Search Results - Business Economics

Warrant Economics, Call-Put Policy Optionsand the Fallacies of Economic Theory

Hatgioannides, John; Karanassou, Marika - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

what we call Warrant Economics forthe Free-Market Aristocracy. Warrant Economics unfolds in two symbiotic tenets … favours the top 1%, and the business concentrationeffect, which gravitates competition towards oligopolistic …/monopolistic industries, as the twosides of the Warrant Economics coin. We argue that the Warrant Economics state ofcapitalism has been …

Economic History or History of Economics?A Review Essay on Sylvia Nasar’sGrand Pursuit: The Story of Economic Genius

Ashenfelter, Orley - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

In this essay I review Sylvia Nasar’s long awaited new history of economics, Grand Pursuit. Idescribe how the book is … foibles to show they are human! I contrast the general view of the role of economics inGrand Pursuit with Robert Heilbroner …

Does the Jack of All Trades Hold the Winning Hand?:Comparing the Role of Specialized Versus GeneralSkills in the Returns to an Agricultural Degree

Artz, Georgeanne M.; Kimle, Kevin; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2011

This paper examines the roles of specialized versus general skills in explaining variation in thereturns to an agriculture degree across majors inside and outside the agricultural industry. Thefocus on returns by sector of employment is motivated by the finding that most agriculturalmajors are...

Disentangling the Demand-Enhancing Effect andTrade-Cost Effect of Technical Measures inAgricultural Trade Among OECD Countries

Xiong, Bo; Beghin, John C. - Iowa State University of Science and Technology <Ames, … - 2011

Domestic technical measures such as SPS and TBTs can enhance import demand viainformation disclosure and quality improvement, or hamper foreign export supply via imposingsizeable compliance costs, or both. The traditional gravity equation model estimates the neteffect of these measures on...

Accounting for Product Substitution in the Analysis ofFood Taxes Targeting Obesity

Miao, Zhen; Beghin, John C.; Jensen, Helen H. - Iowa State University of Science and Technology <Ames, … - 2011

We extend the existing literature on food taxes targeting obesity. We systematically incorporatethe implicit substitution between added sugars and solid fats into a comprehensive food demandsystem and evaluate the effect of taxes on sugars and fats. The approach conditions how foodand obesity...

Funding Self-Employment:The Role of Consumer Credit

Kneiding, Christoph; Kritikos, Alexander - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

overdrafts – to finance business activities. Controlling forfinancial and non-financial household variables we show that self … overdrafts areused by self-employed to finance their business as well. This indicates that interminglingconstitutes a financing … strategy when regular business loans might not be accessible... …

Affect and fairness: Dictator games under cognitive load

Schulz, Jonathan; Fischbacher, Urs; Thöni, Christian; … - Thurgauer Wirtschaftsinstitut <Kreuzlingen> - 2011

We investigate the role of affect and deliberation on social preferences. In ourlaboratory experiment subjects decide on a series of mini Dictator games while they are undervarying degrees of cognitive load. The cognitive load is intended to decrease deliberation andtherefore enhance the...

Risk Aversion or Risk Management?: How Measuresof Risk Aversion Affect Firm Entry and Firm Survival

Cho, In Soo; Orazem, Peter F. - Iowa State University of Science and Technology <Ames, … - 2011

The link between measured risk aversion and the decision to become an entrepreneur iswell established, but the link between risk preferences and entrepreneurial success is not.Standard theoretical models of occupational choice under uncertainty imply a positivecorrelation between an...

Forecasting short term yield changes using order flow: Is dealer skill a source of predictability?

Valseth, Siri - Universitetet <Stavanger> / School of Business … - 2011

This paper introduces bond market order flow as a predictor variable in term structuremodels and provides evidence that order flow has forecasting ability over and above thatof forward rates. Both in-sample and out-of-sample forecasts show that models includ-ing interdealer order flow outperform...

Price discovery in government bond markets

Valseth, Siri - Universitetet <Stavanger> / School of Business … - 2011

This paper investigates the process of price discovery in government bond markets.By using a new data set including interdealer trades, customer trades, trade types anddealer identities, the paper explores the role of dealers in the price formation processand seeks to identify their sources of...