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Abstract This paper presents the findings of an experimental study of risk aversion in decision making under uncertainty. When presented with a series of gambles, subjects determined the certainty-equivalent wealth [...]

Abstract In this paper we present estimates of the responses of individuals to marginal tax rates in their reporting of income, using data from individual tax returns for the year [...]

Abstract This paper investigates to what extent the observed nonlinearities in the unemployment rates of six major developed economies are the response to cyclical asymmetries. Two classes of models are [...]

Abstract There has been a growing interest among policy makers on the use of information disclosure policies for pollution control. This paper theoretically assesses the consequences of information disclosure policies [...]

Abstract The purpose of the paper is to find out the borrowing cost premia for those individuals who are liquidity-constrained, or who are first-time buyers of real estate. The analysis [...]

Abstract This paper analyzes the efficiency of a Portuguese public-owned hotel chain, Enatur. It applies data envelopment analysis (DEA) to estimate total factor productivity (TFP) change, while breaking it down [...]

Abstract This paper proposes a model and methodology for studying the effect of experience on an auditor's expert potential. Expert potential is defined as an increase in the expected level [...]

This paper utilizes the dynamic error-correction model (DECM) to examine the issue of purchasing power parity (PPP) for 11 developing countries (Argentina, Bolivia, Colombia, Cote d'Ivo ire, Ecuador, Guatemala, Kenya, [...]

Tim Hudson (*) Abstract This paper suggests an investment strategy which allows an investor to specify the desired return on investment to be equal to the expected rate of inflation [...]

Lorenzo Garbo (*) Abstract Recent literature on competition in regulation concludes that the iterative adjustment that may start with mutual recognition is an open-ended process. This paper shows that, even [...]

RUBINA VOHRA [*] The purpose of this paper is to examine the role of export-growth linkage in India, Pakistan, the Philippines, Malaysia, and Thailand on the basis of time series [...]

FERNANDO PERERA TALLO [*] This paper presents a model in which technological progress affects the productivity of the financial sector. When technological progress moves quickly, the financial intermediation costs are [...]

CARLES GRIFUL-MIQUELA [*] This paper will analyze the main costs that third-party logistics companies are facing and develops an activity-based costing methodology useful for this kind of company. It will [...]

REINHARD NECK [*] This paper presents the specification and estimation of SLOPOL1 (Slovenian Economic Policy Model, Version 1), a macroeconometric model for Slovenia. Since Slovenia became an independent state in [...]

This paper investigates the portfolio problem of environmental taxation. That is, the policy maker must compromise to accommodate different goals and trade-offs of competing policy objectives. To develop this argument, [...]

In this paper, we study the contagion of stock market crisis around the world by examining daily and weekly returns and weekly volatility of 14 major market indexes. We construct [...]

This paper examines the role of group values in a public goods experiment. We study the relationship between subjects' scores on a survey of individualism and collectivism and their behavior [...]

This paper acknowledges the existence of global linkages between equity markets. It aims at generating neural network models that tie together 10 global equity market indices. The objective is to [...]

AUGUSTIN ALONSO-RODRIGUEZ [*] This paper is an introduction to artificial neural networks as a statistical and econometric tool. The fundamentals of the theory are presented and two applications illustrate the [...]

This paper analyzes unusual, globally unique, environmental policies that aim at mitigating externalities from production processes in the European Union and Canada by fixing the output decisions in the coal [...]

Abstract Traditional specifications about imports have their foundations on the symmetry of the cycle. However, the wide debate about the asymmetric character of the cycle has aroused much interest in [...]

Abstract Relations between manufacturers and distributors have been the center point of the distribution channel's management. This study covers the effects of coercive, as well as non-coercive power on intermediary [...]

Abstract Competitiveness in most developed countries is increasingly measured in terms of the quality of goods and services and to a lesser extent in terms of prices. It is crucial [...]

Abstract The impact of immigration on the change in the unemployment rate in the Netherlands is analyzed using panel data from 26 labor market regions from 1996 through 2003. This [...]

Quasi-markets have been created within the health care sector in many countries. One commonly used market model is the purchaser-provider split, which implies that purchasers use contracts to control the providers. A hierarchical organizational solution is replaced by a contractual relation. This article shows that creating quasi-markets in public organizations is complicated by the need to balance the market actors' (the sub-units) autonomy and the efficiency of the entire public organization. The market actors have limited opportunities to work as autonomous units. The initial aim when creating market actors is to reduce their complexity by giving them distinct responsibilities and authorities. Reducing complexity in some parts of the organization, however, seems to cause problems in other parts. In the article, this effect is called quasi-market externalities or 'overflows.' The overflows result in less autonomy for the market actor because the market frame has to be changed. Fiscal pressures, volatile political actors and strong professions are sources of overflow and subsequent changes in the market frame. The conclusion is that it is difficult, perhaps impossible, to create and maintain contractual relationships when both parties are dependent on the same principal. Keywords Market creation * Framing * Overflow * NPM * Health care organization * Economic man JEL 100, An Actor in Need of Re-configuration During the last fifteen years, several studies have focused on public sector management models called New Public Management (NPM). The term, however, has no [...]

Abstract In the field of territorial economic growth, it is possible to identify important characteristics in the entrepreneurial structure, such as the structure of the size of firms, main activity [...]

Abstract Predicting corporate failure is an important management science problem. This is a typical classification question where the objective is to determine which indicators are involved in the failure or [...]

Abstract This study examines the features and determinants of intra-industry trade (IIT), horizontal IIT (HIIT) and vertical IIT (VIIT) between Portugal and the European Union in the period 1996-2002, using [...]

Abstract This work aims to explain firms' decisions to adopt Internet-based e-commerce, and the extent to which the adopters subsequently implement e-commerce to commercialize their products and services. We examine [...]

Abstract Recent empirical contributions demonstrate that countries with less independent central banks enjoy lower output losses during disinflationary cycles. To explain these somewhat surprising empirical findings, some authors suggest that [...]

Trade discrimination occurs through trade blocs (such as the European Union or the North American Free Trade Agreement) or trade blocks. Trade discrimination can be more belligerent through trade blocks [...]

INMA RODRIGUEZ [*] Brown and Reid [1997] employed an introspective approach to their examination of consumers' shopping experiences. The authors focused on the negative aspects or feelings associated with shopping. [...]

PALOMA BILBAO CALABUIG [*] Electronic commerce (EC) is not new for some European Union countries, but in others, such as Spain, it is only at the developmental stage. Now that [...]

Artificial neural networks are nonlinear models that can be trained to extract hidden structures and relationships that govern the data. They can be used for analyzing relationships among economic and [...]

During the last 30 years, financial reporting faced the shifting of measurement bases from the traditional concept of historical costs towards a fair value concept. This research follows the path [...]

Monmouth University--U.S.A. In order to finance a positive net present value project the financial manager grapples with whether or not to issue straight or convertible debt. With capital structure changes [...]

JEL D60 * 100 The relationship between income inequality and population health is still a controversial issue. Income inequality is a risk factor for health but also population health affects [...]