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The Invisible Hand Plays Dice: Eventualities in Religious Markets

Poutvaara, Panu; Wagener, Andreas - EconWPA - 2004

Religious participation is much more widespread in the United States than in Europe, while Europeans tend to view sects more suspiciously than Americans. We propose an explanation for these patterns without assuming differences in preferences or market fundamentals. Religious markets may have...

Persistent link: https://www.econbiz.de/10005407789

Does the Choice of University Matter? A Study of the Differences across UK Universites in Life Sciences Students' Degree Performance

Bratti, Massimiliano - EconWPA - 2001

This paper investigates differences across UK universities in 1993 life sciences students' degree performance using individual-level data from the Universities' Statistical Record (USR). Differences across universities are analysed by specifying and estimating a subject- specific educational...

Persistent link: https://www.econbiz.de/10005413017

Returns to Education, Child Labor, & Schooling in India

Chamarbagwala, Rubiana - EconWPA - 2004

In an environment where children's time has an economic value and employment opportunities for educated workers are scarce, parental investments in their children's education may not be driven entirely by poverty and credit constraints. We offer evidence that children's participation in child...

Persistent link: https://www.econbiz.de/10005556051

What is Left to Residual Claimants? The Empirics of Income Reported by Entrepreneurs and Workers

Poutvaara, Panu; Tuomala, Juha - EconWPA - 2004

Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher average income with all but undergraduate level of...

Persistent link: https://www.econbiz.de/10005556770

Candidate Quality

Poutvaara, Panu; Takalo, Tuomas - EconWPA - 2004

We analyze the topical question of how the compensation of elected politicians affects the set of citizens choosing to run. To this end, we develop a sparse and tractable citizen-candidate model of representative democracy with ability differences, informative campaigning and political parties....

Persistent link: https://www.econbiz.de/10005560979

Knowledge and Structure

Fioretti, Guido - EconWPA - 2002

This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction … costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of …

Persistent link: https://www.econbiz.de/10005561473

A Model of Primary and Secondary Waves in Investment Cycles

Fioretti, Guido - EconWPA - 2002

. Uniting Schumpeter's concern for innovation with Keynes' concern for uncertainty and expectations formation, this article … focuses on the behaviour of entrepreneurs confronting uncertainty caused by innovation. Entrepreneurs' behaviour is … opened up by a successful innovation generates a state of optimism in the minds of single entrepreneurs, which eventually …

Persistent link: https://www.econbiz.de/10005077089

Evidence Theory: A Mathematical Framework for Unpredictable Hypotheses

Fioretti, Guido - EconWPA - 2002

Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...

Persistent link: https://www.econbiz.de/10005125582