In France, the development of the Internet has been influenced by the evolution of the inherited information technology. France had many of the elements needed for the Internet to flourish: excellent engineering schools, participation of scientists and academic researchers in data networks,...

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We develop a non-rational expectation econometric model of sequential schooling decisions. Using unique Italian panel data in which individual differences in attitudes toward risk are measurable (with error), we investigate the effect of risk aversion on the probability of entering higher...

This paper considers the estimation of sequential schooling decisions made by agents who are endowed with subjective beliefs about their own ability. I use unique Italian panel data which provide information on i) the curvature of the per-period utility function, ii) schooling decisions, iii)...