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Recent studies have used quantile regression (QR) techniques to estimate the impact of education on the location, scale and shape of the conditional wage distribution. In our paper we investigate the degree to which work-related training – another important form of human capital – affects...
Persistent link: https://www.econbiz.de/10004977288
This paper proposes an alternative specification for the second stage of the Case-Shiller repeat sales method. This specification is based on serial correlation in the deviations from the mean one-period returns on the underlying individual assets, whereas the original Case-Shiller method...
Persistent link: https://www.econbiz.de/10005034752
The search for and dating of a possible european business cycle, has been inconclusive. At this stage, there is no consensus on the existence of such a cycle, or of its periodicity and amplitude, or of the relationship of individual member countries to that cycle. Yet cyclical convergence is the...
Persistent link: https://www.econbiz.de/10005667009
.S., we compare this bias between U.S. Cold War (CW) allies to non-CW allies, before and after the CW ended. The results show …
Persistent link: https://www.econbiz.de/10005789167
propose a new methodology to deal with transaction prices and to estimate the effect of alliances in the US domestic market …
Persistent link: https://www.econbiz.de/10011165655
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … efforts. We then perform an empirical analysis using data on the Second Congo War, a conflict that involves many groups in a … complex network of informal alliances and rivalries. We estimate the fighting externalities, and use these to infer the extent …
Persistent link: https://www.econbiz.de/10011145465
We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the … current alliances' pricing habits are not uniform and range from individual Nash to more competitive behaviours. …
Persistent link: https://www.econbiz.de/10005666444
In this paper we characterize a situation in which non-calculative trust has to play a role in the decision to cooperate. We then analyse the given situation in game theoretical terms and distinguish those aspects of players’ decisions that are cooperative from those that may be interpreted as...
Persistent link: https://www.econbiz.de/10005792217
This paper analyses theoretically and empirically the relationship between trade and war. We show that the intuition … that trade promotes peace is only partially true even in a model where trade is beneficial to all, war reduces trade and … leaders take into account the costs of war. When war can occur because of the presence of asymmetric information, the …
Persistent link: https://www.econbiz.de/10005504509
We establish a theoretical as well as empirical framework to assess the role of resource endowments and their geographic location for inter-State conflict. The main predictions of the theory are that conflict tends to be more likely when at least one country has natural resources; when the...
Persistent link: https://www.econbiz.de/10011083646