infonet-economy

Führt Ressourcenknappheit, das Monatsthema dieser Ausgabe, zu Ressourcenkonflikten, wie oft behauptet wird? Länder mit Erdölvorkommen – global gesehen eine knappe Ressource – weisen tatsächlich ein erhöhtes Kriegsrisiko auf. Andererseits ist Wassernutzung nur selten mit Kriegen verbunden und führt mehrheitlich zu kooperativen Lösungen. Vertieft man sich in die Zusammenhänge zwischen...

The Hayling Sentence Completion Task (HSCT) is known to
activate left hemisphere frontal and temporal language regions. However, the effective connectivity between frontal and temporal language regions associated with the task has yet to be examined. The aims of the study were to examine activation and effective connectivity during the HSCT using a functional magnetic resonance...

The empirical failure of the uncovered interest rate parity condition seems to be the reflection of risk premia on foreign currencies. After the formation of foreign currency portfolios according to interest rate differentials or forward discounts, recent studies suggest that either consumption- or currency return-based pricing factors explain the cross-section of foreign currency...

This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural experiment do provide behavioural evidence which is rare in such a controlled and life...

We used event-related potentials (ERPs) in a crossmodal stimulus-response compatibility paradigm to identify modality-independent aspects of rule processing and cued response facilitation. Participants responded to a lateralized target with the ipsilateral (compatible) or contralateral (incompatible) hand. Cue-target modality and cue-target order were manipulated. The cue preceded...

Human social interaction is strongly shaped by other-regarding preferences. These preferences are key for a unique aspect of human sociality – large scale cooperation with genetic strangers – but little is known about their developmental roots. We show here that young children’s other-regarding preferences assume a particular form – inequality aversion – that develops strongly...

The paper compares the impact of corporate taxation and social insurance on foreign direct investment (FDI) and unemployment. Four main results are derived: (i) the optimal size of the welfare state depends on the degree of risk-aversion and the unemployment rate as a measure of labor income risk. The unemployment rate partly reflects the country's exposure to globalization; (ii...

Mainstream theorizing in management and economics is based on the assumption that business firms focus on profits only, while it is the task of the state system to provide public goods and to regulate the economy in such a way that business activities contribute to the common good. Business firms are conceived of as private actors and governments and their state agencies are...