Search Results - subject:"Theory"

An evaluation model of cruise ports using fuzzy analytic hierarchy process

Tseng, Po-Hsing; Yip, Tsz Leung - In: Maritime business review 6 (2021) 1, pp. 22-48

Persistent link: https://www.econbiz.de/10012518637

What drives innovation? : lessons from COVID-19 R&D

Agarwal, Ruchir; Gaulé, Patrick - 2021

To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and presents four results. We find: (1) global pharmaceutical R and D activity-measured by clinical trials-typically follows the 'law of diminishing effort': id est the elasticity...

Persistent link: https://www.econbiz.de/10012518690

Robust optimal macroprudential policy

Montamat, Giselle; Roch, Francisco - 2021

We consider how fear of model misspecification on the part of the planner and/or the households affects welfare gains from optimal macroprudential taxes in an economy with occasionally binding collateral constraints as in Bianchi (2011). On the one hand, there exist welfare gains from...

Persistent link: https://www.econbiz.de/10012518751

Perception of new technologies : constructing an innovation openness index

Pishnyak, Alina; Khalina, Natalia V. - In: Foresight and STI governance : journal of the National … 15 (2021) 1, pp. 39-54

Rapid technological progress is one of the basic processes in the modern world. It is an integral part both in the field of labor and employment and in leisure and recreation. The request for an accelerated implementation of digital technologies in the economy and social sphere, which is...

Persistent link: https://www.econbiz.de/10012518822

Supply and demand effects of unemployment insurance benefit extensions : evidence from U.S. counties

Hellwig, Klaus-Peter - 2021

I use three decades of county-level data to estimate the effects of federal unemployment benefit extensions on economic activity. To overcome the reverse causality coming from the fact that benefit extensions are a function of state unemployment rates, I only use the within-state variation in...

Persistent link: https://www.econbiz.de/10012518891

Uncertainty premia, sovereign default risk, and state-contingent debt

Roch, Francisco; Roldán, Francisco - 2021

We analyze how concerns for model misspecification on the part of international lenders affect the desirability of issuing state-contingent debt instruments in a standard sovereign default model a la Eaton and Gersovitz (1981). We show that for the commonly used threshold state-contingent bond...

Persistent link: https://www.econbiz.de/10012518920

An adaptation-mitigation game: does adaptation promote participation in international environmental agreements?

Borrero, Miguel; Rubio, Santiago J. - 2021

This paper studies how the investment in adaptation can influence the participation in an international environmental agreement (IEA) when countries decide in adaptation before they choose their levels of emissions. Two types of agreements are studied, a complete agreement for which countries...

Persistent link: https://www.econbiz.de/10012519985

A perfectly competitive economy is an economy without welfare relevant endogenous learning

Nyborg, Karine - 2021

I demonstrate a straightforward but apparently widely unrecognized implication of the standard requirements for perfect competition: an economy in which consumers can choose to learn is generally not perfectly competitive. In particular, if endogenous welfare relevant learning is feasible, the...

Persistent link: https://www.econbiz.de/10012520083

Attention and salience in preference reversals

Alós-Ferrer, Carlos; Ritschel, Alexander - 2021

We investigate the implications of Salience Theory for the classical preference reversal phenomenon, where monetary … that lottery influence the evaluation of the target lottery as predicted by Salience Theory. The effect, however, is of a … Salience Theory, but we find no evidence that larger salience results in more transitions. …

Persistent link: https://www.econbiz.de/10012520210

Are the effects of informational interventions driven by salience?

Bettinger, Eric; Cunha, Nina Menezes; Lichand, Guilherme; … - 2021 - Revised version

Informational interventions have been shown to significantly change behavior across a variety of settings. Is that because they lead subjects to merely update beliefs in the right direction? Or, alternatively, is it to a large extent because they increase the salience of the decision they...

Persistent link: https://www.econbiz.de/10012520211