Publications des institutions partenaires
Why shops close again: An evolutionary perspective on the deregulation of shopping hours
This paper introduces a new perspective on the deregulation of shopping hours based on ideas from evolutionary game theory. We study a retail economy where shopping hours have been deregulated recently. It is argued that first, the deregulation leads to a coordination problem between store owners and customers, and second, the ‘solution’ to this problem depends on the specific cost…
Institution partenaire
English / 01/01/2002
How international outsourcing drives up Eastern European wages
This paper analyzes the effects of intermediate goods trade on the development of real wages in Central and Eastern European manufacturing. The empirical findings show that world exports in intermediate goods of the CEEC exhibit a negative impact on wages, and imports a positive one. Since 1993, intermediate goods trade between the EU and the CEEC accounted for an increase in wages…
Institution partenaire
English / 01/01/2002
Unemployment may be lower if unions bargain over wages and employment
This paper addresses the question under which circumstances unemployment can be lower if unions bargain over wages and employment in a general equilibrium framework. Thereby, it turns out that the unemployment rate may negatively depend on the wage rate, if the unemployment compensation scheme contains a constant real term in addition to the replacement ratio component. This is,…
Institution partenaire
English / 01/01/2002
International outsourcing in a two-Sector Heckscher-Ohlin model
This paper analyzes the distributional effects of international outsourcing in a two sector Heckscher-Ohlin type model if both sectors get economical access to cost-saving international outsourcing. Thereby, it is shown that if both sectors are engaged in international outsourcing in equilibrium, the cost-saving effects of outsourcing as well as the factor contents of the outsourced…
Institution partenaire
English / 01/01/2002
Konsistenzprobleme der Data Envelopment Analysis in der empirischen Forschung
Institution partenaire
Deutsch / 01/01/2002
The economics of lobbying and special interest groups
Institution partenaire
English / 01/01/2002
Nutzenmessung im Gesundheitswesen: Die Methode der Discrete-Choice-Experimente
Institution partenaire
Deutsch / 01/01/2002
Managed Care. Kosten senken mit alternativen Krankenversicherungsformen? Eine empirische Analyse anhand Schweizer Krankenversicherungsdaten
Institution partenaire
Deutsch / 01/01/2002
Backward induction and the game-theoretic analysis of chess
The paper scrutinizes various stylized facts related to the minmax theorem for chess. We first point out that, in contrast to the prevalent understanding, chess is actually an infinite game, so that backward induction does not apply in the strict sense. Second, we recall the original
argument for the minmax theorem of chess – which is forward rather than backward looking. Then…
Institution partenaire
English / 01/01/2002
Iterated weak dominance in strictly competitive games of perfect information
We prove that any strictly competitive perfect-information two-person game with n outcomes is solvable in n−1 steps of elimination of weakly dominated strategies— regardless of the length of the game tree. The given bound is shown to be tight using a variant of Rosenthal's centipede game.
Institution partenaire
English / 01/01/2002
Why Social Preferences Matter - The Impact of Non-Selfish Motives on Competition, Cooperation and Incentives
A substantial number of people exhibit social preferences, which means they are not solely motivated by material self-interest but also care positively or negatively for the material payoffs of relevant reference agents. We show empirically that economists fail to understand fundamental economic questions when they disregard social preferences, in particular, that without taking…
Institution partenaire
English / 01/01/2002
Soft Landing of a Stock Market Bubble - An Experimental Study
The paper investigates the effect of interest policy on price bubbles, trading behavior and portfolio choice in experimental stock markets. Anseries of experiments has 8 participants trade an asset over 15 periods. Alternatively, the participants can invest money in interest-bearing bonds. Treatment groups are subjected to an endogenous interest policy, while control groups…
Institution partenaire
English / 01/01/2002
"Excess Demand Functions with Incomplete Markets — A Global Result"
"The purpose of this paper is to give a global characterization of excess demand functions in a two period exchange economy with in-completenreal asset markets. We show that continuity, homogeneity and Walras’ law characterize the aggregate excess demand functions on any compact price set which maintains the dimension of the budget set."
Institution partenaire
English / 01/01/2002
Measuring social norms and preferences using experimental games: A guide for social scientists
Experimental games turned out to be remarkably productive tools for examining the nature of social preferences and social norms. This paper describes the methods and tools of experimental game theory and provides a selection of games that have been useful. We also discuss the role of evolutionary explanations of and social preference theory in organizing the data in a coherent way.…
Institution partenaire
English / 01/01/2002
Trust Breeds Trust: How Taxpayers Are Treated
"Tax compliance has been studied in economics by analysing the individual decision of a representative person between paying and evading taxes. A neglected aspect of tax compliance is the interaction of taxpayers and tax authorities. The relationship between the two actors can be understood as an implicit or ""psychological"" contract. Studies on tax evasion…
Institution partenaire
English / 01/01/2002
Money and Information
This paper investigates the role of fiat money in decentralized markets, where producers have private information about the quality of the goods they supply. Money is divisible, terms of trade are determined endogenously, and agents can finance their consumption with money or with real production. When the fraction of high quality producers in the economy is given, money promotes the…
Institution partenaire
English / 01/01/2002
Money and the Gains from Trade
"This paper studies the role of money in environments where in each meeting there isna double coincidence of real wants. Traders who meet at random finance their purchases through current production, the sale of divisible money or both. It is shown that in the absence of valued money if traders have asymmetric tastes for each other’s good, they produce and exchange…
Institution partenaire
English / 01/01/2002
On the Efficiency of Monetary Exchange: How Divisibility of Money Matters.
"We use alternative assumptions about the divisibility of goods and money and thenability of agents to use lotteries on money to investigate to what extent the indivisi-bilitynof money is the cause for the typically ine .cient production and consumption decisions in search-theoretic models of money. Our framework potentially generates three types of inefficiencies: the no-trade…
Institution partenaire
English / 01/01/2002
How Government Bond Prices Reflect Wartime Events. The Case of the Stockholm Market
How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries in-volved in WWII, this market was unregulated. The outbreak of World War II heavily depressed prices of government bonds.…
Institution partenaire
English / 01/01/2002
Selfish and Indoctrinated Economists?
Many people believe that economists in general are more selfish than other people and that this greater selfishness is due to economics education. This paper offers empirical evidence against this widely held belief. Using a unique data set on giving behaviour in connection with two social funds at the University of Zurich, it is shown that economics education does not make people…
Institution partenaire
English / 01/01/2002
Seiten
Le portail de l'information économique suisse
© 2016 Infonet Economy