1. Department of Econometrics and OR, Tilburg University , Warandelaan 2, 5000 LE Tilburg, The Netherlands
2. ISEG - Universidade de Lisboa and CEMAPRE Rua do Quelhas 6, 1200-781 Lisboa , Portugal
3. Department of Economics and BRU–Business Research Unit, ISCTE-University Institute of Lisbon , Av. das Forças Armadas, 1649-026 Lisboa, Portugal