We use longitudinal data describing couples in Australia from 2001-12 and Germany from 2002-12 to examine how demographic events affect perceived time and financial stress. Consistent with the view of measures of stress as proxies for the Lagrangean multipliers in models of household production,...

A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on...

A European directive requires Member States to give firms access to preventive restructuringprocedures. This paper assesses the interest of a procedure distinct from that for insolvent firms. Itis based on the French experience, where a preventive procedure has coexisted with the morecommon...

We settle an open conjecture regarding the newsvendor game. We prove that its core is always nonempty for all possible joint distributions of the random demands. We give sufficient conditions under which the core is a singleton, or at a core allocation every newsvendor shares a nonnegative cost

In this work we use an augmented Eaton-Kortum model to estimate the distribution costs of a group of consumption goods for 60 countries. Our results accord well with the distribution costs derived directly from the input-output tables for a slightly different group of goods. Our counterfactual...

A proposed accounting standard issued jointly by the FASB and IASB would require firms to recognize many more lease assets than is currently required and to amortize those assets on a straight-line basis. A number of respondents to the exposure draft argue that the “front-loading” of lease...

Article in Dutch, translated "The court-order for full compensation of legal costs in IP-cases". Subject: Implementation of Enforcement Directive in The Netherlands, with regard to awarding legal costs. Analysis of case-law

Two firms produce a good with a horizontal and a vertical characteristic called quality. The difference in the unobservable quality levels determines how the firms share the market. We consider two scenarios: In the first one, firms disclose quality; in the second one, they send costly signals...