This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of an ideal test as suggested by Hall (2008). Firms were offered a hypothetical payment and…
This study experimentally examines the voluntary formation of coalitions to provide a public good when the coalition members use different voting schemes to determine their commitment. To this end,…
In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements at high-frequency controlling for intraday periodicity, volatility clustering and…