The last decade has witnessed greater participation of women in the labour market, especially in new arenas of economic activity. While opportunities have increased, traditional biases against women still exist, both while accepting women as workers and while wage setting. This paper explores...

Many oligopoly theories predict that there will be a positive correlation between market size and the equilibrium number of firms, and some also imply that competition is more intense in larger markets. We test these predictions with a sample of 535 driving schools in 249 markets. With an...

Trading under limited pre-trade transparency becomes increasingly popular on financial markets. We provide first evidence on traders' use of (completely) hidden orders which might be placed even inside of the (displayed) bid-ask spread. Employing TotalView-ITCH data on order messages at NASDAQ,...

The founding directors of newly incorporated companies bring social capital (reputation, networks, business relationships) and human capital (task-related, professional and director experience) to a new venture and founding boards vary in degree of heterogeneity (size, diversity, turnover). This...

We explore evidence on the perceived economic value of higher education to college students in terms of their reported expected and shadow wages. Our estimates provide predictions for expected wages that are similar across gender and become closer to actual wages as students approach graduation....

Loan financing, especially long term bank loan financing, is important for young or small firms in Germany. A large share of all small business lending in Germany originates in public financing programs and cooperative banks, (non-cooperative) private sector credit banks as well as savings banks...

We consider the estimation of linear models where the dependent variable is observed by intervals and some continuous regressors may be endogenous. Our approach is fully parametric and two estimators are proposed: a two-step estimator and a limited-information maximum-likelihood estimator. The...

In this paper, a switching regime model with known sample separation is applied to Greek data, to investigate causality linkages between tourists’ satisfaction and their willingness for revisiting. The empirical evidence shows the existence of these causality effects. Moreover, it shows that...

This dissertation consists of empirical essays within the subject of health economics. There are four essays in applied micro-econometrics and, as data in Essays 2 and 4 have a panel format, econometric methods for panel data are applied. Tobit-type models for limited dependent variables are...

In the present study we investigate the relationship between foreign ownership and innovation activities using the firm-level data of the third Community Innovation Survey (CIS) covering 12 European countries. Probit estimates based on 28,000 firms observations show that foreign owned firms are...