Narrow search
Showing 1 - 10 of 1,997
Cover Image
On the Elasticity of Substitution between Labor and ICT and IP Capital and Traditional Capital
Jerbashian, Vahagn - 2022
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10014243755
Cover Image
The Interplay of Economic, Social and Political Fragmentation
Bosworth, Steven - 2019
This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to social fragmentation (the adoption of increasingly incompatible social identities and values), which generate political fragmentation (the adoption of increasingly incompatible...
Persistent link: https://www.econbiz.de/10012859600
Cover Image
Partisan Bias in Inflation Expectations
Bachmann, Oliver - 2019
We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed … based on how partisans respond to changes in the White House's occupant (partisan bias). The results also corroborate the …
Persistent link: https://www.econbiz.de/10012860297
Cover Image
Interest Rate Skewness and Biased Beliefs
Chernov, Mikhail; Bauer, Michael - 2021
Conditional yield skewness is an important summary statistic of the state of the economy. It exhibits pronounced variation over the business cycle and with the stance of monetary policy, and a tight relationship with the slope of the yield curve. Most importantly, variation in yield skewness has...
Persistent link: https://www.econbiz.de/10013222193
Cover Image
Still in Search of the Sunk Cost Bias
Negrini, Marcello; Riedl, Arno; Wibral, Matthias - 2021
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …
Persistent link: https://www.econbiz.de/10013315181
Cover Image
Biased Survival Expectations and Behaviours : Does Domain Specific Information Matter?
Costa-Font, Joan; Vilaplana-Prieto, Cristina - 2021
European countries for more than a decade, we estimate time-varying individual level bias in ‘survival expectations' (BSE) at …
Persistent link: https://www.econbiz.de/10013311581
Cover Image
All or Nothing : State Capacity and Optimal Public Goods Provision
Bierbrauer, Felix - 2018
We study the provision of public goods. Different public goods can be bundled provided there is enough capacity, i.e. resources to pay for all the public goods in the bundle. The analysis focuses on the all-or-nothing-mechanism: Expand provision as much as resource feasible if no one vetoes -...
Persistent link: https://www.econbiz.de/10012908660
Cover Image
On the Impact of Risky Private and Public Returns in the Private Provision of Public Goods - the Case of Social Investments
Freundt, Jana - 2019
We use a laboratory experiment to identify the impact of risk in the private and public dimensions of social investments. In variants of a public good game, we separate the return a subject’s investment generates for herself vs. the return to others. We find a detrimental effect of risk on...
Persistent link: https://www.econbiz.de/10012892130
Cover Image
Endogenous Timing and Income Inequality in the Voluntary Provision of Public Goods : Theory and Experiment
Itaya, Jun-ichi - 2019
This paper investigates how the heterogenous incomes and preferences of potential donors affect the timing of contribution decisions when it is endogenously determined by contributors themselves. More specifically, we use a simple setting with two donors, Cobb-Douglas preferences, and complete...
Persistent link: https://www.econbiz.de/10012892149
Cover Image
Political Donations, Public Procurement and Government Efficiency
Titl, Vítězslav - 2019
Firms’ political donations can induce distortions in the allocation of public procurement contracts. In this article, we employ an advanced non-parametric efficiency model to study the public sector (cost) efficiency implications of such distortions. Using a unique dataset covering the Czech...
Persistent link: https://www.econbiz.de/10012872063