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On Emissions Trading and Market Structure: Cap-and-Trade versus Intensity Standards (2013)
Journal Article
de Vries, F. P., Dijkstra, B. R., & McGinty, M. (2014). On Emissions Trading and Market Structure: Cap-and-Trade versus Intensity Standards. Environmental and Resource Economics, 58(4), 665-682. https://doi.org/10.1007/s10640-013-9715-2

This paper examines the interdependence between imperfect competition and emissions trading. We particularly analyze the long run equilibrium in a two-sector ('clean' and 'dirty') model with Cournot competition among firms who face a fixed cost of pr... Read More about On Emissions Trading and Market Structure: Cap-and-Trade versus Intensity Standards.

Pooling, tranching, and credit expansion (2013)
Journal Article
Bougheas, S. (2014). Pooling, tranching, and credit expansion. Oxford Economic Papers, 66(2), https://doi.org/10.1093/oep/gpt029

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created on their... Read More about Pooling, tranching, and credit expansion.

Housing-market heterogeneity in a monetary union (2013)
Journal Article
Rubio, M. (2014). Housing-market heterogeneity in a monetary union. Journal of International Money and Finance, 40, 163-184. https://doi.org/10.1016/j.jimonfin.2013.06.013

This paper studies the implications of cross-country housing-market heterogeneity in a monetary union for both shock transmission and welfare. I develop a two-country new Keynesian general equilibrium model with housing and collateral constraints to... Read More about Housing-market heterogeneity in a monetary union.

The demand for tobacco in post-unification Italy (2013)
Journal Article
Ciccarelli, C., & De Fraja, G. (2014). The demand for tobacco in post-unification Italy. Cliometrica, 8(2), 145-171. https://doi.org/10.1007/s11698-013-0097-z

This paper studies the demand for tobacco products in post-unification Italy. We construct a very detailed panel data set of yearly consumption in the 69 Italian provinces from 1871 to 1913 and use it to estimate the demand for tobacco products. We f... Read More about The demand for tobacco in post-unification Italy.

What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia (2013)
Journal Article
Mizen, P., & Tsoukas, S. (2014). What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia. Oxford Economic Papers, 66(1), 227-253. https://doi.org/10.1093/oep/gpt005

This paper investigates bond market development in Asia by exploring the determinants of firms’ decisions to issue public debt in a range of Asian economies. Using a novel database covering the period 1995 to 2007, we use comparable micro level panel... Read More about What promotes greater use of the corporate bond market? A study of the issuance behaviour of firms in Asia.

On the social nature of eyes: the effect of social cues in interaction and individual choice tasks (2013)
Journal Article
Baillon, A., Selim, A., & van Dolder, D. (2013). On the social nature of eyes: the effect of social cues in interaction and individual choice tasks. Evolution and Human Behavior, 34(2), https://doi.org/10.1016/j.evolhumbehav.2012.12.001

In an experimental setting, we applied a dual strategy to better understand the effect of pictures of eyes on human behavior. First, we investigated whether the effect of eyes was limited to interaction tasks in which the subjects’ decisions influenc... Read More about On the social nature of eyes: the effect of social cues in interaction and individual choice tasks.

Unit Root Testing under a Local Break in Trend using Partial Information on the Break Date* (2013)
Journal Article
Harvey, D. I., Leybourne, S. J., & Robert Taylor, A. (2014). Unit Root Testing under a Local Break in Trend using Partial Information on the Break Date*. Oxford Bulletin of Economics and Statistics, 76(1), 93-111. https://doi.org/10.1111/obes.12013

We consider unit root testing allowing for a break in trend when partial information is available regarding the location of the break date. This takes the form of knowledge of a relatively narrow window of data within which the break takes place, sho... Read More about Unit Root Testing under a Local Break in Trend using Partial Information on the Break Date*.

Labor market effects of unemployment insurance design (2012)
Journal Article
Tatsiramos, K., & Van Ours, J. (2014). Labor market effects of unemployment insurance design. Journal of Economic Surveys, 28(2), https://doi.org/10.1111/joes.12005

With the emergence of the Great Recession unemployment insurance (UI) is once again at the heart of the policy debate. In this paper, we focus on the recent theoretical and empirical evidence on the labor market effects of UI design. We provide an ov... Read More about Labor market effects of unemployment insurance design.

Two key steps in the evolution of human cooperation: the interdependence hypothesis (2012)
Journal Article
Tomasello, M., Melis, A. P., Tennie, C., Wyman, E., & Herrmann, E. (2012). Two key steps in the evolution of human cooperation: the interdependence hypothesis. Current Anthropology, 53(6), https://doi.org/10.1086/668207

Modern theories of the evolution of human cooperation focus mainly on altruism. In contrast, we propose that humans’ species-unique forms of cooperation—as well as their species-unique forms of cognition, communication, and social life—all derive fro... Read More about Two key steps in the evolution of human cooperation: the interdependence hypothesis.

Cost effectiveness of epidural steroid injections to manage chronic lower back pain (2012)
Journal Article
Whynes, D. K., McCahon, R. A., Ravenscroft, A., & Hardman, J. (2012). Cost effectiveness of epidural steroid injections to manage chronic lower back pain. BMC Anesthesiology, 12(26), Article 26. https://doi.org/10.1186/1471-2253-12-26

Background
The efficacy of epidural steroid injections in the management of chronic low back pain is disputed, yet the technique remains popular amongst physicians and patients alike. This study assesses the cost effectiveness of injections administ... Read More about Cost effectiveness of epidural steroid injections to manage chronic lower back pain.