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Age at School Entry and Intergenerational Educational Mobility

Bauer, Philipp C.; Riphahn, Regina T. - CESifo - 2009

We use Swiss data to test whether intergenerational educational mobility is affected by the age at which children first enter (primary) school. Early age at school entry significantly affects mobility and reduces the relative advantage of children of better educated parents.

Persistent link: https://www.econbiz.de/10005094337

The Impact of Entry Regulation on Total Welfare: A Policy Experiment

Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - CESifo - 2013

This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...

Persistent link: https://www.econbiz.de/10010670793

Two-Sided Markets with Pecuniary and Participation Externalities

Schmidtke, Richard - CESifo - 2006

The existing literature on "two-sided markets" addresses participation externalities, but so far it has neglected pecuniary externalities between competing platforms. In this paper we build a model that incorporates both externalities. In our setup differentiated platforms compete in advertising...

Persistent link: https://www.econbiz.de/10005196311

Private Provision of a Complementary Public Good

Schmidtke, Richard - CESifo - 2006

For several years, an increasing number of firms have been investing in Open Source Software (OSS). While improvements in such a non-excludable public good cannot be appropriated, companies can benefit indirectly in a complementary proprietary segment. We study this incentive for investment in...

Persistent link: https://www.econbiz.de/10005406315

Entrepreneurial Innovations and Taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - CESifo - 2011

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...

Persistent link: https://www.econbiz.de/10009024844

When is Ambiguity-Attitude Constant?

Eichberger, Jürgen; Grant, Simon; Kelsey, David - CESifo - 2012

This paper studies how updating affects ambiguity-attitude. In particular we focus on the generalized Bayesian update of the Jaffray-Phillipe sub-class of Choquet Expected Utility preferences. We find conditions for ambiguity-attitude to be the same before and after updating. A necessary and...

Persistent link: https://www.econbiz.de/10010539152

First Impressions Matter: Signalling as a Source of Policy Dynamics

Hansen, Stephen; McMahon, Michael - CESifo - 2012

with experience. We then reject increasing confidence in private information or learning about the structure of the …

Persistent link: https://www.econbiz.de/10010540726

Optimal Monetary Policy when Agents are Learning

Molnár, Krisztina; Santoro, Sergio - CESifo - 2010

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

Persistent link: https://www.econbiz.de/10008596587

Rationality, Irrationality and Economic Cognition

Whalley, John - CESifo - 2005

. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …

Persistent link: https://www.econbiz.de/10005094429

On the Evolution of Market Institutions: The Platform Design Paradox

Alós-Ferrer, Carlos; Kirchsteiger, Georg; Walzl, Markus - CESifo - 2007

We study competition among market designers who create new trading platforms, when boundedly rational traders learn to select among them. We ask whether efficient platforms, leading to market - clearing trading outcomes, will dominate the market in the long run. If several market designers are...

Persistent link: https://www.econbiz.de/10005406426