Leerstand auf dem Markt für Wohnimmobilien kann verschiedene Ursachen haben. In der Literatur gibt es eine Reihe von Ansätzen, um die Zusammenhänge, die zu Leerstand führen, zu beschreiben. In diesem Beitrag werden die grundlegenden Wirkungsmechanismen im Rahmen des Standardmarktmodells, der...

This paper investigates and quantifies citizens' susceptibility to fake news and assesses, using a randomized control trial, the effectiveness of a policy intervention to raise awareness. We find that the average citizen lacks proficiency in identifying fake news and harbors an inflated...

Sub-Saharan Africa has one of the dynamic economies in the world. Unfortunately, the performance achieve has not led to a reduction of social issues. So, the government are making massive investment to overcome social issues. This massive public investment highlights the exogenous nature of the...

Recent theories suggest that consumers' search efforts are a function of prices and prices changes, respectively. This may help to explain the 'rockets and feathers' phenomenon often assigned to collusion – prices rise like rockets when costs increase and fall like feathers when costs...

We develop a model of statistical discrimination in occupational licensing. In the model, there is endogenous occupation selection and wage determination that depends on how costly it is to obtain the license and the productivity of the human capital that is bundled with the license. Under these...

We propose new models, simulations, and data analyses to elaborate on the process of formation of a network. In these models, new agents search edges instead of nodes before connecting to other agents. The edges can represent patents between technology firms, assets between dealers, viruses...

We construct various measures of firm-level climate risk exposure by utilizing two natural language processing techniques (LDA and word2vec) on firms‘ quarterly earnings conference call transcripts. The unsupervised learning method automatically generates five topics, all aligned with popular...

The term collaborative economy (CE) itself is relatively new, and according to the European Commission, the term is used interchangeably with the term sharing economy (SE). The term SE was frequently used when early models, such as Airbnb or ZipCar, appeared and gained popularity, especially in...

The book titled The Collaborative Economy in Action: European Perspectives is one of the important outcomes of the COST Action CA16121, From Sharing to Caring: Examining the Socio-Technical Aspects of the Collaborative Economy (short name: Sharing and Caring; sharingandcaring.eu) that was active...

Modern life offers nearly unbridled access to information; it is the harnessing of this information to guide decision-making that presents a challenge. We study how one individual may try to shape the way another person interprets objective information by proposing a causal explanation (or...