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We estimate peer effects for fourth graders in six European countries. The identification relies on variation across classes within schools. We argue that classes within primary schools are formed roughly randomly with respect to family background. Similar to previous studies, we find sizeable...
Persistent link: https://www.econbiz.de/10012466488
that rejection rates of the model increase after property rights reforms moved the fishery away from the tragedy of the …
Persistent link: https://www.econbiz.de/10012480342
We show that grandfathering fishing rights to local users or recognizing first possessions is more dynamically efficient than auctions of such rights. It is often argued that auctions allocate rights to the highest-valued users and thereby maximize resource rents. We counter that rents are not...
Persistent link: https://www.econbiz.de/10012462138
in pro-European sentiments in the EU 15 countries. The 1992 Maastricht Treaty seems to have reduced the pro …
Persistent link: https://www.econbiz.de/10012457545
A number of market failures have been associated with R&D investments and significant amounts of public money have been spent on programs to stimulate innovative activities. In this paper, we review some recent microeconomic studies evaluating effects of government sponsored commercial R&D. We...
Persistent link: https://www.econbiz.de/10012471860
Input subsidies in natural resource sectors are widely believed to cause depletion of the natural capital on which those sectors rely. But identification and data challenges have stymied attempts to empirically estimate the causal effect of subsidies on resource extraction. China's fishing fleet...
Persistent link: https://www.econbiz.de/10014247928
("misfortunes") or imperfect decisions ("mistakes"). Bank records from Iceland show borrowers are especially illiquid just before …
Persistent link: https://www.econbiz.de/10012480273
We explore whether the 2008 economic collapse in Iceland and subsequent economic crisis affected the probability of …
Persistent link: https://www.econbiz.de/10012480952
In the early stages of the COVID-19 pandemic, international testing efforts tended to target individuals whose symptoms and/or jobs placed them at a high presumed risk of infection. Testing regimes of this sort potentially result in a high proportion of cases going undetected. Quantifying this...
Persistent link: https://www.econbiz.de/10012481383
We use detailed data for Iceland to examine two often-neglected aspects of the "exchange rate pass-through" problem … price indexes in Iceland for 2003-2019, a period that includes Iceland's banking and currency crisis of 2008. We find that … the pass-through declined around the time Iceland reformed its "flexible inflation targeting," and that the coefficients …
Persistent link: https://www.econbiz.de/10012496073