The literature shows a wage premium for graduates from high quality, elite, or more selective universities. The results, however, exist for countries with a clear hierarchy of top universities, such as the US, England, and Australia. I evaluate if such an effect also exists in Germany, a country...

We analyze differences in consumption and wealth that arise because of different degrees of rationality of households. In particular, we use a standard New Keynesian model and let a certain fraction of households be fully rational while the other fraction possesses less cognitive ability. We...

In this study, we analyze the Japanese TV audience's preference for time-shifted viewing (TSV), which was introduced in the media market October 2015. This service has various characteristics such as a simple fee-charging video-providing service through the Internet, by which network...