We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers' previous place of...

We demonstrate the existence of an intergenerational equity-efficiency tradeoff in policy-making that aims at Pareto-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics of sustainability problems and policy: (i)...

This study tests whether the KombiFiD sample can be regarded as a high quality data set for empirical research on enterprises from manufacturing industries. It performs an empirical investigation using the original data in a first step and replicates exactly this investigation using the KombiFiD...

This paper takes a labor supply perspective (neoclassical labor supply, job search) to explain the lower employment rates of older workers and women. The basic rationale is that workers choose non-employed if their reservation wages are larger than the offered wages. Whereas the offered wages...

Many previous experiments document that behavior in multi-person settings responds to the name of the game and the labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game study, we investigate whether social framing effects...

Especially structured finance instruments were blamed as main reason for the financial crisis 2007, but the understanding for the motivation to originate securitization products is less discovered. Therefor this paper tries to identify main balance sheet characteristics of structured finance...

We argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the opportunity set of politics with respect to the two...

First official data on enterprise groups and foreign majority ownership for Germany became available recently. The new firm‐level information is linked to core German structural business statistics, the URS, and therefore offers a wide variety of new research possibilities in fields that often...

This paper documents for the first time the relationship between profitability and three types of international trade activities - exports, imports and two-way trade. It uses unique new representative data for manufacturing enterprises from Germany, one of the leading actors on the world market...

This study presents the first investigation into the performance of foreign - controlled enterprises in German manufacturing based on new micro - data from official statistics. A comprehensive set of performance variables was examined not only by comparing unconditional mean values but also by...