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作者：Morgenstern, RD; Pizer, WA; Shih, JS
作者单位：Resources for the Future
摘要：Reported expenditures for environmental protection are often cited as an assessment of the burden of current regulatory efforts. However. the potential for both incidental savings and uncounted costs means that the actual burden could be either higher or lower than these reported values. Using a production cost model that considers the possible interaction between environmental and non-environmental expenditures, we directly estimate the dollar-for-dollar incidental savings/uncounted costs ari...
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作者：Butler, RJ; Baldwin, ML; Johnson, WG
作者单位：Brigham Young University; University of North Carolina; East Carolina University; Arizona State University; Arizona State University-Tempe
摘要：We estimate models of workers compensation claim duration for a sample of Canadian workers with serious low-back injuries. The models extend recent duration research by allowing worker characteristics to affect duration dependence through the nonlocation parameters of the duration distribution. We compare results for modified Weibull models and piecewise-constant hazard rate models of duration dependence. The results show that workers' responses to elapsed claim duration vary significantly wit...
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作者：Asiedu, E; Esfahani, HS
作者单位：University of Kansas; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This paper theoretically and empirically examines ownership structure in foreign direct investment (FDI) projects. We show that in choosing an ownership structure, foreign investors, local entrepreneurs, and government consider the specific, costly-to-market assets that the participants and the country bring to the project, In equilibrium, the foreign equity share rises with the importance of foreign investor assets and declines with the contribution of local assets towards the amount of surpl...
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作者：Campbell, JY
作者单位：Harvard University
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作者：Bollerslev, T; Wright, JH
作者单位：Duke University; National Bureau of Economic Research; Federal Reserve System - USA
摘要：Although it is clear that the volatility of asset returns is serially correlated, there is no general agreement as to the most appropriate parametric model for characterizing this temporal dependence, In this paper. we propose a simple way of modeling financial market volatility using high-frequency data. The method avoids using a tight parametric model by instead simply fitting a long autoregression to log-squared, squared, or absolute high-frequency returns. This can either be estimated by t...
