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Nonlinear theory and tests of earthquake recurrence times
(2007)arXivWe develop an efficient numerical scheme to solve accurately the set of nonlinear integral equations derived previously in (Saichev and Sornette, 2007), which describes the distribution of inter-event times in the framework of a general model of earthquake clustering with long memory. Detailed comparisons between the linear and nonlinear versions of the theory and direct synthetic catalogs show that the nonlinear theory provides an excellent ...Working Paper -
How is real convergence driving nominal convergence in the new EU Member States?
(2007)Working Paper SeriesWorking Paper -
Paleodepth variations on the Eratosthenes Seamount (Eastern Mediterranean): Sea-level changes or subsidence?
(2007)eEarth DiscussionThe Eratosthenes Seamount (Eastern Mediterranean) is interpreted as a crustal block in process of break up in response to subduction and incipient collision of the African and Eurasian Plates. Subsidence is considered to be the mechanism triggering the Messinian to Pleistocene water deepening above this unique structure. However, the application of a recently developed transfer equation of depth range distribution of benthic foraminifera ...Working Paper -
Determinants of outpatient antibiotic consumption in Europe: bacterial resistance and drug prescribers
(2007)QuadernoWorking Paper -
Does High Inflation Cause Central Bankers to Lose Their Job? Evidence Based on a New Data Set
(2007)CESifo Working PapersThis paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation. The latter result suggests that the turnover rate of central bank governors (TOR) ...Working Paper -
Anti-competitive conduct, in-house R&D, and growth
(2007)CESifo Working PapersIncumbent firms have two basic possibilities to improve their competitive position in the product market: investment in R&D and the creation of entry barriers to the disadvantage of potential rivals, e.g. through lobbying activities, campaign contributions, bribes or the adoption of incompatible technologies. This paper proposes a simple oligopoly model which raises the possibility that such anti-competitive conduct ...Working Paper -
Short-Circuiting Reform
(2007)Visiting Research Fellow PapersBoth Georgia and Kyrgyzstan have recently experienced a change in regime (2003 and 2005 respectively), due in part to the public's dissatisfaction with mismanagement of the energy sector. Electricity outages, particularly in Georgia, became visible proof that the government’s ability to provide goods and services was literally ‘short circuited’. This paper argues that the mismanagement of the electricity sector in both states was a ...Working Paper -
Characteristics of demand for antibiotics in primary care: an almost ideal demand system approach
(2007)QuaderniWorking Paper -
Hedonic Price Functions for Zurich and Lugano with Special Focus on Electrosmog
(2007)CEPE Working PaperThis paper evaluates the impacts of electrosmog, noise and air pollution on the dwellings’ rents in the cities of Zurich and Lugano. The hedonic price regressions are estimated using a large micro-level data set and taking into account the spatial correlation in unobserved factors. The results suggest that the presence of mobile phone antenna has a negative impact on the rent, but this effect is not statistically significant in Lugano. ...Working Paper -
Benchmarking and Regulation in the Electricity Distribution Sector
(2007)CEPE Working PaperIn the last two decades electricity distribution sector have witnessed a wave of regulatory reforms aimed at improving efficiency through incentive regulation. Most of these regulation schemes use benchmarking namely measuring a company’s efficiency and rewarding them accordingly. The reliability of efficiency estimates is crucial for an effective implementation of those incentive mechanisms. A main problem faced by the regulators is the ...Working Paper