It has long been recognized that the quality of property rights greatly impacts the economic development of a country … and the use of its natural resources. Since Long (1975), the conventional wisdom has been that ownership risk induces a …) finds that weak property rights have an ambiguous effect on present extraction. We provide a theoretical model supporting …

starken Diskrepanz zwischen Kauf- und Verkaufspreis von Gütern wider. Es werden Möglichkeiten der Modellierung des Effektes …

It has long been recognized that the quality of property rights greatly impacts the economic development of a country … and the use of its natural resources. Since Long (1975), the conventional wisdom has been that ownership risk induces a …) finds that weak property rights have an ambiguous effect on present extraction. We provide a theoretical model supporting …

This paper examines the asymptotic risk of nested least-squares averaging estimators when the averaging weights are … selected to minimize a penalized least-squares criterion. We find conditions under which the asymptotic risk of the averaging …