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Identifying the effect of parental incomes on child outcomes is difficult due to the correlation of unobserved ability, education levels and income. Previous research has relied on the use of instrumental variables to identify the effect of a change in household income on the young adult...
Persistent link: https://www.econbiz.de/10005859635
preference learning thatcan inform the construction of alternative notions of dynamic well-being. Based on theassumption that …
Persistent link: https://www.econbiz.de/10009138615
In der WTO-Agrarhandelsrunde von Doha geht es neben dem Abbau von Exportsubventionen und der Abschaffung von Marktzugangsbeschränkungen auch um die weitere Reduktion von internen Subventionen, die als produktions- und damit handelsverzerrend eingestuft sind. Eine Gruppe von Ländern, darunter...
Persistent link: https://www.econbiz.de/10009302576
overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an …
Persistent link: https://www.econbiz.de/10005864511
notion of creative learning agents who bring about novelty. We argue that apart fromthe challenges it poses for positive …
Persistent link: https://www.econbiz.de/10005867738
Theoretically and experimentally, we generalize the analysis of acquiringa company (Samuelson and Bazerman 1985) by allowing for competition ofboth, buyers and sellers. Naivety of both is related to the idea that higherprices exclude worse qualities. While competition of naive buyers...
Persistent link: https://www.econbiz.de/10005866465
We analyze the impact of a uniform price cap at electricity spot markets on firms investmentdecisions and on welfare. Since investment decisions for those markets are taken in the longrun, fluctuating demand at the spot market eventually gives rise to high price spikes in case ofbinding...
Persistent link: https://www.econbiz.de/10005868686
Der entwicklungsökonomische Diskurs ist aktuell geprägt durch eine kontroverseDebatte zwischen Jeffrey Sachs und William Easterly. Der Beitrag rekonstruiert beide Ansätze aus ordonomischer Perspektive. Er argumentiert, dass eine auf Kooperation angelegte Semantik vergleichsweise besser...
Persistent link: https://www.econbiz.de/10005859909
Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie … lokaler Gerechtigkeit für eine allgemeine Theorie sozialer Gerechtigkeit ((5)). Der Beitrag endet mit einer abschließenden …
Persistent link: https://www.econbiz.de/10005860105
This paper presents simple conditions for monopoly third-degree price discrimination to have negative or positive e¤ectson aggregate consumer surplus. Consumer surplus is often re-duced by discrimination, for example when total welfare (con-sumer surplus and pro…ts) falls. Surplus increases...
Persistent link: https://www.econbiz.de/10005870117