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behind bidder behavior and underpricing is the volatility of bond returns. Since there is no evidence that bidders are risk …
Persistent link: https://www.econbiz.de/10011325054
Since oil is a non-renewable resource with a high environmental impact, and its most common use is to produce combustibles for electricity, reliable methods for modelling electricity consumption can contribute to a more rational employment of this hydrocarbon fuel. In this paper we apply the...
Persistent link: https://www.econbiz.de/10011325113
alternatives. Even with a valid instrument for every type of education, instrumental variables estimation of the payoffs require …
Persistent link: https://www.econbiz.de/10011335593
Parents preferring sons tend to go on to have more children until one or more boys are born, and to concentrate investment in boys for a given sibsize. Therefore, having a brother may affect child outcomes in two ways: indirectly, by decreasing sibsize, and directly, where sibsize remains...
Persistent link: https://www.econbiz.de/10011335624
New macro empirical evidence is provided to assess the relative importance of object and idea gaps in explaining the world income distribution dynamics over a benchmark period 1960-1985. Results are then extended through 1995. Formal statistical hypothesis tests allow us to discriminate between...
Persistent link: https://www.econbiz.de/10011335676
In this empirical paper, I use the 1996 wave of the ECHP dataset to investigate the relationship between measures of wage compression and training incidence in 11 European countries. I find that, after controlling for individual factors and country specific institutional differences, there is...
Persistent link: https://www.econbiz.de/10011335678
sensitivity of our estimation results to functional form and distributional specifications, we compare the results utilizing …
Persistent link: https://www.econbiz.de/10011335694
theoretical variations and different appropriate estimation procedures, it is found that only for few pollutants can the typical …
Persistent link: https://www.econbiz.de/10011335695
This study explicitly takes into account that the decision to enter into a cooperative R&D relationship is related to the antecedent decision to carry out R&D. This calls for a methodological approach that, at the same time, allows the joint analysis of the determinants of the two decisions and...
Persistent link: https://www.econbiz.de/10011335716
Over the last two decades privatization programs in different countries radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical relationship between changes in the firm's principal-agent structure following privatization, and...
Persistent link: https://www.econbiz.de/10011335727