Now showing items 31-40 of 5144
No Pain, No Gain: Market Reform, Unemployment, and Politics in Bulgaria
(2003-05-15)
In 1997, a new center-right government came to power in Bulgaria with a mandate to accelerate market reforms. By the time of the next elections in 2001, 75 percent of GDP was produced in the private sector, compared to 45 ...
Stock Price Manipulation Through Takeover Bids
(1989-11)
The possibility that a takeover bid is designed solely to allow the bidder to drive up the stock price, sell his holdings at the higher price and drop the bid has not been studied nor incorporated into analyses of takeovers. ...
The Effect of Pre-Primary Education on Primary School Performance
(2006-07-01)
Although the theoretical case for universal pre-primary education is strong, the empirical foundation is weak. In this paper, we contribute to the empirical case by investigating the effect of a large expansion of universal ...
Common Knowledge and Game Theory
(1988-07)
Perhaps the most important area in which common knowledge problems arise is in the study of rational expectations equilibria in the trading of risky securities. How can there be trade if everybody's willingness to trade ...
Online Education in Community Colleges: Access, School Success, and Labor-Market Outcomes
(2014)
Chapter 1 provides the first evidence on the effect of online education on labor-market outcomes. I employ an individual-fixed-effects estimation strategy using data on over 100,000 community-college enrollees and show ...
A re-examination of the Purchasing Power Parity using non-stationary dynamic panel methods : a comparative approach for developing and developed countries
(2003-04-02)
The aim of this paper is to apply recent advances in the econometrics of non-stationary dynamic panel methods to examine the robustness of the PPP concept for a sample of 73 developed and developing countries. Our ...
The use of accounting information in bank lending decisions
(Elsevier, 1989)
This paper examines the impact of accounting information on the sequential judgements of experienced bank loan officers using realistic lending cases in an experimental setting. The findings suggest that loan officers reach ...