In Balabdaoui, Rufibach, and Wellner (2009), pointwise asymptotic theory was developed for the nonparametric maximum likelihood estimator of a log-concave density. Here, the practical aspects of their results are explored. Namely, the theory is used to develop pointwise confidence intervals for...

Aging and an increasing retired population are a global challenge. Previous studies suggest that retirement affects economic behaviors of the retiree and his or her spouse, including consumption, health outcome, and time use. However, little is known about the intergenerational effects of...

Employing a large sample of 12,454 firms across 40 countries from 2001 to 2014, we find that firms with high media coverage tend to take risky but value-enhancing investments. We further show that this positive relation is achieved through three plausible channels, namely, the information...

Economists have come to understand that human choices are not only driven by self-interest but also “social preferences” – a person’s concern over resources allocated to other people. Moreover, such preferences may be affected by the environment in which such choices are made, especially...