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Occupational Choice and the Spirit of Capitalism
Doepke, Matthias; Zilibotti, Fabrizio - Institut für Schweizerisches Bankwesen <Zürich> - 2007
theory, parents shape their children’s preferences in response to economic incentives. If financial markets are imperfect …
Persistent link: https://www.econbiz.de/10005857784
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Occupational Choice and the Spirit of Capitalism
Doepke, Matthias; Zilibotti, Fabrizio - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007
’s preferences in response to economic incentives. If financial markets are imperfect, this results in the stratification of society …
Persistent link: https://www.econbiz.de/10005860986
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The Stability of Mixed Income Neighborhoods in America
Krupka, Douglas J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Whether people of differing types can live happily together is one of the most important social and political questions concerning urban areas. From a variety of theoretical perspectives, such mixing seems extremely unlikely. While the theoretical result seems well supported in the context of...
Persistent link: https://www.econbiz.de/10005860604
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Regional GDP in Britain, 1871-1911: Some Estimates
Crafts, Nicholas F. R. - London School of Economics and Political Science - 2004
The paper builds on a method proposed by Geary and Stark (2002) for estimating regional incomes in Victorian Britain. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of variation of regional GDP per head was rising rapidly...
Persistent link: https://www.econbiz.de/10005870953
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The economics of lending with joint liability: theory and practice
Ghatak, Maitreesh; Guinnane, Timothy - University <Chicago, Ill.> / Department of Economics; … - 1999
Institutions that rely on joint liability to facilitate lending to the poor have a long historyand are now a common feature of many developing countries. Economists have proposedseveral theories of joint-liability lending that stress various aspects of its informational andenforcement advantages...
Persistent link: https://www.econbiz.de/10008911480
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Rules, Discretion or Reputation? Monetary Policies and the Efficiency of Financial Markets in Germany, 14th to 16th Centuries
Volckart, Oliver - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007
stability, and of which consequences theirdecisions had for the efficiency of financial markets. The study reveals that princes … independent central bank. An analysis of market performance indicates that financial markets between cities that were autonomous … with regard to their monetary policies were significantly better integrated and more efficient than markets between cities …
Persistent link: https://www.econbiz.de/10005861191
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Amazing discovery: Vincenz Bronzin's Option PricingModels
Hafner, Wolfgang; Zimmermann, H. - Wirtschaftswissenschaftliches Zentrum <Basel> - 2006
In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nauticain Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory ofPremium Contracts) which is an old type of option contract. Almost like Bachelierÿs now famousdissertation...
Persistent link: https://www.econbiz.de/10005868200
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Explaining London’s Dominance inInternational Financial Services
Cochrane, Sarah - University <Oxford> / Department of Economics - 2009
Contemporaries and historians have highlighted London’s position asthe world’s leading financial centre, and its dominance of both tradefinancing and international capital investment at this time. The cur-rent historical literature focuses on the presence of the London StockExchange and...
Persistent link: https://www.econbiz.de/10005870120
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MARKET INTEGRATION IN THE GOLDEN PERIPHERYTHE LISBON/LONDON EXCHANGE
Esteves, Rui Pedro; Reis, Jaime; Ferramosca, Fabiano - University <Oxford> / Department of Economics - 2007
The existence of a self-regulating arbitrage mechanism under the gold standard has been tradi-tionally considered as one of its main advantages, and attracted a corresponding research interest.This research is arguably relevant not only to test for the effciency of the gold points, but also...
Persistent link: https://www.econbiz.de/10005870145
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Seeding new ventures-- green thumbs and fertile fields: individual and environmental drivers of informal investment
Szerb, László; Terjesen, Siri; Rappai, Gábor - Max-Planck-Institut für Ökonomik <Jena> - 2007
This study explores individual and country-level environmental drivers of informal “seed” investment. We examine four types of informal investors based on business ownership experience (or no such experience) and close family relationship with investee (or no such relationship): “classic love...
Persistent link: https://www.econbiz.de/10005864583