This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized capital gains lead to a marginal propensity to consume (MPC) of 13 percent for the bottom 50% of the wealth distribution, but a flat 5 percent for the rest of th

This paper examines the effect of competition on a firm's choice of opening hours in the motor vehicle inspection market. Competition affects the incentive inspection firms face when choosing opening hours, which influences the probability that consumers find service time that best matches their preferred time. We use 2SLS analyses to resolve the potential endogeneity of market entry decisions. Us

We examine the impact of competition on a firm's incentive to relax the standards of its inspection to its customers in the Swedish motor vehicle inspection market, which is heavily regulated and consciously designed to mitigate incentives to deviate from the regulation. We use a panel dataset representing 22.5 million car roadworthiness tests during the period 2010--2015. Fixed effects and instru

This paper provides sufficient conditions under which convex monotonic evolutionary dynamics (a class of imitative dynamics that includes the replicator dynamic) select against strategies that do not survive iterated elimination of weakly dominated strategies. We apply these conditions to Bertrand duopolies, first-price auctions, finitely repeated Prisoner's Dilemmas, and the p-Beauty Contests. Ou

This study examines the effects of super-fast internet connections on the academic achievement of students in upper secondary school. We link detailed register data on around 250,000 students to local levels of access to optic fiber broadband, in order to estimate a causal effect of broadband on student GPA. We show that reaching full coverage in the student’s parish of residence causes a GPA redu

Despite many bird species migrating regularly within the African continent, in response to rainfall and breeding opportunities, documented evidence of the spatiotemporal patterns of such movements is scarce. We use satellite telemetry to document the year round movement of an intra-African migrant breeding in the savannah zone of sub-Saharan Africa, the African cuckoo. After breeding in central Ni

This paper studies the problem of reconstructing continuous-time signals from discrete-time uniformly sampled data. This signal reconstruction problem has been studied by the authors in various contexts, and led to a new signal processing paradigm. The crux there is to employ a physically realizable signal generator model, and design an (sub)optimal filter via H-infinity (C+) optimal sampled-data

PURPOSE: Even though retinal vascular changes following ischaemia have been poorly understood, the upregulation of vasoconstrictive endothelin-1 (ET-1) receptors (ETA/ETB) following global cerebral ischaemia has been described. The aim of this study was to investigate whether or not the MEK/ERK1/2 pathway is involved in the observed upregulation and whether specific MEK/ERK1/2 inhibitors U0126 and

The issue of governance has become a fashionable topic of research in the study of post-Soviet societies. The key argument of this article is that there are multiple paradigms and understandings of ‘good governance’, some of which concur with the global (Western) understanding, while others offer alternative criteria. In this article, we explore the specifics of governance system in Uzbekistan and

Lucky Jim, 1954, by Kingsley Amis, is considered by everyone an extremely funny academic novel; a novel of the genre. A third millennium close reading may uncover, however, side-meanings at the time of publication which, in the meantime, have become central meanings. The humoristic ingredient of the novel has dwindled dramatically, whereas the underestimated conflict between modernist rituals and

En kort biografisk artikel om lundastudenten Axel Emil Nehrman som blev sinnessjuk och utförde ett mord i Gränna, samt hans tid på Uppsala hospital.