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Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...
Persistent link: https://www.econbiz.de/10010737594
In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...
Persistent link: https://www.econbiz.de/10005018669
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … diversification). The second part of the paper focuses on a more sophisticated strategy of diversification and asks whether financial … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique …
Persistent link: https://www.econbiz.de/10004963651
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10010661268
This paper explores the relationship between self-declared risk aversion of private investors and their willingness to hold diversified portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of...
Persistent link: https://www.econbiz.de/10011128091
of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose …
Persistent link: https://www.econbiz.de/10004963751
We suggest to use Internet car sale price advertisements for measuring economic inequality between and within German …
Persistent link: https://www.econbiz.de/10008554249
This paper analyzes the early research performance of PhD graduates in labor economics, addressing the following questions: Are there major productivity differences between graduates from American and European institutions? If so, how relevant is the quality of the training received (i.e....
Persistent link: https://www.econbiz.de/10004963812
While previous research found no other variable than corruption to have a negative impact on (the growth rate of) the African countries' elephant populations, we show that one further significant impact is exerted by what one might call neighbourhood effects. Elephants travel long distances,...
Persistent link: https://www.econbiz.de/10005068982
We consider a multimarket framework where a set of firms compete on two interrelated oligopolistic markets. Prior to competing in these markets, firms can spy on others in order to increase the quality of their product. We characterize the equilibrium espionage networks and networks that...
Persistent link: https://www.econbiz.de/10004963718