The analysis and implications of copyright provide the foundation for copyright economics, where an array of different streams of thought coexist feeding a number of controversies that at the same time both hinder and enrich the research agenda. One of the keenest debates concerns the relation...

The purpose of this paper is to study the family financial distress in Portugal, using quarterly observations, in a period from 2002 to 2010, by analysing the macroeconomic determinants of the Household Default rate, for which we take a logit transformation. Ordinary least squares are used. The...

Whether the likelihood of a credit boom ending is dependent on its age or not, or whether the respective behavior is smooth or bumpy are important issues to which the economic literature has not given attention yet. This paper tries to fill that gap, exploring those issues with a proper duration...

This paper studies the determinants of software piracy losses along four major macroeconomic dimensions: Labor force, Technological, Educational and Access to Information using a large dataset available from 1994 to 2010, comprising 109 countries. The results show that, regarding the labor...

In this paper, we analyse the link between the macroeconomic developments and the banking credit risk in a particular group of countries – Greece, Ireland, Portugal, Spain and Italy (GIPSI) – recently affected by unfavourable economic and financial conditions. Employing dynamic panel data...

Entre 1986 (adesão à União Europeia) e 2010 (ano anterior ao terceiro pedido de assistência financeira externa), Portugal apresentou défices orçamentais persistentes. A combinação entre a consequente acumulação de dívida e a década de 2000 de estagnação económica culminou na perda...

The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...

This paper analyzes the impact of economic conditions on voter turnout at Portuguese legislative and municipal elections. We use four extensive datasets to estimate an economic turnout model in which local economic variables are included in quadratic form, so that non-linear effects can be taken...

Thirlwall’s Law (Thirlwall 1979) considers that growth can be constrained by the balance-of-payments when the current account is in permanent deficit. The Law focuses on external imbalances as impediments to growth and does not consider the case where internal imbalances (budget deficits or...

As devices that used software became available to the masses the problem of software piracy arose. Recent theoretical works modeled the software piracy phenomenon; others tried to empirically explain the determinants that can explain this phenomenon. Empirical literature in the latter case is...