PAPER: MAJOR REVISION

Good news! Tons of work, but doable.

 

I enjoyed reading this paper, and find its topic interesting. I also appreci­ate the approach taken by the authors, which combines an empirical study, a modelling effort and corresponding analysis, and finally managerial recom­mendations which are of real practical interest. I do have a few comments on the interpretation of the results in the empirical section of the paper, some as­sumptions in the modelling framework, and the results of the numerical section. However, if these comments could be addressed, then I believe that this paper would make a nice, comprehensive, contribution to the literature.

2016-10-23 18.31.53

2016-10-22 12.04.24-1

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PAPER: MAJOR REVISION

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