This paper proposes an approach to estimate the impact of adverse climatic events on profitability small European banks (LSIs). By considering river flooding phenomena, we construct a unique database matching information location, frequency and severity floods with location balance sheet data institutions mainly operating in areas where they are headquartered (territorial LSIs). We compare perf...

This paper investigates the impact of the introduction of new restrictive permanent contracts on the perceived job security of workers in Spain. The perceived job security is strongly influenced by the characteristics of individuals and their distribution within groups. Comparing heterogeneous groups could make the traditional DID estimator biased. To address this issue I combined the propensit...

This paper investigates the short-term costs and benefits of apprenticeship training in Germany. It calls into question the popular stylised fact that apprenticeship training always leads to net costs during the apprenticeship period. We analyse the impact of the proportion of different occupational groups of apprentices on firm performance. We use representative matched employer–employee panel...

This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random coe¢ cients models and suggests a common framework for dealing with them. It considers the fundamental issues of statistical inference of a random coe¢ cients formulation using both the sampling and Bayesian approaches. The paper also provides a review of heterogeneous dynamic p...

We estimate hurdle rates for firms’ investments in pollution abatement technology, using ex post data. The method is based on a structural option value model where the future price of polluting fuel is the major source of uncertainty facing the firm. The empirical procedure is illustrated using a panel of firms from the Swedish pulp and paper industry, and the energy and heating sector, and the...

This paper studies the estimation of quantile regression panel duration models. We allow for the possibility of endogenous covariates and correlated individual effects in the quantile regression models. We propose a quantile regression approach for panel duration models under conditionally independent censoring. The procedure involves minimizing l1 convex objective functions and is motivated by...

* Correspondence: [email protected]. vn Department of Scientific Fundamentals, Posts and Telecommunications Institute of Technology, Hanoi, Vietnam Full list of author information is available at the end of the article Abstract In this article, we present a new iteration method for finding a common element of the set of fixed points of p strict pseudocontractions and the set of solutions of equili...

This paper proposes a novel approach to measure and analyze the effect of temperature on electricity demand. This temperature effect is specified as a function of the density of temperatures observed at a high frequency with a functional coefficient, which we call the temperature response function. This approach contrasts with the usual approach to model the temperature effect as a function of ...

Using data from a repeated public good game, I conduct a Granger causality test and find that contributions and beliefs about the contributions of others decline together, with neither variable leading the other. As a result, I model contributions and beliefs using a system of simultaneous equations. Estimating the system provides evidence on the magnitude of the projection bias. Since contribu...

This paper tests a model of cigarette consumption which mixes two types of intertemporal dependencies: habit-formation and learning about the health consequences of smoking. This latter is argued to result partly from the observation of health developments, both one's own and those of other smokers in the same household. Using seven waves of British Household Panel Survey data, we present resul...