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All Outputs (1081)

Resisting Education (2024)
Journal Article
Carvalho, J., Koyama, M., & Williams, C. (2024). Resisting Education. Journal of the European Economic Association, https://doi.org/10.1093/jeea/jvae008

Educational institutions not only build human capital; they also shape culture. We present a model of cultural dynamics produced by cultural transmission through the education system. Groups that are culturally marginalized become economically disadv... Read More about Resisting Education.

A nonparametric random effects model for the valuation of forest recreation services: An application to forest sites in Tuscany, Italy (2024)
Journal Article
Pellegrini, A., Lombardi, G. V., Scarpa, R., & Rose, J. M. (2024). A nonparametric random effects model for the valuation of forest recreation services: An application to forest sites in Tuscany, Italy. The Australian Journal of Agricultural and Resource Economics, 68(2), 229-252. https://doi.org/10.1111/1467-8489.12557

This study assesses individuals’ preferences for the use of forest sites for recreational purposes by means of the Logit Mixed Logit (LMNL) model (Train, 2016). The appeal of the LML is that the analyst need not assume any specific functional form fo... Read More about A nonparametric random effects model for the valuation of forest recreation services: An application to forest sites in Tuscany, Italy.

Nominal exchange rates and net foreign assets' dynamics: The stabilization role of valuation effects (2024)
Journal Article
Eugeni, S. (2024). Nominal exchange rates and net foreign assets' dynamics: The stabilization role of valuation effects. Journal of International Money and Finance, 141, Article 103018. https://doi.org/10.1016/j.jimonfin.2024.103018

This paper proposes a parsimonious OLG model with output shocks to shed light on the impact of the nominal exchange rate on the dynamics of net foreign assets through valuation effects. We show that an increase in the share of world GDP leads to a tr... Read More about Nominal exchange rates and net foreign assets' dynamics: The stabilization role of valuation effects.

Information Aggregation Under Ambiguity: Theory and Experimental Evidence (2024)
Journal Article
Galanis, S., Ioannou, C. A., & Kotronis, S. (2024). Information Aggregation Under Ambiguity: Theory and Experimental Evidence. The Review of Economic Studies, https://doi.org/10.1093/restud/rdae009

We study information aggregation in a dynamic trading model. We show theoretically that separable securities, introduced by Ostrovsky in the context of Expected Utility, no longer aggregate information if some traders have imprecise beliefs and are a... Read More about Information Aggregation Under Ambiguity: Theory and Experimental Evidence.

Female directors and CSR: Does the presence of female directors affect CSR focus? (2024)
Journal Article
Ren, X., Li, J., Wang, X., & Lei, X. (2024). Female directors and CSR: Does the presence of female directors affect CSR focus?. International Review of Financial Analysis, 92, Article 103101. https://doi.org/10.1016/j.irfa.2024.103101

This study examines the impact of female directors on CSR by drawing on social role theory and literature about female leadership style. Using a sample of Chinese firms from 2007 to 2021, we show a strong correlation between female directors and an e... Read More about Female directors and CSR: Does the presence of female directors affect CSR focus?.

Labour immobility between industries: Consequences for the macroeconomy (2024)
Journal Article
Basu, P., Chivers, D., & Park, C. (2024). Labour immobility between industries: Consequences for the macroeconomy. Economic Systems, 48(2), Article 101184. https://doi.org/10.1016/j.ecosys.2024.101184

Workers are failing to move to the most productive industries, despite the offer of higher wages. In order to explain this phenomenon, we provide evidence that when an industry experiences a positive, labour-productivity shock, it is subsequently har... Read More about Labour immobility between industries: Consequences for the macroeconomy.

Do Financial Markets Respond to Populist Rhetoric? (2023)
Journal Article
ÇAKMAKLI, C., DEMİRALP, S., & GÜNEŞ, G. Ş. (2024). Do Financial Markets Respond to Populist Rhetoric?. Oxford Bulletin of Economics and Statistics, 86(3), 541-567. https://doi.org/10.1111/obes.12591

With the global rise in populism over the last decade, there has been an increase in political commentaries (PC) by leaders that criticize their central banks and argue for lower interest rates. We analyse the effects of PCs on exchange rates, bond y... Read More about Do Financial Markets Respond to Populist Rhetoric?.

