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and model estimation stage is most robust against misspecification of the underlying model for making precise predictions …
Persistent link: https://www.econbiz.de/10014057910
this theory. On average, across 30 product categories, that authors find that: (i) New consumer durables have a typical …
Persistent link: https://www.econbiz.de/10014057924
We study experimentally a two-stage compensation mechanism for promoting cooperation in prisoner's dilemma games. In stage 1, players simultaneously choose binding non-negative amounts to pay their counterparts for cooperating in a given prisoner's dilemma game, and then play the prisoner's...
Persistent link: https://www.econbiz.de/10014057940
controversies of monetary economics. Keynes's liquidity preference theory remains at the core of the center. This paper starts off … with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more … logical and clear manner. Through bridging the gap between the classical theory of interest and liquidity preference theory …
Persistent link: https://www.econbiz.de/10014057942
The professional life of economists takes place within the boundaries of the institution of academic economics. Belonging to the institution enable economists in many ways. It provides a context wherein their contribution is meaningful. But it constrains, too, what economists are allowed to do...
Persistent link: https://www.econbiz.de/10014058001
This paper aims to investigate whether structural shocks among ASEAN countries are becoming more symmetrical over time, thus indicating whether this region is becoming better prepared to introduce a common monetary policy. For that purpose a dynamic space-state model that complements the...
Persistent link: https://www.econbiz.de/10014058069
Subsidy as a manipulative support system is structured in a country by way of fiscal law relating to macro-economic management through the budgetary process. It is that branch of International Trade Law, fact file of which lies in pure economics. International trade lawyers, intellectuals,...
Persistent link: https://www.econbiz.de/10014058070
This paper analyzes social group formation when agents are subject to peer effects within groups increasing human capital and instantaneous utility. When agents are heterogeneous on two dimensions, ability and social skills, and monetary payments are not feasible the model predicts segregation...
Persistent link: https://www.econbiz.de/10014058086
This symposium article discusses recent state constitutional amendments limiting marriage, suggesting that many of the rationales offered in support of such amendments involve faculty factual assertions or conclusions which do not follow from the premises offered. The article concludes that the...
Persistent link: https://www.econbiz.de/10014058105
Five leading German political parties and their coalitions are evaluated with regard to party manifestos and results of the 2005 parliamentary elections. For this purpose, the party manifestos are converted into Yes/No answers to 95 topical questions (Relax the protection against dismissals?...
Persistent link: https://www.econbiz.de/10014058106