We study the endogenous formation of upstream R&D networks in a vertically related industry. We find that, when upstream firms set prices, the complete network that includes all firms emerges in equilibrium. In contrast, when upstream firms set quantities, the complete network will arise but...

In this paper, we investigate the monetary transmission mechanism through interest rate and real effective exchange rate channels, for five South-Eastern European countries, namely Bulgaria, Croatia, Greece, Romania and Turkey. Recent unit root and cointegration techniques in the presence of...

This letter proposes a simple test for the linearity of a time series. We compare the small and large samples properties of the suggested test via Monte Carlo techniques with well known time domain linearity tests. Our results suggest that the suggested test over performs the power of the other...

The present paper investigates the firms' incentives to invest in comparative advertising in a spatially differentiated duopoly market characterized by network externalities. We show that for a wide range of locations, determined by the interaction between the transportation cost, the network...

In this article we first develop a theoretically consistent supply-response model for producers with invariant preferences facing price risk, and then we empirically apply the model for a group of Cretan olive-oil producers. For doing so, we estimate a Generalized Leontief cost function and we...

Based on an endogenous growth model, we extent Roubini and Sala-i-Martin (1993) theoretical framework to analyse empirically the relationship between economic growth, announced tax rate and tax monitoring expenses using data from 32 OECD countries during the 1999-2007 period. Our results...

One of the most enduring debates in economics is whether financial development causes in a linear or nonlinear manner, economic growth or whether it is a consequence of increased economic activity. Little research into this question has been done for the case of Greece especially in a nonlinear...

The current study employs a field experiment to assess the degree of discrimination against female Albanians in Greek housing markets. We divide rental housing into three categories by rent and designate the different levels of rent as working-, middle-, and upper-class. Albanians are...

The paper is an attempt to use the idea of reflexivity in order to organise and set �ready for answers� the ethical issues which have arisen at the very beginning of the field research (on a topic in the economics area) and have been...

In this article we investigate the role of information transmission in promoting agricultural technology adoption and diffusion. We study the in uence of two information channels, namely extension services and social learning. We develop a theoretical model of technology adoption and diffusion,...