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The Great Schism in the theory of public finance : a treatise in the theory of economic thought ; conference paper
Blankart, Charles B. - 2014
In 1870 Menger, Jevons and Walras succeeded in explaining prices in a market economy. While most economists welcomed their achievement, economists of the theory of public finance split in a Great Schism. The dissent is on the two Gossen Laws on which the neoclassical revolution relies....
Persistent link: https://www.econbiz.de/10010486692
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Why are economists so different? : nature, nurture and gender effects in a simple trust game ; conference paper
Haucap, Justus; Müller, Andrea - 2014
We analyze the behavior of 577 economics and law students in a simple binary trust experiment in class-room. While economists are both significantly less trusting and less trustworthy than law students, this difference is largely due to heterogeneity between female law and economics students....
Persistent link: https://www.econbiz.de/10010489293
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Information rigidities in economic growth forecasts : evidence from a large international panel : conference paper
Dovern, Jonas; Fritsche, Ulrich; Loungani, Prakash; … - 2013
We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989-2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and Reis,...
Persistent link: https://www.econbiz.de/10010339322
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The European crisis and migration to Germany : expectations and the diversion of migration flows ; conference paper
Bertoli, Simone; Brücker, Herbert; Fernández-Huertas … - 2013
changing expectations about the evolution of the economic conditions in various countries. This paper addresses the first … expectations and current economic conditions at origin are significant determinants of migration, diversion effects account for 78 …
Persistent link: https://www.econbiz.de/10010344609
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Unmet aspirations as an explanation for the age U-shape in wellbeing : conference paper
Schwandt, Hannes - 2014
assumed that the U-shape is caused by unmet expectations that are felt painfully in midlife but beneficially abandoned and … experienced with less regret during old age. In a unique panel of 132,609 life satisfaction expectations matched to subsequent … theories that unmet expectations drive the age U-shape in wellbeing. …
Persistent link: https://www.econbiz.de/10010483894
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Prejudice in Swiss naturalization decisions : theory and evidence ; conference paper
Ilić, Dragan - 2013
Recent empirical studies have revealed prejudice based on country of origin in the Swiss naturalization system before courts banned closed ballot voting in 2003. Although the switch to elected councils has ameliorated the situation for the discriminated applicant groups, little has been known...
Persistent link: https://www.econbiz.de/10010339400
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Opinion dynamics and wisdom under conformity
Buechel, Berno; Hellmann, Tim; Klößner, Stefan - 2013
We present a model of opinion formation where individuals repeatedly engage in discussion and update their opinion in a social network similarly to the DeGroot model. Abstracting from the standard assumption that individuals always report their opinion truthfully, agents in our model may state...
Persistent link: https://www.econbiz.de/10010342212