Showing 1 - 7 of 7
We develop an economic theory of tolerance where lifestyles and traits are invested with symbolic value by people … which tolerance spontaneously arises. Policy may affect the evolution of tolerance in distinctive ways, and there may be … efficiency as well as equity reasons to promote tolerance. …
Persistent link: https://www.econbiz.de/10010272740
We argue that, for a given level of scientific knowledge, tolerance and diversity are conducive to technological … revolution can be ascribed to differences in religious tolerance that developed in continental Europe from the Peace of … Westphalia onwards. By matching a unique historical dataset about religious tolerance in 1,278 Prussian cities with valuable …
Persistent link: https://www.econbiz.de/10011794136
We study optimal selling strategies of a seller who is poorly informed about the buyer’s value for the object. When the maxmin seller only knows that the mean of the distribution of the buyer’s valuations belongs to some interval then nature can keep him to payoff zero no matter how much...
Persistent link: https://www.econbiz.de/10011307115
The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logarithmic, production is Cobb-Douglas, depreciation in 100% every period, climate damages as fraction of production decline exponentially with the stock of atmospheric carbon, and fossil fuel...
Persistent link: https://www.econbiz.de/10010352387
In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question what would happen if African countries were more...
Persistent link: https://www.econbiz.de/10010265984
-averse decision-makers, who make trade-offs between subjective expected performance and robustness. This framework accounts for … sample size is large enough or robustness is an important concern. We illustrate the practical value of such a framework by … studying the issue of rerandomization. Rerandomization creates a trade-off between subjective performance and robustness …
Persistent link: https://www.econbiz.de/10011744984
Assessing the robustness of the results of econometric analysis is a long standing subject of lively research. The … that increased attention to influential sets is warranted and comprehensive robustness measures for regression analysis are …
Persistent link: https://www.econbiz.de/10012582044