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In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if – in contrast to the standard model – the...
Persistent link: https://www.econbiz.de/10013426350
Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...
Persistent link: https://www.econbiz.de/10010481659
Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important...
Persistent link: https://www.econbiz.de/10011167199
The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp criterion of Roemer (1998) the extended EOp criterion allows...
Persistent link: https://www.econbiz.de/10010269427
The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp criterion of Roemer (1998) the extended EOp criterion allows...
Persistent link: https://www.econbiz.de/10008514873
Despite numerous studies on skill development, we know little about the causal effects of music training on cognitive … and non-cognitive skills. This study examines how long-term music training during childhood and youth affects the …-Economic Panel (SOEP). Our findings suggest that adolescents with music training have better cognitive skills and school grades and …
Persistent link: https://www.econbiz.de/10010329100
This study investigates the dose-response effects of making music on youth development. Identification is based on the …
Persistent link: https://www.econbiz.de/10011873551
Despite numerous studies on skill development, we know little about the causal effects of music training on cognitive … and non-cognitive skills. This study examines how long-term music training during childhood and youth affects the …-Economic Panel (SOEP). Our findings suggest that adolescents with music training have better cognitive skills and school grades and …
Persistent link: https://www.econbiz.de/10011096066
findings. First, there was a separation in the language of science and religion beginning in the 17th century. Second …
Persistent link: https://www.econbiz.de/10014469371
This paper models the welfare consequences of social fragmentation arising from technological advance. We start from the premise that technological progress falls primarily on market-traded commodities rather than prosocial relationships, since the latter intrinsically require the expenditure of...
Persistent link: https://www.econbiz.de/10012497943