YEAR

2009

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Industrial Organization , Theory

(In)efficient Trading Forms in Competing Vertical Chains

We study competing vertical chains where upstream and downstream firms bargain over their form and terms of trading.

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Finance , Applied Research

Behavioural Equilibrium Exchange Rate and Total Misalignment: Evidence from the Euro Exchange Rate

This paper investigates whether the nominal euro exchange rate against the currencies of China, Japan, the UK and the USA converges or not to its equilibrium level.

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Production Economics , Theory

Productivity Growth and Efficiency under Leontief Technology: An Application to US Steam-Electric Power Generation Utilities

A theoretical framework is developed for decomposing partial factor productivity and measuring technical inefficiency when the underlying technology is characterized by factor non-substitution.

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Health Economics , Policy

Health Impairments, Work Limitations and Earnings

Distinguishing between healthy and heath-impaired employees who have or do not have work limitations, the unobserved productivity effect of health is separated from discrimination.

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Production Economics , Theory

Measurement of Consumption Efficiency in Price-Quantity Space: A Distance Function Approach

In standard consumer demand analysis, it is implicitly assumed that consumers behave optimally and, thus, efficiently. However, optimality is a restrictive assumption to make for consumers’ actual behaviour. This study moves away from this restrictive assumption and develops a theoretical model for the analysis of consumer’s inefficiency in price-quantity space.

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Production Economics , Theory

Yet Another Look at Pest Damage and Pesticide Productivity

Using the Lichtenberg-Zilberman-Fox-Weersink damage specification, we develop a short-run, supply-response framework based on rational producer behavior in the presence of damage agents.

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Labour Economics , Applied Research

Sexual Orientation, Demography and Labor Relations

We use data from the 2008-09 Athens Area Study (AAS) to provide the first evidence on the relationship between sexual orientation and earnings in Greece. The AAS asks male adults a direct question about their sexual orientation: about 4.52% self-identify as homosexuals and 0.86% as bisexuals.

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Industrial Organization , Theory

Endogenous Managerial Incentive Contracts in a Differentiated Duopoly, With and Without Commitment

In a differentiated Cournot duopoly, we examine the contracts that firms’ owners use to compensate their managers and the resulting output levels, profits and social welfare.

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Finance , Applied Research

Portfolio Management: An Investigation of the Implications of Measurement Errors in Stock Prices on the Creation, Management and Evaluation of Stock Portfolios, Using Stochastic Simulations

In this paper, we investigate the implications of measurement errors in the daily published stock prices on the creation and management of efficient portfolios.

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Finance , Applied Research

Nonlinear Diachronic Relationships between Financial Newspapers Circulations and the General Index of the Athens Stocks Exchange

This paper investigates the existence of any linear or non-linear diachronic relationship between the financial newspapers circulations and the General Index of the Athens Stocks Exchange (ASE).

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Econometrics , Applied Research

Evaluation of the Diachronic Performance of the OECD Macroeconomic Forecasts for Greece

A variety of standard forecasting accuracy criteria and one suggestion are applied to evaluate the OECD's macroeconomic forecasts for Greece for the aggregate demand and output, the GDP implicit price deflator, the investment, the imports and the exports of goods and services.

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