Analyzing Cost Differences in Life Insurance

Several indexes for comparing the cost of life insurance policies are currently available. A variety of criticisms of these indexes has been offered. This paper identifies an additional problem: consumers may lack confidence in index values because they do not reconcile with data about company performance (e.g., lapse ratios, returns on invested assets). Analysis results suggest that policy costs are as much a function of actuarial manipulation for marketing advantage as of commonly cited textbook factors (mortality, interest, expenses) and competitive factors (lapse ratio, average policy size).     

Recreation Vehicles: The Economics of Ownership

A breakeven point analysis of selected modes of recreational travel in which the costs of ownership and travel use of representative self-contained recreation vehicles are compared with the costs of lodging and travel by private automobile.     

Luft zum Atmen

Mehr Sicherheit im Umgang mit Trachealkanülen - Pflegende, die Patienten mit einer Trachealkanüle betreuen, müssen den Kanülenwechsel sicher beherrschen. Denn bei Komplikationen kann das Warten auf den Arzt katastrophale Folgen haben. Daher muss der Umgang mit den Kanülen zur Routine werden.     

Russian enterprises in mid-2010: Slow improvements in the context of a high degree of economic uncertainty

The results of a recent regular survey of opinions among enterprises of the real economy sector, which was conducted by the Laboratory for the Analysis and Forecasting of Microeconomic Processes of the Institute of Economic Forecasting of the RAS (IEF), are analyzed in this paper.     

Russian industries at the beginning of 2011: Current issues and investment climate

The results of a regular survey of companies in the real economic sector conducted by the laboratory of analysis and forecasting of microeconomical processes of the Institute of Economic Forecasting, Russian Academy of Sciences, are analyzed and commented.     

Not all trade restrictions are created equally

There has been great focus in the recent trade theory literature on the introduction of firm heterogeneity into trade models. This introduction has highlighted the importance of the entry/exit decision of firms in response to changes in trade barriers. However, it is typical in many of these models to use iceberg transport costs as a general form of trade barriers that can be interchangeable with ad valorem tariffs. I show that this is not always an appropriate conclusion. Specifically, I illustrate that profit for an exporter is more elastic in response to tariffs than iceberg transport costs, which affects the entry/exit decision of firms. This has implications for welfare analysis and empirical specifications.     

Should multivariate early warning systems for banking crises pool across regions?

Most extant work on prediction of banking crises has utilised global samples, which are in turn dominated by observations from middle-income countries, and rely on a single estimator. However, economic and financial structures as well as the pattern of shocks may differ substantially across regions, while a range of specifications is desirable to check robustness. Accordingly, in this paper we test the implicit pooling assumption in earlier multivariate work on Early Warning Systems using both logit and binary recursive tree specifications separately for crises in Asia and Latin America, as well as the pooled sample. Results suggest markedly different crisis determinants across regions, implying global samples are inappropriate.