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Explaining the favorite-longshot bias : is it risk-love or misperceptions?

Snowberg, Eric; Wolfers, Justin - 2010

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of this phenomenon focus on rational gamblers who overbet...

Persistent link: https://www.econbiz.de/10003965888

Does economic policy uncertainty encourage gambling? : evidence from the Chinese welfare lottery market

Xu, Can; Steiner, Andreas; Haan, Jakob de - 2023

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a … data on lottery sales in Chinese provinces to estimate the short- and long-run effect of EPU on gambling. Our results … suggest that EPU has a significant positive effect on gambling in the short run. In addition, we find that this positive …

Persistent link: https://www.econbiz.de/10013503360

International energy technology transfers for climate change mitigation : what, who, how, why, when, where, how much and the implications for international institutional architectu...

Brewer, Thomas L. (contributor) - 2008

The goal of the paper is to expand and refine the international technology transfer negotiating and analytic agendas and to reframe the issues. The paper presents concepts, indicators, illustrations and data that identify and measure international transfers of energy technologies that can be...

Persistent link: https://www.econbiz.de/10003763016

Green havens and pollution havens

Poelhekke, Steven; Ploeg, Frederick van der - 2012

We test for pollution haven effects in outward foreign direct investment (FDI) for different sectors using a comprehensive and exhaustive dataset for outward FDI from the Netherlands, one of the most environmentally stringent countries and a major source of global FDI. Our evidence suggests that...

Persistent link: https://www.econbiz.de/10009570741

Forging a global environmental agreement through trade sanctions on free riders?

Eichner, Thomas; Pethig, Rüdiger - 2015

This paper studies the formation of self-enforcing global environmental agreements in a world economy with …

Persistent link: https://www.econbiz.de/10011281297

Agricultural trade, biodiversity effects and food price volatility

Bellora, Cecilia; Bourgeon, Jean-Marc - 2015

Biotic factors such as pests create biodiversity effects that increase production risks and decrease land productivity when agriculture becomes more specialized. We show in a Ricardian two-country trade setup that production specialization is incomplete under free trade because of the decrease...

Persistent link: https://www.econbiz.de/10011286489

Reform of the United Nations Security Council : equity and efficiency

Gould, Matthew; Rablen, Matthew D. - 2014

Twenty years of negotiations over reform of the United Nations Security Council (UNSC) are yet to bear fruit. We use recent advances in the theory of a-priori voting power to present a formal quantitative appraisal of the "structural reforms" contained within eleven current reform proposals, and...

Persistent link: https://www.econbiz.de/10010358266

Carbon tariffs : an analysis of the trade, welfare and emission effects

Larch, Mario; Wanner, Joschka - 2014

reduce world carbon emissions. We analyze the effects of carbon tariffs on trade, welfare and carbon emissions in a multi … countries. Most remarkably, world carbon emissions increase by 0.49 percent in the investigated counterfactual scenario, with a …

Persistent link: https://www.econbiz.de/10010235843

Trade restrictiveness indices in presence of externalities : an application to non-tariff measures

Beghin, John C.; Disdier, Anne-Célia; Marette, Stéphan - 2014

We extend the trade restrictiveness index approach to the case of market imperfections and domestic regulations addressing them. We focus on standard-like non-tariff measures (NTMs) affecting cost of production and potentially enhancing demand by reducing negative externalities. We apply the...

Persistent link: https://www.econbiz.de/10010412410

Kyoto and carbon leakage : an empirical analysis of the carbon content of bilateral trade

Aichele, Rahel; Felbermayr, Gabriel - 2011

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...

Persistent link: https://www.econbiz.de/10009383458

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