This article examines the compensation of top managers of nonprofits in the United States using panel data from tax returns of the organizations from 1992 to 1996. Studying managers in nonprofits is particularly interesting given the difficulty in measuring performance. The article examines many areas commonly studied in the executive pay (within for-profit firms) literature. It explores pay di...

Many econometric analyses have attempted to model medal winnings as dependent on per capita GDP and population size. This approach ignores the size and composition of the team of athletes, especially the role of female participation and the role of sports culture, and also provides an inadequate explanation of the variability between the outcomes of countries with similar features. This paper p...

This paper revisits Verdoorn’s Law and issues related to its estimation using micro-data. Using a large panel of firms from the Brazilian manufacturing industry from 1996 to 2002, the exercise finds compelling evidence of increasing returns to scale in such a low level of aggregation using different specifications. The results were strengthened by indicator variables for sub-sectors and partici...

This paper considers methods for estimating the slope coe¢ cients in large panel data models that are robust to the presence of various forms of error cross section dependence. It introduces a general framework where error cross section dependence may arise because of unobserved common e¤ects and/or error spillover e¤ects due to spatial or other forms of local dependencies. Initially, this pape...

This paper establishes asymptotic properties of quasi-maximum likelihood estimators for …xed e¤ects SAR panel data models with SAR disturbances where the time periods T and/or the number of spatial units n can be …nite or large in all combinations except that both T and n are …nite. A direct approach is to estimate all the parameters including …xed e¤ects. We propose alternative estimation meth...

This paper investigates the nature of competition in the retail gasoline market using a two year panel data of weekly prices for gas stations in San Diego county. The primary dimension of product differentiation in the retail gasoline market is spatial in the sense that a gas station’s market power depends on the locations of all other gas stations. In contrast to previous empirical studies, I ...

We summarize results of a suite of calibration measurements conducted to assess the usability of a prototype Samsung OLED TV panel in visual psychophysics experiments. Specifically, we characterize the panel’s adherence to the principles of (a) linear channel summation, (b) spatial independence, (c) chromatic stability, and (d) temporal stability. We found that, although the panel has desired p...