empirical model which takes into account both that preferential trade agreement membership is endogenous and that the world … (possibly two-part) Poisson pseudo-maximum likelihood estimation with endogenous binary indicator variables in the empirical …

under the umbrella of a global arrangement only? For answering these questions a world with full international co …-operation is compared with a world, where countries act non-cooperatively. More precisely, in case of non-cooperation two cases are …

microfinance banks operating in several parts of the world. After discussing why financial sector development is a crucial … present the world's largest and most successful network of microfinance banks. This network is a good example of a well …

Estimation risk is known to have a huge impact on mean/variance (MV) optimized portfolios, which is one of the primary … reasons to make standard Markowitz optimization unfeasible in practice. Several approaches to incorporate estimation risk into … that leads to new procedures that can reduce estimation risk. Resampling efficiency has been contrasted to standard …