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Identifying social norms using coordination games: spectators vs. stakeholders (2015)
Journal Article
Erkut, H., Nosenzo, D., & Sefton, M. (2015). Identifying social norms using coordination games: spectators vs. stakeholders. Economics Letters, 130, https://doi.org/10.1016/j.econlet.2015.02.021

We investigate social norms for dictator game giving using a recently proposed norm-elicitation procedure (Krupka and Weber, 2013). We elicit norms separately from dictator, recipient, and disinterested third party respondents and find that elicited... Read More about Identifying social norms using coordination games: spectators vs. stakeholders.

Is education the best contraception: the case of teenage pregnancy in England? (2015)
Journal Article
Girma, S., & Paton, D. (2015). Is education the best contraception: the case of teenage pregnancy in England?. Social Science and Medicine, 131, https://doi.org/10.1016/j.socscimed.2015.02.040

This paper examines potential explanations for recent declines in teenage pregnancy in England. We estimate panel data models of teenage conception, birth and abortion rates from regions in England. Although point estimates are consistent with the pr... Read More about Is education the best contraception: the case of teenage pregnancy in England?.

Economic status and acknowledgement of earned entitlement (2015)
Journal Article
Barr, A., Burns, J., Miller, L., & Shaw, I. (2015). Economic status and acknowledgement of earned entitlement. Journal of Economic Behavior and Organization, 118, 55-68. https://doi.org/10.1016/j.jebo.2015.02.012

We present a series of experiments that investigates whether tendencies to acknowledge entitlement owing to effort and productivity are associated with within society economic status. Each participant played a four-person dictator game under one of t... Read More about Economic status and acknowledgement of earned entitlement.

On preference imprecision (2015)
Journal Article
Cubitt, R. P., Navarro-Martinez, D., & Starmer, C. (2015). On preference imprecision. Journal of Risk and Uncertainty, 50(1), https://doi.org/10.1007/s11166-015-9207-6

Recent research invokes preference imprecision to explain violations of individual decision theory. While these inquiries are suggestive, the nature and significance of such imprecision remain poorly understood. We explore three questions using a new... Read More about On preference imprecision.

Why pay NGOs to involve the community? (2015)
Journal Article
Burger, R., Dasgupta, I., & Owens, T. (2015). Why pay NGOs to involve the community?. Annals of Public and Cooperative Economics, 86(1), https://doi.org/10.1111/apce.12065

We examine the case for donors providing financial incentives to, i.e. subsidizing, NGOs to increase community participation. We show that the introduction of such a ‘participation subsidy’ may reduce beneficiary welfare. Thus, eliminating community... Read More about Why pay NGOs to involve the community?.

Confidence sets for the date of a break in level and trend when the order of integration is unknown (2015)
Journal Article
Harvey, D. I., & Leybourne, S. J. (2015). Confidence sets for the date of a break in level and trend when the order of integration is unknown. Journal of Econometrics, 184(2), https://doi.org/10.1016/j.jeconom.2014.09.004

We propose methods for constructing confidence sets for the timing of a break in level and/or trend that have asymptotically correct coverage for both I(0) and I(1) processes. These are based on inverting a sequence of tests for the break location, e... Read More about Confidence sets for the date of a break in level and trend when the order of integration is unknown.

Complex financial networks and systemic risk: a review (2015)
Book Chapter
Bougheas, S., & Kirman, A. (2015). Complex financial networks and systemic risk: a review. In P. Commendatore, S. Kayam, & I. Kubin (Eds.), Complexity and Geographical Economics: Topics and Tools. Springer International Publishing. https://doi.org/10.1007/978-3-319-12805-4_6

In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is... Read More about Complex financial networks and systemic risk: a review.

The meta Taylor rule (2015)
Journal Article
Lee, K., Morley, J., & Shields, K. (2015). The meta Taylor rule. Journal of Money, Credit and Banking, 47(1), https://doi.org/10.1111/jmcb.12169

We characterise U.S. monetary policy within a generalized Taylor rule framework that accommodates uncertainties about the duration of policy regimes and the specification of the rule, in addition to the standard parameter and stochastic uncertainties... Read More about The meta Taylor rule.

Macroprudential and monetary policy rules: a welfare analysis (2015)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2015). Macroprudential and monetary policy rules: a welfare analysis. Manchester School, 83(2), https://doi.org/10.1111/manc.12078

This paper studies the interaction between macroprudential and monetary policies, using a DSGE model with a housing market and collateral constraints. Monetary policy follows a standard Taylor rule for the interest rate. The macroprudential authority... Read More about Macroprudential and monetary policy rules: a welfare analysis.

With a little help from my friends?: quality of social networks, job finding and job match quality (2015)
Journal Article
Cappelari, L., & Tatsiramos, K. (2015). With a little help from my friends?: quality of social networks, job finding and job match quality. European Economic Review, 78, https://doi.org/10.1016/j.euroecorev.2015.04.002

This paper studies the effect of network quality on job finding and job match quality using longitudinal data and a direct measure of network quality, which is based on the employment of friendship ties. Various identification strategies provide robu... Read More about With a little help from my friends?: quality of social networks, job finding and job match quality.

