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Homo Reciprocans: Survey Evidence on Prevalence, Behaviour and Success
Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2006
Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...
Persistent link: https://www.econbiz.de/10005114269
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Purchasing Power Parity and Heterogenous Mean Reversion
Koedijk, Kees; Tims, Ben; Dijk, Mathijs A Van - C.E.P.R. Discussion Papers - 2006
This paper analyses the properties of multivariate tests of purchasing power parity (PPP) that fail to take heterogeneity in the speed of mean reversion across real exchange rates into account. We compare the performance of homogeneous and heterogeneous unit root testing methodologies. The...
Persistent link: https://www.econbiz.de/10005792288
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Models of Technology Diffusion
Geroski, Paul A - C.E.P.R. Discussion Papers - 1999
The literature on new technology diffusion is vast, and it spills over many conventional disciplinary boundaries. This paper surveys this literature by focussing on alternative explanations of the dominant stylized fact in this are: namely, that the usage of new technologies over time typically...
Persistent link: https://www.econbiz.de/10005662021
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Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work
Brück, Tilman; Haisken-DeNew, John P; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2004
We analyse the determinants of household work contracted in the German shadow economy. The German socio-economic household panel, which enumerates casual domestic employment, is used to estimate the demand for such household work. The regressors include regional wage rates, household income and...
Persistent link: https://www.econbiz.de/10005792212
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Economics and Climate Change: Integrated Assessment in a Multi-Region World
Hassler, John; Krusell, Per - C.E.P.R. Discussion Papers - 2012
---with which different policy scenarios can be analyzed and compared. The model is a dynamic stochastic general-equilibrium setup …
Persistent link: https://www.econbiz.de/10011084727
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Adjustment Costs in Factor Demand
Hamermesh, Daniel S.; Pfann, Gerard Antonie - C.E.P.R. Discussion Papers - 1996
This study discusses the nature of adjustment costs, which underpin the dynamic theory of input demand. We examine the … firms’ dynamic behaviour in factor markets. …
Persistent link: https://www.econbiz.de/10005661591
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Shocks and the Viability of a Fixed Exchange Rate Commitment
Andersen, Torben M - C.E.P.R. Discussion Papers - 1994
The incentive to renege on a commitment to a fixed exchange rate is shown to be state contingent. A fixed exchange rate policy is not viable under `unusual' circumstances, and the incentive to violate the commitment is larger in the case of contractionary shocks than in the case of expansionary...
Persistent link: https://www.econbiz.de/10005124373
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The Dynamics of Immigrant Welfare and Labour Market Behaviour
Hansen, Jörgen; Löfström, Magnus - C.E.P.R. Discussion Papers - 2001
This Paper analyses transitions into and out of three different labour market states: social assistance, unemployment … and employment. We estimate a dynamic multinomial logit model, controlling for endogenous initial conditions and … indicates that immigrants are more likely to receive both social assistance and unemployment compensation than natives are …
Persistent link: https://www.econbiz.de/10005136710
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Innovation Complimentarity and Scale of Production
Miravete, Eugenio J; Pernías, Jose C - C.E.P.R. Discussion Papers - 2004
This Paper is an empirical study on the existence of complementarity between product and process innovation. We present an econometrically feasible model that uses the information contained in the innovation profile of each firm to test for the existence of complementarity among production and...
Persistent link: https://www.econbiz.de/10005123646
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Household Labour Supply and Welfare Participation in Sweden
Flood, Lennart; Hansen, Jörgen; Wahlberg, Roger - C.E.P.R. Discussion Papers - 2003
In this Paper, we formulate and estimate a structural, static model of household labour supply and multiple welfare programme participation. Given the complicated nature of both the income tax schedule and the benefit rules for different welfare programmes, we use unique access to a very...
Persistent link: https://www.econbiz.de/10005067502