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Governments usually try to use fiscal instruments to support the families with children. However, fiscal instruments also affect the work effort and labour demand. Problems associated with (de)stimula...
We consider the following problem. There is a structural equation of interest that contains an explanatory variable that theory predicts is endogenous. There are one or more instrumental variables tha...
This paper explores how the costs of meeting given aggregate targets for pollution emissions change with the imposition of the requirement that key pollution-related industries be compensated for pote...
华中科技大学投资学课件Chapter2 Financial Markets and Instruments
h e study focuses on the environmental problem of diff use pollution from agriculture (DPA) as a result of the land use and the policy intervention that can be used to mitigate the problem. At...
We analyze optimal pension systems relying on simple policy instruments. The optimality in this context means the highest welfare that can be achieved with a restricted set of tax instruments. While t...
We develop results for the use of Lasso and post-Lasso methods to form first-stage predictions and estimate optimal instruments in linear instrumental variables (IV) models with many instruments, p. O...
The paper aims at analyzing the production of creditworthiness within the context of commercial banking in international banks. Taking the interim financing in the Polish automobile sector as an examp...
The Financial Accounting Standards Board (FASB) (2010) proposes that all financial instruments be measured at fair value in the financial statements. This commentary provides one Board member's reason...
We show that when instruments are nearly exogenous, the two stage least squares t-statistic unpredictably over-rejects or under-rejects the null hypothesis that the endogenous regressor is insignifica...
There is currently much debate about the effectiveness of foreign aid and about what kind of projects can engender economic development. There is skepticism about the ability of econometric analysis t...
We contrast Arbitrage Pricing Theory (APT), the theoretical basis for the development of nancial instruments, with a dynamical picture of an interacting market, in a simple setting. The proliferation...
Environmental regulation has been widely applied in Asia, with many governments introducing command and control (CAC) policies to control the levels of industry emissions. This paper first examines...
Fisheries are an important economic sector in the EU subject to an important restructuring in the most recent years. The Financial Instrument for Fisheries Guidance (FIFG) has been the tool deployed b...

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