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Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2021

regularities by developing a new firmbased trade model wherein managers are risk averse. Higher volatility induces the reallocation …

Persistent link: https://www.econbiz.de/10013315484

Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases

Graves, Philip E. - CESifo - 2010

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

Persistent link: https://www.econbiz.de/10008511597

Central Bank Boards around the World: Why does Membership Size Differ?

Berger, Helge; Nitsch, Volker; Lybek, Tonny - CESifo - 2007

This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board’s size. The empirical relevance of these factors is...

Persistent link: https://www.econbiz.de/10005181616

A Note on the Design of Experiments Involving Public Goods

Graves, Philip E. - CESifo - 2010

Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...

Persistent link: https://www.econbiz.de/10008671727

Error Prone Inference from Response Time : The Case of Intuitive Generosity

Recalde, Maria P. - 2017

Research on public-good games reveals greater contributions by fast decision-makers than by slow decision-makers. Interpreting greater contributions as generosity, this is seen as evidence of generosity being intuitive. We caution that mistakes may lead to the observed comparative static....

Persistent link: https://www.econbiz.de/10012972651

Monetary Policy Analysis When Planning Horizons are Finite

Woodford, Michael - 2018

It is common to analyze the effects of alternative monetary policy commitments under the assumption of fully model-consistent expectations. This implicitly assumes unrealistic cognitive abilities on the part of economic decision makers. The relevant question, however, is not whether the...

Persistent link: https://www.econbiz.de/10012913194

Attribution Bias in Major Decisions : Evidence from the United States Military Academy

Haggag, Kareem - 2018

Using administrative data, we study the role of attribution bias in a high-stakes, consequential decision: the choice of a college major. Specifically, we examine the influence of fatigue experienced during exposure to a general education course on whether students choose the major corresponding...

Persistent link: https://www.econbiz.de/10012914680

A Market for Connections

Miettinen, Topi - 2012

Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...

Persistent link: https://www.econbiz.de/10013106547

Market Access through Bound Tariffs

Sala, Davide - 2009

question relates to the effects of tariff bindings on the risk that exporters face in destination markets. The present paper … formalizes the underlying interaction of risk, fixed export costs and firms' market entry decisions based on techniques known … trade. We find that bound tariffs are more effective with higher risk destination markets, that a large binding overhang may …

Persistent link: https://www.econbiz.de/10013153424

Individual and Developmental Differences in the Relationship of Preferences and Theory of Mind

Leipold, Kristina - 2013

Theory of mind and individual preferences are important determinants in social decision making. The current study examined in a large sample whether being a cooperative preference type is related with better theory of mind skills. Furthermore, by testing adolescents and adults, we examined the...

Persistent link: https://www.econbiz.de/10013088226