Search Results - isPartOf:"JENA ECONOMIC RESEARCH PAPERS"

Thinking in Chinese vs. thinking in English : Social preference and risk attitudes of multicultural minds

Li, King King - 2010

This paper investigates whether language priming activates different cultural identities and norms associated with the language communicated; bilingual subjects are given Chinese instructions in the Chinese treatment and English instructions in the English treatment. The main findings are: (1) in...

Persistent link: https://www.econbiz.de/10010286480

Why consumers pay voluntarily: Evidence from online music

Regner, Tobias - 2010

Customers at the online music label Magnatune can pay what they want for albums, as long as the payment is within a given price range ($5-$18). Magnatune recommends to pay $8, and on average customers paid $8.20 (Regner and Barria, 2009). We ran an online survey and collected responses from 227...

Persistent link: https://www.econbiz.de/10010286483

Causal inference by independent component analysis with applications to micro- and macroeconomic data

Moneta, Alessio; Entner, Doris; Hoyer, Patrik; Coad, … - 2010

Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...

Persistent link: https://www.econbiz.de/10003966642

The regional dimension of sectoral innovativeness : an empirical investigation of two specialised supplier and two science-based industries

Bürger, Matthias; Cantner, Uwe - 2010

The aim of this paper is to test how geographical and technological proximity relate to a particular industry’s innovative output. Two mechanisms are therefore tested, i.e. agglomeration economies and the regional exploitation of technological proximity. A new dataset is applied, which...

Persistent link: https://www.econbiz.de/10003966645

Systemic risk in a network model of interbank markets with central bank activity

Georg, Co-Pierre; Poschmann, Jenny - 2010

The breakdown of the interbank money markets in the face of the recent financial crisis has forced central banks and governments to take extraordinary measures to sustain financial stability. In this paper we investigate which influence central bank activity has on interbank markets. In our...

Persistent link: https://www.econbiz.de/10003971540

Quality competition or quality cooperation? : license-type and the strategic nature of open source vs. closed source business models

Engelhardt, Sebastian von - 2010

In the ICT sector, product-software is an important factor for the quality of the products (e.g. cell phones). In this context, open source software enables firms to avoid quality competition as they can cooperate on quality without an explicit contract. The economics of open source (OS) versus...

Persistent link: https://www.econbiz.de/10003971543

A bivariate ordered probit estimator with mixed effects

Buscha, Franz; Conte, Anna - 2010

JENA ECONOMIC RESEARCH PAPERS # 2009 – 103 A Bivariate Ordered Probit Estimator with Mixed Effects … by Franz Buscha Anna Conte www.jenecon.de ISSN 1864-7057 The JENA ECONOMIC RESEARCH PAPERS is a … materials containing STATA code to implement our estimator are available online Jena Economic Research Papers 2009 - 103 2 …

Persistent link: https://www.econbiz.de/10003924208

Imperfect recall and time inconsistencies : an experimental test of the absentminded driver “paradox”

Levati, M. Vittoria; Uhl, Matthias; Zultan, Ro'i - 2010

Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...

Persistent link: https://www.econbiz.de/10003980493

What renders financial advisors less treacherous? : on commissions and reciprocity

Angelova, Vera - 2010

An advisor is supposed to recommend a financial product in the best interest of her client. However, the best product for the client may not always be the product yielding the highest commission (paid by product providers) to the advisor. Do advisors nevertheless provide truthful advice? If not,...

Persistent link: https://www.econbiz.de/10003980494

Unraveling fairness in simple games? : the role of empathy and theory of mind

Artinger, Florian; Exadaktylos, Filippos; Koppel, Hannes; … - 2010

Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...

Persistent link: https://www.econbiz.de/10003980496