Using information on desired and actual hours of work, we formulate a discrete choice model of constrained labor supply. Using the German Socio-Economic Panel and the microsimulation model STSM, we find that hours and participation elasticities are substantially smaller than those in the...

Why does patience vary across individuals and countries? We provide evidence on a widely-hypothesized mechanism, namely that higher longevity fosters patience. Using data on patience for 80,000 individuals in 76 countries, this paper relates exogenous variation in longevity across...

Digitale Technologien begünstigen den Einsatz einer dynamischen Preisgestaltung, also von Preisen, die für ein prinzipiell gleiches Produkt unangekündigt variieren. Dabei werden in der öffentlichen Diskussion unterschiedliche Ausgestaltungsformen dynamischer Preise oftmals vermischt, was...

This paper uses mortgage data to construct a measure of terms on which households access to externalfinance, and relates it to consumption at both the aggregate and cohort levels. The Household ExternalFinance (HEF) index is based on the spread paid by risky borrowers in the mortgage market....

The paper uses up-to-date household data from two Northern-Albanian regions. It summarises socio-economic facts on taking up remunerative non-farm employment and identifies the determinants of non-farm income diversification at the farm household level based on a binary logistic regression....

The change of the political regime from the socialist central planning system to a market economy and pluralistic society required the reorganisation not only of agricultural production, but also of the organisations in their support. In the Czech Republic, agricultural production is...

Предпринимательская деятельность основана на максимизации прибыли для того, чтобы увеличить размер собственного капитала, расширить производство и на...

An die russische Agrarreform der 1990er Jahre knüpfte sich die Erwartung, dass entsprechend der Erfahrung in westlichen Staaten landwirtschaftliche Familienbetriebe (Fermer-Betriebe) an die Stelle der staatlichen Großbetriebe treten und einen Aufschwung in der russischen Landwirtschaft...

This discussion paper deals with the estimation of a random coefficient model. The virtue of this approach is that it considers firm heterogeneity, which conventional SFA models do not. Applying the model to Polish farms, the results indicate that the conventional random and fixed effect models...

The research focus of the paper is to distinguish allocative and technical inefficiencies on Moscow region corporate farms. DEA specifications with both monetary and technical objective functions are applied. Reduced costs and sensitivity analyses are used to identify fixed inputs constraining...