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Wir entwickeln ein Modell für strategisches Spielverhalten bei Glücksspielen nach dem Totalisatorprinzip und wenden es auf die Fußballwettspiele Toto und Torwette an. Unter der Annahme, dass Buchmacherquoten die wahren Ausgangswahrscheinlichkeiten der betreffenden Fußballspiele reflektieren,...
Persistent link: https://www.econbiz.de/10010292739
. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …
Persistent link: https://www.econbiz.de/10010265651
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …
Persistent link: https://www.econbiz.de/10010500250
We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …
Persistent link: https://www.econbiz.de/10010292361
firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect. Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and Ma …
Persistent link: https://www.econbiz.de/10010294493
This paper examines the link between a firm's owership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield...
Persistent link: https://www.econbiz.de/10010296254
is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at …
Persistent link: https://www.econbiz.de/10010296282
examine how trade liberalization affects firm and industry productivity, as well as social welfare. We identify four effects … of trade liberalization on productivity: (i) a direct effect through changes in R&D investment; (ii) a scale effect due …
Persistent link: https://www.econbiz.de/10010296284
In order to assess the productivity effects of information and communication technologies (ICT), regressions based on …?GMM estimator yields evidence for significant productivity effects of ICT which are substantially smaller though than those …
Persistent link: https://www.econbiz.de/10010297959