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The set-point theory of well-being needs replacing: on the brink of a scientific revolution?

Headey, Bruce - 2007

Set-point theory has dominated the field of subjective well-being (SWB). It has served as a classic Kuhn research … paradigm, being extended and refined for thirty years to take in new results. The central plank of the theory is that adult set …-point. It was possible to dismiss these events as 'exceptions' and maintain the theory. However, several new findings are now …

Persistent link: https://www.econbiz.de/10010264990

Technology portfolio and market value

Schmidt-Ehmcke, Jens; Zloczysti, Petra - 2008

This paper discusses the impact of a firm's technology portfolio on its market value. Two concepts are used to characterize a firm's portfolio: the number of technological fields and the degree of relatedness within the portfolio characterized by the amount of joint occurrences of patents in...

Persistent link: https://www.econbiz.de/10010265003

Accidents, liability obligations and monopolized markets for spare parts: profits and social welfare

Baake, Pio - 2008

We analyze the effects of accidents and liability obligations on the incentives of car manufacturers to monopolize the markets for their spare parts. We show that monopolized markets for spare parts lead to higher overall expenditures for consumers. Furthermore, while the manufacturers invest...

Persistent link: https://www.econbiz.de/10010265005

Employment effects of welfare reforms: evidence from a dynamic structural life-cycle model

Haan, Peter; Prowse, Victoria; Uhlendorff, Arne - 2008

In this paper we develop a dynamic structural life-cycle model of labor supply behavior which fully accounts for the effects of income tax and transfers on labor supply incentives. Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from...

Persistent link: https://www.econbiz.de/10010265010

On the (mis-) alignment of consumer and social welfare in markets with network effects

Suleymanova, Irina; Wey, Christian - 2008

We analyze duopoly Bertrand competition under network effects. We consider both incompatible and compatible products. Our main result is that network effects create a fundamental conflict between the maximization of social welfare and consumer surplus whenever products are incompatible. While...

Persistent link: https://www.econbiz.de/10010265012

Bertrand competition in markets with network effects and switching costs

Suleymanova, Irina; Wey, Christian - 2008

We analyze market dynamics under Bertrand duopoly competition in industries with network effects and consumer switching costs. Consumers form installed bases, repeatedly buy the products, and differ with respect to their switching costs. Depending on the ratio of switching costs to network...

Persistent link: https://www.econbiz.de/10010265013

Support Vector Machines (SVM) as a technique for solvency analysis

Auria, Laura; Moro, Rouslan A. - 2008

This paper introduces a statistical technique, Support Vector Machines (SVM), which is considered by the Deutsche Bundesbank as an alternative for company rating. A special attention is paid to the features of the SVM which provide a higher accuracy of company classification into solvent and...

Persistent link: https://www.econbiz.de/10010265023

Preferences for childcare policies: theory and evidence

Borck, Rainald; Wrohlich, Katharina - 2008

We analyse preferences for public, private or mixed provision of childcare theoretically and empirically. We model childcare as a publicly provided private good. Richer households should prefer private provision to either pure public or mixed provision. If public provision redistributes from...

Persistent link: https://www.econbiz.de/10010265034

Optimal income taxation of married couples: an empirical analysis of joint and individual taxation

Haan, Peter; Navarro, Dolores - 2008

In this paper we develop a discrete model of optimal taxation of married couples and empirically discuss the optimality of income taxation for this group. To this end, we derive the social welfare function which guarantees that joint taxation of married couples is optimal. We will contrast this...

Persistent link: https://www.econbiz.de/10010265042

Governance, democracy and poverty reduction: lessons drawn from household surveys in sub-Saharan Africa and Latin America

Herrera, Javier; Razafindrakoto, Mireille; Roubaud, … - 2005

Public statistics face quite a challenge when it comes to measuring new dimensions of development (institutions, governance, and social and political participation). To take up this challenge, modules on Governance, Democracy and Multiple Dimensions of Poverty have been appended to household...

Persistent link: https://www.econbiz.de/10010265067