Showing 1 - 10 of 293
Exploiting the natural experiment of German reunification, we study whether having experienced socialism has an …
Persistent link: https://www.econbiz.de/10010328877
In the various fields of creative, cultural, and artistic production, there exists a competitive struggle amongst creators of innovative works or ideas to persuade agents in the field to accept and value the new work. This is a significant challenge since cultural innovators do not produce in...
Persistent link: https://www.econbiz.de/10013359369
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...
Persistent link: https://www.econbiz.de/10010316875
We discuss the two-way link between culture and economic growth. We present a model of endogenous technical change where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that affect the steepness of the lifetime consumption profile....
Persistent link: https://www.econbiz.de/10010319500
In this article we study the implication of thresholds in preferences. To model this we extend the basic model of John and Pecchenino (1994) by allowing the current level of environmental quality to have a discrete impact on how an agent trades o ff future consumption and environmental quality....
Persistent link: https://www.econbiz.de/10010319992
We investigate how exposure to large-scale farms affects smallholders’ competitive behavior. Based on lab-in-the-field experimental measures covering more than 900 smallholders and 400 children in Zambia, we find that smallholders who are traditionally dependent on subsistence agriculture...
Persistent link: https://www.econbiz.de/10015051384
The British Industrial Revolution triggered a reversal in the social order whereby the landed elite was replaced by industrial capitalists rising from the middle classes as the economically dominant group. Many observers have linked this transformation to the contrast in values between a...
Persistent link: https://www.econbiz.de/10010263698
In recent economic literature, there has been an increasing interest in modelling preferences as endogenous. Some arguments go along the lines that institutions shape preferences. This paper suggests that adopting a more substantive concept of preferences furthers our understanding of how they...
Persistent link: https://www.econbiz.de/10010266755
Economic change, while creating innovation and growth, at the same time generates gales of creative destruction. It is still largely unclear what this concept implies for the task of assessing welfare (and, correspondingly, the need for and scope of policy-making) in a novelty-generating,...
Persistent link: https://www.econbiz.de/10010267134
Based on the cultural formation of continuous preferences framework of Pichler [16], this paper analyzes the evolution of preferences and behavior in a two cultural groups setting. We show that the qualitative dynamic properties depend crucially on what parents perceive as the optimal...
Persistent link: https://www.econbiz.de/10010272575