Results 271 to 280 of about 69,721 (321)
A Note on Robustness in Merton's Model of Intertemporal Consumption and Portfolio Choice
Paolo Vanini, Fabio Trojani
openalex +1 more source
Dynamics of Fiscal Habits and Soft Budgets in Federations
ABSTRACT In this paper, we are motivated by empirical evidence of persistent, implicit or explicit, bailouts in federations from high‐tier (e.g., center) governments to low‐tier (e.g., state) governments. We build a novel dynamic model for a federation containing N ≥ 2 $N\ge 2$ identical regional governments and a central government.
João Ricardo Faria, Emilson C. D. Silva
wiley +1 more source
The Compatriot Win Effect and Behavioural Biases in Lottery Markets
ABSTRACT This paper presents evidence to support the compatriot win effect as a behavioural bias in lottery demand. We exploit the quasi‐random assignment of the jackpot prize across provinces in the Christmas draw of the Spanish National Lottery to examine whether lottery sales increase in jackpot‐winning provinces in subsequent draws.
David Boto‐García +2 more
wiley +1 more source
Abstract The return to “old glories” is one of the main promises of radical‐right parties, picking up on widespread longings for the collective past. Many people argue that radical‐right support is motivated by Relative Deprivation, that is, the perception of being worse off than others.
Carla Grosche, Tobias Rothmund
wiley +1 more source
Mapping the Determinants of Female Employment: Labour Market Areas and Spatial Spillovers
Abstract This paper examines the territorial determinants of female employment rates using labour market areas (LMAs) – functional units based on commuting patterns – to mitigate the Modifiable Area Unit Problem (MAUP). Drawing on detailed Spanish census microdata and spatial econometrics, we find that male unemployment negatively affects female ...
Raquel Simón‐Albert +3 more
wiley +1 more source
ABSTRACT This paper proposes a novel extension of the classical cobweb price model by incorporating behavioral inventory responses through an anticipatory mini‐storage mechanism. In many real‐world commodity markets, persistent price oscillations occur even when classical stability conditions are theoretically satisfied, an inconsistency traditional ...
M. Anokye +6 more
wiley +1 more source

