All Outputs (628)

Recent reforms in Spanish housing markets: an evaluation using a DSGE model (2014)
Journal Article
Mora-Sanguinetti, J. S., & Rubio, M. (2014). Recent reforms in Spanish housing markets: an evaluation using a DSGE model. Economic Modelling, 44(Supp.1), Article S42-S49. https://doi.org/10.1016/j.econmod.2014.04.028

After a long academic debate, Spain finally repealed in 2012 the deduction for home purchase. The abrogation took effect in 2013. In parallel, the VAT for the purchase of new housing was increased after a short period in which it had a reduced rate.... Read More about Recent reforms in Spanish housing markets: an evaluation using a DSGE model.

Attracting skilled immigrants: an overview of recent policy developments in advanced countries (2014)
Journal Article
Facchini, G., & Lodigiani, E. (2014). Attracting skilled immigrants: an overview of recent policy developments in advanced countries. National Institute Economic Review, 229(1), Article R3-R21. https://doi.org/10.1177/002795011422900102

In this paper we review the policies put in place by the main Western destination countries to attract highly skilled migrants. Two main systems can be identified. On the one hand, employer-driven schemes typically call for the migrant to meet a set... Read More about Attracting skilled immigrants: an overview of recent policy developments in advanced countries.

Attack, defence, and contagion in networks (2014)
Journal Article
Goyal, S., & Vigier, A. (2014). Attack, defence, and contagion in networks. Review of Economic Studies, 81(4), 1518-1542. https://doi.org/10.1093/restud/rdu013

© The Author 2014. Connections between individuals facilitate the exchange of goods, resources, and information and create benefits. These connections may be exploited by adversaries to spread their attacks as well. What is the optimal way to design... Read More about Attack, defence, and contagion in networks.

Testing for exogeneity in cointegrated panels (2014)
Journal Article
Trapani, L. (2015). Testing for exogeneity in cointegrated panels. Oxford Bulletin of Economics and Statistics, 77(4), https://doi.org/10.1111/obes.12072

This paper proposes a test for the null that, in a cointegrated panel, the long-run correlation between the regressors and the error term is different from zero. As is well known, in such case the OLS estimator is T-consistent, whereas it is math for... Read More about Testing for exogeneity in cointegrated panels.

Do unemployment benefits help those seeking work to obtain better jobs? (2014)
Journal Article
Tatsiramos, K. (2014). Do unemployment benefits help those seeking work to obtain better jobs?. https://doi.org/10.15185/izawol.44

Unemployment insurance schemes face a well-known trade-off between providing income support to those out of work and reducing their incentive to look for work. Often overlooked in the public debate is that such support can increase the quality (in te... Read More about Do unemployment benefits help those seeking work to obtain better jobs?.

Heterogeneous firm-level responses to trade liberalization: a test using stock price reactions (2014)
Journal Article
Breinlich, H. (2014). Heterogeneous firm-level responses to trade liberalization: a test using stock price reactions. Journal of International Economics, 93(2), https://doi.org/10.1016/j.jinteco.2014.04.002

This paper presents novel empirical evidence on key predictions of heterogeneous firm models by examining stock market reactions to the Canada–United States Free Trade Agreement of 1989 (CUSFTA). I derive testable predictions for a class of models ba... Read More about Heterogeneous firm-level responses to trade liberalization: a test using stock price reactions.

Does consultation improve decision-making? (2014)
Journal Article
Isopi, A., Nosenzo, D., & Starmer, C. (2014). Does consultation improve decision-making?. Theory and Decision, 77(3), https://doi.org/10.1007/s11238-014-9449-9

This paper reports an experiment designed to test whether prior consultation within a group affects subsequent individual decision-making in tasks where demonstrability of correct solutions is low. In our experiment, subjects considered two paintings... Read More about Does consultation improve decision-making?.

Chover-type laws of the k-iterated logarithm for weighted sums of strongly mixing sequences (2014)
Journal Article
Trapani, L. (2014). Chover-type laws of the k-iterated logarithm for weighted sums of strongly mixing sequences. Journal of Mathematical Analysis and Applications, 420(2), https://doi.org/10.1016/j.jmaa.2014.06.042

This note contains a Chover-type Law of the k-Iterated Logarithm for weighted sums of strong mixing sequences of random variables with a distribution in the domain of a stable law. We show that the upper part of the LIL is similar to other studies in... Read More about Chover-type laws of the k-iterated logarithm for weighted sums of strongly mixing sequences.

Privatization in the presence of foreign competition and strategic policies (2014)
Journal Article
Dijkstra, B., Mathew, A., & Mukherjee, A. (2014). Privatization in the presence of foreign competition and strategic policies. Journal of Economics, 114(3), https://doi.org/10.1007/s00712-014-0407-3

Recent evidence shows that developing and transition economies are increasingly privatizing their public firms and also experiencing rapid growth of inward foreign direct investment (FDI). In an international mixed oligopoly with strategic tax/subsid... Read More about Privatization in the presence of foreign competition and strategic policies.

