Showing 51 - 60 of 317
Using insights from ‘embodied cognition’ and a resulting ‘cognitive theory of the firm’, I aim to contribute to the further development of evolutionary theory of organizations, in the specification of organizations as ‘interactors’ that carry organizational competencies as...
Persistent link: https://www.econbiz.de/10011091884
This paper traces the 11,000 year evolution of infrastructure systems during major periods of innovation, expansion and …
Persistent link: https://www.econbiz.de/10011082831
We consider firms and multi-member households operating in a competitive market environment. Households are endowed with resources (commodity bundles) and shares of firm ownership. Household members are characterized by individual preferences, possibly with intra-household consumption...
Persistent link: https://www.econbiz.de/10009371337
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...
Persistent link: https://www.econbiz.de/10008727306
care provided to their parents and education expenditures for their children. The young enjoy their education, while the … old may leave a bequest to their children. Within each period the three generations play a “game” inspired by Becker … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the …
Persistent link: https://www.econbiz.de/10010790169
This paper studies the design of couples’ income taxation. Consumption and labor supply decisions within the couple are made by maximizing a weighted sum of the spouses’ utilities; bargaining weights are given but specific to each couple. The information structure and labor supply decisions...
Persistent link: https://www.econbiz.de/10011165508
Abstract: In the tradition of Afriat (1967), Diewert (1973) and Varian (1982), we provide a revealed preference characterisation of the representative consumer. Our results are simple and complement those of Gorman (1953, 1961), Samuelson (1956) and others. They can also be applied to data very...
Persistent link: https://www.econbiz.de/10011091961
We examine the physical and mental health effects of providing care to an elderly mother on the adult child caregiver. We address the endogeneity of the selection in and out of caregiving using an instrumental variable approach, and carefully control for baseline health and work status of the...
Persistent link: https://www.econbiz.de/10011092031
People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...
Persistent link: https://www.econbiz.de/10011092398
Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric model is estimated, observations are selected in such a way that the resulting subset of data can be assumed to be sufficiently homogeneous with respect to the specific research...
Persistent link: https://www.econbiz.de/10011096357