This paper combines the recent garne theoretic approach of endogenous timing of entry to herding models with a rnacroeconornic model of investrnent cycles. The integrated description embodies the qualitative resuits of the rnyopic herding model in a medium run investment objective of smooth ing...

This study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex-ante input factors, we use pre-seasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex-post pecuniary...

This article discusses the ranking results by Keil and Huber (2004) and re-examines the publication activity of research institutes in the German-speaking area for the period 1989-2003. Placing special emphasis on the national visibility of the output measured by means of bibliometric methods as...

The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG model that is calibrated with regard to the characteristics of the US economy. Poor agents accumulate savings predominantly in the form of money, while rich agents participate in...

This paper analyzes business cycle characteristics for a sample of eleven European, Middle East, and North African (MENA) economies in the Mediterranean region. Our frequency domain approach allows for the estimation of time-dependent spectral measures for different ranges of potential cycle...

This paper tests the hypothesis that a nation’s hosting of a mega-sporting event is an experience good for its residents. Applying data from an ex-ante and ex-post query based on contingent valuation methods, we use the Soccer World Cup 2006 as a natural experiment. The significant ex-post...

This paper investigates whether a nation’s contingent value of hosting a mega-event depends on past experience with implied public goods benefits for its residents. Applying data from an ex-ante and ex-post query based on contingent valuation methods, we use the FIFA World Cup 2006 as a...

This paper analyzes and quantifies the intangible benefits for the German population resultant from Germany’s hosting of the FIFA Soccer World Cup 2006. We compare this legacy of Franz Beckenbauer with welfare effects generated by athletic success of the German national squad, labelled...