Results 71 to 80 of about 458,924 (217)
Economics of Transition and Institutional Change, EarlyView.ABSTRACT Using the European Quality of Government Index across 183 NUTS‐2 regions (2010–2024), this paper documents that education improves institutional quality in Western Europe but not in postsocialist regions. Oaxaca–Blinder decomposition reveals that 77 percent of the West–East institutional gap reflects different returns to education, not ...
Nikolaos Tzivanakis
wiley +1 more source
Nonmonotonic Reasoning as SAT Search
, 1997 In this paper we show that there is a direct correspondence between prioritized propositional nonmonotonic reasoning and SAT search. This correspondence leads to two results. First, we can reason efficiently using a SAT oracle.
Eyal Amir
core
International Economic Review, EarlyView.ABSTRACTLarger firms feature (i) longer hours worked, (ii) higher wages, and (iii) smaller (larger) wage penalties for working long (short) hours. We reconcile these patterns in a general equilibrium model, which features the endogenous interaction of hours, wages, and firm size. In the model, workers willing to work longer hours sort into larger firms
Lin Shao +2 more
wiley +1 more source
Contractual Minimum Wages and Collective Bargaining. Italian Evidence From 40 Years of Data
Industrial Relations: A Journal of Economy and Society, EarlyView.ABSTRACT This study documents the evolution of minimum wages bargained in Italian collective contracts over a 40‐year period (1983–2023). Real minimum wages have grown over the last three decades, particularly among high‐skilled occupations, but the 2022–2023 inflation crisis eroded this growth.
Bernardo Fanfani
wiley +1 more source
Feedback and Contagion through Distressed Competition
The Journal of Finance, EarlyView.ABSTRACT Firms tend to compete more aggressively when facing financial distress. This intensified competition reduces profit margins, pushing them further into distress and adversely affecting their industry peers. To study such feedback and contagion effects, we incorporate strategic competition in a dynamic model with long‐term defaultable debt ...
HUI CHEN +3 more
wiley +1 more source
Excess Movement in Option‐Implied Beliefs
The Journal of Finance, EarlyView.ABSTRACT We derive bounds on the rational variation in option‐implied beliefs about market returns. While risk preferences distort option‐implied (or risk‐neutral) beliefs away from subjective beliefs, one can nonetheless bound risk‐neutral belief movement under a general assumption on the stochastic discount factor.
NED AUGENBLICK, EBEN LAZARUS
wiley +1 more source
Aspects and Modular Reasoning in Nonmonotonic Logic
, 2008 Nonmonotonic logic is a branch of logic that has been developed to model situations with incomplete information. We argue that there is a connection between AOP and nonmonotonic logic which deserves further study. As a concrete technical contribution and
core
When indemnity insurance fails: Parametric coverage under binding budget and risk constraints
Journal of Risk and Insurance, EarlyView.Abstract In high‐risk environments, traditional indemnity insurance is often unaffordable or ineffective, despite its well‐known optimality under expected utility. We compare excess‐of‐loss indemnity insurance with parametric insurance within a common mean‐variance framework, allowing for fixed costs, heterogeneous premium loadings, and binding budget ...
Benjamin Avanzi +2 more
wiley +1 more source
Is Nonmonotonic Reasoning Always Harder?
, 2007 . Although it has been shown that the worst-case complexity of the usual reasoning tasks in the context of nonmonotonic reasoning is presumably harder than the worst-case complexity of the relevant decision problems in classical logic, there are cases ...
Hans Tompits, Uwe Egly
core
Well-Founded Semantics for Extended Datalog and Ontological Reasoning [PDF]
, 2013 The Datalog± family of expressive extensions of Datalog has recently been introduced as a new paradigm for query answering over ontologies, which captures and extends several common description logics.
Lukasiewicz, Thomas +7 more
core +2 more sources