infonet-economy

This paper develops a nonparametric methodology for treatment evaluation with multiple outcome periods under treatment endogeneity and missing outcomes. We use instrumental variables, pre-treatment characteristics, and short-term (or intermediate) outcomes to identify the average treatment effect on the outcomes of compliers (the subpopulation whose treatment reacts on the instrument…

Purpose: This editorial essay uses the attribute ‘critical' as a sensitizing concept to emphasize entrepreneurship's role in overcoming extant relations of exploitation, domination and oppression. It builds on the premise that entrepreneurship not only brings about new firms, products and services but also new openings for more liberating forms of individual and collective…

In recent years, attempts to move urban planning from a focus on formal designs to processes of organizing that take place outside and across the boundaries of well-defined planning projects have gathered steam. The presentation seeks to contribute to this movement through a conceptual and empirical reconsideration and revitalization of the notion of participation. Empirically, the…

Studies on the capital structure of Asian corporations are rare, and most of those studies support different explanations of financing decisions compared to the ones accepted for the USA and Europe. We test relationships that are typical of the Tradeoff Theory and the Pecking Order Theory, and analyze the speed of adjustment toward target capital structures for 1239 companies with…

In operations and service management generating revenues is as important as reducing costs. Although logistics customer service is an important measure for executives, little research has been conducted to quantify the extent to which improvements of service levels contribute to a company's revenues. The paper applies existing fuzzy-based methods to monetarily determine the…

This chapter takes Switzerland's much praised three-pillar system to illustrate some of the challenges pension system reforms face in an aging society. It shows that policymakers are confronted by some individuals with behavioral anomalies, and by others who strategically exploit the system The trade-off between providing incentives and adequate retirement income limits policy…

Based on the Canadian National Population Health Survey we estimate the effects of individ-ual sports and exercise on individual labor market outcomes. The data covers the period from 1994 to 2008. It is longitudinal and rich in life-style, health, and physical activity in-formation. Exploiting these features of the data allows for a credible identification of the effects as well as…

We use individual U.S. commercial bank balance sheet and income statement information
to develop stylized facts about bank portfolio choices in both the cross section and over
time. We then estimate the structural parameters of a quantitative model of bank portfolio
choices (new loans, liquid investments and endogenous failure) that are made in the presence
of…

We analyse the effectiveness of vocational training under two different assignment mechanisms. The direct assignment mechanism is characterised by the strong influence of caseworkers who can directly assign the unemployed to vocational training courses. Under the voucher assignment mechanism unemployed have more freedom to choose among different courses and training providers.…