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Wagner, Martin - 2005

This paper re-assesses the panel (unit root test) evidence for PPP on four monthly data sets. We discuss and illustrate … that commonly-used first generation panel unit root tests are inappropriate for PPP analysis since they are constructed for … cross-sectionally uncorrelated panels. Given that real exchange rate panel data sets are - almost by construction - highly …

Persistent link: https://www.econbiz.de/10010293741

Real currency appreciation in accession countries: Balassa-Samuelson and investment demand

Fischer, Christoph - 2002

apparently in favour of Balassa-Samuelson effects may require a re-interpretation. The model is estimated for a panel of CEE … scheinen, müssen deshalb möglicherweise neu interpretiert werden. Das Modell wird für ein Panel von mittel- und osteuropäischen …

Persistent link: https://www.econbiz.de/10010295736

Bilateral donors' aid allocation decisions: A tree-dimensional panel analysis

Berthélemy, Jean-Claude; Tichit, Ariane - 2002

-dimensional panel study (recipient-year-donor) and allows for comparisons between the different donors. Thanks to the length of the …

Persistent link: https://www.econbiz.de/10010279063

Risk, entitlements and fairness bias: Explaining preferences for redistribution in multi-person setting

Kataria, Mitesh; Montinari, Natalia - 2012

Researchers frequently studied the casual relationships of other-regarding preferences by applying experimental methods in bilateral settings (e.g., dictator game and ultimatum game). We use a framed experiment on taxes to study preferences for redistribution in a multi-person setting. We find...

Persistent link: https://www.econbiz.de/10010291852

Endogenous majority rules with changing preferences

Polborn, Mattias K. - 2000

This paper provides a new explanation why several US states have implemented supermajority requirements for tax increases. We model a dynamic and stochastic OLG economy where individual preferences depend on age and change over time in a systematic way. In this setting, we show that the first...

Persistent link: https://www.econbiz.de/10010292004

Investment and current account dynamics in an open economy status seeking framework

Fisher, Walter H. - 2002

In this paper we analyze the implications of status-preference, modeled as relative wealth, for the current account in a small open economy framework with capital stock dynamics. We demonstrate that the transitional dynamics of the economy is characterized by two distinct speeds of adjustment: a...

Persistent link: https://www.econbiz.de/10010292781

Nonlinear pricing with self-control preferences

Esteban, Susanna; Miyagawa, Eiichi; Shum, Matthew - 2003

This paper studies optimal nonlinear pricing for a monopolist when consumers' preferences exhibit temptation and self-control as in Gul and Pesendorfer (2001a). Consumers are subject to temptation inside the store but exercise self-control, and those foreseeing large self-control costs do not...

Persistent link: https://www.econbiz.de/10010293447

Dynamic time series binary choice

de Jong, Robert M.; Woutersen, Tiemen - 2007

This paper considers dynamic time series binary choice models. It proves near epoch dependence and strong mixing for the dynamic binary choice model with correlated errors. Using this result, it shows in a time series setting the validity of the dynamic probit likelihood procedure when lags of...

Persistent link: https://www.econbiz.de/10010293501

The development of egalitarianism, altruism, spite and parochialism in childhood and adolescence

Fehr, Ernst; Rützler, Daniela; Sutter, Matthias - 2011

We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an ingroup or an out-group...

Persistent link: https://www.econbiz.de/10010294807

The Impact of Distributional Preferences on (Experimental) Markets for Expert Services

Kerschbamer, Rudolf; Sutter, Matthias; Dulleck, Uwe - 2009

Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...

Persistent link: https://www.econbiz.de/10010294825

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