infonet-economy

Paleopathological data provide valuable information about health, longevity and mortality in earlier human populations. We investigated the incidence of spinal pathologies on 54 individuals (1045 vertebrae and 18 sacral bones) that belong to a medieval skeletal series discovered in the Dalheim monastery (Northwest Germany) and compared them with contemporary and recent populations....

We document a general pattern in the euro area overnight interbank rate (EONIA) and analyze how German banks compared to other EMU banks respond to these predictable changes in the price for reserve holdings. At the beginning of the maintenance period, when the EONIA is typically above average, we observe that German banks hold substantially less reserves than their daily average...

This paper investigates the relationship between trade openness and the size ofngovernments, both theoretically and empirically. We argue that openness can increase the size of governments through two channels: (1) a terms of trade externality, whereby trade lowers the domestic cost of taxation, and (2) the demand for insurance, whereby trade raises risk and public transfers. We...

This paper studies the responses of residential property and equity prices,ninflation and economic activity to monetary policy shocks in 17 countries, using data spanning 1986-2006. We estimate VARs for individual economies and panel VARs in which we distinguish between groups of countries on the basis of the characteristics of their financial systems. The results suggest that using...

This paper analyzes the effect of trade liberalization on government spending in a general equilibrium model with a continuum of industries supplying tradable and nontradable goods under monopolistic competition. Trade liberalization is modeled as the opening up of product markets between two countries, which may differ in total factor productivity, factor endowment and fix cost...

Der Begriff Soft Skills wird sehr unterschiedlich verwendet. Wir verstehen darunter überfachliche, nicht berufsspezifische Kompetenzen, welche für den Erfolg in der Arbeitswelt unabdingbar sind. Sie umfassen sowohl die Fähigkeit, mit anderen zu kommunizieren und zusammenzuarbeiten (interpersonell) als auch sich selbst zu organisieren und zu disziplinieren (intrapersonell).

Zu...

Nach dem Ausbruch der Subprime-Krise vor einem halben Jahr zeigten sich rasch weltweit an unerwarteten Stellen unerwartete Schäden in unerwarteter Höhe. Mittlerweile sind die Ursachen und Mängel, die zur Krise führten, erkannt. Es sind sieben.

Neuroeconomics is one prominent example of the technology driven shift in social sciences. As a new and interdisciplinary field combining Neuroscience, Psychology and Economics, it is expected to provide the premise of fundamentally new insights into human behaviour and in improving the existing models in rational choice and game theory or to advance attempts in marketing. New...

We extend the original form of prospect theory by Kahneman and Tversky from finite lotteries to arbitrary probability distributions, using an approximation method based on weak-⋆ convergence. The resulting formula is computationally easier than the corresponding formula for cumulative prospect theory and makes it possible to use prospect theory in future applications in economics and...