This paper investigates empirically for the first time the impact of experts' agreement on voter turnout. Data were obtained when voters, advised by four independent experts, had to decide on the next move against a chess world champion. Analyzing total voter turnout as well as individual voters' behavior in a panel data subsample, and employing OLS median and ARMAX regression techniques, we find that ...
Discusses incentives for basic research, which were recently introduced in the German Institute for Economic Research, including both team and individual incentives. Possible problems arise from focussing on the measurable, crowding out intrinsic motivation and undesirable externalities. Furthermore, provides survey evidence on the perception of the incentives by the institute's researchers.
Hedonic regression has become the standard approach for modeling the behavior of house prices. Usually, the common price component is modeled via dummy variables. Based on an approximation for the present value, we deliver an economic interpretation of the common price component. This allows to include explanatory factors like inflation rates, mortgage rates and building permissions. The notional rents ...
Couples in industrialized countries tend to delay attempting to have children, which may lower their chances of livebirth. The authors assessed the association between male age and the risk of spontaneous abortion between weeks 5 and 20 of pregnancy, controlling for female age. They interviewed by telephone a random cross-sectional population of 1,151 French women who had been pregnant between 1985 ...
A recently published article suggested that factor prices within the EU converged between 1980 and 1992 but diverged between 1992 and 1994. However, these findings largely reflect inflation differentials and exchange rate adjustments. Markov chain analysis on the basis of an alternative income aggregate, GDP per capita measured in Purchasing Power Standards, leads to different results: Convergence ...
