In the Longstaff-Schwartz Least-Squares Monte Carlo (LSM) method for American option pricing, the early-exercise strategy is based on a regression of future option values on current state variables. The dependence between continuation values and future cash flows results in potential model...

This study aims to assess the impacts of three components from Theory of Planned Behaviour (TPB) on Entrepreneurial intention and analyze the mediating effects of these three components in the relationship between Entrepreneurial education and Entrepreneurial intention and in the relationship...

We use administrative data on a sample of births between 1978 and 1985 to investigate the short, medium and long-term consequences of poor infant health. Our findings offer several advances to the existing literature on the effects of early infant health on subsequent health, education, and...

Interstate conflicts are complex and often have a multitude of causes. These factors can be social, economic, or cultural. One social factor receiving little attention in the literature is international migration. This paper uses climate shocks as a driver of emigration, to study the causal...

We introduce a novel weighted least squares approach to estimate daily realized covariation and microstructure noise variance using high-frequency data. We provide an asymptotic theory and conduct a comprehensive Monte Carlo simulation to demonstrate the desirable statistical properties of the...

Linear instrumental variable estimators, such as two-stage least squares (TSLS), are commonly interpreted as estimating positively weighted averages of causal effects, referred to as local average treatment effects (LATEs). We examine whether the LATE interpretation actually applies to the types...