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On the performance of rule-based contribution schemes under endowment heterogeneity

Kesternich, Martin; Lange, Andreas; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We experimentally test different rule-based contribution mechanisms in a repeated 4-player public goods game with endowment heterogeneity and compare them to a VCM, distinguishing between a random- and an effort-based allocation of endowments. We find that endowment heterogeneities limit the...

Persistent link: https://www.econbiz.de/10010957679

The impact of burden sharing rules on the voluntary provision of public goods

Kesternich, Martin; Lange, Andreas; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

We investigate how burden sharing rules may impact the voluntary provision of a public good which generates heterogeneous benefits to agents. We compare different rule-based contribution schemes that are based on the principle of the smallest common denominator: all agents can suggest a minimum...

Persistent link: https://www.econbiz.de/10010957721

Institutions and unemployment: Do interactions matter?

Sachs, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

Isolated effects of labor and product market institutions as well as the interaction between both aforementioned … individual labor market institutions have been widely neglected, mainly due to the infeasibility to correctly specify the model …

Persistent link: https://www.econbiz.de/10009323188

Labour Market Institutions and Structural Reforms: A Source for Business Cycle Synchronisation?

Schleer, Frauke; Sachs, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

to 2003. More precisely, this paper derives measures for similarity of institutions and structural reforms, and … bilateral data. Our findings indicate a strong instantaneous relationship between both similarity of institutions as well as …

Persistent link: https://www.econbiz.de/10005097540

Educational Opportunities and the Role of Institutions

Ammermüller, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005

opportunities by schooling institutions. A difference-in-differences estimation approach is applied to control for country …

Persistent link: https://www.econbiz.de/10005098031

On the formation of coalitions to provide public goods: Experimental evidence from the lab

Dannenberg, Astrid; Lange, Andreas; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

literature focuses on individual contributions, many real-world problems involve the formation of institutions among subgroups … coalitions in different institutions and compares those to a voluntary contribution mechanism. The experiment confirms the rather … smallest common denominator being binding. The experiment thereby shows that the acceptance of institutions depends on how …

Persistent link: https://www.econbiz.de/10008568601

A Bayesian approach to determine the impact of institutions on the unemployment rate

Sachs, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model...

Persistent link: https://www.econbiz.de/10008646453

The effects of corporate and country sustainability characteristics on the cost of debt: An international investigation

Hoepner, Andreas; Oikonomou, Ioannis; Scholtens, Bert; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into 470 loan agreements signed between 2005 and 2012 with borrowers based on 28 different countries across the world and operating in all major industries. Our principal findings...

Persistent link: https://www.econbiz.de/10011095353

How important is industry-specific managerial experience for innovative firm performance?

Balsmeier, Benjamin; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

This study examines how industry-specific managerial experience affects firms' innovation performance in the context of different institutional environments. Based on firm-level data from 27 Central and Eastern European countries we identify a robust positive relationship between...

Persistent link: https://www.econbiz.de/10010957603

Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis

Gropp, Reint; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010

In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...

Persistent link: https://www.econbiz.de/10008518270