All Outputs (604)

Testing for Co-explosive Behaviour in Financial Time Series (2022)
Journal Article
Evripidou, A. C., Harvey, D. I., Leybourne, S. J., & Sollis, R. (2022). Testing for Co-explosive Behaviour in Financial Time Series. Oxford Bulletin of Economics and Statistics, 84(3), 624-650. https://doi.org/10.1111/obes.12487

This article proposes a test to determine if two price series that each contain an explosive autoregressive regime consistent with the presence of a bubble are related in the sense that a linear combination of them is integrated of order zero. We ref... Read More about Testing for Co-explosive Behaviour in Financial Time Series.

Reply to Nielsen et al.: Social mindfulness is associated with countries’ environmental performance and individual environmental concern (2022)
Journal Article
van Lange, P. A., Van Doesum, N. J., Murphy, R. O., Gallucci, M., Aharonov-Majar, E., Athenstaedt, U., …Van Lange, P. A. M. (2022). Reply to Nielsen et al.: Social mindfulness is associated with countries’ environmental performance and individual environmental concern. Proceedings of the National Academy of Sciences, 119(9), 1-2. https://doi.org/10.1073/pnas.2122077119

Historical Self-Governance and Norms of Cooperation (2022)
Working Paper
Rustagi, D. Historical Self-Governance and Norms of Cooperation

Does self-governance, a hallmark of democratic societies, foster or erode norms of generalized cooperation? Does this effect persist, and if so, why? I investigate these questions using a natural experiment in Switzerland. In the middle-ages, the ab-... Read More about Historical Self-Governance and Norms of Cooperation.

Measuring honesty and explaining adulteration in naturally occurring markets (2022)
Journal Article
Rustagi, D., & Kroell, M. (2022). Measuring honesty and explaining adulteration in naturally occurring markets. Journal of Development Economics, 156, Article 102819. https://doi.org/10.1016/j.jdeveco.2022.102819

There is astounding variation in product quality sold in markets even when quality is difficult to ascertain and rules are poorly enforced. We investigate whether sellers differ in innate honesty (incur private cost to provide good quality) and wheth... Read More about Measuring honesty and explaining adulteration in naturally occurring markets.

The impact of child migration on the health and well-being of parents left behind (2022)
Journal Article
Bridges, S., & Liu, L. (2022). The impact of child migration on the health and well-being of parents left behind. Journal of International Development, https://doi.org/10.1002/jid.3621

This paper uses data from the China Health and Retirement Survey to estimate the causal effect child out-migration has on the health of parents in China. For rural parents, we show that after controlling for self-selection, child out-migration has a... Read More about The impact of child migration on the health and well-being of parents left behind.

The order of presentation in trials: Plaintive plaintiffs (2022)
Journal Article
D'Agostino, E., & Seidmann, D. J. (2022). The order of presentation in trials: Plaintive plaintiffs. Games and Economic Behavior, 132, 328-336. https://doi.org/10.1016/j.geb.2022.01.009

Is it better to present evidence first or second in trials if witnesses cannot lie, and the litigants share all available witnesses? We address this question by defining preferences over playing games via their equilibrium correspondences. Exploiting... Read More about The order of presentation in trials: Plaintive plaintiffs.

Fundamentals, regimes and exchange rate forecasts: Insights from a meta exchange rate model (2022)
Journal Article
Aristidou, C., Lee, K., & Shields, K. (2022). Fundamentals, regimes and exchange rate forecasts: Insights from a meta exchange rate model. Journal of International Money and Finance, 123, Article 102601. https://doi.org/10.1016/j.jimonfin.2022.102601

A ‘meta’ model of the exchange rate combines a range of models distinguished by the drivers of the rate and by regime duration. Alternative model weights are proposed, including those obtained from a novel non-nested hypothesis-testing technique that... Read More about Fundamentals, regimes and exchange rate forecasts: Insights from a meta exchange rate model.

Social learning along international migrant networks (2022)
Journal Article
Tian, Y., Caballero, M. E., & Kovak, B. K. (2022). Social learning along international migrant networks. Journal of Economic Behavior and Organization, 195, 103-121. https://doi.org/10.1016/j.jebo.2021.12.028

We document the transmission of social distancing practices from the United States to Mexico along migrant networks during the early 2020 Covid-19 pandemic. Using data on pre-existing migrant connections between Mexican and U.S. locations and mobile-... Read More about Social learning along international migrant networks.

A Meta Model Analysis of Exchange Rate Determination (2022)
Book Chapter
Aristidou, C., Lee, K., & Shields, K. (2022). A Meta Model Analysis of Exchange Rate Determination. . Emerald Publishing Limited. https://doi.org/10.1108/s0731-90532021000043a010

A novel approach to modeling exchange rates is presented based on a set of models distinguished by the drivers of the rate and regime duration. The models are combined into a “meta model” using model averaging and non-nested hypothesis-testing techni... Read More about A Meta Model Analysis of Exchange Rate Determination.

Conforming with peers in honesty and cooperation (2022)
Journal Article
Isler, O., & Gächter, S. (2022). Conforming with peers in honesty and cooperation. Journal of Economic Behavior and Organization, 195, 75-86. https://doi.org/10.1016/j.jebo.2021.12.026

Peer observation can influence social norm perceptions as well as behavior in various moral domains, but is the tendency to be influenced by and conform with peers domain-general? In an online experiment (N = 815), we studied peer effects in honesty... Read More about Conforming with peers in honesty and cooperation.

