All Outputs (85)

Tests for an end-of-sample bubble in financial time series (2017)
Journal Article

In this paper we examine the issue of detecting explosive behaviour in economic and financial time series when an explosive episode is both ongoing at the end of the sample, and of finite length. We propose a testing strategy based on the sub-samplin... Read More about Tests for an end-of-sample bubble in financial time series.

The macroeconomics of aid: overview (2017)
Journal Article

This Special Issue explores macroeconomic effects of aid from various perspectives through a blend of studies, both conceptual and empirical in nature. The overall aim is to enhance the understanding of the macroeconomic dimensions of aid in the poli... Read More about The macroeconomics of aid: overview.

Showdown in Schönau: a contest case study (2017)
Book Chapter

This chapter analyzes a referendum campaign as a case study of a contest. The referendum, held in 1996 in the small German town of Schönau, led to the replacement of the conventional electricity supplier by a firm founded by the local environmentalis... Read More about Showdown in Schönau: a contest case study.

Evolution of consistent conjectures in semi-aggregative representation of games, with applications to public good games and contests (2017)
Book Chapter

In a semi-aggregative representation of a game, the payoff of a player depends on a player's own strategy and on a personalized aggregate of all players' strategies. Suppose that each player has a conjecture about the reaction of the personalized agg... Read More about Evolution of consistent conjectures in semi-aggregative representation of games, with applications to public good games and contests.

Motivation, resources and the organization of the school system (2017)
Journal Article

This paper studies a model where student effort and talent interact with parental and teachers' investments, as well as with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for example... Read More about Motivation, resources and the organization of the school system.

Job and worker turnover in German establishments (2017)
Journal Article

We use a simple non-parametric regression approach to measure the relationship between employment growth, hirings and separations in a large panel of German establishments over the period 1993--2014. Although it is often claimed that firms in Europe... Read More about Job and worker turnover in German establishments.

Growth and inequality in public good provision (2017)
Journal Article

In a novel experimental design we study public good games with dynamic interdependencies, where each agent’s wealth at the end of period t serves as her endowment in t + 1. In this setting growth and inequality arise endogenously allowing us to addre... Read More about Growth and inequality in public good provision.

From mine to coast: transport infrastructure and the direction of trade in developing countries (2017)
Journal Article

Mine-related transport infrastructure typically connects mines directly to the coast, a pat- tern that is most clearly seen in Africa. We estimate the effect of such infrastructure on the pattern of bilateral trade flows. We find that a standard devi... Read More about From mine to coast: transport infrastructure and the direction of trade in developing countries.

Product and labor market entry costs, underemployment and international trade (2017)
Book Chapter

We develop a small, open economy, two-sector model with heterogeneous agents and endogenous participation in a labor matching market. There are two types of agents: workers and entrepreneurs. Both populations are heterogeneous. Workers are distinguis... Read More about Product and labor market entry costs, underemployment and international trade.

Producer services and trade liberalization (2017)
Book Chapter

Trade liberalization and recent advances in communication and information technologies increasingly permit the trade of producer services across borders. This entry discusses research on the nature and importance of such trade, and on the consequence... Read More about Producer services and trade liberalization.

Overbooking (2017)
Journal Article

We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline... Read More about Overbooking.

Cournot vs. Bertrand under centralised bargaining (2017)
Journal Article

We revisit the debate on Cournot and Bertrand profit comparison in a vertically related upstream market for inputs. We find that when an input pricing contract is determined through centralised bargaining, the final goods producers earn higher (lower... Read More about Cournot vs. Bertrand under centralised bargaining.

All these worlds are yours, except India: the effectiveness of export subsidies in Nepal (2017)
Working Paper

This paper evaluates the effect on firm-level export out-comes of the Cash Incentive Scheme for Exports program provided by the Government of Nepal. The analysis utilizes customs-level data for 2011–14, combined with information on the subsidy paymen... Read More about All these worlds are yours, except India: the effectiveness of export subsidies in Nepal.

Signaling about norms: socialization under strategic uncertainty (2017)
Journal Article

We consider a signaling model where adults possess information about the dominant social norm. Children want to conform to whatever norm is dominant but, lacking accurate information, take the observed behavior of their parent as representative. We s... Read More about Signaling about norms: socialization under strategic uncertainty.

Do foreign workers reduce trade barriers? Microeconomic evidence (2017)
Journal Article

This paper provides evidence that foreign workers reduce firms' trade costs and thus increase the probability that firms export. This informs both the literature on trade costs and the microeconomic literature on firms' export behaviour. We identif... Read More about Do foreign workers reduce trade barriers? Microeconomic evidence.

The impact of job contact networks on wages of rural–urban migrants in China: a switching regression approach (2017)
Journal Article

In nationally representative household data from the 2008 Chinese Rural to Urban Migration Survey, nearly two thirds of rural–urban migrants found their employment through family members, relatives, friends or acquaintances. This paper investigates w... Read More about The impact of job contact networks on wages of rural–urban migrants in China: a switching regression approach.

An economic theory of foreign interventions and regime change (2017)
Journal Article

I construct a theory of foreign interventions in which a home country's main trade partner may influence the course of regime change. The foreign country intervenes in support of the group that draws the largest gains from trade, since such a group i... Read More about An economic theory of foreign interventions and regime change.

Time matters less when outcomes differ: uni-modal versus cross-modal comparisons in intertemporal choice (2017)
Journal Article

Uni-modal intertemporal decisions involve comparing options of the same type (e.g. apples now versus apples later), and cross-modal decisions involve comparing options of different types (e.g. a car now versus a vacation later). As we explain, existi... Read More about Time matters less when outcomes differ: uni-modal versus cross-modal comparisons in intertemporal choice.

Public Sector Wage Policy and Labor Market Equilibrium: A Structural Model (2017)
Journal Article

We develop and estimate a structural model that incorporates a sizable public sector in a labor market with search frictions. The wage distribution and the employment rate in the public sector are taken as exogenous policy parameters. Overall wage di... Read More about Public Sector Wage Policy and Labor Market Equilibrium: A Structural Model.

Intergenerational field transitions in economics (2017)
Journal Article

This note documents trends of socialization and intergenerational mobility across research networks (fields) in economics. Using data on advisor-advisee pairs, we find that intergenerational field similarity is more prevalent in larger and successful... Read More about Intergenerational field transitions in economics.