Similar Search Results

How does P2P lending fit into the consumer credit market?

Roure, Calebe de; Pelizzon, Loriana; Tasca, Paolo - 2016

neglected by banks, namely highrisk and small-sized loans. Nevertheless, when accounting for the risk differential, interest … rates are very similar. Our conclusion is that P2P lending is substituting the banking sector for high-risk consumer loans …

Persistent link: https://www.econbiz.de/10011520643

Heterogeneity in migration network effects across cultures

Bogatzki, Tamara - 2021

I empirically assess the importance of socially interdependent origin cultures as opposed to socially independent ones for network effects in inter-national migration. I propose that societies that emphasise collectivist behaviour accumulate larger levels of communityspecific social capital than...

Persistent link: https://www.econbiz.de/10012589738

Toward a holistic approach to central bank trust

Eickmeier, Sandra; Petersen, Luba - 2024

We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank Household Panel survey for Germany. Employing an interdisciplinary approach that integrates insights from political science and psychology, we offer a fresh perspective on the factors...

Persistent link: https://www.econbiz.de/10014632327

Risk, time pressure, and selection effects

Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018

Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...

Persistent link: https://www.econbiz.de/10011899690

Signalling rivalry and quality uncertainty in a duopoly

Bester, Helmut; Demuth, Juri - 2011

This paper considers a market in which only the incumbent's quality is publicly known. The entrant's quality is observed by the incumbent and some fraction of informed consumers. This leads to price signalling rivalry between the duopolists, because the incumbent gains and the entrant loses when...

Persistent link: https://www.econbiz.de/10009404774

Belonging or estrangement : the European refugee crisis and its effects on immigrant identity

Prömel, Christopher - 2021

This study deals with the impact of the 2015 European Refugee Crisis on the ethnic identity of resident migrants in Germany. To derive plausibly causal estimates, I exploit the quasiexperimental setting in Germany, by which refugees are allocated to different counties by state authorities...

Persistent link: https://www.econbiz.de/10012657847

Leaping into the dark : a theory of policy gambles

Anand, Kartik; Gai, Prasanna; König, Philipp Johann - 2020

Why do politicians sometimes pursue policies with uncertain outcomes? We present a model in which politicians are unable to pre-commit to a status quo policy, and where investors and voters face a conflict over the division of output. Politicians may deviate from the status quo and pursue risky...

Persistent link: https://www.econbiz.de/10012173547

An economic model of the meat paradox

Hestermann, Nina; Le Yaouanq, Yves; Treich, Nicolas - 2019

Many individuals have empathetic feelings towards animals but frequently consume meat. We investigate this "meat paradox" using insights from the literature on motivated reasoning in moral dilemmata. We develop a model where individuals form self-serving beliefs about the suffering of animals...

Persistent link: https://www.econbiz.de/10012034136

A model of ideological thinking

Le Yaouanq, Yves - 2018

This paper develops a theory in which heterogeneity in political preferences produces a partisan disagreement about objective facts. A political decision involving both idiosyncratic preferences and scientific knowledge is considered. Voters form motivated beliefs in order to improve their...

Persistent link: https://www.econbiz.de/10011899691

Income in Jeopardy : how losing employment affects the willingness to take risks/ Clemens Hetschko; Malte Preuss

Hetschko, Clemens; Preuss, Malte - 2015

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

Persistent link: https://www.econbiz.de/10011405097

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