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The Scope of Cooperation: Values and Incentives
Tabellini, Guido - CESifo - 2008
What explains the range of situations in which individuals cooperate? This paper studies a model where individuals respond to incentives but are also influenced by norms of good conduct inherited from earlier generations. Parents rationally choose what values to transmit to their offspring, and...
Persistent link: https://www.econbiz.de/10005249467
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International Trade, Factor Mobility and the Persistence of Cultural-Institutional Diversity
Belloc, Marianna; Bowles, Samuel - CESifo - 2009
eliminated by trade. We provide an evolutionary model of endogenous preferences and institutions under autarchy, trade and factor …
Persistent link: https://www.econbiz.de/10005013942
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Culture and Institutions: Economic Development in the Regions of Europe
Tabellini, Guido - CESifo - 2005
Does culture have a causal effect on economic development? The data on European regions suggest that it does. Culture … individual self-determination. To isolate the exogenous variation in culture, I rely on two historical variables used as … instruments: the literacy rate at the end of the XIXth century, and the political institutions in place over the past several …
Persistent link: https://www.econbiz.de/10005406158
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Does the European Marriage Pattern Explain Economic Growth
Dennison, Tracy; Ogilvie, Sheilagh - CESifo - 2013
This paper scrutinizes the recently postulated link between the European Marriage Pattern (EMP) and economic success. A metastudy of the historical demography literature shows that the EMP did not prevail throughout Europe, its three key components did not always coincide, and its more extreme...
Persistent link: https://www.econbiz.de/10010659185
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When the State Mirrors the Family: The Design of Pension Systems
Galasso, Vincenzo; Profeta, Paola - CESifo - 2010
This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …
Persistent link: https://www.econbiz.de/10008671713
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Fighting for Talent: Risk-shifting, Corporate Volatility, and Organizational Change
Friebel, Guido; Giannetti, Mariassunta - CESifo - 2002
In the nineties, average firm size decreased, organisations decentralized, and workers preferences shifted from large to small firms. Our model identifies the economic forces behind this trend. Small firms with little capital at risk are subject to risk-shifting. They realize more of their...
Persistent link: https://www.econbiz.de/10005196208
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Let the Market Decide: An Experimental Study of Competition and Fairness
Bartling, Björn; Grieder, Manuel; Zehnder, Christian - CESifo - 2014
Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...
Persistent link: https://www.econbiz.de/10010781540
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Do Markets Erode Social Responsibility?
Bartling, Björn; Weber, Roberto A. - CESifo - 2013
This paper studies the stability of socially responsible behavior in markets. We develop a laboratory product market in …
Persistent link: https://www.econbiz.de/10010718529
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - CESifo - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010718532
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Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory
Schnabl, Gunther - 2016
The paper analyses the evolvement and effects of central bank crisis management since the mid 1980s based on a Hayek-Mises-Wicksell over-investment framework. It is shown that, given that the traditional transmission mechanism between monetary policy and consumer price inflation has collapsed,...
Persistent link: https://www.econbiz.de/10012977401