infonet-economy

We construct a tractable model of divisible money and equilibrium heterogeneity in money balances and prices. We do so by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple units of indivisible 'tokens'. By studying a simple trading pattern, we can generate monetary distributions that match those observed in...

In a recent paper Engelmann and Strobl claim that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is far more important than inequity aversion. Here we show that the relevance of the efficiency motive is largely restricted to students of economics and business administration. Students from other disciplines, adult academics from...

Thisarticlefocusesonthepoliticalclaimsmadebyimmigrantsandethnicminori- ties in France and Switzerland. We look at cross-national variations in the overall presence of immigrants and ethnic minorities in the national public space, and the forms and content of their claims. Following a political opportunity approach, we argue that claim-making is affected both by institutional...

Administrative data of the unemployment insurance system in Switzerland have been made available by the Swiss State Secretariat for Economic Affairs (seco) for specific research purposes. They contain rich information about unemployed and job seekers. The records are linked to social security data. The combination of the two sources leads to a very rich database. This paper describes...

Structural equation models have been around for now a long time. They are intensively used to analyze data from di.erent fields such as psychology, social sciences, economics, management, etc. Their estimation can be performed using standard statistical packages such as LISREL. However, these implementations su.er from an important drawback: they are not suited for cases in which the...

This paper proposes a robust estimator for a general class of linear latent variable models (GLLVM) (Moustaki and Knott 2000, Bartholomew and Knott 1999). It is based on a weighted score function that is simple to implement numerically and is made consistent using the basic idea of indirect inference. The need of a robust estimator for these models is motivated by the study of the...

Handelsleistungen werden immer komplexer und austauschbar. Die Angebotsfülle verwirrt und überfordert die Käufer. ""Consumer Confusion"" macht sich breit. Die Folge: sinkender Umsatz bei den Anbietern. Die Autoren beschreiben, wie sich mit dem von ihnen entwickelten Consumer Confusion Radar konkrete Ursachen dieser "Käuferverwirrung" identifizieren...