infonet-economy

Facial emotions express our internal states and are fundamental in social interactions. Here we explore whether the repetition of unattended facial emotions builds up a predictive representation of frequently encountered emotions in the visual system. Participants (n = 24) were presented peripherally with facial stimuli expressing emotions while they performed a visual detection task...

A two-country model is developed in this paper to examine the implications of fiscal competition in public education expenditure under international mobility of high-skilled labor. The authors allow for educational choice, asymmetry of countries with respect to total factor productivity, and tax base effects of migration in source and host country. As the latter may give rise to...

I present a stylized theory of regional development in which regional ‘first nature’
characteristics do not map uniquely into regional outcomes. The ‘second nature’ force
is social learning about fixed but unknown regional characteristics which can bring
about self-reinforcing regional development. The key difference from other agglomeration
economies is that...

Monetary rewards are uniquely human. Because money is easy to quantify and present visually, it is the reward of choice for most fMRI studies, even though it cannot be handed over to participants inside the scanner. A typical fMRI study requires hundreds of trials and thus small amounts of monetary rewards per trial (e.g. 5p) if all trials are to be treated equally. However, small...

We analyse the increasing engagement of business in the creation and application of self-regulatory standards in the area of human rights in the light of an emerging framework of transnational human rights initiatives. The voluntariness of most of these approaches leads to problems that are characteristic of organizational self-regulation initiatives. Our analysis will show that...

For loss averse investors, a sequence of risky investments looks less attractive if it is evaluated myopically—an effect called myopic loss aversion (MLA). The consequences of this effect have been confirmed in several experiments and its robustness is largely undisputed. The effect’s causes, however, have not been thoroughly examined with regard to one important aspect. Due to the...

In this paper we examine the effects of default and scarcity of collateralizable durable goods on risk-sharing. We assume that there is a large set of assets which all
promise a risk-less payo but which distinguish themselves by the collateral requirement. In equilibrium agents default and the assets have dierent payoffs. Assets with very low collateral requirements can be...

The concern of this international mathematical journal is to disseminate theoretical knowledge in the field of Convex Analysis and, at the same time, cultivate and extend its applications. In this sense it publishes research articles touching the areas of Calculus of Variations, Control Theory, Measure Theory, Functional Analysis, Differential Equations, Integral Equations,...

This paper proposes a novel measure of economic uncertainty based on the frequency of internet searches. The theoretical motivation is offered by findings in economic psychology that agents respond to increased uncertainty by intensifying their information search. The main advantages of using internet searches are broad reach, timeliness and the fact that they reflect actions, rather...