Following the notion of skill-biased FDI fl ows from developed to less developed regions, high-skilled workers are likely to benefi t from FDI to a larger extent. They earn a productivity advantage that potentially transfers into a skilled wage premium. This gives rise to distributional confl ict that might turn into heterogeneous attitudes toward FDI infl ows in line with skill. In this paper ...

In many applications of OLAP or data warehouse, users need to query data of interest, such as a set of data that satisfies specific properties. A normal answer to such query just enumerates all the interesting cells. This is the most accurate but not the most informative method. Summarizations need to be done in order to return more concise descriptions of these interesting cells to the users. ...

We develop a theory for a transition economy under which an unbalanced development strategy that favors special economic zones emerges as a response to two critical problems: (1) political pressure to satisfy certain social expenditure requirements, and (2) the lack of institutions to constrain the state from expropriation. By promoting the concentration of resources in some areas, a low equili...

Quantum foundations are still unsettled, with mixed effects on science and society. By now it should be possible to obtain consensus on at least one issue: Are the fundamental constituents fields or particles? As this paper shows, experiment and theory imply that unbounded fields, not bounded particles, are fundamental. This is especially clear for relativistic systems, implying that it's also ...

This paper explores the relationship between founding family ownership and stock market returns. Using the entire population of non-financial firms listed on the Swiss stock market for 2003–2013, we find that the stock returns of family firms are significantly higher than those of non-family firms after adjusting the returns for different risk factors and firm characteristics. Family firms gene...