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The speculation bubble on the real estate market in the USA in view of selected overinvestment theories
Bochenek, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 73-87
This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims...
Persistent link: https://www.econbiz.de/10009959704
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Institutions as game theory outcomes : towards a cognitive-experimental inquiry
Ambrosino, Angela - In: International journal of management, economics and … 2 (2013) 2, pp. 129-150
This paper investigates two different approaches to the analysis of institutions using game theory and discusses their … methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern's theory, we investigate … method to investigate institutions as the unplanned outcome of self- interested individual behavior? While the game theory …
Persistent link: https://www.econbiz.de/10010148370
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El papel moderador de la cultura en la generacion de statisfacción y lealtad
Medina Molina, Cayetano; Rufín Moreno, Ramón; Rey … - In: Investigaciones europeas de Dirección y Economía de … 17 (2011) 1, pp. 57-73
The present research focuses on the differences that the tourists' belonging to two unlike cultural groups - i.e., low uncertainty avoidance individualists versus high uncertainty avoidance collectivists - imposes on the performance of the model explaining the generation of satisfaction and...
Persistent link: https://www.econbiz.de/10009958334
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Participation, growth and social poverty : social capital in a homogeneous society
Antoci, Angelo; Sacco, Pier Luigi; Vanin, Paolo - In: The open economics journal 1 (2008), pp. 1-13
We introduce social capital accumulation into a neoclassical model, showing how it differs from physical and human capital accumulation. We take the view that social capital is crucial to the enjoyment of socially provided goods and that it is mainly accumulated by means of participation to...
Persistent link: https://www.econbiz.de/10010080116
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Volksvertreter sind risikofreudiger als das Volk
Heß, Moritz; Scheve, Christian von; Schupp, Jürgen; … - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 10, pp. 17-21
In der Politik sind wie im Geschäftsleben oft riskante beziehungsweise gefährliche Entscheidungen zu treffen, bei denen die Ergebnisse nur schwer oder gar nicht prognostizierbar sind. Da Menschen in ihren Einstellungen gegenüber Risiken und Gefahren variieren, ist es vernünftig, dass in...
Persistent link: https://www.econbiz.de/10010097937
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Parteianhänger : Wohlhabende neigen zu Union und FDP - und zu den Grünen
Bach, Stefan; Grabka, Markus M. - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 37, pp. 11-18
Mit den Daten des Sozio-oekonomischen Panels (SOEP) kann der statistische Zusammenhang zwischen der Neigung von Personen zu politischen Parteien sowie deren Einkommen und Vermögen untersucht werden. Dabei zeigt sich, dass Besserverdiener und Wohlhabende zur Union und zur FDP neigen, aber auch...
Persistent link: https://www.econbiz.de/10010185915
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Behavioral biases in economic and financial knowledge : are they the same for men and women?
Kudryavtsev, Andrey; Cohen, Gil - In: Advances in management & applied economics 1 (2011) 1, pp. 15-52
Contemporary research documents various psychological aspects of economic thought and decision-making. The main goal of our study is to analyze the role of the hindsight bias (Fischhoff [20]) and the anchoring bias (Tversky and Kahneman [53]) in perceiving economic and financial information,...
Persistent link: https://www.econbiz.de/10009958463
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Does increased price competition reduce entry of new pharmaceutical products?
Granlund, David; Rudholm, Niklas - In: Advances in management & applied economics 1 (2011) 1, pp. 1-14
In October 2002, a substitution reform was introduced in the Swedish pharmaceuticals market. In this paper, the effects of increased price competition due to the reform on the entry of new pharmaceutical products were studied. The results show that the reform did affect the entry behavior of...
Persistent link: https://www.econbiz.de/10009958464
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Wenn sich Warten lohnt : der Effekt von Unsicherheit auf Investitionsentscheidungen
Viefers, Paul - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 4, pp. 11-16
Das amerikanische Politmagazin Foreign Policy befragte zwischen August und September 2012 insgesamt 62 bekannte US-Ökonomen, worin sie die Hauptursache für die schleppende Erholung des Arbeitsmarkts sehen. Am häufigsten genannt wurde "Unsicherheit" (31 Prozent). Was ist mit diesem Begriff...
Persistent link: https://www.econbiz.de/10010079515
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Disclosure of medical information in health insurance
Rahkovsky, Ilya - In: Advances in management & applied economics 3 (2013) 1, pp. 183-205
Disclosure of private medical information allows insurance companies to better predict medical expenditures. The premiums the companies charge the insured employees reflect these expenditures. This paper studies incentives of employees to disclose their medical information. I find that healthier...
Persistent link: https://www.econbiz.de/10010097676