The Hog Cycle of Law Professors: An Econometric Time Series Analysis of the Entry-Level Job Market in Legal Academia

The (German) market for law professors fulfils the conditions for a hog cycle: In the short run, supply cannot be extended or limited; future law professors must be hired soon after they first present themselves, or leave the market; demand is inelastic. Using a comprehensive German dataset, we show...

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Veröffentlicht in:	PloS one 2016-07, Vol.11 (7), p.e0159815-e0159815
Hauptverfasser:	Engel, Christoph, Hamann, Hanjo
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural economics Agriculture Analysis Biology and Life Sciences Cohort analysis Econometrics Economic models Elasticity of demand Engineering and Technology Faculty Germany Hogs Humans Law school faculty Laws Management decisions Market entry Markets Mathematical models Medicine and Health Sciences Models, Econometric People and Places Physical Sciences Pork Portfolio management Prices Research and Analysis Methods Research methodology Social Sciences Statistical models Supply & demand Theory Time series
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