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Beliefs and Actions in the Trust Game: Creating Instrumental Variables to Estimate the Causal Effect

Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs … explicitly, but little is known about the causal relation between beliefs and other behavioral variables. This paper discusses … allows detecting causal links from beliefs to actions under plausible assumptions. The IV estimates indicate a significant …

Persistent link: https://www.econbiz.de/10008623434

Conflict Experiences and Household Expectations on Recovery: Survey Evidence from Northern Uganda

Bozzoli, Carlos; Brück, Tilman; Muhumuza, Tony - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and household level data from the Northern Uganda Livelihood...

Persistent link: https://www.econbiz.de/10008645020

Perceptions, Expectations, and Entrepreneurship: The Role of Extreme Events

Brück, Tilman; Llussá, Fernanda; Tavares, José - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We provide, for the first time, comparative evidence of the impact of various types of extreme events - natural disasters, terrorism, and violent conflicts - on the perceptions of entrepreneurs concerning some key entrepreneurial issues - such as fear of failure in starting a business venture,...

Persistent link: https://www.econbiz.de/10008776816

The Role of Hedging in Carbon Markets

Schopp, Anne; Neuhoff, Karsten - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

In the European Emissions Trading System, power generators hold CO2 allowances to hedge for future power sales. First, we model their aggregate hedging demand in response to changes in expectations of future fuel, carbon and power prices from forward prices. This partial equilibrium analysis is...

Persistent link: https://www.econbiz.de/10010896206

Measuring Income Risk

Burgess, Simon; Gardiner, Karen; Jenkins, Stephen P.; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2000

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....

Persistent link: https://www.econbiz.de/10004963611

The Dynamics of European Inflation Expectations

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

We investigate the relevance of the Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). Using survey data on household and expert inflation expectations we argue that the model adequately captures the...

Persistent link: https://www.econbiz.de/10004963913

Technology Adoption in Critical Mass Games: Theory and Experimental Evidence

Keser, Claudia; Suleymanova, Irina; Wey, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

We analyze the choices between two technologies A and B that both exhibit network effects. We introduce a critical mass game in which coordination on either one of the standards constitutes a Nash equilibrium outcome while coordination on standard B is assumed to be payoff-dominant. We present a...

Persistent link: https://www.econbiz.de/10008502704

A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys

Fehr, Ernst; Fischbacher, Urs; Rosenbladt, Bernhard von; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...

Persistent link: https://www.econbiz.de/10005068699

Sticky Information Phillips Curves: European Evidence

Döpke, Jörg; Dovern, Jonas; Fritsche, Ulrich; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...

Persistent link: https://www.econbiz.de/10005068908

Pass/Fail, A-F, or 0-100? - Optimal Grading of Eager Students

Wagner, Lilo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

This paper analyzes optimal grading in a world that focuses on top grades. Students choose an effort level, their performance is graded, and their grade correlates with their future income. Ex-ante, the policy maker chooses the optimal coarseness of the grading scale to maximize student welfare....

Persistent link: https://www.econbiz.de/10011145489