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Firm-Level Heterogeneity and the Decision to Export : A Real Option Approach
Naudé, Wim - 2013
In "new" new international trade theory, whether firms export or not are determined by their productivity. These models …
Persistent link: https://www.econbiz.de/10013083086
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Breakthroughs, Backlashes and Artificial General Intelligence : An Extended Real Options Approach
Gries, Thomas; Naudé, Wim - 2022
Breakthroughs and backlashes have marked progress in the development and diffusion of Artificial Intelligence (AI). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty. This paper applies a real options model, extended to...
Persistent link: https://www.econbiz.de/10014083861
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Directed Generosity and Network Formation : Network Dimension Matters
D'Exelle, Ben - 2010
We explore network effects on generosity for different network dimensions. To this end we elicit multiple network dimensions (friendship, social support, economic exchange, etc.) in a rural village in the Southern hemisphere and measure generosity with a sequence of dictator games conducted in...
Persistent link: https://www.econbiz.de/10013135187
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Wages, Creative Destruction, and Union Networks
Dale-Olsen, Harald - 2018
Do unions promote creative destruction? In this paper we apply a shift-share approach and historical unionisation data from 1918 to study the impact of changes in regional unionisation on regional wage and productivity growth and job creation and destruction during the period 2003-2012. As local...
Persistent link: https://www.econbiz.de/10012908876
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Social Norms in Networks
Ushchev, Philip - 2019
Although the linear-in-means model is the workhorse model in empirical work on peer effects, its theoretical properties are understudied. In this study, we develop a social-norm model that provides a microfoundation of the linear-in-means model and investigate its properties. We show that...
Persistent link: https://www.econbiz.de/10012859300
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Migration Gravity, Networks, and Unemployment
Basu, Arnab K.; Chau, Nancy H.; Lin, Gary - 2022
We develop and estimate a theory-consistent gravity model for interregional migration flows in the presence of … equation for bilateral mobility that embodies a co-determined local unemployment term. As a theory of migration, our model …
Persistent link: https://www.econbiz.de/10014240357
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …
Persistent link: https://www.econbiz.de/10013128748
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Decomposing Changes in Income Risk Using Consumption Data
Blundell, Richard W. - 2011
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …
Persistent link: https://www.econbiz.de/10013118049
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Income Risk, Income Mobility and Welfare
Krebs, Tom - 2012
consumption-saving model with labor income risk and incomplete markets to relate income dynamics to consumption and welfare, and …) welfare-neutral. A smaller part of measured income mobility is due to either welfare-reducing income risk or welfare …
Persistent link: https://www.econbiz.de/10013096445
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On the Origin of the Family
Francesconi, Marco - 2009
This paper presents an overlapping generations model to explain why humans live in families rather than in other pair groupings. Since most non-human species are not familial, something special must be behind the family. It is shown that the two necessary features that explain the origin of the...
Persistent link: https://www.econbiz.de/10013153016