Title:Does Trade Foster Institutions? An Empirical Assessment
Author(s):NICOLINI, Marcella; PACCAGNINI, AlessiaDate:2011Type of Publication:ArticleAbstract:The relationship between trade and institutions has been extensively debated by trade economists and political scientists. The aim of the present paper is to provide some empirical evidence on the causal relationship between ...
Title:Dynamics of Performance-Measurement Systems
Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2003Type of Publication:ArticleAbstract:We review the principal–agent multi-tasking literature and discuss the relevance of this literature to the implementation of performance measurement in public organizations. Arguably, the most important lesson from the ...
Title:Early News Is Good News: the Effects of Market Opening on Market Volatility
Author(s):GALLO, Giampiero M.; PACINI, BarbaraDate:1998Type of Publication:ArticleAbstract:In this paper, we examine the characteristics of market opening news and its impact on the estimated coefficients of the conditional volatility models of the GARCH class. We find that the differences between the opening ...
Title:Econometric Analyses with Backdated Data: Unified Germany and the Euro Area
Author(s):ANGELINI, Elena; MARCELLINO, MassimilianoDate:2011Type of Publication:ArticleAbstract:In this paper we compare alternative approaches for the construction of time series of macroeconomic variables for unified Germany prior to 1991, and then use them for the construction of corresponding time series for the ...
Title:Economic Networks: What Do We Know and What Do We Need to Know?
Author(s):SCHWEITZER, Frank; FAGIOLO, Giorgio; SORNETTE, Didier; VEGA-REDONDO, Fernando; WHITE, Douglas R.Date:2009Type of Publication:ArticleAbstract:We examine the emergent field of economic networks and explore its ability to shed light on the global and volatile economy where credit, ownership, innovation, investment, and virtually every other economic activity is ...
Title:Economic Perspectives on Corporate Social Responsibility
Author(s):KITZMUELLER, Markus; SHIMSHACK, JayDate:2012Type of Publication:ArticleAbstract:This paper synthesizes the expanding corporate social responsibility (CSR) literature. We define CSR from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject. We explore ...
Title:The Effect of Taxes and Bans on Passive Smoking
Author(s):ADDA, Jérôme; CORNAGLIA, FrancescaDate:2010-01-01Type of Publication:ArticleAbstract:We evaluate the effect of smoking bans and excise taxes on the exposure to tobacco smoke of nonsmokers, and we show their unintended consequences on children. Smoking bans perversely increase nonsmokers' exposure by ...
Title:Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game
Author(s):MOTTA, Massimo; VASCONCELOS, HelderDate:2005Type of Publication:ArticleAbstract:This paper uses an endogenous coalition formation game to derive an upper bound to industry concentration. The proposed coalitional stability concept assumes that firms are endowed with foresight in that they look ahead ...
Title:Efficient Mechanisms for Multiple Public Goods
Author(s):MUTUSWAMI, Suresh; WINTER, EyalDate:2004Type of Publication:ArticleAbstract:We propose two sequential mechanisms for efficient production of public goods. Our analysis differs from the existing literature in allowing for the presence of multiple public goods and in also being 'simple'. While both ...