Economics and Finance: Recent submissions
Now showing items 161-180 of 371
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Discounting and the market valuation of defined benefit pensions
This is the pre-peer reviewed version of the following article: Breedon, F. and Larcher, L. (2021), Discounting and the market valuation of defined benefit pensions. Eur Financ Manag. Accepted Author Manuscript. ... -
Natural Resource Wealth and Crime: The Role of International Price Shocks and Public Policy
(Elsevier, 2021-09-22) -
Subjective Bond Returns and Belief Aggregation
This paper proposes an aggregation scheme of subjective bond return expectations based on the historical accuracy of professional interest rate forecasters. We use disaggregated survey data on bond returns and document ... -
How Voluntary Information Sharing Systems Form: Evidence from a U.S. Commercial Credit Bureau
We use the introduction of a U.S. commercial credit bureau to study when lenders adopt voluntary information sharing technology and the resulting consequences for competition and credit access. Our results suggest that ... -
Assortative Matching or Exclusionary Hiring? The Impact of Employment and Pay Policies on Racial Wage Differences in Brazil
We measure the effects of firm policies on racial pay differences in Brazil. Non-Whites are less likely to be hired by high-wage firms, explaining about 20 percent of the racial wage gap for both genders. Firm-specific pay ... -
The Identifying Information in Vector Autoregressions with Time-Varying Volatilities: An Application to Endogenous Uncertainty
We develop a structural vector autoregression with stochastic volatility in which one of the variables can impact both the mean and the variance of the other variables. We provide conditional posterior distributions for ... -
Runoff Elections in the Laboratory
This is a pre-copyedited, author-produced version of an article accepted for publication in The Economic Journal following peer review. The version of record [Laurent Bouton, Jorge Gallego, Aniol Llorente-Saguer, Rebecca ... -
Global imbalances revisited: The transfer problem and transport costs in monopolistic competition
(2017-09-01)We study the welfare effects of trade imbalances in a two-sector model of monopolistic competition. As in perfect competition, a trade surplus involves an income transfer to the deficit country and possibly a terms-of-trade ... -
Concentration in International Markets: Evidence from US Imports
The concentration of US imports is studied from transaction-level data. Concentration has fallen in the typical industry, while it is stable by industry-origin. Falling concentration is driven by the extensive margin: the ... -
A noncooperative foundation of the competitive divisions for bads
Many economic situations involve the division of bads. We study a noncooperative game model for this type of division problem. The game resembles a standard multilateral bargaining model, but in our case, perpetual ... -
Exact asymptotic minimax constants for the estimation of analytical functions in L_p
(SpringerLink, 1996) -
(The Struggle for) Refugee Integration into the Labour Market: Evidence from Europe
We study the labour market performance of refugees vis-à-vis comparable migrants across 20 European countries and over time. In the first part of our analysis, we document that labour market outcomes for refugees are ... -
Positive Stock Information In Out-Of-The-Money Option Prices
We examine whether the option market leads the stock market with respect to positive in addition to negative price discovery. We document that out-of-the-money (OTM) option prices, which determine the Risk-Neutral Skewness ... -
Revenue- versus spending-based fiscal consolidation announcements: Multipliers and follow-up
(Elsevier BV, 2021-02)