infonet-economy

This article presents the results of a survey among the members of the „Verein f¨ur Socialpolitik“, the association of German speaking economists, containing questions on schools of thought, economic role models and policy issues. A probit analysis is used to identify to what extent ideological preferences or personal facts determine the respondent’s opinion. Some of the questions...

The decomposition of national CAPM market betas of European countries’ value and growthnportfolio returns into cashflow and discount rate news driven components reveals that i) highnaverage returns on value portfolios are associated with disproportionately high sensitivity to national cashflow news which corroborates recent evidence for the U.S. and ii) two-beta variants of national...

In this paper we show that subtle forms of deceit undermine the effectiveness of incentives.nWe design an experiment in which the principal has an interest in underreporting the true performance difference between the agents in a dynamic tournament. According to thenstandard approach, rational agents should completely disregard the performance feedback of self-interested principals...

In November 2005, 55.7 percent of 2 million Swiss voters approved a 5-year moratorium (ban) on the commercial cultivation of genetically modified (GM) plants within Switzerland. The present study examines how individual voting decisions were determined by (i) socioeconomic characteristics, (ii) political preference/ideology and (iii) agreement with a series of arguments in favour and...

Unternehmensgründungen allgemein und innovative Unternehmensgründungen im Besonderen werden oft als Hoffnungsträger der wirtschaftlichen Entwicklung angesehen. Damit innovative Neugründungen jedoch erfolgreich am Markt agieren können, müssen sie typische Probleme überwinden, die sich aus den asymmetrisch verteilten Informationen zu den wichtigsten Marktpartnern ergeben. Mit diesem...

Multilevel or mixed effects models are commonly applied to hierarchical data. The level 2 residuals, which are otherwise known as random effects, are often of both substantive and diagnostic interest. Substantively, they are frequently used for institutional comparisons or rankings. Diagnostically, they are used to assess the model assumptions at the group level. Inference on the...

A central aspect of historical research is to provide explanations for the causes and effects of events that occurred in the past, in particular the Second World War. History can be analyzed and explained from different perspectives. Two such perspectives are considered, the first being the traditional historiographic approach, in which the main emphasis is on the qualitative...