R&D restructuring during the Great Recession and young firms (2022)
Journal Article
Garcia-Vega, M. (2022). R&D restructuring during the Great Recession and young firms. International Journal of Industrial Organization, 81, Article 102819. https://doi.org/10.1016/j.ijindorg.2021.102819

In this paper, I examine whether the Great Recession of the late 2000s (henceforth abbreviated as GR) had an effect on the organization of R&D in young versus older firms. Using a difference-in-difference approach and propensity score reweighting est... Read More about R&D restructuring during the Great Recession and young firms.

Differential price responses for tobacco consumption: implications for tax incidence (2022)
Journal Article
Cruces, G., Falcone, G., & Puig, J. (2022). Differential price responses for tobacco consumption: implications for tax incidence. Tobacco Control, 31(Suppl 2), s95-s100. https://doi.org/10.1136/tobaccocontrol-2021-056846

Increasing tobacco taxes is considered the most effective an cost-effective policy to reduce tobacco consumption. However, a common objection to tobacco taxes is that they tend to rely disproportionately on the poorest individuals since less affluent... Read More about Differential price responses for tobacco consumption: implications for tax incidence.

An Adaptive Model of Demand Adjustment in Weighted Majority Games (2021)
Journal Article
Montero, M., & Possajennikov, A. (2021). An Adaptive Model of Demand Adjustment in Weighted Majority Games. Games, 13(1), Article 5. https://doi.org/10.3390/g13010005

This paper presents a simple adaptive model of demand adjustment in cooperative games and analyzes this model in weighted majority games. In the model, a randomly chosen player sets her demand to the highest possible value subject to the demands of o... Read More about An Adaptive Model of Demand Adjustment in Weighted Majority Games.

Early Childhood Health During Conflict: The Legacy of the Lord’s Resistance Army in Northern Uganda* (2021)
Journal Article
Bridges, S., & Scott, D. (2021). Early Childhood Health During Conflict: The Legacy of the Lord’s Resistance Army in Northern Uganda*. Oxford Bulletin of Economics and Statistics, https://doi.org/10.1111/obes.12480

This paper finds evidence of severe health deficits among young children who were exposed to the Lord’s Resistance Army insurgency in Northern Uganda (1987–2007). We employ a difference-in-differences approach to estimate a 0.74 standard deviation de... Read More about Early Childhood Health During Conflict: The Legacy of the Lord’s Resistance Army in Northern Uganda*.

Default Effects of Credit Card Minimum Payments (2021)
Journal Article
Sakaguchi, H., Stewart, N., Gathergood, J., Adams, P., Guttman-Kenney, B., Hayes, L., & Hunt, S. (2022). Default Effects of Credit Card Minimum Payments. Journal of Marketing Research, 59(4), 775-796. https://doi.org/10.1177/00222437211070589

Credit card minimum payments are designed to ensure that individuals pay down their debt over time, and scheduling minimum automatic repayments helps to avoid forgetting to repay. Yet minimum payments have additional, unintended psychological default... Read More about Default Effects of Credit Card Minimum Payments.

Social proximity and the erosion of norm compliance (2021)
Journal Article
Bicchieri, C., Dimant, E., Gächter, S., & Nosenzo, D. (2022). Social proximity and the erosion of norm compliance. Games and Economic Behavior, 132, 59-72. https://doi.org/10.1016/j.geb.2021.11.012

We study how compliance with norms of pro-social behavior is influenced by peers' compliance in a dynamic and non-strategic experimental setting. We show that social proximity among peers is a crucial determinant of the effect. Without social proximi... Read More about Social proximity and the erosion of norm compliance.

Countering Public Opposition to Immigration: The Impact of Information Campaigns (2021)
Journal Article
Facchini, G., Margalit, Y., & Nakata, H. (2022). Countering Public Opposition to Immigration: The Impact of Information Campaigns. European Economic Review, 141, Article 103959. https://doi.org/10.1016/j.euroecorev.2021.103959

Is opposition to immigration deeply entrenched or is it open to updating in the face of new information? We explore this question by examining how attitudes of native citizens shift following exposure to information that points to potential upsides o... Read More about Countering Public Opposition to Immigration: The Impact of Information Campaigns.

Estimation of large dimensional time varying VARs using copulas (2021)
Journal Article
Tsionas, M. G., Izzeldin, M., & Trapani, L. (2022). Estimation of large dimensional time varying VARs using copulas. European Economic Review, 141, Article 103952. https://doi.org/10.1016/j.euroecorev.2021.103952

This paper provides a simple, yet reliable, alternative to the (Bayesian) estimation of large multivariate VARs with time variation in the conditional mean equations and/or in the covariance structure. The original multivariate, n-dimensional model i... Read More about Estimation of large dimensional time varying VARs using copulas.

Contagion in networks: Stability and efficiency (2021)
Journal Article
Bougheas, S. (2022). Contagion in networks: Stability and efficiency. Mathematical Social Sciences, 115, 64-77. https://doi.org/10.1016/j.mathsocsci.2021.10.006

We study the formation of networks in environments where agents derive benefits from their neighbours (immediate links) but suffer losses through contagion when any agent on a path that connects them is hit by a shock. We first consider networks with... Read More about Contagion in networks: Stability and efficiency.

A job ladder model with stochastic employment opportunities (2021)
Journal Article
Bradley, J., & Gottfries, A. (2021). A job ladder model with stochastic employment opportunities. Quantitative Economics, 12(4), 1399-1430. https://doi.org/10.3982/QE1394

We set up a model with on-the-job search in which firms infrequently post vacancies for which workers occasionally apply. The model nests the standard job ladder and stock-flow models as special cases, while remaining analytically tractable and easy... Read More about A job ladder model with stochastic employment opportunities.