The last century provided the stage for important changes in the productivity of all industries. The Industrial Revolution together with the several technological revolutions enhanced the growth rhythm of economies by introducing new and improved production means. This article analyses several...

Recently, Internet auction sites have begun to compete in emotions by advertising the fun and excitement that bidders may experience during auction participation. The implicit conjecture inherent in these advertisements is that consumers derive a hedonic value from auction participation that...

This paper offers the first application of the local approximation method pioneered by Schluter and Trede (2003) for the Shorrocks mobility indices across the earnings distribution for a range of European Countries covering the main European social models: Denmark, Germany, Spain, the UK and...