Happiness Quantified. A Satisfaction Calculus Approach, revised edition. By BERNARD M. VAN PRAAG and ADA FERRER‐I‐CARBONELL
In: Economica, Band 77, Heft 305, S. 200-201
ISSN: 1468-0335
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In: Economica, Band 77, Heft 305, S. 200-201
ISSN: 1468-0335
In: The economic journal: the journal of the Royal Economic Society, Band 119, Heft 536, S. 482-515
ISSN: 1468-0297
SSRN
In: CESifo Working Paper Series No. 5663
SSRN
Working paper
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six administrations, we find positive abnormal returns for political appointments. These estimates are not driven by important observations, volatile stocks or industry-wide developments. Placebo events yield no effects. Effects are larger for top government positions and less anticipated announcements. We also find positive abnormal returns for corporate appointments. Our results suggest that conflicts of interest matter also in a country with strong institutions.
BASE
We analyze stock market reactions to announcements of political appointments from the private sector and corporate appointments of former government officials. Using unique data on corporate affiliations and announcements of all Senate-confirmed U.S. Defense Department appointees of six administrations, we find positive abnormal returns for political appointments. These estimates are not driven by important observations, volatile stocks or industry-wide developments. Placebo events yield no effects. Effects are larger for top government positions and less anticipated announcements. We also find positive abnormal returns for corporate appointments. Our results suggest that conflicts of interest matter also in a country with strong institutions.
BASE
In: CESifo Working Paper Series No. 3921
SSRN
Working paper
In: KOF Working Papers No. 310
SSRN
Working paper
In: Public choice, Band 149, Heft 3-4, S. 235-261
ISSN: 1573-7101
We assess the robustness of previous findings on the determinants of terrorism. Using extreme bound analysis, the three most comprehensive terrorism datasets, and focusing on the three most commonly analyzed aspects of terrorist activity, i.e., location, victim, and perpetrator, we re-assess the effect of 65 proposed correlates. Evaluating around 13.4 million regressions, we find 18 variables to be robustly associated with the number of incidents occurring in a given country-year, 15 variables with attacks against citizens from a particular country in a given year, and six variables with attacks perpetrated by citizens of a particular country in a given year.
BASE
In: CESifo Working Paper Series No. 3550
SSRN
Working paper
In: Public choice, Band 149, Heft 3, S. 235-262
ISSN: 0048-5829
In: European journal of political economy, Band 20, Heft 2, S. 509-515
ISSN: 1873-5703
Consideration of anti-terrorism policy has focused almost exclusively on deterrence that seeks to fend off terrorism by raising the costs of undertaking terrorist acts. This paper suggests an alternative approach to anti-terrorism policy that is based on reducing the expected benefits of undertaking terrorist acts to prospective terrorists rather than raising the costs of doing so. Specifically, it is argued that strengthening decentralized decision-making in the polity & economy provides disincentives for terrorist attacks. 24 References. [Copyright 2004 Elsevier B.V.]
In: Defence & peace economics, Band 14, Heft 4, S. 237-249
ISSN: 1476-8267
In: Defence and peace economics, Band 14, Heft 4, S. 237-249
ISSN: 1024-2694
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