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The article focuses on the effects that type I errors can have on the incentives of firms to compete, collude or engage … in efficiency promoting socially beneficial cooperation. Our results confirm that in the presence of type I errors the … type I enforcement errors can have on social welfare when applied to the regulation of horizontal agreements. …
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which approach is most effective at minimizing inclusion and exclusion errors. We conclude that community-based targeting is …. However, targeting performance is strongly affected by implementation capacity and modalities. Through a simulation exercise …
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Statistics Norway projects the population by age, sex and immigrant background at the national level. This paper examines the accuracy of the Norwegian population projections produced between 1996 and 2018. We assess deviations between projected and registered numbers, both for the total...
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The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same choice problems in several rounds. We fit a simple error model and investigate how behavior changes in the course of the experiment. Our analysis complements and extends Hey...
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Keynes' mathematical Treatise addresses what some call 'radical uncertainty', which he thought endemic in world affairs and whose appreciation underpinned much of his later work. In contrast, the mainstream view in economics, as elsewhere, has been that even if radical uncertainty exists, either...
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In the wake of the Melitz (2003) model of heterogeneous firms in international trade, new theoretical models arose that try to assess the impact of trade on wage inequality within sectors, a feature that neoclassical trade theory cannot sufficiently explain. Based on the predictions of Helpman,...
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