infonet-economy

Paul Romer hat die Grundsätze der Mainstream-Ökonomie auf den Kopf gestellt. Ob er seine Ideen als neuer Weltbank-Chefökonom in die Praxis umsetzen kann, bleibt offen. Die Widerstände sind gross.

This study empirically evaluates the impact of the war in eastern Ukraine on the political attitudes aThis paper proposes a difference-in-differences approach for disentangling a total treatment effect on some outcome into a direct impact as well as an indirect effect operating through a binary intermediate variable – or mediator – within strata defined upon how the mediator reacts...

Many community detection algorithms have been developed to uncover the mesoscopic properties of complex networks. However how good an algorithm is, in terms of accuracy and computing time, remains still open. Testing algorithms on real-world network has certain restrictions which made their insights potentially biased: the networks are usually small, and the underlying communities...

The willingness to punish norm violation is an important component of many legal and social institutions, and much prior research demonstrates an apparent willingness to incur costs to punish individuals who act unfairly. But, will people rely on “excuses” to get out of having to act on costly punishment intentions, as they do with other costly pro-social acts? And how may the answer...

Relative performance evaluation (RPE) is, at least on paper, enjoying widespread popularity in determining the level of executive compensation. Yet existing empirical evidence of RPE is decidedly mixed. Two principal explanations are held responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a simpler note, corporate...

Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by incomplete information about the costs of providing quality, affect relational contracts in...

Past research on team boundary work has focused on a “cold,” information-exchange perspective to explain why boundary activities affect team innovation. Although the theory is widely accepted, empirical studies on the actual mechanism are scant and produce inconsistent results. Drawing from Interaction Ritual Theory (Collins, 2004), we propose a “warm,” affective perspective that...

The recent crisis has revealed that bank and sovereign risks are inherently intertwined. This paper develops a model of the bank-sovereign nexus to identify the main spillovers and to study the implications of guarantees and capital regulation. We show how banks’ asset risk may trigger a sovereign default through taxation and deposit insurance. The latter can be contagious because of...