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Do managers with limited liability take more risky decisions? : an information acquisition model
Malcomson, James M. - 2010
actions. The resulting decisions may be less, rather than more, risky. Making a decision after acquiring information provides …
Persistent link: https://www.econbiz.de/10003937594
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Why are educated and risk-loving persons more mobile across regions
Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan; … - 2012
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000-2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10009621697
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Risk-taking on behalf of others
Eriksen, Kristoffer W.; Kvaløy, Ola; Luzuriaga, Miguel - 2017
We present an experimental study on how people take risk on behalf of others. We use three different elicitation methods, and study how each subject makes decisions both on behalf of own money and on behalf of another individual’s money. We find a weak tendency of lower risk-taking with...
Persistent link: https://www.econbiz.de/10011615822
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The intergenerational transmission of risk and trust attitudes
Dohmen, Thomas (contributor); Falk, Armin (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003712501
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Technology shocks and aggregate fluctuations in an estimated hybrid RBC model
Malley, James R.; Woitek, Ulrich - 2009
technology shocks in explaining aggregate fluctuations. To this end we estimate the model's posterior density using Markov …
Persistent link: https://www.econbiz.de/10003833344
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Timing of technology adoption and product market competition
Milliou, Chrysovalantou; Petrakēs, Emmanuēl - 2009
This paper examines how product market competition affects firms' timing of adopting a new technology as well as …. When goods are differentiated enough, adoption occurs later than it is socially optimal. -- technology adoption …
Persistent link: https://www.econbiz.de/10003854416
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Heckscher-Ohlin theory when countries have different technologies
Fisher, Eric O'Neill - 2010
Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245
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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … different realizations of firm specific technology shocks, possibly leading to default by some firms. The paper advances a new … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined …
Persistent link: https://www.econbiz.de/10009312180
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Technology agreements with heterogeneous countries
Hoel, Michael; Zeeuw, Aart de - 2014
For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...
Persistent link: https://www.econbiz.de/10010246011
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Generalized quadratic revenue functions
Chambers, Robert G. (contributor); Färe, Rolf (contributor) - 2008
Carlo evidence suggests that the quadratic specification more precisely represents technology. …
Persistent link: https://www.econbiz.de/10003751214