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A Different Look at Lenin's Legacy : Trust, Risk, Fairness and Cooperativeness in the Two Germanies
Heineck, Guido; Süssmuth, Bernd - 2021
What are the long-term effects of Communism on economically relevant notions such as social trust? To answer this question, we use the reunification of Germany as a natural experiment and study the post-reunification trajectory of convergence with regard to individuals’ trust and risk, as well...
Persistent link: https://www.econbiz.de/10013316149
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Was Weber Wrong? A Human Capital Theory of Protestant Economic History
Becker, Sascha O.; Woessmann, Ludger - 2021
Max Weber attributed the higher economic prosperity of Protestant regions to a Protestant work ethic. We provide an alternative theory, where Protestant economies prospered because instruction in reading the Bible generated the human capital crucial to economic prosperity. County-level data from...
Persistent link: https://www.econbiz.de/10013317061
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What Drives Home Market Advantage?
Cosar, Kerem - 2015
In the automobile industry, as in many tradable goods markets, firms earn their highest market share within their … domestic market. This home market advantage persists despite substantial integration of international markets during the past … several decades. The goal of this paper is to quantify the supply- and demand-driven sources of the home market advantage and …
Persistent link: https://www.econbiz.de/10013012565
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Mergers and Partial Ownership
Foros, Øystein - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
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Directed Generosity and Network Formation : Network Dimension Matters
D'Exelle, Ben - 2010
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...
Persistent link: https://www.econbiz.de/10013134886
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The Optimal Defense of Network Connectivity
Kovenock, Dan; Roberson, Brian - 2016
Maintaining the security of critical infrastructure networks is vital for a modern economy. This paper examines a game-theoretic model of attack and defense of a network in which the defender's objective is to maintain network connectivity and the attacker's objective is to destroy a set of...
Persistent link: https://www.econbiz.de/10013000824
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Ad Networks and Consumer Tracking
D'Annunzio, Anna - 2019
We study the relation between ad networks, consumer privacy and the online advertising market. We consider two … publishers that can outsource their ad inventories to an ad network, in a market where consumers and advertisers endogenously …
Persistent link: https://www.econbiz.de/10012900779
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Contagion in Stable Networks
Bougheas, Spiros - 2017
We study the formation of networks in environments where agents derive benefits from other agents directly linked to them but suffer losses through contagion when any agent on a path connected to them is hit by a shock. We first consider networks with undirected links (e.g. epidemics,...
Persistent link: https://www.econbiz.de/10012944880
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Diasporas
Beine, Michel A. R. - 2009
Migration flows are shaped by a complex combination of self-selection and out-selection mechanisms. In this paper, we analyze how existing diasporas (the stock of people born in a country and living in an another one) affect the size and human-capital structure of current migration flows. Our...
Persistent link: https://www.econbiz.de/10012763995
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Social Networks and Housing Markets
Bailey, Michael - 2016
attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine … these findings, we introduce a new methodology to document large effects of housing market expectations on individual … housing investment decisions and aggregate housing market outcomes. Our approach exploits plausibly-exogenous variation in the …
Persistent link: https://www.econbiz.de/10012988967