National Statistics Offices, Central Banks, and any other organisms and agencies producing statistical information, disseminate data so that the individual information is sufficiently protected. At the same time, those entities aim at providing society with as much information as possible under...

This study examines the effects of the introduction of the FASB statement 123 (R) on corporate performance and Chief Executive Officer (CEO) compensation in high-technology firms. The total CEO compensation and short- and long-term compensations were tested regarding corporate performance. Panel...

We propose a profit-sharing rule that maximizes sustainability of cartel agreements. This rule is such that the critical discount factor is the same for all the firms. If a cartel applies this rule, then asymmetries among firms may not hinder collusion (contrarily to the typical finding in the...

In this paper, we evaluate the effect of demand uncertainty on hospital costs. Since hospital managers want to minimize the probability of not having enough capacity to satisfy demand, hospitals have to build excess capacity since demand is uncertain, and incur on the associated costs. Using...

This paper proposes a general framework to study the sustainability of collusion in markets where demand growth (although deterministic) is not restricted to occur at a constant rate and may trigger future entry. It is shown that, typically, entry occurs later along the collusive path than along...

The purpose of this working paper is to identify the main factors that are at the origin of the Shadow Economy in Portugal, and to analyze its evolution over the period between 1977 and 2011. For the econometric analysis we used the Structural Model of Multiple Indicators and Multiple Causes -...

This research characterizes the motivations of paid employees in Private Social Solidarity Institutions (Instituições Particulares de Solidariedade Social – IPSS ), based on self-determination theory. It analyses the impact of types of motivation and employee identification with an...

This study examines the relationship between corporate performance and the Chief Executive Officer compensation in high-technology firms in the S&P 1500. The total CEO compensation and short and long-term compensations were tested regarding corporate performance. A panel data SUR model is...

The amount of outstanding U.S. sovereign debt has become a reason for worldwide concern especially after S&P downgraded it on August 5, 2011. The underlying analysis con-ducted by that rating agency followed the same methodological approach it applies to any other country’s sovereign debt...

This article presents a benchmark for Portuguese agrarian output for the 1311-20 decade. This benchmark is built from the supply side, using the value of ecclesiastical tithes, and tested with macro and micro level demand-side information. Compared with existing estimates for contemporary...