Showing 1 - 10 of 121
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10010261275
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the … services. This paper focuses on intermediate ecosystem services in production and shows that for limited substitutability and a … be easily substituted in production but not in consumption, the relative price effect is important. Finally, and most …
Persistent link: https://www.econbiz.de/10012018205
Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according … interest rates is most pronounced for consumers who are active on financial markets. Finally, economic news on inflation and …
Persistent link: https://www.econbiz.de/10011584948
effects of information on the public's inflation expectations once attention is gained. Finally, I review the role of the …
Persistent link: https://www.econbiz.de/10014469757
-Douglas production function. …
Persistent link: https://www.econbiz.de/10010264314
We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...
Persistent link: https://www.econbiz.de/10010279376
their energy efficiency, increase intermediate inputs imports and optimize energy use across plants. Firms are also able to … pass-through the cost shock fully on their export prices. Their production, exports and employment fall. A consequence of … only firms able to adapt their production process to energy cost shocks have survived. Importantly, when faced with large …
Persistent link: https://www.econbiz.de/10014377522
education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …’ lower support for increases. Information about the tradeoffs between specific spending categories shifts preferences from …
Persistent link: https://www.econbiz.de/10011584891
support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on … opposition-reducing effect persists two weeks after treatment. Information on fiscal costs and unequal access does not affect …
Persistent link: https://www.econbiz.de/10012018227
, implying endogeneity of policy preferences. The information treatment also affects non-partisan swing voters. …
Persistent link: https://www.econbiz.de/10012018270