By examining the impact of capital regulation on bank risk-taking using a local estimation technique, we are able to quantify the heterogeneous response of banks towards this type of regulation in banking sectors of western-type economies. Subsequently, using this information on the bank-level...

Active Labour Market Policies (ALMPs), which provide training and subsidised employment to the unemployed, are an important part of Ireland’s welfare state. While a good deal of existing research is concerned with the effect of these policies on employment chances and on wage rates, none...

This paper proves a nonparametric identification result for a stochastic dynamic discrete choice game of incomplete information. The joint distribution of the private information and the stage game payoffs of the players are both assumed unknown for the econometrician and the private...

We propose a short review between two alternative ways of modeling stability and change of longitudinal data when time-fixed and time-varying covariates referred to the observed individuals are available. They both build on the foundation of the finite mixture models and are commonly applied in...