Showing 1 - 10 of 16
. Perceived educational returns, economic preferences ("consumerism") and sociopolitical attitudes ("individualism") adapt quickly …
Persistent link: https://www.econbiz.de/10012597497
, the reduction of the length of the first cycle of studies to three years, in several continental European countries where …
Persistent link: https://www.econbiz.de/10005822626
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010319432
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …
Persistent link: https://www.econbiz.de/10010262480
Higher education, like any other commodity or service, has been viewed in a variety of economic frameworks. Little of … authors spell out the key economic dimensions of a market, and illustrate their relevance for research that seeks to analyze … the players and policies in the many distinct domestic and international markets that exist for the inputs and outputs of …
Persistent link: https://www.econbiz.de/10010269207
Market completeness has important implications for household behavior. I firmly reject complete markets for …
Persistent link: https://www.econbiz.de/10012322481
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare …. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact …, competitive pressure on markets may create strong incentives for unethical practices (like using child labor) to increase …
Persistent link: https://www.econbiz.de/10011525036
-benefit considerations affect the acceptance of morally controversial transactions, and imply that trial studies of the effects of payments …
Persistent link: https://www.econbiz.de/10011559615
We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of assets in a market context. Teams of traders learn the task's...
Persistent link: https://www.econbiz.de/10010285427
Friedman (1962) suggested that in general, unfettered markets ensure the efficient provision of goods and services … to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …
Persistent link: https://www.econbiz.de/10010291369