The tremendous growth of digital transactions has profoundly affected the way we interact, opening vast opportunities to improve our lives. Consumers have benefited from an unprecedented proliferation of new services and products. At the same time, consumers often must process large amounts of imperfect information regarding the products they purchase and services they use. Even more, for many...
The Joachim Herz Foundation awards Prof. Dr. Jan Marcus with 25.000 Euro as this year's best junior researcher. Jan Marcus is a GC alumnus, a research fellow at the DIW Education and Family Department and a Junior Professor at the University of Hamburg. As such, the Graduate Center congratulates him and wishes him further success in his future work! We also congratulate Prof. Dr. Joachim Winter and ...
The transition towards low-carbon economies requires massive investments into renewable energies, which are commonly supported through regulatory frameworks. Yet, governments can have incentives - and the ability - to deviate from previously-announced support once those investments have been made, which can deter investments. We analyze a renewable energy regulation game, apply a model of time-inconsistency ...
DIW Berlin, Humboldt University and WZB are jointly organizing a workshop on Gender Economics. The aim of this workshop is to bring together an international group of labor and experimental economists. Topics of interest include, but are not limited to: Dynamics of gender gaps in education and labor market outcomes Interactions between gender norms, institutions and economic outcomes The role ...
Kazakhstan envisions a transition towards a green economy in the next decades, which poses an immense challenge as the country's economy and energy system depends heavily on hydrocarbon resources. Here, it lacks inclusive and transparent tools assessing technical, economic, and environmental implications resulting from changes in its electricity system. We present such a tool: our comprehensive techno-economic ...
When designing stated-choice experiments modellers may consider offering respondents an “indifference” alternative to avoid stochastic choices when utility differences between alternatives are perceived as too small. By doing this, the modeller avoids adding white noise to the data and may gain additional information. This paper proposes a framework to model discrete choices in the presence of indifference ...
We empirically study the effects of broadband internet diffusion on local election outcomes and on local government policies using rich data from the U.K. Our analysis shows that the internet has displaced other media with greater news content (i.e. radio and newspapers), thereby decreasing voter turnout, most notably among less-educated and younger individuals. In turn, we find suggestive evidence ...
