This paper empirically investigates the effects of liberalized trade on plant productivity in the case of Chile. Chile presents an interesting setting to study this relationship since it underwent a massive trade liberalization that significantly exposed its plants to competition from abroad during

A consistent trade methodology can be created to characterize operations model alternatives for crewed exploration missions. For example, a trade-space with the objective of maximizing Crew Exploration Vehicle independence would have as an 'input ' the category of analysis

Experimental economists are leaving the reservation. They are recruiting subjects in the field rather than in the classroom, using field goods rather than induced valuations, and using field context rather than abstract terminology in instructions. We argue that there is something methodologically

We examine 54 large block transactions, and find that private benefits, as a proportion of firm's market value, decrease with firm's size, leverage and profitability, and increase when an individual or family control the firm. There is also some evidence that private benefits are larger when the wedge between the control group's proportion in vote and proportion in equity increases. Interestingly, average private benefits are almost identical when we switch from estimation based on buyer rationality to estimation based on seller-rationality. Last, our findings suggest that when the control group comprises a few partners, private benefits are divided according to each partner proportion in the control group (rather than according to each partner power within the control group).

Single-event upsets from particle strikes have become a key challenge in microprocessor design. Techniques to deal with these transient faults exist, but come at a cost. Designers clearly require accurate estimates of processor error rates to make appropriate cost/reliability trade-offs. This paper

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Abstract This paper investigates the effects on competition and productivity of the dramatic 1991 trade liberalization in India. Using firm-level data from a variety of industries, we find Ž strong evidence of an increase in competition as reflected in the reductions in price-margi-. nal cost

Historically, at least 3 methodological problems have dogged experimental social psychology: the experimental control–mundane realism trade-off, lack of replication, and unrepresentative sampling. We argue that immersive virtual environment technology (IVET) can help ameliorate, if not solve

. In this paper we utilize White's Reality Check bootstrap methodology (White (1997)) to evaluate simple technical trading rules while quantifying the data-snooping bias and fully adjusting for its effect in the context of the full universe from which the trading rules were drawn. Hence, for the first