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We exploit a major structural change that has occurred in world soccer to study the impact of incentives on outcomes in a strategic setting. A game-theoretic model is developed that captures some essential strategic elements of soccer vis-à-vis the number of points awarded to a win. The...
Persistent link: https://www.econbiz.de/10005433538
, the paper focuses on three “deep” determinants- geography, integration, and institutions. Traditionally, authors study the … impact of institutions, integration and geography on per capita income using worldwide cross-section data. Conversely, this …
Persistent link: https://www.econbiz.de/10005434826
This paper consists of two parts. In the first part we introduce a wage model and in the second part we construct a household labor supply model. Both models are intended to be a part of the dynamic micro simulation model, Sesim, developed by the Ministry of Finance, Sweden. Hourly wage rates...
Persistent link: https://www.econbiz.de/10005434986
Persistent link: https://www.econbiz.de/10005436080
In this paper, we perform an extensive Monte Carlo study of the finite sample properties of different estimators for panel data sample selection models. The estimators investigated are various two-step estimators and maximum likelihood estimators with simultaneous equations for the...
Persistent link: https://www.econbiz.de/10005439925
The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...
Persistent link: https://www.econbiz.de/10005561315
Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10005561365
, known as economic integration, which characterizes the involvement of European economies into the global division of labor …. Therefore, the paper aims at providing a quantitative and qualitative assessment of the impact of economic integration on … nexus not only on an economy-wide level, but analyze whether the impact of integration varies for different sectors …
Persistent link: https://www.econbiz.de/10005561960
In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission’s strategy to reduce CO2 emissions from passenger cars.A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing...
Persistent link: https://www.econbiz.de/10005561980
Individual heterogeneity plays a key role in explaining variation in self-reported well-being and, in particular, health satisfaction. It is hypothesised that the influence of this heterogeneity varies over levels of health and increases over the life-cycle. These hypotheses are tested with data...
Persistent link: https://www.econbiz.de/10005561992