Similar Search Results

On the Dynamics of Ethnic Fractionalization

Campos, Nauro F; Kuzeyev, Vitaliy - C.E.P.R. Discussion Papers - 2007

Does fractionalization change over (short periods of) time? If so, are there any substantial implications for economic performance? To answer such questions, we construct a new panel data set with measures of fractionalization for 26 former communist countries covering the period from 1989 to...

Persistent link: https://www.econbiz.de/10005792174

Dynamic Ethnic Fractionalization and Economic Growth in the Transition Economies from 1989 to 2007

Campos, Nauro F; Kuzeyev, Vitaliy; Saleh, Ahmad - C.E.P.R. Discussion Papers - 2009

In their survey of the literature on ethnic fractionalization and economic performance, Alesina and La Ferrara (JEL 2005) identify two main directions for future research. One is to improve the measurement of diversity and the other to treat diversity as an endogenous variable. This paper tries...

Persistent link: https://www.econbiz.de/10008458292

Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Cukierman, Alex; Izhakian, Yehuda - C.E.P.R. Discussion Papers - 2011

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler maxmin with multiple priors framework to lenders …

Persistent link: https://www.econbiz.de/10009144737

Precautionary Bidding in Auctions

Esö, Péter; White, Lucy - C.E.P.R. Discussion Papers - 2003

We analyse bidding behaviour in auctions when risk-averse buyers bid for a good whose value is risky. We show that when … risk in the valuations increases, DARA bidders will reduce their bids by more than the appropriate increase in the risk … marginal utility of income increases with risk, so buyers are reluctant to bid so highly. We also show that precautionary …

Persistent link: https://www.econbiz.de/10005114473

Keep Up With the Winners: Experimental Evidence on Risk Taking, Asset Integration, and Peer Effects

Fafchamps, Marcel; Kebede, Bereket; Zizzo, Daniel John - C.E.P.R. Discussion Papers - 2013

The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the … experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …

Persistent link: https://www.econbiz.de/10011084146

Does Equality Lead to Fraternity?

Leigh, Andrew - Research School of Economics, College of Business and … - 2006

Several cross-country studies have observed a negative correlation between inequality and interpersonal trust. Using data from 59 countries, I instrument for inequality using the relative size of the mature-aged cohort, and find that a rise in inequality reduces trust.

Persistent link: https://www.econbiz.de/10005032865

War Signals: A Theory of Trade, Trust and Conflict

Rohner, Dominic; Thoenig, Mathias; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2011

We construct a dynamic theory of civil conflict hinging on inter-ethnic trust and trade. The model economy is inhabitated by two ethnic groups. Inter-ethnic trade requires imperfectly observed bilateral investments and one group has to form beliefs on the average propensity to trade of the other...

Persistent link: https://www.econbiz.de/10009003383

Religion and Innovation

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

, broadly defined (e.g., attitudes toward science and technology, new versus old ideas, change, risk taking, personal agency …

Persistent link: https://www.econbiz.de/10011213308

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

Of Religion and Redemption: Evidence from Default on Islamic Loans

Baele, Lieven; Farooq, Moazzam; Ongena, Steven - C.E.P.R. Discussion Papers - 2011

Do religious beliefs affect real economic decisions? We investigate this fundamental question by comparing default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust...

Persistent link: https://www.econbiz.de/10009209832

1
2
3
4
5
6
7
8
9
10
Next
Last