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Franziska Holz becomes Adjunct Professor at NTNU

Dr. Franziska Holz has become Adjunct Professor at the Technical University of Norway (NTNU) in Trondheim in July 2018. She thereby intensifies a long-standing cooperation with the Department of Industrial Economics and Technology Management and the Center for Sustainable Energy Studies (CenSES) at NTNU. Dr. Holz' professorship is part of the "NTNU Energy Transition" program which strengthens the technical, ...

Early warning systems for sovereign and banking crises

The aim of the project is to develop early warning systems for banking and sovereign debt crises. On the one hand, the project uses Bayesian model averaging methods. One the other hand, it draws on dynamic factor models.

The Entitlement Effect in the Ultimatum Game - Does it Even Exist?

Since the seminal paper of Hoffman et al. (1994), an entitlement effect is believed to exist in the Ultimatum Game, in the sense that proposers who have earned their role (as opposed to having it randomly allocated) offer a smaller share of the pie to their matched responder. The entitlement effect is at the core of experimental Public Choice – not just because it concerns the topics of bargaining ...

Model Selection Methods for Panel Vector Autoregressive Models

The Entitlement Effect in the Ultimatum Game - Does It Even Exist?

Since the seminal paper of Hoffman et al. (1994), an entitlement effect is believed to exist in the Ultimatum Game, in the sense that proposers who have earned their role (as opposed to having it randomly allocated) offer a smaller share of the pie to their matched responder. The entitlement effect is at the core of experimental Public Choice – not just because it concerns the topics of bargaining ...

German economy continues to grow moderately but risks remain

According to DIW Berlin estimations, the German economy will continue on its current growth path over the next three years. This confirms the forecast from early summer that economic output will grow at a more moderate pace than previously. DIW Berlin’s forecast indicates growth of 1.8 percent for 2018, 1.7 percent for 2019, and 1.8 percent for 2020. In contrast to the strong export performance ...

Low tax burden for passenger cars in Germany; reform of vehicle and fuel taxation needed

In a systematic European comparison of taxes and duties on passenger cars, Germany is in the lower third – Taxes on passenger cars neither raise enough revenue nor provide sufficient incentives for less polluting passenger car traffic. Germany needs to reform its passenger car and fuel taxation and make a gradual increase in the diesel tax a priority. This is the conclusion reached by Uwe Kunert, ...

Social Image Concerns and Welfare Take-Up

Using a laboratory experiment, we present first evidence that social image concerns causally reduce the take-up of an individually beneficial transfer. Our design manipulates the informativeness of the take-up decision by varying whether transfer eligibility is based on ability or luck, and how the transfer is financed. We find that subjects avoid the inference both of being low-skilled (ability stigma) ...

The Dominance of Introspective Measures and What This Implies: The Example of Environmental Attitude

The behavioral sciences, including most of psychology, seek to explain and predict behavior with the help of theories and models that involve concepts (e.g., attitudes) that are subsequently translated into measures. Currently, some subdisciplines such as social psychology focus almost exclusively on measures that demand reflection or even introspection when administered to persons. We argue that such ...

The Role of Paternal Risk Attitudes in Long-run Education Outcomes and Intergenerational Mobility

This paper studies the role of paternal risk attitudes in sons’ long-run education outcomes and in the intergenerational transmission of incomes and education. Based on 1984–2012 German Socio-Economic Panel Study data of sons and fathers, I show that fathers’ risk aversion is inversely related to sons’ long-run levels of education. I find signs that sons with risk averse fathers experience lower educational ...