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Monographien

Transactions that Did not Happen and Their Influence on Prices

Berlin: Humboldt-Univ., 2002, 36 S.
(Discussion Paper / Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse ; 2002-45)
| Alan Kirman, Wolfgang K. Härdle, Rainer Schulz, Axel Werwatz
Externe referierte Aufsätze

Tax Liability-Side Equivalence in Experimental Posted-Offer Markets

In theory, the incidence of a tax should be independent of the side of the market on which it is levied. This principle of liability-side equivalence underlies virtually all theories of tax incidence. Policy discussions, however, tend to place great emphasis on the legal division of tax payments. We use computerized experimental posted-offer markets to test liability-side equivalence. We find that ...

In: The Southern Economic Journal 68 (2002), 3, S. 672-682 | Rainald Borck, Dirk Engelmann, Wieland Müller, Hans-Theo Normann
Diskussionspapiere 319 / 2002

A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys

Typically, laboratory experiments suffer from homogeneous subject pools and selfselection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and representative surveys thereby overcoming crucial weaknesses of both approaches. One of the major advantages of our approach ...

2002| Ernst Fehr, Urs Fischbacher, Bernhard von Rosenbladt, Jürgen Schupp, Gert G. Wagner
Diskussionspapiere 298 / 2002

Strategic Path Reliability in Information Networks

We consider a model of an information network where nodes can fail and transmission of information is costly. The formation of paths in such networks is modeled as the Nash equilibrium of an N player routing game. The task of obtaining this equilibrium is shown to be NP-Hard. We derive analytical results to identify conditions under which the equilibrium path is congruent to well known paths such as ...

2002| Rajgopal Kannan, Sudipta Sarangi, S. S. Iyengar
Diskussionspapiere 299 / 2002

Respondent Behavior in Panel Studies: A Case Study for Income-Nonresponse by Means of the German Socio-Economic Panel (GSOEP)

Many validation studies deal with item-nonresponse and measurement error in earnings data. In this paper we explore motives of respondents for the failure to reveal earnings using the German Socio-Economic Panel (GSOEP). GSOEP collects socio-economic information of private households in the Federal Republic of Germany. We explain the evolution of income-nonresponse in the GSOEP and demonstrate the ...

2002| Jörg-Peter Schräpler
Diskussionspapiere 300 / 2002

A Schumpeter-Inspired Approach to the Construction of R&D Capital Stocks

A new method for constructing R&D capital stocks is proposed. Following Schumpeter, the development of R&D capital stocks is modelled as a process of creative destruction. Newly generated knowledge is assumed not only to add to the existing R&D capital stocks but also, by displacing old knowledge, to destroy part of that capital. This is in stark contrast to the perpetual inventory method, which postulates ...

2002| Jürgen Bitzer, Andreas Stephan
Diskussionspapiere 301 / 2002

Does the Behaviour of Myopic Addicts Support the Rational Addiction model? A Simulation

Becker and Murphy (1988) constructed, in a well-known paper, a model of rational addiction in which people solve a dynamic optimization problem, choose an optimal timepath of drug consumption and thereby maximize lifetime utility. The model leads to the hypothesis that future consumption is a significant explanatory variable for present consumption. This paper briefly surveys the empirical studies ...

2002| Björn Frank
Diskussionspapiere 302 / 2002

The Dead-Anyway Effect Revis(it)ed

In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk. Their reasoning is based on differences in the marginal utility of wealth between the two states of nature: life ...

2002| Friedrich Breyer, Stefan Felder
Diskussionspapiere 312 / 2002

Structural Unemployment and the Output Gap in Germany: Evidence from an SVAR Analysis within a Hysteresis Framework

The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and López-Salido (2000) allowing for full hysteresis on the labour market. Our identification of the model implies ...

2002| Ulrich Fritsche, Camille Logeay
Monographien

Introduction to GEMPACK for GAMS Users

Clayton, Vic.: Centre of Policy Studies and the Impact Project, 2002, 39 S.
(CoPS/IMPACT Working Paper ; IP-79)
| Michael Kohlhaas, Ken Pearson
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