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Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added -...
Persistent link: https://www.econbiz.de/10010276826
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...
Persistent link: https://www.econbiz.de/10005864502
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added -...
Persistent link: https://www.econbiz.de/10005090569
respond to environmental policy measures, based on neoclassical assumptions, as predicted by theory. Moreover, understanding … policy design. The aim of this paper is a critical discussion of the way how this branch of research is interpreting the … explanatory power and the normative (policy) implications of behavioural economics. …
Persistent link: https://www.econbiz.de/10010323893
respond to environmental policy measures, based on neoclassical assumptions, as predicted by theory. Moreover, understanding … policy design. The aim of this paper is a critical discussion of the way how this branch of research is interpreting the … explanatory power and the normative (policy) implications of behavioural economics. …
Persistent link: https://www.econbiz.de/10010884473
The existing literature acknowledges that a mismatch between the experimenter's and the subjects' models of an experimental task can adversely affect the interpretation of data from laboratory experiments. We discuss why the two common experimental designs (between-subjects and within-subjects)...
Persistent link: https://www.econbiz.de/10010281658
The existing literature acknowledges that a mismatch between the experimenter's and the subjects' models of an experimental task can adversely affect the interpretation of data from laboratory experiments. We discuss why the two common experimental designs (between-subjects and within-subjects)...
Persistent link: https://www.econbiz.de/10008764093
Power indices are mappings that quantify the influence of the members of a voting body on collective decisions a priori. Their nonlinearity and discontinuity makes it difficult to compute inverse images, i.e., to determine a voting system which induces a power distribution as close as possible...
Persistent link: https://www.econbiz.de/10010291806
Do individuals prefer to compete fairly, or unfairly with an opponent? We study individuals who can choose how to compete for one ex-post nonzero payoff. They can either nudge themselves into a fair set of rules where they have the same information and actions as their opponent, or into unfair...
Persistent link: https://www.econbiz.de/10011419476
Almost all international environmental agreements include a minimum participation rule. Under such a rule an agreement becomes legally binding if and only if a certain threshold in terms of membership or contribution is reached. We analyze a cartel game with open membership and heterogeneous...
Persistent link: https://www.econbiz.de/10010330092