We investigate the relationship between household debt and health outcomes for OECD countries over the period 1995 to 2012. Using a dataset of aggregated, standardized and objective measures of household debt and health outcomes, we estimate an instrumental variable (GMM) model in order to deal...

The main goal of this article is to describe the attitudes towards bequests as the motive for saving up for old age. The article reports the results of our own qualitative and quantitative research. The reasons for additional, voluntary saving up for old age, as seen in the conducted qualitative...

Behavioral reactions to terrorism may be displayed in different ways. While some individuals react by holding back on their financial and charitable activities following stressful events, others may express more generosity by increasing their giving due to solidarity and empathy with the...

The COVID-19 pandemic has caused large changes in consumer spending, including how people make their payments. We use data from a nationally representative survey of U.S. consumers collected before COVID in 2018 and 2019 and during COVID in 2020 to analyze changes in consumer payment behavior...

Noch nie hat sich die Weltwirtschaft so schnell und so stark ausgedehnt wie in den vergangenen 20 Jahren. Vor allem gesunkene Transport- und Kommunikationskosten und liberalisierte Güter- und Kapitalmärkte tragen zur weiteren Intensivierung und Vertiefung der internationalen...

Noch nie hat sich die Weltwirtschaft so schnell und so stark ausgedehnt wie in den vergangenen 20 Jahren. Vor allem gesunkene Transport- und Kommunikationskosten und liberalisierte Güter- und Kapitalmärkte tragen zur weiteren Intensivierung und Vertiefung der internationalen...

Mergers and acquisitions can lead to anti-competitive structural change in the market place. Despite this detrimental effect, mergers and acquisitions have also the potential to generate significant efficiencies through a better resource allocation and other forms of synergy that either merging...

We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...

We propose a model which uses the Bitcoin/US dollar exchange rate to predict the computing power of the Bitcoin network. We show that free entry places an upper-bound on mining revenues and we devise a structural framework to measure its value. Calibrating the model's parameters allows us to...