infonet-economy

This paper analyzes the impact of the Austrian Regional Extended Benefit Program (REBP) on the labor market outcomes for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions. This policy change created a large-scale quasi-experimental situation from which a lot can...

Conjoint analysis is one of the most important tools to support product development, pricing and positioning decisions in management practice. For this purpose, various models have been developed. It is widely accepted that models that take consumer heterogeneity into account, outperform aggregate models in terms of hold-out tasks. The aim of our study is to investigate empirically...

Auctions are generally not efficient when the object’s expected value depends on
private and common value information. We report a series of first-price auction
experiments to measure the degree of inefficiency that occurs with financially
motivated bidders. While some subjects fall prey to the winner’s curse, they
weigh their private and common value...

A new macroeconomic equilibrium theory is presented which gives a rigorous economic foundation of the notion of employability. Employability depends on the one side on the workers' interactive abilities, but on the other side also on the skill requirements implied by the organizational environment provided by firms. It is shown that the range of abilities which is considered as...

Cet article tente d’évaluer la pertinence des théories post-nationalistes et néo- institutionnalistes pour expliquer la structuration des débats publics en Suisse ayant trait à l’immigration et aux relations ethniques. Pour sortir du débat contradictoire qui existe aujourd’hui entre les tenants de ces deux perspectives théoriques, mais surtout pour améliorer nos connaissances...

Stochastic dominance criteria are commonly used to draw welfare-theoretic inferences about comparisons of income distribution as well as ranking probability distributions in the analysis of choice under uncertainty. However, just as some measures of location and dispersion can be catastrophically sensitive to extreme values in the data it is also possible that conclusions drawn from...

In this paper robustness properties of the maximum likelihood estimator (MLE) and several robust estimators for the logistic regression model when the responses are binary are analysed. It is found that the MLE and the classical Rao's score test can be misleading in the presence of model misspecification which in the context of logistic regression means either misclassification...

Paneldaten gewinnen als Datenmaterial für empirische Studien im Bereich der Wirtschaftswissenschaften, sowie auch in vielen anderen empirisch ausgerichteten Forschungsfeldern, eine immer grössere Bedeutung. Das Papier gibt einen nichttechnischen Überblick über in der ökonometrischen Paneldatenanalyse populäre lineare und nichtlineare Modelle und diskutiert die Annahmen, unter denen...