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Debt, Inflation and Growth - Robust Estimation of Long-Run Effects in Dynamic Panel Data Models

Chudik, Alexander - 2013

This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both theoretical and empirical. On the theoretical side, we develop a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in dynamic...

Persistent link: https://www.econbiz.de/10013071384

Robust Mechanism Design and Social Preferences

Bierbrauer, Felix - 2014

We study a classic mechanism design problem: How to organize trade between two privately informed parties. We characterize an optimal mechanism under selfish preferences and present experimental evidence that, under such a mechanism, a non-negligible fraction of individuals deviates from the...

Persistent link: https://www.econbiz.de/10013055380

Discrete Adjustment to a Changing Environment : Experimental Evidence

Khaw, Mel - 2017

We conduct a laboratory experiment to shed light on the cognitive limitations that may affect the way decision makers …

Persistent link: https://www.econbiz.de/10012963774

Complex Tax Incentives - An Experimental Investigation

Abeler, Johannes - 2013

How does tax complexity affect people's reaction to tax changes? To answer this question, we conduct an experiment in …

Persistent link: https://www.econbiz.de/10013082004

Teams Punish Less

Auerswald, Heike - 2013

punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …

Persistent link: https://www.econbiz.de/10013075136

The Intrinsic Value of Decision Rights

Bartling, Björn; Fehr, Ernst; Herz, Holger - 2021

Philosophers, psychologists, and economists have long argued that certain decision rights carry not only instrumental value but may also be valuable for their own sake. The ideas of autonomy, freedom, and liberty derive their intuitive appeal – at least partly – from an assumed positive...

Persistent link: https://www.econbiz.de/10013315775

A Theory of Experimenters

Banerjee, Abhijit V. - 2017

This paper proposes a decision-theoretic framework for experiment design. We model experimenters as ambiguity …-averse decision-makers, who make trade-offs between subjective expected performance and robustness. This framework accounts for … sample size is large enough or robustness is an important concern. We illustrate the practical value of such a framework by …

Persistent link: https://www.econbiz.de/10012944972

Deception Under Time Pressure : Conscious Decision or a Problem of Awareness?

Konrad, Kai A. - 2017

experiment of self-serving deceptive behavior which combines two exogenously varied levels of reflection time with a cognition …

Persistent link: https://www.econbiz.de/10012945055

Robust Implementation of a Parsimonious Dynamic Factor Model to Nowcast GDP

Duarte, Pablo - 2014

robustness of these variables in the sense of extreme bounds analysis. Accordingly selected indicators are used in an approximate …

Persistent link: https://www.econbiz.de/10013059505

Public Good Provision with Robust Decision Making

Angelopulos, Kōnstantinos; Oikonomidēs, Geōrgios; … - 2021

In this paper, we study a two-country dynamic setup with environmental externalities and potential model mis-specification in relation to this public good. Under model uncertainty, robust policies help to correct the inefficiencies associated with free riding on public good provision, implying...

Persistent link: https://www.econbiz.de/10013315838