For some scholars and practitioners the unique organizational characteristics of foundations allow them to play a major role in society as innovators and risk takers and as powerful agents of change (Anheier & Daly, 2007). For others, foundations are in theory thought to be powerful actors, but...

For some scholars and practitioners the unique organizational characteristics of foundations allow them to play a major role in society as innovators and risk takers and as powerful agents of change (Anheier & Daly, 2007). For others, foundations are in theory thought to be powerful actors, but...

We consider a continuous-time neoclassical one-sector stochastic growth model of Ramsey-type with CRRA utility and Cobb-Douglas technology, where each of the following components are exposed to exogeneous uncertainties (shocks): capital stock K, effectiveness of labor A, and labor force L; the...

Inferences based on spatial analysis of areal data depend greatly on the method used to quantify the degree of proximity between spatial units - regions. These proximity measures are normally organized in the form of weights matrices, which are used to obtain statistics that take into account...

The traditional approach to estimate spatial models bases on a preconceived spatial weights matrix to measure spatial interaction among locations. The a priori assumptions used to define this matrix are supposed to be in line with the "true" spatial relationships among the locations of the...

A meta-analysis (MA) aggregates estimated effects from many studies to calculate a single, overall effect. There is no one, generally accepted procedure for how to do this. Several estimators are commonly used, though little is known about their relative performance. A complication arises when...

Motivated by the changing nature of the natural gas industry in the European Union driven by the liberalization process, we focus on pricing of gas swing options. These options are embedded in typical gas sales agreements in the form of offtake flexibility concerning volume and time. The gas...

Recently some new techniques have been proposed for the estimation of the slope coefficients in presence of unobserved components. Though, the presence of common observed and unobserved factors is neither considered or the estimation of their impacts is not taken into account. In this work a...

This paper uses the co-incidence of extreme shocks to banks’ risk to examine within country and across country contagion among large EU banks. Banks’ risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...