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We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10012482193
This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...
Persistent link: https://www.econbiz.de/10012480595
central tenets of Islam. To establish causality, we exploit variation in the length of the fasting period due to the rotating … Islamic calendar. We report two key, quantitatively meaningful results: 1) longer Ramadan fasting has a negative effect on …
Persistent link: https://www.econbiz.de/10012458895
new puzzle: such an intellectual tradition did not exist in the Islamic world, even if the potential for abuse was … Islamic law (the Sharia) being far more encompassing than Western law, making it easier for citizens to identify abuses of … power and use collective action to discipline them. We study how the relative homogeneity and solidarity of Islamic society …
Persistent link: https://www.econbiz.de/10014226113
The explosion in the 21st century of terrorist activities by Islamic radicals in the United States, Europe and Asia …
Persistent link: https://www.econbiz.de/10012464918
Can rational choice modeling explain destructive behavior among the Taliban, Hama and other radical religious militias? This paper proposes a club good framework which emphasizes the function of voluntary religious organizations as efficient providers of local public goods in the absence of...
Persistent link: https://www.econbiz.de/10012468708
-standing) attributes in a culture set are. We illustrate these ideas using examples from African, England, China, the Islamic world, the …
Persistent link: https://www.econbiz.de/10012533381
This study explores the interaction between trade and geography in shaping the Islamic economic doctrine. We build a … scheme unsustainable. Islam developed a set of dynamic redistributive rules that were self-enforcing, in regions where arid … the accumulation of wealth by the commercial elite, shaping the economic trajectory of Islamic lands in the pre …
Persistent link: https://www.econbiz.de/10012457162
We study the role of morality in debt repayment, using an experiment with the credit card customers of a large Islamic …
Persistent link: https://www.econbiz.de/10012457058
microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test …
Persistent link: https://www.econbiz.de/10012479752