We compare results of a tax reform analysis obtained with the collective and unitary models of household behaviour. We simulate real world microdata by means of a collective approach, using a compound procedure…
The present paper examines the wage effects of continuous training programs using individual-level data from the German Socio Economic Panel (GSOEP). In order to account for selectivity in training participation…
The decision to release a new transgenic crop variety for planting in the European Union is a decision under irreversibility and uncertainty. As the decision can also be postponed there exists some flexibility…
