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A multiplicity of approaches to institutional analysis : applications to the government and the arts

Frey, Bruno S. - 2009

Four types of economicsʺ relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...

Persistent link: https://www.econbiz.de/10003872188

The making of cultural policy : a European perspective

Ploeg, Frederick van der (contributor) - 2005

support for preservation of heritage, this is more difficult for the performing arts. Due to changing technologies and advent … become less relevant. Different institutions varying from selection by arts councils, bureaucrats or politicians to less … artistic qualities and execution of cultural policy to an independent Arts Fund. The Minister of Culture should concentrate on …

Persistent link: https://www.econbiz.de/10003114255

Commanding nature by obeying her : a review essay on Joel Mokyr's A Culture of Growth

Spolaore, Enrico - 2019

Why is modern society capable of cumulative innovation? In A Culture of Growth: The Origins of the Modern Economy, Joel Mokyr persuasively argues that sustained technological progress stemmed from a change in cultural beliefs. The change occurred gradually during the seventeenth and eighteenth...

Persistent link: https://www.econbiz.de/10012035061

Contractual and organizational structure with reciprocal agents

Englmaier, Florian (contributor); … - 2008

Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...

Persistent link: https://www.econbiz.de/10003763282

Noblesse oblige? : determinants of survival in a life and death situation

Frey, Bruno S. (contributor); Savage, David A. (contributor) - 2008

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10003771813

Why go to France or Germany, if you could as well go to the UK or the US? : selective features of immigration to four major OECD countries

Geis, Wido (contributor); Uebelmesser, Silke (contributor); … - 2008

Building on a new data set which is combined from national micro-data bases, we highlight differences in the structure of migrants to four countries, viz. France, Germany, the UK and the US, which receive a substantial share of all immigrants to the OECD world. Looking at immigrants by source...

Persistent link: https://www.econbiz.de/10003771831

Bank of England interest rate announcements and the foreign exchange market

Melvin, Michael; Saborowski, Christian; Sager, Michael; … - 2009

Since 1997, the Bank of England Monetary Policy Committee (MPC) has met monthly to set the UK policy interest rate. We examine evidence of systematic patterns in exchange rate movements on MPC days over the first decade of operation of the MPC. Daily data reveal significant differences in...

Persistent link: https://www.econbiz.de/10003831967

How do migrants choose their destination country? : an analysis of institutional determinants

Geis, Wido; Übelmesser, Silke; Werding, Martin - 2008

For a long time, migration has been subject to intensive economic research. Nevertheless, empirical evidence regarding the determinants of migration still appears to be incomplete. In this paper, we analyze the effects of socio-economic and institutional determinants, especially labor-market...

Persistent link: https://www.econbiz.de/10003805994

Surviving the Titanic disaster : economic, natural and social determinants

Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2009

The sinking of the Titanic in April 1912 took the lives of 68 percent of the people aboard. Who survived? It was women and children who had a higher probability of being saved, not men. Likewise, people traveling in first class had a better chance of survival than those in second and third...

Persistent link: https://www.econbiz.de/10003808139

Multi-Factor Gegenbauer processes and European inflation rates

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009

In this paper we specify a multi-factor long-memory process that enables us to estimate the fractional differencing parameters at each frequency separately, and adopt this framework to model quarterly prices in three European countries (France, Italy and the UK). The empirical results suggest...

Persistent link: https://www.econbiz.de/10003850335

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