infonet-economy

This paper approaches the problem of an econometric evaluation of dynamic programme sequences from an potential outcome perspective. The identifying power of several different assumptions about the connection between the dynamic selection process and the potential outcomes of different programme sequences is discussed. The assumptions invoke different types of randomisation…

In this paper we pursue an approach based on economic theory to illustrate possible shortcomings of widely-used detrending methods. Wenanalyze a simple model of economic growth and business cycles in which investment and technical progress are stochastic. The Hodrick-Prescottnand the Baxter-King filter are shown to detect spurious business cycles which are not related to actual…

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and reciprocity.…

Tax competition is supposed to lead to inefficiencies in the provision of public goods and difficulties for decentralized redistribution. A necessary condition for these effects to occur is that residence and location decisions are determined by fiscal considerations. In this paper, the impact of personal income taxes and transfer payments on residence decisions of taxpayers is…

The goal of this paper is to introduce and illustrate a new approach to the stability analysis of sample-paths of nonlinear stochastic economic models with non-stationary components. We place our study within the mathematical theory of random dynamical systems and apply the concept of a random fixed point which is tailor-made for the study of the long-term behavior of sample-paths in…

Die Studie untersucht die Eigenschaften der Unternehmen, die als Erste in einen sich neu oeffnenden Markt investieren. Fuer den ersten Investor bestehen gewisse Vorteile (first-mover-advantages), die einen moeglichst fruehen Eintritt in den Markt nahe legen. Andererseits fuehrt die politische und wirtschaftliche Unsicherheit in Osteuropa zu einem Anreiz, die Investitionsentscheidung…

This paper provides non-parametric estimates of the relation between nutrient intake and age for Czechoslovak individuals, as a function of both the characteristics of the individual and of their household, on the basis of household purchases. Results show no significant difference between the age-energy intake profiles of men and women. The decomposition of this intake between…

The purpose of this paper is to demonstrate how cybernetic theories open new paths towards organizational intelligence. This is illustrated by means of three theoretical models from organizational cybernetics. These models are integrated into a framework for a virtuous design, (self-)control and (self-)transformation of organizations. It is proposed that changes in activities,…