infonet-economy

Working Paper, BETA, Strasbourg#### not available in German This empirical study investigates the ratification behaviour of ILO member states. We use a multivariate hazard model for the analysis of data on the timing of ratifications of different conventions. The model accounts for two random effects, one at the country level and the other at the convention level. We use a semi-...

Not available in German The Netherlands have experienced an employment miracle since the 1980s. This note investigates what happened to the wage, unemployment, and non-employment structures between 1988 and 1998, when both unemployment and non-employment rates decreased markedly. Surprisingly, I find no significant changes in the wage structures, although there clearly was wage...

Urban development in fast-growing cities is one of the huge challenges of our time, and several projects of technical cooperation are dedicated to this issue. The aim of this paper is to help project managers to enhance their capability of dealing effectively with the formidable complexities inherent in this kind of project. For this purpose, we explore the potential of...

The aim of this paper is (i) to assess the impact of regional agreements on members’ trade in Sub-Saharan Africa (intra-regional trade as well as trade with the rest of the world), controlling for the other traditional determinants and (ii) to compare the respective effect of the preferential trade agreements and the currency unions. Considering the period 1962–96, we first assess...

While movement activists spend much of their time and energy trying to change the world, our theoretical and empirical knowledge in this field is still relatively poor. In Social Protest and Policy Change, Marco Giugni offers a systematic and empirically grounded analysis of the impact of three major contemporary movements on public policy. Using a comparative and historical...

The management of non-maturing account positions in a bank's balance like savings and sight deposits as well as certain types of variable-rate mortgages is complicated by the embedded options that its clients may exercise. In addition to the usual interest rate risk, uncertainty in the timing and amount of cash flows must be taken into account when investment or refinancing...

So far the “market power view” has been the dominant perspective of looking at the institutional setup of North American major leagues. As useful as the insights generated by this approach may be at the level of competition policy, they do not shed much light on the question of internal league organization. The reason is straightforward. A wide range of hybrid as well as all...

There is an extensive literature claiming that it is often di*cultnto make use of arbitrage opportunities in *nancial markets. Thisnpaper provides a new reason why existing arbitrage opportunitiesnmight not be seized. We consider a world with short-lived securities,nno short-selling constraints and no transaction costs. We show thatnto exploit all existing arbitrage opportunities,...