• Evaluating the impact of competition and spillover effects in crowdfunding markets

  Guest, Natalie; Deighton, Liam (2023-06)

  This paper examines the competitive dynamics of crowdfunding platforms, evaluating hypothesis of competition and spillover effects. It first evaluates a ’Competition Hypothesis’ that considers that projects compete for ...
• From trade winds to tsunamis: examining the effects of China's WTO integration on Chilean SMEs

  Arellano Baeza, Daniela; Babu, Dayitha; Gené, Blanca; Seberini, Daniella; Weathersby, Elizabeth (2023-06)

  In the 1990s, Chile began to integrate more into the global economy. Likewise, China was becoming a major player in the world trade market. By 2007, China was Chile's main trading partner and Chinese goods accounted for ...
• EC's methodology in Ryanair/Aer Lingus applied to Jetblue/Spirit: a review of merger analysis in airline markets

  Pinent Sans, Immaculada; Freixa Martínez, Joan (2023-06)

  In 2007 the European Commision (EC) prohibited Ryanair’s acquisition of Aer Lingus after an extensive analysis that indicated that the merger would be detrimental to consumers. To support their arguments, the EC included ...
• Taking a rain-check: the effect of droughts on educational attainment in Brazil

  Maddaloni, Dario; McKnight, Lucille; Serra, Francesco; Wibisono, Iqbal (2022-06)

  Droughts are thought to lower the opportunity cost of investing in education. However, there is limited evidence on the impact of droughts on human capital investment in children’s education, especially in developing ...
• Estimating the conduct of Istanbul’s diesel oil market

  Toprak Erdagi, Dílan; Rajendran, Rathi; Tanos, Kimberly (2022-07)

  Turkey’s oil industry has been experiencing increasing retail diesel prices over the years. The Energy and Market Regulatory Authority has intervened into the market several times because of anti-competitive retail prices. ...
• The Chilean injectables cartel: detection of collusion in public procurement

  Méndez Fernández, Daniel; Saiz Contreras, Noelia (2022-07)

  This paper looks at the effectiveness of recently developed safe-tests for the detection of collusion in public procurement. We discuss the prevalence and consequences of collusion in public procurement, as well as the ...
• An unfair affair?: inequality spillovers of US monetary policy

  Batungbacal, Bernice; Contreras, María Paula; Martínez, Diego (2022-06-10)

  Amid an extremely financially interconnected economic environment across the globe, coupled with the increasing interest rates post-pandemic, concerns surrounding the indirect and unintended consequences of policy are ...
• The impact of the 2014-2016 Russian financial crisis on remittances, consumption, and credit: the case of Kyrgyzstan

  Breaks, Rachael; Durif, Clément; Sun, Peiyao; Voelz, Joule (2022-06-11)

  In this paper we consider the negative medium-term impact of the Russian Financial Crisis of 2014-2016 on remittances, consumption patterns, and credit in the Kyrgyz Republic. Using panel data, we show a significant drop ...
• A blessing or a curse: oil dependence and human capital in Nigeria

  Burkinshaw, Sarah; Indalecio González, Judith; Silberring, Jana; Simkins, Gregory (2022-06-11)

  Using all four waves of the Nigerian General Household Survey between 2011-2019, we implement a panel data model to investigate oil dependence and household human capital investment. We also supplement our analysis with a ...
• Fleeing the floods: the local health effects of internally displaced Malawians

  Prudencio, Laura; Suárez, María J.; English, Benjamin; Young, Nolan (2022-06)

  Natural disasters take lives, destroy homes, trigger epidemics, and affect individual health. Refugees fleeing to safety often are confined to camps and makeshift settlements until they can return home. As the climate ...
• Inflation in the time of climate change: a tail of unrequited love?: the effect of greenhouse gas emissions policies on the tails of the inflation distribution in Europe

  Torres, Angela; Vargas, Joelky; Weatherburn, William (2022-06-13)

  To reduce greenhouse gas emissions European countries have primarily relied on two polices: carbon taxes and the Emissions Trading Scheme. A growing body of research has studied the effect that these policies have had on ...
• Burning growth: rising temperatures in a growth-at-risk approach: a case study of Colombia

  Camilo, Camila; Rozada, Angie; Sanz, Carlos (2022-06-13)

  The rise in global temperatures have been a growing source of concern for policy makers given its potential impact for sustainable economic activity. This paper explores the effects of a temperature shock on the distribution ...
• Implications of market rating-based segmentation on intra-platform competition: an application to Airbnb's market in Barcelona

  Arenas, Paul; Paredes, Saúl (2021-07-14)

  In recent years, large platforms have raised concerns that they may engage in anticompetitive practices that affect the market competition. Therefore, analyze the competition structure inside platforms is a relevant issue ...
• Chilean fresh milk market: ex-post evaluation of competition authority's decisions

  Greene Morales, Elisa (2021-07-14)

  This report present a conceptual and empirical analysis of the Chilean Antitrust Authority's decision in the upstream dairy market. In 2004, the Antitrust Court decided that the biggest milk processors should not discriminate ...
• Green agreement in the electricity market: an ex-post evaluation of the 2013 Dutch coal power plants closure agreement

  Noviello, Ilaria; Tey, Shaun (2021-06)

  We undertook an ex-post analysis of a 2013 Agreement in the Netherlands to close five aging coal power plants in 2016 and 2017. First, we evaluate the Authority for Consumers and Markets’ (ACM) assumption that the plant ...
• Personality traits and mental health outcomes: the effect of the Covid-19 pandemic on young adults in the UK

  Akker, Ruben van den; Hammad, Nour; Marin, Alexandre (2021-07-24)

  Mental health outcomes significantly deteriorated in the United Kingdom as a result of the Covid-19 pandemic, particularly for younger individuals. This paper uses data from the Millennium Cohort Study to investigate the ...
• How earthquakes impact child development: evidence from Indonesia

  Blanchard, Thomas Jonathan Yasue; Masdottir, Katrin Svava; Schuelke, Lukas; Tully, Marc Robert (2021-06-11)

  Natural disasters frequently happen in Indonesia. However, the May 27, 2006 Yogyakarta earthquake still stands out with a magnitude of 6.3 on the Richter Scale. The total financial cost caused by the earthquake was US$ 3.1 ...
• Tracks to growth: does railway investment promote industrial development?

  Ng, Bryan; Gourevich, Isabella; Münch, Markus; Lim, Timothy (2021-06-11)

  In 2016, the first shipment left Ethiopia’s capital for Djibouti port, which handles 90% of Ethiopia’s international trade. The revolutionary 753km single-track electrified railway reduced the journey from 84 hours to 15 ...
• A departure from the sustainability approach: a structural debt level for EU countries

  Buades, Mercedes; Ibáñez, Lucía; Martínez, Andrés (2021-06)

  The reform of the European fiscal framework is a live debate and a need recently recognized by the European Commission. Surges in public debt as a result of the COVID-19 crisis intensify the debate, while the structural ...
• The role of pensions: exploring the link between pension funds, monetary policy and economic performance: a case study of the Netherlands

  Matthíasardóttir, Diljá; Zarges, Lara (2021-06-07)

  Shocks to the European Central bank’s unconventional monetary policy trigger Dutch pension funds to search for yield: A structural VAR analysis shows that the pension funds reallocate their asset holdings from bonds towards ...

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