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Intuitive optimizing for time allocation decisions in newly formed ventures
Lévesque, Moren; Schade, Christian D. - 2002
This article investigates whether decision makers intuitively optimize close to the normative prediction in entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed venture. We offer an analytical model based on maximizing expected utility, and...
Persistent link: https://www.econbiz.de/10009621420
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Tax clientele effects in the German bond market
Stehle, Richard; Jaschke, Stefan R.; Wernicke, S. - 1998
; duality theory ; term structure of interest rates ; smoothing splines ; tax clientele ; arbitrage bounds …
Persistent link: https://www.econbiz.de/10009574878
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The determinants of health care expenditure : testing pooling restrictions in small samples
Herwartz, Helmut; Theilen, Bernd - 2000
necessity to contain the increase in health care expenditure has motivated the Analysis of its determinants to explain … differences across countries and health systems. However, recent studies have questioned the use of cross~section data arguing … that health systems are too different to allow for such comparisons. In this paper we investigate whether this criticism is …
Persistent link: https://www.econbiz.de/10009612045
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Inside the black box of temporary help agencies
Kvasnicka, Michael (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001917018
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Semiparametric three step estimation methods in labor supply models
Fernández Álvarez, Ana Isabel; Rodríguez Poo, Juan Manuel - 1998
The aim of this paper is to provide an alternative way of specification and estimation of a labor supply model. The proposed estimation procedure can be included in the so called predicted wage methods and its main interest is twofold. First, under standard assumptions in studies of labor...
Persistent link: https://www.econbiz.de/10009578581
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Sources of German unemployment : a structural vector error correction analysis
Brüggemann, Ralf - 2001
In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM) framework. For this purpose, we propose a method to estimate an exactly identified Subset SVECM, which is a SVECM with short run parameter restrictions. A cointegration analysis...
Persistent link: https://www.econbiz.de/10009613616
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Information cascades on the labor market
Kübler, Dorothea; Weizsäcker, Georg - 2001
A model of herding behavior on the labor market is discussed where employers only receive signals with limited precision about the workers' types, but can observe previous employers' decisions. In particular, we study a situation where the employer and the worker can influence the signal...
Persistent link: https://www.econbiz.de/10009616781
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Implementing efficient market structure
Grimm, Veronika; Riedel, Frank; Wolfstetter, Elmar - 2000
This article studies the design of optimal mechanisms to regulate entry in natural oligopoly markets, assuming the regulator is unable to control the behavior of firms once they are in the market. We adapt the Clarke-Groves mechanism, characterize the optimal mechanism that maximizes the...
Persistent link: https://www.econbiz.de/10009583432
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Heuristics as decision rules : Part I: the single consumer
Güth, Werner; Neuefeind, Wilhelm - 2001
Many consumption prices are highly volatile. It would certainly overburden our cognitive system to fully adjust to all these changes. Households therefore often rely on simple heuristics when deciding what to consume, e.g. in the form of a constant budget share for a specific consumption...
Persistent link: https://www.econbiz.de/10009612561
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Self-rated and changes in self-rated health as predictors of mortality : first evidence from german panel data
Schwarze, Johannes; Andersen, Hanfried H.; Anger, Silke - 2002
Background: Studies from several countries have shown that self-rated health is an independent predictor of mortality …. However, no empirical evidence exists for Germany so far. We investigate the effectiveness of (i) self-ratings of health by … individuals and (ii) changes in self-rated health, as predictors of mortality for Germany. Methods: A sub-sample of 3 …
Persistent link: https://www.econbiz.de/10009626677