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Referierte Aufsätze Web of Science
In this comment on Callen et al. (2014), I revisit recent evidence uncovering a "preference for certainty" in violation of dominant normative and descriptive theories of decision-making under risk. I show that the empirical findings are potentially confounded by systematic noise. I then develop choice lists that allow me to disentangle these different explanations. Experimental results obtained with ...
In:
The American Economic Review
108 (2018), 8, S. 2366-2382
| Ferdinand Vieider
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Referierte Aufsätze Web of Science
Does the mere presence of big banks affect macroeconomic outcomes? We develop a theory of granularity for the banking sector by modeling heterogeneous banks charging variable markups. Using data for a large set of countries, we show that the banking sector is indeed “granular,” as the right tail of the bank size distribution follows a power law. We demonstrate empirically that the presence of big banks, ...
In:
Journal of Money, Credit and Banking
50 (2018), 8, S. 1785-1825
| Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
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Referierte Aufsätze Web of Science
This paper presents evidence about how research and development (R&D) expenditures affect corporate cash holdings in European country groups that differ in their innovation capacity. In theory, one can expect intangible investments such as R&D to result in higher cash stocks than fixed investments, particularly because intangible capital is less suitable as collateral for obtaining external funds. ...
In:
Economics of Innovation and New Technology
27 (2018), 7, S.594-610
| Guido Baldi, André Bodmer
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Referierte Aufsätze Web of Science
Many people live in patrilocal societies, which prescribe that women move in with their husbands’ parents, relieve their in-laws from housework, and care for them in old age. This arrangement is likely to have labor market consequences, in particular for women. We study the effect of coresidence on female labor supply in Kyrgyzstan, a strongly patrilocal setting. We account for the endogeneity of coresidence ...
In:
Demography
55 (2018), 6, S. 2181-2203
| Andreas Landmann, Helke Seitz, Susan Steiner
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Referierte Aufsätze Web of Science
We analyze whether start-up rates in different industries systematically change with business cycle variables. Using a unique data set at the industry level, we mostly find correlations that are consistent with counter-cyclical influences of the business cycle on entries in both innovative and non-innovative industries. Entries into the large-scale industries, including the innovative part of manufacturing, ...
In:
Journal of Business Venturing
33 (2018), 6, S. 742-761
| Alexander Konon, Michael Fritsch, Alexander S. Kritikos
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Referierte Aufsätze Web of Science
Dieser Beitrag skizziert vor dem Hintergrund der Diskussionen um den Aufbau einer nationalen Forschungsdateninfrastruktur (NFDI) in Deutschland die Arbeitsweise und Merkmale des Rats für Sozial- und Wirtschaftsdaten (RatSWD). Im Mittelpunkt stehen die zwei zentralen Merkmale des RatSWD als unabhängiges Beratungsgremium von Datenproduzenten und wissenschaftlichen Datennutzenden einerseits und als organisatorischer ...
In:
Jahrbücher für Nationalökonomie und Statistik
238 (2018), 6, S. 571-590
| Mathias Bug, Stefan Liebig, Claudia Oellers, Regina T. Riphahn
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Referierte Aufsätze Web of Science
Economic theory predicts market failure in the market for early childhood education and care (ECEC) due to information asymmetries. We empirically investigate information asymmetries between parents and ECEC professionals in Germany, making use of a unique extension of the Socio-Economic Panel Study (SEOP). We compare quality perceptions by parents and by professionals across 734 institutions. We detect ...
In:
Education Economics
26 (2018), 6, S. 624-646
| Georg F. Camehl, Pia S. Schober, C. Katharina Spieß
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Referierte Aufsätze Web of Science
We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI outstocks of OECD reporting countries. Applying a Poisson panel estimator to 2004–11 data, we find robust evidence for a positive effect of bilateral immigrants on bilateral FDI-provided that residents of the two countries have few language skills in common. We find a similar effect for immigrants from ...
In:
The World Economy
41 (2018), 6, S. 1529-1548
| Matthias Lücke, Tobias Stöhr
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Referierte Aufsätze Web of Science
Web surveys technically allow providing feedback to the respondents based on their previous responses. This personalized feedback may increase respondents’ motivation and possibly the accuracy of responses. While past studies mainly concentrate on the effects of providing study results on future response rates, thus far survey research lacks theoretical and empirical contributions on the effects of ...
In:
Social Science Computer Review
36 (2018), 6, S. 744-755
| Simon Kühne, Martin Kroh
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Referierte Aufsätze Web of Science
Competitive escalation occurs frequently in managerial environments, when decisions create sunk costs and decision makers compete under time pressure. In a series of experiments using a minimal dollar auction paradigm, we test interventions to prevent competitive escalation. Without any intervention, most people, including experienced managers, escalate and lose money by bidding more than the price ...
In:
Journal of Behavioral Decision Making
31 (2018), 5, S. 695-714
| Sebastian Hafenbrädl, Jan K. Woike