Showing 1 - 10 of 29
Survey forecasts are prone to entry and exit of forecasters as well as forecasters not contributing every period …
Persistent link: https://www.econbiz.de/10013486073
concepts. Then we examine existence of competitive equilibria with free exit and study whether maximal individual power is …
Persistent link: https://www.econbiz.de/10010484493
' inflation aversion and exit costs. …
Persistent link: https://www.econbiz.de/10010492336
We estimate by means of indirect inference a structural economic model where firms’ exit and investment decisions are … the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the …, and find that both increased short-run profitability and a higher capital stock lowers the exit probability - this effect …
Persistent link: https://www.econbiz.de/10010474825
Historically, dissolutions of currency unions are not unusual. I use an annual panel data set covering 245 country pairs that use a common currency (of which 128 are dissolved) from 1948 through 1997 to characterize currency union exits. I find that departures from a currency union tend to occur...
Persistent link: https://www.econbiz.de/10011404290
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on … that in the case of the EU, an exit-voice logic lies at the basis of Article 50. More generally, in heterogeneous (quasi …-)federations formed through voluntary accession, prospective members may require an exit right in order to join, especially if they will …
Persistent link: https://www.econbiz.de/10011884402
, in a fairly general setting in which the likelihood of exit is affected by the degree of cooperation, that the … possibility of exit reduces the optimal degree of initial cooperation. "Full" cooperation will never be optimal, and the optimal … degree of cooperation will never be such as to "squeeze out" any possibility of exit. However, an increase in global …
Persistent link: https://www.econbiz.de/10011809916
In this first empirical analysis of how sanctions affect international migration, we apply two estimation strategies, a panel difference-in-differences model and an event study approach. Our dataset covers 79,791 dyad-year observations, reflecting migration flows from 157 origin countries to 32...
Persistent link: https://www.econbiz.de/10014452302
, which can be of three types: accommodation, predation with no future entry, and predation with hit-and-run entry. We use the …
Persistent link: https://www.econbiz.de/10013284883
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010210716