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Refereed essays Web of Science
We empirically investigate the possibility that a decision maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is consistent with coin flipping and that entails substantial consequences for the matching outcome. In ...
In:
Journal of Public Economics
167 (2018), S. 240-250
| Nadja Dwenger, Dorothea Kübler, Georg Weizsäcker
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Refereed essays 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
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SOEPpapers 1008 / 2018
This paper studies whether higher education tuition fees influence the intention to acquire a university degree among high school students and, if so, whether the effect on individuals from low-income households is particularly strong. We analyze the introduction and subsequent elimination of university tuition fees in Germany across states and over time in a difference-in-differences setting. Using data ...
2018| Michael Bahrs, Thomas Siedler
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DIW Discussion Papers 1783 / 2019
Fairtrade certification aims at transferring wealth from the consumer to the farmer; however, coffee passes through many hands before reaching final consumers. Bringing together retail, wholesale, and stock market data, this study estimates how much more consumers are paying for Fairtrade-certified coffee in US supermarkets and finds estimates around $1 per lb. I then assess how this price premium ...
2019| Helene Naegele
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Refereed essays Web of Science
Based on a 12 years panel data set for franchised regional rail services, this paper studies the impact of including service quality into an analysis of efficiency differences between the German public transport authorities (PTAs) in using their available public funds. The analysis employs a two-stage efficiency analysis with a Data Envelopment Analysis (DEA) in the first stage and a Tobit panel model ...
In:
Transportation Research Part A: Policy and Practice
119 (2019), S. 284-300
| Heike Link
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DIW Discussion Papers 1782 / 2019
Existing long-term energy and climate scenarios are typically a rather simple extrapolation of past trends. Both qualitative and quantitative outlooks co-exist, but they often focus narrowly on individual perspectives, which is opposed to the interlinked and complex nature of energy and climate. Therefore, this study presents a set of novel and multidisciplinary narratives that give insight into four ...
2019| Dawud Ansari, Franziska Holz, Hasan Basri Tosun
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Graduate Center Short Course
On March 14, the event will take place at the Elinor Ostrom Hall. On March 18 and 19, the event will take place at the Anna J. Schwartz Room 5.2.010.
14.03.2019| Paul Heidhues
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Graduate Center Short Course
Dates: 15.04.2019 - 16.04.2019 and 23.04.2019 - 24.04.2019
15.04.2019| Christian Bayer
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Graduate Center Short Course
Location: University of Potsdam, Campus Griebnitzsee, Room 3.06.H01
The content is tailored towards PhD candidates and early career researchers.
Registration via workshop@empwifo.uni-potsdam.de by August 1, 2019.
09.09.2019| Guido Imbens, Stanford Graduate School of Business
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Refereed essays Web of Science
This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank loans. The stronger the performance pressure the riskier the respective local bank exposure becomes. This ...
In:
Journal of Banking & Finance
99 (2019), S. 63-94
| Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu