This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both...

This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both...

Experiments involving games have two dimensions of difficulty for subjects in the laboratory. One is understanding the rules and structure of the game and the other is forming beliefs about the behavior of other players. Typically, these two dimensions cannot be disentangled as belief formation...

This study provides novel evidence on the isolated effect of carbon dioxide on cognition, economic decision-making, and the physiological response in healthy office workers. The experiment took place in an air-tight respiration chamber fully controlling the environmental conditions. In a...

Seit 1992 berichten das Deutsche Institut für Wirtschaftsforschung in Berlin, das Institut für Weltwirtschaft in Kiel und das Institut für Wirtschaftsforschung Halle im Auftrag des Bundeswirtschaftsministeriums zweimal jährlich über „Die wirtschaftliche Lage Rußlands". Die Institute...

Auch im Jahr 1995 kam es in Rußland nicht zu einer realwirtschaftlichen Erholung. Das Jahr wird mit einem weiteren Rückgang des Bruttoinlandsprodukts abschließen, wenngleich dieser mit voraussichtlich 4 vH geringer ausfallen wird als im Vorjahr. Eine genauere Betrachtung der Industriebranchen...

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment. This proposition is a fundamental assumption underlying numerous studies on intertemporal choice and has important implications for tax policy. Using nonparametric and panel...

This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both...