Economic theory, as well as empirical findings, suggest that the way in which agricultural support is provided has an influence on land markets, because payments capitalise to some degree into land values, affecting both the sale and rental price of land. The present paper analyses how the...

The present paper proposes a strategy for estimating panel data models in the presence of sample selection and endogeneity arising from endogenous explanatory variables and unobserved heterogeneity. We propose three alternative tests for selection bias and estimation strategies to correct for...

In the centrally planned economy of the former Soviet Union, retail and wholesale trade were very much neglected. Since the beginning of transition the share of trade has increased considerably both in terms of its contribution to national product and employment. This paper analyses the...

This paper examines the potential impact of East–West migration of talent on the innovative capital and hence the long-run growth prospects in Eastern sending countries. Complementing previous studies, we examine the impact of high-skill migration not only on the formation of human capital,...

We enquiry about the effects of first and second order stochastic dominance shifts of the distribution of the consumers’ willingness to pay, within the standard model of a market with network externalities and hump-shaped demand curve. This issue is analyzed in the polar cases of perfect...

Using individual-level data for China, Korea, and Japan for 2006, this research examines how life satisfaction for married males and females in East Asian countries is influenced by the age of their children. Our results show (1) the life satisfaction of females who have a child younger than 12...

In this study, using scanner data, collected from super-market transactions in 2009, we estimate an eight equations simultaneous model with a 3SLS routine, with the objective to empirically analyze the Grappa market structure. Results show that the supply side of the Grappa market is...

This work provides a new way to analyze of the effect of electoral system and corruption: through its degree of proportionality. It seems the correct way to consider them because their proportionality degree varies under the same PR, plurality and mixed system. Results show that those degrees of...

We explore how participation in social networking sites (SNS) such as Facebook and Twitter affects the most economically relevant aspect of social capital, trust. We use measures of trust in strangers (or social trust), trust in neighbours and trust in the police. We address endogeneity in the...