How to make experimental economics research more reproducible: lessons from other disciplines and a new proposal (2015)
Book Chapter
Maniadis, Z., Tufano, F., & List, J. A. (2015). How to make experimental economics research more reproducible: lessons from other disciplines and a new proposal. In C. A. Deck, E. Fatas, & T. Rosenblat (Eds.), Replication in Experimental Economics. Emerald Group Publishing Limited. https://doi.org/10.1108/S0193-230620150000018008

Efforts in the spirit of this special issue aim at improving the reproducibility of experimental economics, in response to the recent discussions regarding the “research reproducibility crisis.” We put this endeavour in perspective by summarizing the... Read More about How to make experimental economics research more reproducible: lessons from other disciplines and a new proposal.

Recursive right-tailed unit root tests for an explosive asset price bubble (2015)
Journal Article
Harvey, D. I., Leybourne, S. J., & Sollis, R. (2015). Recursive right-tailed unit root tests for an explosive asset price bubble. Journal of Financial Econometrics, 13(1), https://doi.org/10.1093/jjfinec/nbt025

In this article, we compare the local asymptotic and finite sample power of two recently proposed recursive right-tailed Dickey–Fuller-type tests for an explosive rational bubble in asset prices. It is shown that the power of the two tests can differ... Read More about Recursive right-tailed unit root tests for an explosive asset price bubble.

Belief aggregation in financial markets and the nature of price fluctuations (2015)
Book Chapter
Schoch, D. (2015). Belief aggregation in financial markets and the nature of price fluctuations. In V.-N. Huynh, V. Kreinovich, S. Sriboonchitta, & K. Suriya (Eds.), Econometrics of risk. Springer Verlag. https://doi.org/10.1007/978-3-319-13449-9

We present a model of financial markets, where the belief of the market, expressed by a normal distribution over asset returns, is formed by aggregating in a dynamically consistent way individual subjective beliefs of the market participants, which a... Read More about Belief aggregation in financial markets and the nature of price fluctuations.

Capital structure and the issuance of corporate bonds in emerging Asia (2014)
Book Chapter
Mizen, P., Packer, F., Remolona, E., & Tsoukas, S. (2014). Capital structure and the issuance of corporate bonds in emerging Asia. In I. J. Azis, & H. S. Shin (Eds.), Global Shock, Risks, and Asian Financial Reform. Edward Elgar. https://doi.org/10.4337/9781783477944

In emerging Asia's local-currency bond market, the government bond segments have largely come of age while the corporate bond markets have remained immature. This paper focuses on the question of what drives corporate bond issuance, an issue of great... Read More about Capital structure and the issuance of corporate bonds in emerging Asia.

Robust and powerful tests for nonlinear deterministic components (2014)
Journal Article
Astill, S., Harvey, D. I., Leybourne, S. J., & Taylor, A. M. R. (2014). Robust and powerful tests for nonlinear deterministic components. Oxford Bulletin of Economics and Statistics, 77(6), https://doi.org/10.1111/obes.12079

We develop a test for the presence of nonlinear deterministic components in a univariate time series, approximated using a Fourier series expansion, designed to be asymptotically robust to the order of integration of the process and to any weak depen... Read More about Robust and powerful tests for nonlinear deterministic components.

Migration, friendship ties, and cultural assimilation (2014)
Journal Article
Facchini, G., Patacchini, E., & Steinhardt, M. F. (2015). Migration, friendship ties, and cultural assimilation. Scandinavian Journal of Economics, 117(2), https://doi.org/10.1111/sjoe.12096

We study migrants’ assimilation by analyzing whether friendship with natives is a measure of cultural assimilation and by investigating the formation of social ties. Using the German Socio-Economic Panel, we find that migrants with a German friend ar... Read More about Migration, friendship ties, and cultural assimilation.

How Much Influence does the Chinese State have Over CEOs and their Compensation? (2014)
Book Chapter
Bryson, A., Forth, J., & Zhou, M. (2014). How Much Influence does the Chinese State have Over CEOs and their Compensation?. In J. Ortega (Ed.), International perspectives on participation (1-23). Emerald. https://doi.org/10.1108/S0885-333920140000015001

All that we know about the CEO labour market in China comes from studies of public listed companies and State-owned enterprises (SOEs). This paper is the first to examine the operation of the CEO labour market across all industrial sectors of the Chi... Read More about How Much Influence does the Chinese State have Over CEOs and their Compensation?.

CEO Incentive Contracts in China: Why does City Location Matter? (2014)
Book Chapter
Bryson, A., Forth, J., & Zhou, M. (2014). CEO Incentive Contracts in China: Why does City Location Matter?. In J. Ortega (Ed.), International perspectives on participation (25-49). Emerald. https://doi.org/10.1108/S0885-333920140000015009

CEO incentive contracts are commonplace in China but their incidence varies significantly across Chinese cities. We show that city and provincial policy experiments help explain this variance. We examine the role of two policy experiments: the use of... Read More about CEO Incentive Contracts in China: Why does City Location Matter?.