Bargaining over an endogenous agenda (2014)
Journal Article
Anesi, V., & Seidmann, D. J. (2014). Bargaining over an endogenous agenda. Theoretical Economics, 9(2), https://doi.org/10.3982/TE1318

We present a model of bargaining in which a committee searches over the policy space, successively amending the default by voting over proposals. Bargaining ends when proposers are unable or unwilling to amend the existing default, which is then impl... Read More about Bargaining over an endogenous agenda.

Self-selection into laboratory experiments: pro-social motives versus monetary incentives (2014)
Journal Article
Abeler, J., & Nosenzo, D. (2014). Self-selection into laboratory experiments: pro-social motives versus monetary incentives. Experimental Economics, 18(2), https://doi.org/10.1007/s10683-014-9397-9

Laboratory experiments have become a wide-spread tool in economic research. Yet, there is still doubt about how well the results from lab experiments generalize to other settings. In this paper, we investigate the self-selection process of potential... Read More about Self-selection into laboratory experiments: pro-social motives versus monetary incentives.

The effects of public spending composition on firm productivity (2014)
Journal Article
Kneller, R., & Misch, F. (2014). The effects of public spending composition on firm productivity. Economic Inquiry, 52(4), https://doi.org/10.1111/ecin.12092

This paper exploits the unique institutional features of South Africa to estimate the impact of provincial public spending on firm productivity. In contrast to existing microeconomic evidence, we explore the effects of fiscal expenditures and remove... Read More about The effects of public spending composition on firm productivity.

Civil war and U.S. foreign influence (2014)
Journal Article
Albornoz, F., & Hauk, E. (2014). Civil war and U.S. foreign influence. Journal of Development Economics, 110, 64-78. https://doi.org/10.1016/j.jdeveco.2014.05.002

We study how foreign interventions affect civil war around the world. In an infinitely repeated game we combine a gambling for resurrection mechanism for the influencing country with the canonical bargaining model of war in the influenced country to... Read More about Civil war and U.S. foreign influence.

Work and tax evasion incentive effects of social insurance programs (2014)
Journal Article
Bergolo, M., & Cruces, G. (2014). Work and tax evasion incentive effects of social insurance programs. Journal of Public Economics, 117, 211-228. https://doi.org/10.1016/j.jpubeco.2014.04.015

This article studies how social insurance programs shape individual's incentives to take up registered employment and to report earnings to the tax authorities. The analysis is based on a social insurance reform in Uruguay that extended healthcare co... Read More about Work and tax evasion incentive effects of social insurance programs.

Comments on: Extensions of some classical methods in change point analysis (2014)
Journal Article
Trapani, L. (2014). Comments on: Extensions of some classical methods in change point analysis. TEST, 23(2), https://doi.org/10.1007/s11749-014-0367-5

Promoting cooperation: the distribution of reward and punishment power (2014)
Book Chapter
Nosenzo, D., & Sefton, M. (2014). Promoting cooperation: the distribution of reward and punishment power. In P. A. Van Lange, B. Rockenbach, & T. Yamagishi (Eds.), Reward and punishment in social dilemmas. Oxford University Press

Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups... Read More about Promoting cooperation: the distribution of reward and punishment power.

Self-control, financial literacy & the co-holding puzzle (2014)
Journal Article
Gathergood, J., & Weber, J. (2014). Self-control, financial literacy & the co-holding puzzle. Journal of Economic Behavior and Organization, 107, https://doi.org/10.1016/j.jebo.2014.04.018

We use UK survey data to analyze the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance sheets, which we name the ‘co-holding puzzle'. Approximately 12% of households in our sample co-... Read More about Self-control, financial literacy & the co-holding puzzle.

Postulates and paradoxes of voting power in a noncooperative setting (2014)
Book Chapter
Montero, M. (in press). Postulates and paradoxes of voting power in a noncooperative setting. In Voting Power and Procedures: Essays in Honour of Dan Felsenthal and Moshé Machover. Springer. https://doi.org/10.1007/978-3-319-05158-1

This paper discusses whether the equilibrium of a popular formal bargaining model due to Baron and Ferejohn (1989) satisfies the postulates that Felsenthal and Machover (1998) consider essential in any power measure. It is well known that the equilib... Read More about Postulates and paradoxes of voting power in a noncooperative setting.

Estimating spot volatility with high-frequency financial data (2014)
Journal Article
Zu, Y., & Boswijk, P. (2014). Estimating spot volatility with high-frequency financial data. Journal of Econometrics, 181(2), https://doi.org/10.1016/j.jeconom.2014.04.001

We construct a spot volatility estimator for high-frequency financial data which contain market microstructure noise. We prove consistency and derive the asymptotic distribution of the estimator. A data-driven method is proposed to select the
scale... Read More about Estimating spot volatility with high-frequency financial data.

Individual choices in dynamic networks: an experiment on social preferences (2014)
Journal Article
van Dolder, D., & Buskens, V. (2014). Individual choices in dynamic networks: an experiment on social preferences. PLoS ONE, 9(4), Article e92276. https://doi.org/10.1371/journal.pone.0092276

Game-theoretic models of network formation typically assume that people create relations so as to maximize their own outcome in the network. Recent experiments on network formation suggest that the assumption of self-interest might be unwarranted and... Read More about Individual choices in dynamic networks: an experiment on social preferences.