Similar Search Results

Reaching for the Stars: An Experimental Study of the Consumption Value of Social Approval

Greiff, Matthias; Paetzel, Fabian - Volkswirtschaft Abteilung, Fachbereich … - 2012

We present a theoretical model of a linear public good game in which heterogeneous players express social approval after observing contributions. The model explains how social approval is expressed and predicts positive contributions if subjects have a preference for social approval. Using a...

Persistent link: https://www.econbiz.de/10010612070

Are Public Preferences Reflected in Monetary Policy Reaction Functions?

Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2013

In this paper, we test whether public preferences for price stability (obtained from the Eurobarometer survey) are actually reflected in the interest rates set by eight central banks. We estimate augmented Taylor (1993) rules for the period 1976-1993 using the dynamic GMM estimator. We find,...

Persistent link: https://www.econbiz.de/10010897849

Toward a Naturalistic Foundation of the Social Contract

Cordes, C.; Schubert, C. - Volkswirtschaft Abteilung, Fachbereich … - 2005

This paper delivers a step toward a naturalistic foundation of the social contract. While mainstream social contract theory is based on an original position model that is defined in an aprioristic way, we endogenize its key elements, i.e., develop them out of the individuals’ moral common...

Persistent link: https://www.econbiz.de/10005765383

A Generalized Condorcet Jury Theorem with Two Independent Probabilities of Error

Kirstein, Roland; Wangenheim, Georg v. - Volkswirtschaft Abteilung, Fachbereich … - 2010

The Condorcet Jury Theorem is derived from the implicit assumption that jury members only commit one type of error. If the probability of this error is smaller than 0.5, then group decisions are better than those of individual members. In binary decision situations, however, two types of error...

Persistent link: https://www.econbiz.de/10008552453

How to deal with resale price maintenance: What can we learn from empirical results?

Kretschmer, Jürgen-Peter - Volkswirtschaft Abteilung, Fachbereich … - 2011

The US Supreme Court’s overruling of the pre-existing per se illegality of resale price maintenance and the recommendation of a rule of reason approach in the Leegin decision (2007), raise the question whether other jurisdictions should follow this approach and what future assessments of...

Persistent link: https://www.econbiz.de/10009003680

Optimal Structuring of Assessment Processes in Competition Law: A Survey of Theoretical Approaches

Kretschmer, Jürgen-Peter - Volkswirtschaft Abteilung, Fachbereich … - 2011

In competition law, the problem of the optimal design of institutional and procedural rules concerns assessment …

Persistent link: https://www.econbiz.de/10009003681

Innovation Markets, Future Markets, or Potential Competition: How Should Competition Authorities Account for Innovation Competition in Merger Reviews?

Kern, Benjamin - Volkswirtschaft Abteilung, Fachbereich … - 2014

anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …

Persistent link: https://www.econbiz.de/10010734225

The Impact of Persistent Shocks and Concave Objective Functions on Collusive Behavior

Paha, Johannes - Volkswirtschaft Abteilung, Fachbereich … - 2013

The model proposed in this paper explains three stylized facts derived from case evidence: Cartel formation is more likely (i) when the industry has been hit by a negative profitability shock under the condition that (ii) this shock is rather persistent. (iii) This pattern is independent from...

Persistent link: https://www.econbiz.de/10010663003

Mergers and the Incentives to Undertake Product Innovation Oriented R&D: First Steps Towards an Assessment Approach

Kern, Benjamin Rene; Contreras, Juan Manuel Mantilla - Volkswirtschaft Abteilung, Fachbereich … - 2014

) market concentration and innovation cannot be transferred one-to-one to the interrelationship between innovation competition … competition and innovation is not always as unclear as it seems. Hence, by analyzing the model-theoretic industrial organization … for analyzing the impact of mergers on innovation and is therefore also in line with the idea of a rule-based competition …

Persistent link: https://www.econbiz.de/10010746942

Lower Sanctions, Greater Antitrust Compliance? Cartel Conduct with Imperfect Information about Enforcement Risk

Paha, Johannes - Volkswirtschaft Abteilung, Fachbereich … - 2014

training programs may also promote forms of cooperation that are beneficial for customers. The article shows that a competition …

Persistent link: https://www.econbiz.de/10011096547