A Forward Looking Ricardian Approach: Do Land Markets Capitalize Climate...
The hedonic pricing method is one of the fundamental approaches used to estimate the economic value of attributes that affect the market price of an asset. In environmental economics, such methods are...
View ArticleThe Impact of Pre-marital Sex Ratios on Household Saving in Two Asian...
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975-2010 period, focusing in particular on the impact of the pre-marital sex ratio on...
View ArticlePotential Unemployment Insurance Duration and Labor Supply: The Individual...
We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of UI recipients and the aggregate labor market. Using a regression discontinuity...
View ArticleThe Fed and Lehman Brothers: Introduction and Summary -- by Laurence Ball
Why did the Federal Reserve let Lehman Brothers fail? Fed officials say they lacked the legal authority to rescue the firm, because it did not have adequate collateral to borrow the cash it needed....
View ArticleCurse of Anonymity or Tyranny of Distance? The Impacts of Job-Search Support...
We conduct a randomized evaluation of two job-search support programs for urban youth in Ethiopia. One group of treated respondents receives a subsidy to cover the transport costs of job search....
View ArticleOptimal Tax Administration -- by Michael Keen, Joel Slemrod
This paper sets out a framework for analyzing optimal interventions by a tax administration, one that parallels and can be closely integrated with established frameworks for thinking about optimal tax...
View ArticleCEO Pay and the rise of Relative Performance Contracts: A Question of...
Would moving to relative performance contracts improve the alignment between CEO pay and performance? To address this we exploit the large rise in relative performance awards and the share of equity...
View ArticleThe Political Economy of Public Debt: A Laboratory Study -- by Marco...
This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation of public debt. A legislature bargains over the levels of a public good and of...
View ArticleDo tax Incentives for Research Increase Firm Innovation? An RD Design for...
We present evidence of a causal impact of research and development (R&D) tax incentives on innovation. We exploit a change in the asset-based size thresholds for eligibility for R&D tax...
View ArticlePersistent Social Networks: Civil War Veterans who Fought Together Co-Locate...
At the end of the U.S Civil War, veterans had to choose whether to return to their prewar communities or move to new areas. The late 19th Century was a time of sharp urban growth as workers sought out...
View ArticleNo Pain, No Gain: The Effects of Exports on Effort, Injury, and Illness -- by...
Increased job effort can raise productivity and income but put workers at increased risk of illness and injury. We combine Danish data on individuals' health with Danish matched worker-firm data to...
View ArticleJim Iorio Has Joined EBS BrokerTec As Global Head Of Sales - Jim Will Be A...
EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that Jim Iorio has joined the company as Global Head of Sales and will sit on EBS...
View ArticleNew York Institute Of Technology Professor Michael F. Hutt Joins Speakerbus
Michael F. Hutt, Adjunct Professor, Electrical and Computer Engineering at the New York Institute of Technology, joins Speakerbus, the UK-headquartered leading innovator of mission-critical voice...
View ArticleCISI Offers Support To EU Financial Services Regulators And Firms To Meet New...
The CISI is offering support to European financial services regulators and firms, and ultimately consumers, by publishing its own guidance booklet setting out its stall across the Qualifications,...
View ArticleCME Group Foundation Grants $3.6 Million To Support Math Education For...
CME Group Foundation today announced the launch of the second phase of its Early Math Education Initiative and $3.6 million in new grants for the program. The initiative, first established in October...
View ArticleToronto Stock Exchange, TSX Venture Exchange, Montréal Exchange And...
Toronto Stock Exchange, TSX Venture Exchange, Montréal Exchange and TSX Alpha Exchange will be closed on Monday, August 1, 2016 for the Civic Holiday.read more...
View ArticleCFTC Extends Designation Of DTCC-SWIFT As LEI Provider - One-Year Extension...
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider of legal...
View ArticleOn an Optimal Extraction Problem with Regime Switching. (arXiv:1602.06765v2...
This paper studies an optimal irreversible extraction problem of an exhaustible commodity in presence of regime shifts. A company extracts a natural resource from a reserve with finite capacity, and...
View ArticleExtracting Geography from Trade Data. (arXiv:1607.05235v1 [q-fin.TR])
The gravity equation has been successful in establishing a connection between the amount of trade between two countries, their respective gross domestic products and "distance" (a complex notion...
View ArticleNumerical and analytical methods for bond pricing in short rate convergence...
In this survey paper we discuss recent advances on short interest rate models which can be formulated in terms of a stochastic differential equation for the instantaneous interest rate (also called...
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