Showing 51 - 60 of 118
In this paper we estimate density functions for positive multivariate data. We propose a semiparametric approach. The estimator combines gamma kernels or local linear kernels, also called boundary kernels, for the estimation of the marginal densities with semiparametric copulas to model the...
Persistent link: https://www.econbiz.de/10005677346
Risk management is now present in many economic sectors. This paper investigates the role of risk management in creating value for financial institutions by analyzing U.S. property-liability insurers. Property-liability insurers are financial intermediaries whose primary role in the economy is...
Persistent link: https://www.econbiz.de/10005677347
In this article, we highlight the factors which influence governments in their decision to implement environmental policies of varying degrees of severity. We substantiate our arguments with analytical evidence from public interest theory and the economic theory of regulation (“interest group...
Persistent link: https://www.econbiz.de/10005677348
Several papers have tested the empirical validity of the migration models proposed by Borjas (1987) and Borjas, Bronars, and Trejo (1992). However, to our knowledge, none has been able to disentangle the separate impact of observable and unobservable individual characteristics, and their...
Persistent link: https://www.econbiz.de/10005677349
This paper examines the impact of the devaluation of the CFA franc in 1994 and of trade and fiscal reforms on enterprise development in Chad and Gabon. These reforms provide a natural experiment to assess the impact of trade liberalisation in countries with a small and backward manufacturing...
Persistent link: https://www.econbiz.de/10005677350
We propose a model of climate change consistent with four principal stylized facts. First, the benefits and costs of climate change mitigation policies are not evenly distributed across generations. Second, capital accumulation is not determined jointly with emissions policy, but rather as a...
Persistent link: https://www.econbiz.de/10005677351
The paper investigates the conflict that arises between the government, its bureaucrats and businesses in the tax collection process. We examine the effect of fiscal policy and corruption control mechanisms on the prevalence of tax evasion and corruption behaviour, and their impact on firm...
Persistent link: https://www.econbiz.de/10005677352
The 13-year American episode of the prohibition of alcohol (1919-1933) is so notorious and has been so extensively studied that there would not seem to be much to add. However, very little of this work has been done in a comparative and international perspective. Yet, the prohibition movement...
Persistent link: https://www.econbiz.de/10005677353
Cost-benefit analysts involved in evaluating projects influencing the risk of death and injury have access to a wide group of studies that provide a large range of estimates of the value of a statistical life (VOSL). It is of course a difficult task to pick the right estimate. This paper...
Persistent link: https://www.econbiz.de/10005677354
It is generally recognized that firms face both internal and external pressure to improve their environmental performance. However, few studies have attempted to delineate the importance of those various sources of pressure as firms’ managers themselves perceive them. In this study, we show...
Persistent link: https://www.econbiz.de/10005677355