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Saint-Paul, Gilles - 2014

This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...

Persistent link: https://www.econbiz.de/10010440555

Five open questions about prediction markets

Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006

Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management -- in both the public and private sectors. This paper outlines five open questions in the literature,...

Persistent link: https://www.econbiz.de/10003278954

The causal effect of trust

Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018

Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...

Persistent link: https://www.econbiz.de/10011946494

On the economics and biology of trust

Fehr, Ernst (contributor) - 2008

In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...

Persistent link: https://www.econbiz.de/10003793375

Be fruitful and multiply? : moderate fecundity and long-run reproductive success

Galor, Oded; Klemp, Marc P. B. - 2014

a larger predisposition towards child quality, contributing to the onset of the demographic transition and the evolution …

Persistent link: https://www.econbiz.de/10010257597

The biocultural origins of human capital formation

Galor, Oded; Klemp, Marc P. B. - 2014

and the evolution of societies from an epoch of stagnation to sustained economic growth. …

Persistent link: https://www.econbiz.de/10010403448

The agricultural origins of time preference

Galor, Oded; Özak, Ömer - 2014

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis and establishes empirically, that geographical variations in natural land productivity and their impact on the return to agricultural investment have had a persistent effect on...

Persistent link: https://www.econbiz.de/10010403576

On market forces and human evolution

Saint-Paul, Gilles - 2002

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …

Persistent link: https://www.econbiz.de/10011414433

Employment industry and occupational continuity in Germany : from the Nazi regime to the post-war economic miracle

Puhani, Patrick A. - 2014

Using retrospective survey data that covers 1939, 1950, 1960, and 1971, I compare individual-level changes in employment industry and occupational status in Germany from the beginning of World War II to the post-war reconstruction era dubbed the Economic Miracle (Wirtschaftswunder). This...

Persistent link: https://www.econbiz.de/10010393898

Rules, preferences and evolution from the family angle

Cigno, Alessandro - 2021

This paper reviews the literature concerning the evolution of cultural traits in general and preferences in particular … effectively the clone of an existing one (either a parent or anyone else), there may be evolution only in the demographic sense … that the share of the population who hold a certain trait increases or decreases. Evolution in the strict sense of new …

Persistent link: https://www.econbiz.de/10012603203

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