Now showing items 41-60 of 83 starting with L

    • Labor market returns to college major specificity 

      Leighton, Margaret; Speer, Jamin (University of St Andrews, 2017-12-21) - Working or discussion paper
      This paper defines and measures college major specificity and estimates its labor market return over a worker’s life cycle. After reviewing other measures which have been used to measure specialization, we propose a novel ...
    • Local currency pricing, foreign monetary shocks and exchange rate policy 

      Senay, Ozge; Sutherland, Alan (2015-09-01) - Journal article
      The implications of local currency pricing (LCP) for monetary regime choice are analysed for a country facing foreign monetary shocks. In this analysis expenditure switching is potentially welfare reducing. This contrasts ...
    • The local environment shapes refugee integration : evidence from post-war Germany 

      Braun, Sebastian Till; Dwenger, Nadja (University of St Andrews, 2018-09-11) - Working or discussion paper
      This paper studies how the local environment in receiving counties affected the economic, social, and political integration of the eight million expellees who arrived in West Germany after World War II. We first document ...
    • Lower tax for minimum wage earners 

      FitzRoy, Felix; Jin, Jim (University of St Andrews, 2017-02) - Working or discussion paper
      We show that minimum wage earners should pay a lower tax than high earners. Though intuitive, this idea is not supported by the existing literature. The optimal maximin tax curve and two-band taxes are usually decreasing. ...
    • Monetary policy and financial stability in the long run : a simple game-theoretic approach 

      Cao, Jin; Chollete, Lorán (2017-02) - Journal article
      Many theoretical central bank models use short horizons and focus on a single tradeoff. However, in reality, central banks play complex, long-horizon games and face more than one tradeoff. We account for these strategic ...
    • Multi-task research and research joint ventures 

      La Manna, Manfredi M A (2013-04) - Journal article
      The paper shows that, whenever the completion of a research project requires the overcoming of more than one research obstacle, then Research Joint Ventures enjoy an intrinsic advantage relative to independent firms. This ...
    • Nominal Stability and Financial Globalization 

      Devereux, Michael B.; Senay, Ozge; Sutherland, Alan (2014-08) - Journal article
      Over the past four decades, there has been a substantial increase in financial globalization, that is, rapid growth in gross external portfolio positions. There has also been a substantial fall in the variability of ...
    • On the microeconomic foundations of linear demand for differentiated products 

      Amir, Rabah; Erickson, Philip; Jin, Jim (2017-05) - Journal article
      This paper provides a thorough exploration of the microeconomic foundations for the multi-variate linear demand function for differentiated products, which is widely used in industrial organization. The setting is the ...
    • On the persistence of output fluctuations in high technology sectors 

      Lasselle, Laurence; Aloi, Marta; McMillan, David G. (School of Economics and Finance, University of St Andrews, 2000) - Working or discussion paper
      Fatás (2000) argues that in a cross-section analysis of countries there exists a positive correlation between long-term growth rates and the persistence of output fluctuations. The current paper extends this line of ...
    • Optimal allocation with ex post verification and limited penalties 

      Mylovanov, Tymofiy; Zapechelnyuk, Andriy (2017-09) - Journal article
      Several agents with privately known social values compete for a prize. The prize is allocated based on the claims of the agents, and the winner is subject to a limited penalty if he makes a false claim. If the number of ...
    • Optimal substantive standards for competition authorities 

      Katsoulacos, Yannis; Metsiou, Eleni; Ulph, David Tregear (2016-09) - Journal article
      Recent years have witnessed a significant resurgence in the debate concerning the optimal substantive standard to be used in the enforcement of competition law. One of the arguments proposed for using a Consumer Surplus ...
    • Optimal universal and categorical benefit provision with classification errors and imperfect enforcement 

      Slack, Sean; Ulph, David (2017-04) - Journal article
      We determine the optimal combination of a universal benefit and categorical benefit when individuals differ in their ability to work and, if able to work, their productivity. The categorical benefit is conditioned ex ante ...
    • Partial knowledge restrictions on the two-stage threshold model of choice 

      Manzini, Paola; Mariotti, Marco; Tyson, Christopher J. (2016-05) - Journal article
      In the context of the two-stage threshold model of decision making, with the agent's choices determined by the interaction of three "structural variables," we study the restrictions on behavior that arise when one or more ...
    • Penalizing cartels : the case for basing penalties on the price overcharge 

      Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David Tregear (2015-09) - Journal article
      In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a ...
    • Preferential votes and minority representation in open list proportional representation systems 

      Negri, Margherita (2018-02) - Journal article
      Under open list proportional representation, voters vote both for a party and for some candidates within its list (preferential vote). Seats are assigned to parties in proportion to their votes and, within parties, to the ...
    • Prices and deadweight loss in multiproduct monopoly 

      Amir, Rabah; Jin, Jim Yongtao; Pech, Gerald; Tröge, Michael (2016-06) - Journal article
      The paper investigates prices and deadweight loss in multiproduct monopoly with linear interrelated demand and constant marginal costs. We show that, with commonly used models for linear demand such as the Bowley demand ...
    • Procedures for eliciting time preferences 

      Freeman, David; Manzini, Paola; Mariotti, Marco; Mittone, Luigi (2016-06) - Journal article
      We study three procedures to elicit attitudes towards delayed payments: the Becker-DeGroot-Marschak procedure; the second price auction; and the multiple price list. The payment mechanisms associated with these methods are ...
    • R&D cyclicality and composition effects : a unifying approach 

      Chernyshev, Nikolay (2017-09-27) - Working or discussion paper
      Existing empirical studies do not concur on whether R&D spending is procyclical or countercyclical: the former hypothesis is supported by studies of aggregate R&D spending, whereas the latter is vindicated by firm-level ...
    • Rationally inattentive preferences and hidden information costs 

      de Oliveira, Henrique; Denti, Tommaso; Mihm, Maximilian; Ozbek, Kemal (2017-05-26) - Journal article
      We show how information acquisition costs can be identified using observable choice data. Identifying information costs from behavior is especially relevant when these costs depend on factors–such as time, effort and ...
    • Relative equity market valuation conditions and acquirers’ gains 

      Barbopoulos, Leonidas; Andriosopoulos, Dimitris (2017-10) - Journal article
      We examine whether the relative equity market valuation conditions (EMVCs) in the countries of merging firms help acquirers’ managers to time the announcements of both domestic and foreign targets. After controlling for ...