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Collusion through Joint R&D: An Empirical Assessment

This paper tests whether upstream R&D cooperation leads to downstream collusion. We show that a sufficient condition for identifying collusive behavior is a decline in the market share of RJV-participating firms. Using information from the U.S. National Cooperation Research Act, we estimate a market share equation correcting for the endogeneity of RJV participation and R&D expenditures. We find robust ...

Assessing Energy Price Induced Improvements in Efficiency of Capital in OECD Manufacturing Industries

To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stock. The results of econometric analysis for five manufacturing industries in 19 OECD countries between 1990 and 2005 indicate that higher energy prices resulted ...

Information Asymmetry and Reentry

The Determinants of Anti-trafficking Policies: Evidence from a New Index

We develop an index measuring the three main dimensions - prosecution, protection, and prevention - of the anti-trafficking policies of the governments of up to 180 countries over the 2000-2010 period. Overall, developed countries perform better than the rest of the world; compliance with prosecution policy is highest, while governmental efforts to protect victims of human trafficking remain weakest. ...

Compliance with the Baby-Friendly Hospital Initiative and Impact on Breastfeeding Rates

Objectives: To examine compliance with the Baby-Friendly Hospital Initiative (BFHI) as well as evaluate the BFHI and its components on breastfeeding initiation and duration overall and according to maternal education level. . - Design: Quasi-experimental study using data from the Pregnancy Risk Assessment Monitoring System (PRAMS) from 2004 to 2008. . - Setting: Birth facilities in Maine. . - Participants: ...

Self-Esteem across Adulthood: The Role of Resources

It is still not well understood how and why developmental trajectories of self-esteem change, particularly in late life. We investigated the role of resources for self-esteem change across adulthood. In detail, we explored between-person differences in self-esteem levels and change in relation to resources with participants who ranged in age from 17 to 100 years. Study 1 consisted of a cross-sectional ...

Parental Leave and Domestic Work of Mothers and Fathers: A Longitudinal Study of Two Reforms in West Germany

Following two parental leave reforms in West Germany, this research explores how child care and housework time changed among couples who have just had a child. The reform in 1992 extended the low paid or unpaid parental leave period, whereas the 2007 reform introduced income-dependent compensation and two "daddy months". This study contributes to the literature by examining different mechanisms on ...

Money Demand and the Role of Monetary Indicators in Forecasting Euro Area Inflation

This paper examines the stability of money demand and the forecasting performances of a broad monetary aggregate (M3), excess liquidity and excess inflation in predicting euro area inflation. The out-of sample forecasting performances are compared to a widely used alternative, the spread of interest rates. The results indicate that the evolution of M3 is still in line with money demand, even when observations ...

Individual Differences in Social Comparison and Its Consequences for Life Satisfaction: Introducing a Short Scale of the Iowa-Netherlands Comparison Orientation Measure

Research in social psychology has shown individual variation in the tendency to compare one's own opinions and abilities with those of other people, raising the question of whether social comparisons are psychological dispositions. To test the empirical validity of this proposition, Gibbons and Buunk (1999) created an instrument, the Iowa-Netherlands Comparison Orientation Measure (INCOM), that measures ...

Trade and the Environment: The Role of Firm Heterogeneity

In this paper, we derive a new effect of trade liberalization on the quality of the environment. We show that in the presence of heterogeneous firms, the aggregate volume of emissions is influenced by a reallocation effect resulting from an increase in the relative size of more productive firms. The relative importance of this reallocation effect and the scale effect well-known from the literature ...