The Value of Information in Stopping Problems (2023)
Journal Article
Lehrer, E., & Wang, T. (2023). The Value of Information in Stopping Problems. Economic Theory, 78, 619–648. https://doi.org/10.1007/s00199-023-01543-8

We consider stopping problems in which a decision maker (DM) faces an unknown state of nature and decides sequentially whether to stop and take an irreversible action, or pay a fee and obtain additional information. We discuss the value and quality o... Read More about The Value of Information in Stopping Problems.

Speed traps: algorithmic trader performance under alternative market balances and structures (2023)
Journal Article
Peng, Y., Shachat, J., Wei, L., & Zhang, S. S. (2024). Speed traps: algorithmic trader performance under alternative market balances and structures. Experimental Economics, 27(2), 325-350. https://doi.org/10.1007/s10683-023-09816-8

Using double auction market experiments with both human and agent traders, we demonstrate that agent traders prioritising low latency often generate, sometimes perversely so, diminished earnings in a variety of market structures and configurations. W... Read More about Speed traps: algorithmic trader performance under alternative market balances and structures.

Habits and demand changes after COVID-19 (2023)
Journal Article
Bambi, M., Ghilli, D., Gozzi, F., & Leocata, M. (2024). Habits and demand changes after COVID-19. Journal of Mathematical Economics, 110, Article 102933. https://doi.org/10.1016/j.jmateco.2023.102933

In this paper, we investigate how a transitory lockdown of a sector of the economy may have changed our habits and, therefore, altered the goods’ demand permanently. In a two-sector infinite horizon economy, we show that the demand of the goods produ... Read More about Habits and demand changes after COVID-19.

Strike incidence and outcomes: New evidence from the 2019 ECS (2023)
Journal Article
Addison, J. T., & Teixeira, P. (2024). Strike incidence and outcomes: New evidence from the 2019 ECS. European Journal of Industrial Relations, 30(2), 123-149. https://doi.org/10.1177/09596801231206979

This paper investigates the relationship between union organization, workplace representation, the quality of industrial relations and strike incidence, as well as the implications of the matters at stake in localized disputes. Strike incidence is fo... Read More about Strike incidence and outcomes: New evidence from the 2019 ECS.

The gender pay gap in UK universities 2004/5 to 2019/20 (2023)
Journal Article
Harris, R., Mate-Sanchez-Val, M., & Ruiz Marín, M. (2023). The gender pay gap in UK universities 2004/5 to 2019/20. Studies in Higher Education, https://doi.org/10.1080/03075079.2023.2280205

Using UK data supplied by universities, this paper confirms that women academics earn less than men, even after controlling for a range of covariates. Despite narrowing after 2004/05, the observed (unconditional)pay gap was still -0.089 in 2019/20, w... Read More about The gender pay gap in UK universities 2004/5 to 2019/20.

Payment delay in workfare programmes and household welfare: Theory and some evidence from India (2023)
Journal Article
Basu, P., Raj S. N, R., & Sen, K. (2024). Payment delay in workfare programmes and household welfare: Theory and some evidence from India. Manchester School, 92(2), 93-121. https://doi.org/10.1111/manc.12460

Using the lens of a life cycle model, we argue that an administrative failure of a wage payment delay in a workfare programme could adversely affect the welfare of the poor through two channels. First, it imposes an implicit consumption tax on the ho... Read More about Payment delay in workfare programmes and household welfare: Theory and some evidence from India.

The "double-edged sword" effects of career support mentoring on newcomer turnover: How and when it helps or hurts. (2023)
Journal Article
Deng, H., Guan, Y., Zhou, X., Li, Y., Cai, D., Li, N., & Liu, B. (2023). The "double-edged sword" effects of career support mentoring on newcomer turnover: How and when it helps or hurts. Journal of Applied Psychology, 109(7), 1094-1114. https://doi.org/10.1037/apl0001143

Research on mentoring programs has portrayed them almost exclusively beneficial for newcomer retention. Drawing from the social cognitive model of career management and the boundaryless career perspective, we depart from this predominant view and exa... Read More about The "double-edged sword" effects of career support mentoring on newcomer turnover: How and when it helps or hurts..