First Author:   Julie Beugnot CIRPEE - Université Laval julie.beugnot@ecn.ulaval.ca   Département d''''économique - Université Laval, Pavillon JA DeSève Québec, G1K 0A6, Canada       Second Author: Zeynep Gürgüç Imperial College London z.gurguc@imperial.ac.uk         Third Author: Frederik Roose Øvlisen University of Copenhagen frederik@oevlisen.dk         Fourth Author: Michael M. W. Roos Ruhr-University Bochum Michael.Roos@ruhr-uni-bochum.de