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Many strategic interactions in the real world take place among delegates empowered to act on behalf of others. Although there may be a multitude of reasons why delegation arises in reality, one intriguing possibility is that it yields a strategic advantage to the delegating party. In the case...
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It seems to be taken for granted by many commentators that the sharp decline in prices of computers, telecommunications equipment and software resulting from the technological improvements in the information and communications technology (ICT)-producing sector is good for jobs and is a major...
Persistent link: https://www.econbiz.de/10005344580
Robbery is a serious, widespread and sometimes violent crime resulting each year in costs to victims of several billion dollars. Data on the incidence of robbery reveals certain striking racial disparities. African Americans are more likely to be victims, arrestees and prisoners than are members...
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We provide a test for the specification of a structural model without identifying assumptions. We show the equivalence of several natural formulations of correct specification, which we take as our null hypothesis. From a natural empirical version of the latter, we derive a Kolmogorov-Smirnov...
Persistent link: https://www.econbiz.de/10005344584
The global campaign to eradicate malaria, launched in 1955 and phased out by the end of the 1960s, has been dubbed a misguided failure. Although the campaign did not come close to achieving its headline objective of eradicating malaria, it did lead to enormous and sustained reductions in the...
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This paper deals with a special case of estimation with grouped data, where the dependent variable is only available for groups, whereas the endogenous regressor(s) is available at the individual level. In this situation, the solution adopted by researchers is to aggregate the individual data...
Persistent link: https://www.econbiz.de/10005344588