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Is fairness blind? The effect of framing on preferences for effort-sharing rules

Carlsson, Fredrik; Kataria, Mitesh; Lampi, Elina; … - 2010

By using a choice experiment, this paper focuses on citizens' preferences for effort-sharing rules of how carbon abatement should be shared among countries. We find that Swedes do not rank the rule favoring their own country highest. Instead, they prefer the rule where all countries are allowed...

Persistent link: https://www.econbiz.de/10010267104

What money buys: Clients of street sex workers in the U.S.

Della Giusta, Marina; DiTommaso, Maria Laura; Shima, Isilda - 2006

An econometric model that explores the effect of personal characteristics and attitudes of clients on their demand for prostitution is estimated on data from a survey of clients of street sex workers in the US. The results reveal that clients of street sex workers in our sample have two...

Persistent link: https://www.econbiz.de/10010284250

Endangering the natural basis of life is unjust. On the status and future of the sustainability discourse

Becker, Christian; Ewringmann, Dieter; Faber, Malte; … - 2012

backdrop of considerations about the meaning of justice in the context of sustainability. We argue that the preservation of the … natural basis of life is by itself a requirement of justice. However, the crucial role of the ecological dimension of … sustainability has been neglected due to a problematic interpretation of the economic dimension, a limited understanding of justice …

Persistent link: https://www.econbiz.de/10011422233

Visualizing exploratory factor analysis models

Klinke, Sigbert; Wagner, Cornelia - 2008

Exploratory factor analysis (EFA) is an important tool in data analyses, particularly in social science. Usually four steps are carried out which contain an large number of options. One important option is the number of factors and the association of variables with a factor. Our tools aim to...

Persistent link: https://www.econbiz.de/10010263716

A note on the model selection risk for ANOVA based adaptive forecasting of the EURIBOR swap term structure

Blaskowitz, Oliver J.; Herwartz, Helmut - 2008

The paper proposes a data driven adaptive model selection strategy. The selection crite- rion measures economic exante forecasting content by means of trading implied cash flows. Empirical evidence suggests that the proposed strategy is neither exposed to selection bias nor to the risk of...

Persistent link: https://www.econbiz.de/10010271837

A solution to the problem of too many instruments in dynamic panel data GMM

Mehrhoff, Jens - 2009

The well-known problem of too many instruments in dynamic panel data GMM is dealt with in detail in Roodman (2009, Oxford Bull. Econ. Statist.). The present paper goes one step further by providing a solution to this problem: factorisation of the standard instrument set is shown to be a valid...

Persistent link: https://www.econbiz.de/10010299478

A solution to the problem of too many instruments in dynamic panel data GMM

Mehrhoff, Jens - 2009

Persistent link: https://www.econbiz.de/10010300222

Factor analysis in a New-Keynesian model

Beyer, Andreas; Farmer, Roger E. A.; Henry, Jérôme; … - 2005

New-Keynesian models are characterized by the presence of expectations as explanatory variables. To use these models for policy evaluation, the econometrician must estimate the parameters of expectation terms. Standard estimation methods have several drawbacks, including possible lack of...

Persistent link: https://www.econbiz.de/10011604556

Generalized Measurement Invariance Tests with Application to Factor Analysis

Merkle, Edgar C.; Zeileis, Achim - 2011

The issue of measurement invariance commonly arises in factor-analytic contexts, with methods for assessment including likelihood ratio tests, Lagrange multiplier tests, and Wald tests. These tests all require advance definition of the number of groups, group membership, and offending model...

Persistent link: https://www.econbiz.de/10010294761

Shall we kill or enslave Caesar? Analyzing the Caesar model

Jasso, Guillermina - 2008

paper presents a model of killing versus enslaving Caesar, based on a new theory which unifies justice, status, and power … of societies - justice-nonmaterialistic, status, and power-nonmaterialistic. Results cover members' gains, effects of own … killed only in a justice-nonmaterialistic society, and from the noblest of motives - to achieve equal gains for members. …

Persistent link: https://www.econbiz.de/10010268571