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When politicians are provided with insufficient incentives by the democratic election mechanism, we show that social welfare can be improved by threshold contracts. A threshold incentive contract stipulates a performance level which a politican must reach in order to have the right to stand for...
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What is Econometrics? -- A Review of Some Basic Statistical Concepts -- Simple Linear Regression -- Multiple Regression Analysis -- Violations of the Classical Assumptions -- Distributed Lags and Dynamic Models -- The General Linear Model: The Basics -- Regression Diagnostics and Specification...
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Real Options in Theory and Practice -- Stochastic Models for the Term Structure of Interest Rates -- Real Options …-factor models) and by using implied forward rates. All necessary theory is provided in the book. The analyses were conducted using a …
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understanding of long-term economic trends, including inequality and the demand for higher education. …
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Hollander investigates the relation of Malthusian economics to that of the other great classicists - particularly Smith, Ricardo, J.B. Say, and the French physiocrats. He redefines our common perception of Malthus's method and character.
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