This study discusses two widely used approaches in the New Empirical Industrial
Organization (NEIO) literature and examines the strengths and weaknesses of the Production‐…

… “[T]he weight of evidence clearly suggests that increased index fund activity in 2006–08 did
not cause a bubble in commodity futures prices.” 3. Just a few days later, on June 30, 2010, …

… Wie der Abbildung zu entnehmen ist, erzielt die traditionelle Anlage T im Durchschnitt
eine höhere Rendite als der Indexfonds I. Allerdings ist mit dieser höheren Rendite auch ein …

… The change of the occupation state of an individual k at time t* thus occurs when the …
The farmer will quit agriculture at time t*, if the net utility of farming is negative, and he/she …

… In figure 1 this equation does not hold at time t and timet + 1 because the assumption of profit
maximization in this example is violated. Thus, this output mix is allocatively inefficient. We …

… The price of the corn futures contract has also risen 25% from €280/t (24 February 2022)
to €351.5/t (7 March 2022) and has since been trading at a slightly lower level at around €320/t …

… It gives the reciprocal of the maximum proportional expansion of the output vector y t , given
inputs x t , and characterizes the technology completely. D o t (x t ,y t ) will take a value which …

… s t is the (unobserved) state variable, which in our case takes the values s t … The probability
of being in state s in period t might depend on the full history for all variables. However, the …

… Define T as the variable measuring duration of spells in poverty and the matrix of covariates
… of exit is unknown, we are forced to analyze the probability of exit within the jth year: Pr(t j −1 …

This paper investigates the relationship between farm exits and various farm, family, and
regional characteristics during the period of 1991 to 1999. Using county-level data for 326 …