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Baum, Christopher F.; Caglayan, Mustafa; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

financial frictions arising from asymmetric information, proxied by firms' liquidity and degree of uncertainty. Measures of … intrinsic and extrinsic uncertainty are derived from firms' daily stock returns and S&P 500 index returns along with a CAPM …. Financial frictions captured by interactions between firms' cash flow and both intrinsic and CAPM-based measures of uncertainty …

Persistent link: https://www.econbiz.de/10004963877

Small-Scale Business Survival and Inheritance: Evidence from Germany

Schäfer, Dorothea; Talavera, Oleksandr - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

In this paper we investigate whether small-scale businesses face financial constraints that affect their survival. We develop a model of moral hazard in which financial constraints arise endogenously. The model predicts that higher private assets relax financial constraints and have a positive...

Persistent link: https://www.econbiz.de/10005068690

Institutionelle Determinanten der Erwerbsarbeit: Zur Notwendigkeit einer Gender-Perspektive in den Wirtschaftswissenschaften

Holst, Elke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2001

In this paper institutions are understood as rules of individual behavior. The focus is on the impacts of institutions on labor market decisions. Particular points are (1) the methods (or rules) that model individual decisions in neoclassical economics (rational choice approach), (2) implicit...

Persistent link: https://www.econbiz.de/10005068876

Determinants of Poverty during Transition: Household Survey Evidence from Ukraine

Brück, Tilman; Danzer, Alexander M.; Muravyev, Alexander; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

The paper analyzes the incidence, the severity and the determinants of household poverty in Ukraine during transition using two comparable surveys from 1996 and 2004. We measure poverty using income and consumption and contrast the effects of various poverty lines. Poverty in both periods...

Persistent link: https://www.econbiz.de/10005068975

Determinants of Poverty during Transition: Household Survey Evidence from Ukraine

Brück, Tilman; Danzer, Alexander M.; Muravyev, Alexander; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

The paper analyzes the incidence, the severity and the determinants of household poverty inUkraine during transition using two comparable surveys from 1996 and 2004. We measurepoverty using income and consumption and contrast the effects of various poverty lines.Poverty in both periods follows...

Persistent link: https://www.econbiz.de/10005071138

Social Custom, Free-Riders, and Trade Union Membership in Germany and Great Britain

Goerke, Laszlo; Pannenberg, Markus - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 1998

Persistent link: https://www.econbiz.de/10009216258

Risk Aversion and Trade Union Membership

Goerke, Laszlo; Pannenberg, Markus - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion can affect the decision to join a trade union. Furthermore, a shift in risk attitudes can alter collective bargaining outcomes. Using German panel data (GSOEP) and three novel...

Persistent link: https://www.econbiz.de/10004963729

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