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Refereed essays Web of Science
This paper studies the effects of a minimum price fixed by a bureaucratic non-monopolistic professional association on service quality and consumer surplus. It shows that the price set by a Niskanen-type professional association will maximize consumer surplus only if consumers demand the highest possible average quality. If consumers demand services of lesser quality, the association's price will be ...
In:
European Journal of Law and Economics
30 (2010), 2, S. 171-199
| Georg Meran, Reimund Schwarze
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Refereed essays Web of Science
We investigate the analytical and empirical linkages between cash flow, uncertainty, and firms' capital investment behavior. Our empirical approach constructs measures of own- and market-specific uncertainty from firms' daily stock returns and S&P 500 index returns along with a CAPM-based risk measure. Our results indicate that even in the presence of important firm-specific variables, uncertainty ...
In:
Oxford Economic Papers
62 (2010), 2, S. 286-306
| Christopher F. Baum, Mustafa Caglayan, Oleksandr Talavera
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Refereed essays Web of Science
In this paper I develop an intertemporal discrete choice model of female labor supply to analyze the effects of true state dependence and its effect on labor supply behavior over time. The estimation results show that state dependence is significantly positive at the extensive margin and lower but in general still significant at the intensive margin. I apply this model to study the short and long run ...
In:
Labour Economics
17 (2010), 2, S. 323-335
| Peter Haan
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Refereed essays Web of Science
In Europe natural gas vehicles play a minor role. A decisive reason for this is the dependence of most European countries from gas imports. Except for Italy, there is no tradition to use natural gas as fuel. In addition, there is a lack of infrastructure (e.g. fuelling stations). In contrast to Europe, in Latin American and Asian countries natural gas vehicles are widespread. Some countries foster ...
In:
Energy Policy
38 (2010), 2, S. 1017-1029
| Hella Engerer, Manfred Horn
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Refereed essays Web of Science
This study models maximum temperatures in Switzerland monitored in twelve locations using the generalised extreme value (GEV) distribution. The parameters of the GEV distribution are determined within a Bayesian framework. We find that the parameters of the underlying distribution underwent a substantial change in the beginning of the 1980s. This change is characterised by an increase both in the level ...
In:
Stochastic Environmental Research and Risk Assessment
24 (2010), 2, S. 311-326
| Boriss Siliverstovs, Rainald Ötsch, Claudia Kemfert, Carlo C. Jaeger, Armin Haas, Hans Kremers
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Refereed essays Web of Science
This paper examines the effects of firm-level innovation in carbon-abatement technologies on optimal cap-and-trade schemes with and without price controls. We characterize optimal cap-and-trade regulation with a price cap and a price floor, and compare it to the special cases of pure taxation and a simple emissions cap. Innovation shifts the tradeoff between price- and quantity-based instruments towards ...
In:
Journal of Environmental Economics and Management
60 (2010), 2, S. 115-132
| Thomas A. Weber, Karsten Neuhoff
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Refereed essays Web of Science
This paper examines whether schooling has a causal impact on individuals' political behavior. Between 1949 and 1969, the number of compulsory years of schooling in the Federal Republic of Germany was gradually increased across all federal states. These legislative changes provide an opportunity to investigate the causal impact of schooling on political behavior. Years of schooling are found to be positively ...
In:
The Scandinavian Journal of Economics
112 (2010), 2, S. 315-338
| Thomas Siedler
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Refereed essays Web of Science
This article examines the implications of moving to Computer-Assisted Personal Interviewing (CAPI) for data quality by analyzing the transition from Paper-and-Pencil (PAPI) to Computer-Assisted Personal Interviewing (CAPI) on a subsample of the German Socio-Economic Panel (SOEP) conducted using an "experimental design" in Wave 1. The 2,000 addresses for the sample E of SOEP were split into two subsamples ...
In:
Journal of Official Statistics
26 (2010), 2, S. 239-269
| Jörg-Peter Schräpler, Jürgen Schupp, Gert G. Wagner
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Refereed essays Web of Science
Throughout adulthood and old age, levels of well-being appear to remain relatively stable. However, evidence is emerging that late in life well-being declines considerably. Using long-term longitudinal data of deceased participants in national samples from Germany, the United Kingdom, and the United States, we examined how long this period lasts. In all 3 nations and across the adult age range, well-being ...
In:
Psychology and Aging
25 (2010), 2, S. 477-485
| Denis Gerstorf, Nilam Ram, Guy Mayraz, Mira Hidajat, Ulman Lindenberger, Gert G. Wagner, Jürgen Schupp
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Refereed essays Web of Science
Although sample selection bias is a frequent problem of applied research, there has been no generalization of sample selection models with binary dependent variables of interest to data with temporal error correlations. We suggest a generalized estimating equation approach to panel data selection models, considering binary responses in both equations. We demonstrate the utility of this model by a simulation ...
In:
Political Analysis
18 (2010), 2, S. 172-188
| Martin Spieß, Martin Kroh