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The Elasticity of Derived Demand, FactorSubstitution and Product Demand: Corrections to Hicks’ Formula and Marshall’s Four Rules

Chirinko, Robert S.; Mallick, Debdulal - CESifo - 2006

Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...

Persistent link: https://www.econbiz.de/10005766148

Behavioral Indifference Curves

Komlos, John - CESifo - 2014

According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...

Persistent link: https://www.econbiz.de/10010790168

The Gender Imbalance in Participation in Canadian Universities (1977-2005)

Christofides, Louis; Hoy, Michael; Yang, Ling - CESifo - 2009

More females than males have been attending Canadian universities over the past decade and this gender imbalance in university participation has been increasing. We use the Linear Probability and Logit models to investigate the determinants of attending university and explore the reasons for the...

Persistent link: https://www.econbiz.de/10008583640

How Prediction Markets can Save Event Studies

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - CESifo - 2011

This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...

Persistent link: https://www.econbiz.de/10009020786

Teaching and Learning Alternatives to a Comparative Advantage Motivation for Trade

Self, James K.; Becker, William E. - CESifo - 2015

comparative advantage. We test students who have been exposed to the typical textbook and classroom presentation of specialization … and trade with real but paradoxical situations where the same goods are both imported and exported by a country. Students …

Persistent link: https://www.econbiz.de/10011198484

Do Undergraduate Majors or Ph.D. Students Affect Faculty Size?

Becker, William E.; Greene, William H.; Siegfried, John J. - CESifo - 2010

Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty...

Persistent link: https://www.econbiz.de/10008572517

Which Factors Drive the Decision to Boycott and Opt Out of Research Rankings?

Berlemann, Michael; Haucap, Justus - CESifo - 2012

This note contains an empirical analysis of the decision of German-speaking business scholars to boycott and opt out of the best known research ranking of business scholars, initiated and published by Germany’s largest business daily, Handelsblatt. Our analysis indicates that scientists who...

Persistent link: https://www.econbiz.de/10010877835

Access to Technology and the Transfer Function of Community Colleges: Evidence from a Field Experiment

Fairlie, Robert W.; Grunberg, Samantha H. - CESifo - 2014

colleges for low-income community college students. This paper explores the role that access to information technology, in … first-ever field experiment randomly providing free computers to students, we examine the relationships between access to … experiment indicate that the treatment group of students receiving free computers has a 4.5 percentage point higher probability …

Persistent link: https://www.econbiz.de/10010888455

The Downside Risk of Elevation

Bruckmeier, Kerstin; Fischer, Georg-Benedikt; Wigger, … - CESifo - 2014

title as a so-called “elite university” had a negative effect on the number of first year students. In contrast, we find no … evidence for a positive effect on the number of first year students when a university is granted the title. …

Persistent link: https://www.econbiz.de/10010889982

The Sources of the Gender Gap in Economics Enrolment

Tonin, Mirco; Wahba, Jackline - CESifo - 2014

In many countries there is a considerable gender gap in enrolment for a bachelor’s degree in Economics, arguably an important stepping stone towards positions of influence in policy making and occupations paying relatively high wages. We investigate the sources of this gap by looking in detail...

Persistent link: https://www.econbiz.de/10010948840