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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/10008697515
This paper uses recently discovered data on nearly 300 Prussian counties in 1816 to show that Protestantism led to more schools and higher school enrolment already before the industrialization. This evidence supports the human capital theory of Protestant economic history of Becker and Woessmann...
Persistent link: https://www.econbiz.de/10003925192
In this paper we present a model of endogenous trade-policy formation which captures crucial aspects of the Japanese commercial and political culture. We analyze the influence of the portrayed cultural traits and show that cultural idiosyncrasies are important determinants of trade policy...
Persistent link: https://www.econbiz.de/10009781589
It has long been argued that the implementation of market-based environmental policy instruments such as … the benefits of (some) market-based instruments can also be true of well-designed performance standards. While the … aspects of product and labour market regulation which have implications for technological innovation, such as product and …
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, but the relative contribution of the two types of market turns out to be highly unstable, especially for the most deferred …. -- cointegration ; oil market ; futures prices ; price discovery …
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appears to be disputable whether the observed restrictions on transfers are the appropriate market design answer to these … concerns. Instead of exogenously restricting transfers on a matching market, we introduce a desideratum based on fairness … objectives and study its market design implications. The desideratum we concentrate on is discriminationfreeness, i.e. one …
Persistent link: https://www.econbiz.de/10010519953