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'public finance', 'political economy', 'growth theory', 'human capital theory', and 'innovation-driven growth theory …'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a …
Persistent link: https://www.econbiz.de/10009475316
risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …
Persistent link: https://www.econbiz.de/10009468391
of the commons.' This dissertation combines the tools of game theory and experimental methods to gain a broader … conducted. A distinction is made between two types of appropriation externalities: those that are restricted to a single period …
Persistent link: https://www.econbiz.de/10009468337
externalities, however, efficiency may no longer be guaranteed.This dissertation shows that a modification of Ausubel & Milgrom … presence of externalities, the resulting auction possessesan efficient Nash equilibrium in pure strategies leading to a core … strategy. The auction is augmented to includeexplicitly the auctioneer's preferences over final outcomes. Externalities …
Persistent link: https://www.econbiz.de/10009450582
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
My philosophical case study concerns textbook presentations of the theory of demand. Does this theory contain anything …. But then, the theory implies false factual claims. We can avoid this result by embracing the theory’s normative character … of physics by Oliver Timmer. Applying his ideas to the theory of demand reveals that the statements of this discipline …
Persistent link: https://www.econbiz.de/10009467037
A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple,...
Persistent link: https://www.econbiz.de/10009477025
Ausgehend von der Feststellung, dass die Nutzenwahrnehmung durch den Konsumenten eine maßgebliche Größe zur Erklärung seines Konsumverhaltens ist, ist es Ziel dieser Arbeit, einen Markenführungsansatz zu entwickeln, welcher die Nutzendimensionen als Ankerpunkt für die Priorisierung von...
Persistent link: https://www.econbiz.de/10009454910