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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

Wind of change? : experimental survey evidence on the COVID-19 shock and socio-political attitudes in Europe

Daniele, Gianmarco; Martinangeli, Andrea F. M.; … - 2020

This paper investigates whether the COVID-19 crisis has affected the way we think about (political) institutions, as well as our broader (policy) attitudes and values. We fielded large online survey experiments in Italy, Spain, Germany and the Netherlands, well into the first wave of the...

Persistent link: https://www.econbiz.de/10012263741

Income inequality and political polarization

Marz, Waldemar - 2024

Value issues such as climate policy, immigration, or identity politics are among the most polarizing policy issues in the U.S. and other high-income countries. That polarization has been rising over the last decades. I investigate a novel channel of income inequality and political campaign...

Persistent link: https://www.econbiz.de/10014516223

Chinese aid and democratic values in Latin America

Freytag, Andreas; Kautz, Miriam - 2022

International economic engagement has been increasingly framed in terms of liberal democratic values. Specifically, Chinese aid has been at the center of this debate. Since Chinese aid comes with "no strings attached," a popular narrative is that Chinese aid poses a challenge to conditional aid,...

Persistent link: https://www.econbiz.de/10013266063

Structural transformation and value change : the British abolitionist movement

Figueroa, Valentin; Fouka, Vasiliki - 2023

What drives change in a society's values? From Marx to modernization theory, scholars have identified a connection between structural transformation and social change. To understand how changes in a society's dominant mode of production affect its dominant values, we examine the case of the...

Persistent link: https://www.econbiz.de/10014364990

What money can buy : how market exchange promotes values

Weber, Roberto A.; Zhang, Sili - 2023

We study consumers' concerns for the ideological values of their market counterparts and the implications of such concerns for the public promotion of values. Using a survey and online and laboratory experiments, we find that consumers are willing to pay premiums to exchange with counterparts...

Persistent link: https://www.econbiz.de/10014443727

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

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

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

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