We study how patient-regarding altruism is formed by medical education, a so far under-researched question. We structurally estimate altruistic preferences using experimental data from a large sample of medical students (N=733) in Germany at different stages in their studies. The estimates...

This paper presents a model where bank credit depends upon borrowers' product market structure. We show that a larger number of competitors in the industry may increase credit availability by enhancing the resale value of the collateralized productive assets. We also study how this benefit of...

We develop a structural econometric model to elicit household-specific expectations about future financial asset returns and risk attitudes by using data on observed portfolio holdings and self-assessed willingness to bear financial risk. Our framework assumes that household portfolios are...

Tax competition has long been studied using panel models. According to this approach, each country's tax rate is assumed to depend on a weighted average of the tax rates applied in the rest of the world, where weights are exogenous. As a consequence, the estimated reaction functions of countries...

This paper presents a model where bank credit depends upon borrowers ' product market structure. We show that a larger number of competitors in the industry may increase credit availability by enhancing the resale value of the collateralized productive assets. We also study how this benefi t of...