Tomaso Duso was appointed as one of the four members of the steering committee of the newly founded CEPR Competition Policy Research & Policy Network. The purpose of the CEPR Competition Policy RPN is to become a leading platform for the critical discussion of competition policy design and outcomes. The RPN seeks to create a network of academics and enforcers to evaluate both influential decisions ...
Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the reasons for this instability. I examine whether variation in people’s emotions over time predicts changes in risk attitudes. Using a large panel data set, I identify happiness, anger, and fear as significant correlates of within-person changes in risk attitudes. Robustness checks indicate ...
Nedim Okan died on May 24, 2021, in Istanbul at the age of 31. Nedim was a doctoral student in the 2019 cohort at the BSE. After successfully completing his coursework at the DIW GC, he joined the WZB for his research phase. We are all overwhelmed by this terrible loss. Our thoughts are with his wife, his family and his friends. If you would like to have a personal conversation, you can contact the ...
This paper examines the effect of reduced self-control on impulsive borrowing in a laboratory experiment. We manipulate self-control using an ego depletion task and show that it is effective. Following the ego depletion task, participants can anonymously buy hot drinks on credit. We find no significant average effects, but find that treated individuals that have low financial literacy are more likely ...
The green bond market has grown strongly in recent years, especially in the euro area. With regard to the European Union’s climate targets, it is likely that the demand for green bonds—bonds that specifically support sustainable projects— will continue to increase in the future. The European Central Bank (ECB) is buying green bonds as well and is planning to reorient its strategy towards more sustainability. ...
To reach climate neutrality, carbon emissions from the production of basic materials need to be significantly reduced. For governments’ support measures to be consistent with their World Trade Organization obligations, they need to be compatible with the WTO’s Agreement on Subsidies and Countervailing Measures (ASCM). This paper analyzes the ASCM consistency of three selected support schemes, namely: ...
