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The Origins of Intergenerational Associations in Crime: Lessons from Swedish Adoption Data

Hjalmarsson, Randi; Lindquist, Matthew - C.E.P.R. Discussion Papers - 2011

We use Swedish adoption data combined with police register data to study parent-son associations in crime. For adopted …

Persistent link: https://www.econbiz.de/10008921776

Limits of Arbitrage: The State of the Theory

Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2010

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs … from behavioral or from institutional considerations. We next survey, and nest within a simple model, the following costs …

Persistent link: https://www.econbiz.de/10008530340

Actual Versus Perceived Central Bank Transparency: The case of the European Central Bank

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

household survey on the European Central Bank’s transparency. To benefit from higher transparency perceptions the European …

Persistent link: https://www.econbiz.de/10005136532

The Economic Impact of Central Bank Transparency: A Survey

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

We provide an up-to-date overview of the literature on the desirability of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its effects has been carried out. First, we show how the theoretical literature has evolved, by looking...

Persistent link: https://www.econbiz.de/10005666931

Asset Prices with Heterogenous Beliefs

Basak, Suleyman - C.E.P.R. Discussion Papers - 2004

This article studies the dynamic behaviour of security prices in the presence of investors’ heterogeneous beliefs. We provide a tractable continuous-time pure-exchange model and highlight the mechanism through which investors’ differences of opinion enter into security prices. In the...

Persistent link: https://www.econbiz.de/10005661585

A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys

Fehr, Ernst; Fischbacher, Urs; Schupp, Jürgen; von … - C.E.P.R. Discussion Papers - 2003

survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a … interaction among the participants, with a survey of non-interacting respondents in a smooth and inexpensive way. We illustrate … the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey …

Persistent link: https://www.econbiz.de/10005661984

On the Distribution of Income and Worker Assignment under Intra-Firm Spillovers, with an Application to Ideas And Networks

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1999

We study the earnings structure and the equilibrium assignment of workers when they exert intra-firm spillovers on each other. We allow for arbitrary spillovers provided output depends on some aggregate index of workers' skill. Despite the possibility of increasing returns to skills, equilibrium...

Persistent link: https://www.econbiz.de/10005123995

It's Not What You Make, It's How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries

Bayoumi, Tamim; Haacker, Markus - C.E.P.R. Discussion Papers - 2002

This Paper analyses the welfare benefits from falling relative prices of IT (Information Technology) goods across a wide range of countries. Using two separate methodologies and datasets, we find that welfare benefits mainly accrue to users of IT, not their producers, because of falling relative...

Persistent link: https://www.econbiz.de/10005124148

Information Technology Use and Productivity at the Individual Level

Gandal, Neil; King III, Charles; Alstyne, Marshall W. Van - C.E.P.R. Discussion Papers - 2007

We employ a unique data set on white-collar workers that combines direct observations of individual use of information technology as well as objective information on individual performance. The main hypothesis we examine is whether heavier users of IT are more productive, and if heavier users of...

Persistent link: https://www.econbiz.de/10005124149

Information Technology, Organisational Change and Productivity

Crespi, Gustavo; Criscuolo, Chiara; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2007

We examine the relationships between productivity growth, IT investment and organisational change (DO) using UK firm data. Consistent with the small number of other micro studies we find (a) IT appears to have high returns in a growth accounting sense when DO is omitted; when DO is included the IT...

Persistent link: https://www.econbiz.de/10005136706