infonet-economy

This paper examines the relationship between the composition of exporters' currency pricing portfolio - number and value of product sales in different currencies at a destination - and their success in trade as measured by continuing to their exporting activity. Detailed investigation of currency choice data of Russian exporters between 2005-2009 shows that many exporters use...

In this paper we assess the quality and coherence of the use of economics in dispute settlement in two fields of international economic law: international trade and international investment law. We argue that four economic concepts are frequently used and/or of critical importance for both international trade and investment law. Those concepts are the concepts of “likeness”/”like...

Billige Importe aus China haben in den USA zu einem gewaltigen Verlust an Jobs in der Industrie geführt, sagt der Zürcher Ökonom David Dorn. Die Betroffenen wählten häufig weit rechts oder weit links.

We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially households. It is sensitive to the interest rate differential, exchange rate developments,...

Der technische Fortschritt vernichtet Arbeitsplätze und schafft neue. Über die Entwicklung der Arbeitswelt sprachen Roger Nickl und Thomas Gull mit der Historikerin Brigitta Bernet und dem Ökonomen David Dorn.

Behavioral robustness is essential in mechanism design. Existing papers focus on robustness as captured by dominant strategies. This paper studies the novel concept of externality-robustness, which addresses players' motives to affect other players' monetary payoffs. One example is externalities due to spite, which has been used to explain overbidding in second-price...

Many recent studies point to increasing inequality in mortality in the United States over the past 20 years. These studies often use mortality rates in middle and old age. We used poverty level rankings of groups of U.S. counties as a basis for analyzing inequality in mortality for all age groups in 1990, 2000, and 2010. Consistent with previous studies, we found increasing...

Does information processing affect individual risk-taking behaviour? This article provides evidence that professional athletes suffer from a left-digit bias when dealing with signals about differences in performance. Using data from the highly competitive field of World Cup alpine skiing for the period of 1992–2014, we show that athletes misinterpret actual differences in race times...

Structural models for forward electricity prices are of great relevance nowadays, given the major structural changes in the market due to the increase of renewable energy in the production mix. In this study, we aim at understanding the dynamics of the risk premium (the drift in the dynamics) and the noise (non-Gaussian, stochastic volatility) in futures prices for electricity. We...