infonet-economy

As previously argued, the correlation between included and omitted regressors generally causes inconsistency of standard estimators for count data models. Non-linear instrumental variables estimation of an exponential model under conditional moment restrictions is one of the proposed remedies. This approach is extended here by fully exploiting the model assumptions and thereby...

BACKGROUND: There is ample evidence that a subgroup of Parkinson's disease patients who are treated with dopaminergic drugs develop certain behavioral addictions such as pathological gambling. The fact that only a subgroup of these patients develops pathological gambling suggests an interaction between dopaminergic drug treatment and individual susceptibility factors. These are...

Since the 1990ies the higher education system in the German speaking area has been faced an essential paradigm change: The model of governmental steering and control was replaced by the model of governmental supervision following the concept of New Public Management. It was assumed that an enlargement of autonomy would increase the effciency of the whole tertiary system. At the same...

In this paper we examine the likelihood of multiple real steady states in deterministic exchange economies with overlapping generations. There is a single good and a single agent per generation with constant relative risk aversion expected utility. In order to test for multiple equilibria we employ methods from computational algebraic geometry. In our examples, we find that...

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are adapted to be produced using unskilled labor. Our framework highlights a number of novel results. First, standardization is both an engine of...

This paper investigates empirically the effect of import diversity on government size and provides evidence for the love of variety effect on government spending described in Hanslin (2008). I argue that crowding out of firms is an important cost of public good provision. However, due to the access to foreign varieties, national costs of public good provision are lower and therefore...

Theory predicts that the interaction type within a team moderates the impact of talent disparity
on team productivity. Using panel data from professional German soccer teams, we
test talent composition effects at different team levels characterized by different interaction
types. At the match level, complementarities are expected due to the continuous interaction...