Birth Order and Delinquency: Evidence from Denmark and Florida -- by Sanni N....
Birth order has been found to have a surprisingly large influence on educational attainment, yet much less is known about the role of birth order on delinquency outcomes such as disciplinary problems...
View ArticleThe Missing Bretton Woods Debate over Flexible Exchange Rates -- by Douglas...
The collapse of the gold standard in the 1930s sparked a debate about the merits of fixed versus floating exchange rates. Yet the debate quickly vanished: there was almost no discussion about the...
View ArticleReversed Citations and the Localization of Knowledge Spillovers -- by Ashish...
Spillover of knowledge is considered to be an important cause of agglomeration of inventive activity. Many studies argue that knowledge spillovers are localized based on the observation that patents...
View ArticleDo Anti-Poverty Programs Sway Voters? Experimental Evidence from Uganda -- by...
A Ugandan government program allowed groups of young people to submit proposals to start skilled enterprises. Among 535 eligible proposals, the government randomly selected 265 to receive grants of...
View ArticleOwnership Concentration and Strategic Supply Reduction -- by Ulrich...
We explore the sensitivity of the U.S. government's ongoing incentive auction to multi-license ownership by broadcasters. We document significant broadcast TV license purchases by private equity firms...
View ArticleWinter is Coming: The Long-Run Effects of Climate Change on Conflict,...
We investigate the long-run effects of cooling on conflict. We construct a geo-referenced and digitized database of conflicts in Europe, North Africa, and the Near East from 1400-1900, which we merge...
View ArticleMacro-economic Management in an Electronic Credit/Financial System -- by...
Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible...
View ArticleEvaluating Post-Secondary Aid: Enrollment, Persistence, and Projected...
This paper reports updated findings from a randomized evaluation of a generous, privately- funded scholarship program for Nebraska public college students. Scholarship offers boosted college enrollment...
View ArticleEndogenous wage indexation and aggregate shocks
Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past inflation, a finding that is at odds with the assumption of constant indexation...
View ArticleWage and price setting: new evidence from Uruguayan firms
This paper presents new evidence on wage and price setting based on a survey of more than 300 Uruguayan firms in 2013. Most of the firms set prices considering costs and adding a profit margin;...
View ArticleWhy Would Abercrombie & Fitch Pay Someone NOT to Wear Its Apparel?
When we think about social influence, we typically think about how and why people tend to feel pressures to conform to the behavior of their peers, colleagues, or teammates. We act a certain way, or...
View ArticleOn VIX Futures in the rough Bergomi model. (arXiv:1701.04260v1 [q-fin.PR])
The rough Bergomi model introduced by Bayer, Friz and Gatheral has been outperforming conventional Markovian stochastic volatility models by reproducing implied volatility smiles in a very realistic...
View ArticleDynamic Prize Linked Savings: Maximizing Savings and Managing Risk....
Prize linked savings accounts provide a return in the form of randomly chosen accounts receiving large cash prizes, in lieu of a guaranteed and uniform interest rate. This model became legal for...
View ArticleSome correspondences between Index Number Theory in economy and the General...
GDP of China is about 11 trillion dollars and GDP of the United States is about 18 trillion dollars. Suppose that we know for the coming years, economy of the US will experience a real growth rate...
View ArticleOn the tail behavior of a class of multivariate conditionally heteroskedastic...
Conditions for geometric ergodicity of multivariate ARCH processes, with the so-called BEKK parametrization, are considered. We show for a class of BEKK-ARCH processes that the invariant distribution...
View ArticleMean-Reverting Portfolio Design with Budget Constraint. (arXiv:1701.05016v1...
This paper considers the mean-reverting portfolio design problem arising from statistical arbitrage in the financial markets. We first propose a general problem formulation aimed at finding a portfolio...
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The Power of Positive Destruction: How to Turn a Business Idea Into a Revolution
It's no longer good enough to build a company to last; today it's about building a company to ignite change. The Power of Positive Destruction reveals how to start a new business, disrupt an industry,...
View ArticleDigital Sense: The Common Sense Approach to Effectively Blending Social...
Digital Sense provides a complete playbook for organizations seeking a more engaged customer experience strategy. By reorganizing sales and marketing to compete in today's digital-first, omni-channel...
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January 2017 Data Update 3: Cracking the Currency Code
There was a time in the not so distant past, where analysts could do their analysis in their local currencies and care little or not at all about foreign currencies, how they moved and why. This was...
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