (2002) linking differential CGT to price...

Persistent link: https://www.econbiz.de/10012933494