This paper analyzes whether the three-point rule in soccer brought more action to the game for a large sample of European championships in 1990-1997, revealing team-specic heterogeneity of responses caused by differences in team tactics in the period prior to the rule change. Teams that relied...

This paper investigates spatial determinants of FDI location. In particular, FDI in neighboring countries and foreign market potential are two variables it focuses on. The sample includes a panel of 27 transition countries in 1993-2007. The spatial links are found positive and economically...

We study the equilibrium existence problem in normal form and qualitative games in which it is possible to associate with each nonequilibrium point an open neighborhood and a collection of deviation strategies such that, at any nonequilibrium point of the neighborhood, a player can increase her...

Depression as a major mental illness among older adults has attracted a lot of research attention. However, the problem of sample selection, inevitable in most health surveys, has been largely ignored. To fill in this gap, this paper formally models selection into the sample jointly with a...

Cities in transition face a unique set of challenges that came forth due to interplay of the legacy of socialist urban policies and transition to the market economy. The socialist urban policies restrained growth of the largest cities and distorted the spatial equilibrium towards more uniform...

In this note, we analyze whether the International Cycling Union’s ‘index of suspicion’, which reflects the extent to which a rider is suspected of using doping, correlates with performance during the 2010 Tour de France Though our point estimates suggest a medium sized performance...

Using data from a Microsoft survey and the Current Population Survey, we examine the returns to Microsoft Certification in early 2000’s. The formal structure of Microsoft Certification provides a well documented external measure of computer skills rather than the ad-hoc self reports used in...

This paper brings new evidence on the impact of services liberalization on performance of manufacturing firms. Using a unique database of Ukrainian firms in 2001-2007, we utilize an external push for liberalization in services sector as a source of exogenous variation to identify the impact of...

Previous literature has produced mixed results on the effects of country health expenditures on longevity. More importantly, all previous studies have evaluated the expenditure effects on the mean of the life expectancy distribution, ignoring the possibility that the expenditure returns may not...

This paper examines the empirical performance of several complete and incomplete market models of stock price dynamics using S&P 500 options and stock market data. The main contribution of this work is that it suggests and implements an empirical approach to estimating a complete model with...