Showing 1 - 10 of 254
Econometric evaluations of public-sponsored training programmes generally find littleevidence of an impact of such policies on transition rates out of unemployment. We performthe first evaluation of training effects for the unemployed adults in France, exploiting a uniquelongitudinal dataset...
Persistent link: https://www.econbiz.de/10005861168
In this paper we estimate and empirically test different behavioral theories of consumer reference price formation. Two major theories are proposed to model the reference price reaction: assimilation contrast theory and prospect theory. We assume that different consumer segments will use...
Persistent link: https://www.econbiz.de/10005861848
We present a dynamic general equilibrium model with agency costs, where heterogeneous firms choose among two alternative instruments of external finance - corporate bonds and bank loans. We characterize the financing choice of firms and the endogenous financial structure of the economy. The...
Persistent link: https://www.econbiz.de/10005861883
The background for the general mathematical link between utility and informationtheory investigated in this paper is a simple financial market model with two kinds of small traders: less informed traders and insiders, whose extra information is represented by an enlargement of the other agents...
Persistent link: https://www.econbiz.de/10005861994
We estimate wage and job tenure functions that include individual and firm effects capturingtime-invariant unobserved worker and firm heterogeneity using German linked employeremployeedata (LIAB data set)...
Persistent link: https://www.econbiz.de/10005863112
Diese Arbeit analysiert die Verteilung von technischer Effizienz innerhalb von Branchen des Verarbeitenden Gewerbes. Die technische Effizienz wird als fir-menspezifischer fixer Effekt im Rahmen einer deterministischen Frontier-Pro-duktionsfunktion ermittelt. Als Grundlage hierfür dienen Angaben...
Persistent link: https://www.econbiz.de/10005864349
We present a model that explains how a cluster moves through a life cycle and why this movement differs from the industry life cycle. The model is based on three key processes: the changing heterogeneity in the cluster describes the movement of the cluster through the life cycle; the geographical...
Persistent link: https://www.econbiz.de/10005864517
Most research on the performance and risk of hedge funds are based on calculations that justuse the data from one index provider. Also most product providers and even more and moreinvestors are using hedge fund indices for benchmarking purposes. As some academic articlespointed out, the world of...
Persistent link: https://www.econbiz.de/10005865741
I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining heterogeneity in performance. Using a forecasting task with varying cognitive load, I show that the effectiveness of high-powered financial incentives as a stimulator of...
Persistent link: https://www.econbiz.de/10005866579
Im Folgenden wird der Versuch unternommen, Überlegungen zu einer entsprechendenTheorie der Nachhaltigkeit zu entwickeln auf der Grundlage des Ansatzes der Interaktionsökonomik.Dieser Ansatz spitzt das Problem der Nachhaltigkeit systematisch im Hinblickdarauf zu, unter welchen Bedingungen...
Persistent link: https://www.econbiz.de/10005867569