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Too Much Data : Prices and Inefficiencies in Data Markets
Acemoglu, Daron - 2019
-sharing that improves efficiency.Institutional subscribers to the NBER working paper series, and residents of developing countries …
Persistent link: https://www.econbiz.de/10012862414
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Why Not a Political Coase Theorem? Social Conflict, Commitment and Politics
Acemoglu, Daron - 2021
Do societies choose inefficient policies and institutions, in contrast to what would be suggested by a reasoning extending the Coase Theorem to politics? Do societies choose inefficient policies and institutions because of differences in the beliefs and ideologies of their peoples or leaders? Or...
Persistent link: https://www.econbiz.de/10013216095
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Modeling Inefficient Institutions
Acemoglu, Daron - 2021
Why do inefficient %uF818 non-growth enhancing %uF818 institutions emerge and persist? This paper develops a simple framework to provide some answers to this question. Political institutions determine the allocation of political power, and economic institutions determine the framework for...
Persistent link: https://www.econbiz.de/10013247019
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Why Do Firms Train? Theory and Evidence
Acemoglu, Daron; Pischke, Jörn-Steffen - 2021
This paper offers and tests a theory of training whereby workers do not pay for general training they receive. The … explanations of firm sponsored training. Using microdata from Germany, we show that the predictions of the specific human capital …
Persistent link: https://www.econbiz.de/10013231422
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Are education and entrepreneurial income endogenous and do family background variables make sense as instruments? : a Bayesian analysis
Block, Jörn; Hoogerheide, Lennart; Thurik, Adriaan R. - 2010
Persistent link: https://www.econbiz.de/10003973363
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Family background variables as instruments for education in income regressions : a Bayesian analysis
Hoogerheide, Lennart; Block, Jörn; Thurik, Adriaan R. - 2010
Persistent link: https://www.econbiz.de/10008736923
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Are education and entrepreneurial income endogenous and do family background variables make sense as instruments? : a Bayesian analysis
Block, Jörn; Hoogerheide, Lennart; Thurik, Adriaan R. - 2010 - Current version: February 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10011380037
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Family background variables as instruments for education in income regressions : a Bayesian analysis
Hoogerheide, Lennart; Block, Jörn; Thurik, Adriaan R. - 2010 - Current version: July 2010
The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and Bayesian analysis in order to analyze to what degree violations of the strong validity assumption affect the...
Persistent link: https://www.econbiz.de/10011381026
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A class of adaptive EM-based importance sampling algorithms for efficient and robust posterior and predictive simulation
Hoogerheide, Lennart; Opschoor, Anne; Dijk, Herman K. van - 2011
Persistent link: https://www.econbiz.de/10008809885