infonet-economy

Wirtschaftsprofessor Ernst Fehr reagiert auf den Vorwurf von Zürcher Studenten, das Wirtschaftsstudium sei realitätsfern. Der Volkswirt verteidigt sein Fachgebiet, weist die Kritik aber nicht gänzlich zurück.

Humans tend to use the self as a reference point to perceive the world and gain information about other people's mental states. However, applying such a self-referential projection mechanism in situations where it is inappropriate can result in egocentrically biased judgments. To assess egocentricity bias in the emotional domain (EEB), we developed a novel visuo-tactile paradigm...

We study how the willingness to enter long-term bilateral relationships affects cooperation even when parties have little information about each other, ex ante, and cooperation is otherwise unenforceable. We experimentally investigate a finitely-repeated Prisoner’s Dilemma, allowing players to endogenously select interaction durations. Consistent with prior research, longer...

Global games with endogenous information often exhibit multiple equilibria. In this paper we show how one can nevertheless identify useful predictions that are robust across all equilibria and that could not have been delivered in the common-knowledge counterparts of these games. Our analysis is conducted within a flexible family of games of regime change, which have been used to...

Standard sample selection models with non-randomly censored outcomes assume (i) an exclusion restriction (i.e., a variable affecting selection, but not the outcome) and (ii) additive separability of the errors in the selection process. This paper proposes tests for the joint satisfaction of these assumptions by applying the approach of Huber and Mellace (2011) (for testing instrument...

Access to the fast-growing Chinese economy is prized by policymakers and business people. Concerns that European firms are missing out on the Chinese boom have caused soul-searching in Europe about "competitiveness" and led to accusations of Chinese protectionism. For the first 15 members to join the European Union this paper estimates the determinants of the share of each...

Am Zentrum für Evolutionäre Medizin (Anatomisches Institut) und am Institut für Volkswirtschaftslehre der Universität Zürich werden seit einigen Jahren die historischen und modernen medizinischen Daten der Aushebungen in der Schweiz und in Deutschland untersucht. Anthropometrische Daten der Rekrutierung bieten die Möglichkeit, in repräsentativer Betrachtung Jahr für Jahr das...

In this paper, we estimate the impact on local household livelihoods of the Natural Forest Protection Programme (NFPP), the largest logging ban programme in the world that aims to protect watershed and conserve natural forests. In doing so we use a series of policy evaluation micro-econometric techniques to assess the impacts of the NFPP on two interrelated facets of household...

Presentation at the conference on "Power and Justice in the Contemporary World-Economy"