An 'option-pricing' model is employed to analyse when a firm should expand its production capabilities abroad. In a framework where the firm's profits are determined by some average of the attractiveness of the home and foreign countries, and attractiveness in each country follows differentiated...

Since 1994, the European Community Household Panel provides information on changes in the French households income and on household situation vis-à-vis the labour market month after month. Using the five available waves, this paper investigates the impact of some family events and changes in...

We propose four different GMM estimators that allow almost consistent estimation of the structural parameters of panel probit models with fixed effects for the case of small T and large N. The moments used are derived for each period from a first order approximation of the mean of the dependent...