Showing 1 - 10 of 154
This paper examines whether patenting increases the private incentives to innovate in manufacturing. To study this issue, we build a model in which the value of an innovation depends both on the type of innovation implemented (product, process) and on the existence of a patent protection or not....
Persistent link: https://www.econbiz.de/10005118819
likelihood and MCMC methods are employed to draw from the posterior distribution. The main finding is that the real interest rate …
Persistent link: https://www.econbiz.de/10005407891
mountain of empirical evidence now shows, economic conditions and slowly-changing parental education levels determine children …'s school enrollment to a greater degree than education policy interventions. A succession of international meetings has … nevertheless adopted a litany of utopian international goals for universal school enrollment and gender parity in education based …
Persistent link: https://www.econbiz.de/10005407681
This paper deals with the optimality of teacher incentive contracts in the presence of costly or limited government resources. It considers educational production under asymmetric information as a function of teacher effort and class size. In the presence of costly government resources and...
Persistent link: https://www.econbiz.de/10005076924
We estimate the demand for colleges in the United States by relating new applications to easily comparable characteristics of the schools in the sample. We find that the demand for 1134 U.S. colleges in 1994 is positively related to out-of-state tuition but inversely related to in- state...
Persistent link: https://www.econbiz.de/10005125047
role of education. It distinguishes between property and interpersonal crime and proposes an econometric estimation of the … model for 723 municipalities of Minas Gerais, one of the 26 Brazilian states. Education has a significant reducing effect …
Persistent link: https://www.econbiz.de/10005134619
experimental and field-auction settings. We further investigate the ability of cheap talk to mitigate positive hypothetical bias in …
Persistent link: https://www.econbiz.de/10005407824
This paper examines the interactions between household members’ utilities when deciding whether or not to join the labor market. Using asymptotic least squares, we analyze a sample of 5425 couples living in France in 1997. By comparing the results obtained with more standard methods, we find...
Persistent link: https://www.econbiz.de/10005408344
Social learning models of investment provide an interesting alternative explanation for sudden changes in investment behaviour. Caplin and Leahy (1994) develop a model of social learning in which agents learn about the true state of demand from the investment suspension decisions of other...
Persistent link: https://www.econbiz.de/10005412756
In this paper we investigate the coherence between bank ratings and default probability in emerging market economies using scoring and mapping techniques. In order to achieve its disciplining role, the rating should be coherent with the default risk it summarizes and disseminate. This issue is...
Persistent link: https://www.econbiz.de/10005076980