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How prediction markets can save event studies

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2011

This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...

Persistent link: https://www.econbiz.de/10010278809

Business conditions and default risks across countries

Pflüger, Michael P.; Russek, Stephan - 2011

The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...

Persistent link: https://www.econbiz.de/10010278811

Occupational choice, aggregate productivity, and trade

Meckl, Jürgen; Weigert, Benjamin - 2011

We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz (2003), and of Manasse and Turrini (2001) that establish the theoretical...

Persistent link: https://www.econbiz.de/10010278813

The fog of fraud: Mitigating fraud by strategic ambiguity

Lang, Matthias; Wambach, Achim - 2010

Most insurance companies publish few data on the occurrence and detection of insurance fraud. This stands in contrast to the previous literature on costly state verification, which has shown that it is optimal to commit to an auditing strategy, as the credible announcement of thoroughly auditing...

Persistent link: https://www.econbiz.de/10010278819

Spatial decomposition of inequality

Shorrocks, Anthony; Wan, Guanghua - 2004

This paper reviews the theory and application of decomposition techniques in the context of spatial inequality. It …

Persistent link: https://www.econbiz.de/10010278990

Measurement of a multidimentional index of globalization and its impact on income inequality

Heshmati, Almas - 2003

In this paper we present two composite indices of globalization. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate which countries have become most globalized and show how globalization has developed over time....

Persistent link: https://www.econbiz.de/10010278997

Aid, public sector fiscal behaviour and developing country debt

Feeny, Simon; McGillivray, Mark - 2002

This paper looks at public sector debt in developing countries, being concerned specifically with the relationship between aid inflows and the public sector borrowing requirement net of aid loans. After examining the public sector budget constraint and various conditions under which aid might...

Persistent link: https://www.econbiz.de/10010279039

Transnational terrorims as a spillover of domestic disputes in other countries

Addison, Tony; Murshed, S. Mansoob - 2002

This paper models transnational terrorism as a three-way strategic interaction involving a government that faces armed opposition at home, which may spill over in the form of acts of terrorism by the state’s opponents against the government’s external sponsor. The external sponsor also...

Persistent link: https://www.econbiz.de/10010279041

Consumer preferences for water supply? An application of choice models to urban India

Anand, P. B. - 2001

This paper examines consumer preferences for the attributes of alternative sources of water supply in Chennai, based on a household survey where respondents were given the description of a set of options. Their decision to choose one of the options is examined using discrete choice models....

Persistent link: https://www.econbiz.de/10010279042

(Re)Distribution of personal incomes, education and economic performances across countries

Rehme, Günther - 2002

In many OECD countries income inequality has risen, but surprisingly redistribution has as well. The theory attributes … this partly to the redistributive effect of education spending. In the model income inequality and growth depend in an … inverted U-shaped way on education. To maintain a given level of human capital it is shown that a less efficient schooling …

Persistent link: https://www.econbiz.de/10010279047