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The term structure of interest rates when the growth rate is unobservable
Riedel, Frank - 1997
The effect of incomplete information on the term structure of interest rates is examined in the framework of a pure exchange economy under uncertainty. When the growth rate of the aggregate endowment is known, the term structure is flat and deterministic. When agents do not observe the...
Persistent link: https://www.econbiz.de/10009659628
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Dynamic decision structure and risk taking
Eichberger, Jürgen; Güth, Werner; Müller, Wieland - 1999
This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on...
Persistent link: https://www.econbiz.de/10009582412
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Transitional dynamics in the Uzawa-Lucas model of endogenous growth
Bethmann, Dirk (contributor); Reiß, Markus (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001919298
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Notes on an endogenous growth model with two capital stocks i : the deterministic case
Bethmann, Dirk - 2002
This paper extends the class of AK models with an explicit solution to the case where there are two capital goods in the model. this extension holds, even if an external effect in the use of human capital in goods production ia assumed.
Persistent link: https://www.econbiz.de/10009626676
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Fragmentation, globalization and labor markets
Burda, Michael C.; Dluhosch, Barbara - 2001 - Rev.
Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...
Persistent link: https://www.econbiz.de/10009614300
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Presents or investments? : an experimental analysis
Genîzî, Ûrî; Güth, Werner; Verboven, Frank - 1998
.’s investment game by introducing an upper bound to what a contributor can be repaid afterwards. By varying this upper bound …
Persistent link: https://www.econbiz.de/10009578011
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Neoclassical convergence versus technological catch-up : a contribution for reaching a consensus
Desdoigts, Alain - 2000
evidence suggests that the high social returns to investment in equipment (as opposed to structure) reflect technology transfer …
Persistent link: https://www.econbiz.de/10009583880
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Beyond "manucentrism" : some fresh facts about job and worker flows
Bingley, Paul; Eriksson, Tor; Werwatz, Axel; … - 1999
This paper gives a comprehensive picture of job and worker flows for the entire Danish economy. We exploit a unique central administrative register encompassing all employees of all workplaces across all sectors throughout two business cycles. This enables us to broaden the focus of the previous...
Persistent link: https://www.econbiz.de/10009581098
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Marginal employment - a dead end? : a survival analysis based on West German spelldata
Kolb, Jürgen; Werwatz, Axel - 2000
Persistent link: https://www.econbiz.de/10009612042
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Trust and reciprocity in the investment game with indirect reward
Güth, Werner; Königstein, Manfred; Marchand, Nadège; … - 2000
contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who … receives the investment is the one who may reward the investor. This is a direct reward game. Similar to Dufwenberg et al … investor may only be rewarded by a third person who did not receive his investment. Furthermore we investigate the influence of …
Persistent link: https://www.econbiz.de/10009612013