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Rose, Andrew K; Supaat, Saktiandi - C.E.P.R. Discussion Papers - 2007

We use a quinquennial data set covering 87 countries between 1975 and 2005 to investigate the relationship between fertility and the real effective exchange rate. Theoretically a country experiencing a decline in its fertility rate can be expected to have higher savings, lower investment, a...

Persistent link: https://www.econbiz.de/10005792152

The Long Run Health and Economic Consequences of Famine on Survivors: Evidence from China's Great Famine

Meng, Xin; Qian, Nancy - C.E.P.R. Discussion Papers - 2006

In the past century, more people have perished from famine than from the two World Wars combined. Many more were exposed to famine and survived. Yet we know almost nothing about the long run impact of famine on these survivors. This paper addresses this question by estimating the effect of...

Persistent link: https://www.econbiz.de/10005661820

The Allocation of European Union Allowances. Lessons, Unifying Themes and General Principles

Buchner, Barbara; Carraro, Carlo; Ellerman, A Denny - C.E.P.R. Discussion Papers - 2006

This paper is the concluding chapter of Rights, Rents and Fairness: Allocation in the European Emissions Trading Scheme …

Persistent link: https://www.econbiz.de/10005667060

A Theory of Reciprocity

Falk, Armin; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind ones. The theory takes into account that people evaluate the kindness of an action not only by its consequences but also by the intention underlying this action. The theory...

Persistent link: https://www.econbiz.de/10005791797

The Ex Ante Auction Model for the Control of Market Power in Standard Setting Organizations

Geradin, Damien; Layne-Farrar, Anna; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 2007

RAND commitments - i.e., promises to license on reasonable and non-discriminatory terms - play a key role in standard setting processes. However, the usefulness of those commitments has recently been questioned. The problem allegedly lies in the absence of a generally agreed test to determine...

Persistent link: https://www.econbiz.de/10005791937

What's the monetary value of distributive justice?

Corneo, Giacomo; Fong, Christina - C.E.P.R. Discussion Papers - 2005

distributive justice. We derive a formula that allows one to recover the willingness to pay for distributive justice from the … find that the monetary value of justice in the United States is about one fifth of GDP. We also generalize the model to … estimate the value of justice for different types of people (e.g., Republicans, Democrats, urban dwellers, rural dwellers). We …

Persistent link: https://www.econbiz.de/10005792214

It's All About Connections: Evidence on Network Formation

Falk, Armin; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2003

We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...

Persistent link: https://www.econbiz.de/10005792485

Fairness, Incentives and Contractual Incompleteness

Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …

Persistent link: https://www.econbiz.de/10005792499

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …

Persistent link: https://www.econbiz.de/10005123667

The Behavioural Effects of Minimum Wages

Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005

The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...

Persistent link: https://www.econbiz.de/10005124189