ECON - Working Papers

From Department of Economics - University of Zurich
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175: Optimal effort incentives in dynamic tournaments

Arnd Heinrich Klein and Armin Schmutzler

174: Analyzing educational achievement differences between second-generation immigrants: Comparing Germany and German-speaking Switzerland

Johannes Kunz

173: Are subjective distributions in inflation expectations symmetric?

Nikola Mirkov and Andreas Steinhauer

172: Resurrecting weighted least squares

Joseph P. Romano and Michael Wolf

171: Behavioral constraints on the design of subgame-perfect implementation mechanisms

Ernst Fehr, Michael Powell and Tom Wilkening

170: The Swiss franc's honeymoon

Alexandra Janssen and Rahel Studer-Suter

169: Higher bank capital requirements and mortgage pricing: evidence from the Counter-Cyclical Capital Buffer

Christoph Basten and Catherine Koch

168: Mixed equilibrium in a pure location game: the case of n ≥ 4 firms

Christian Ewerhart

167: Do leaders affect ethical conduct?

Giovanna d’Adda, Donja Darai and Roberto Weber

165: The (possible) effect of plain packaging on smoking prevalence in Australia: a trend analysis

Ashok Kaul and Michael Wolf

164: A small open economy in the Great Depression: the case of Switzerland

Peter Rosenkranz, Tobias Straumann and Ulrich Woitek

163: Business cycles in emerging markets: the role of liability dollarization and valuation effects

Stefan Notz and Peter Rosenkranz

162: A provincial view of global imbalances: regional capital flows in China

Samuel Cudré and Mathias Hoffmann

161: Capital’s long march west: saving and investment frictions in Chinese regions

Samuel Cudré

160: Math matters: education choices and wage inequality

Andrew Rendall and Michelle Petersen Rendall

159: Unique equilibrium in rent-seeking contests with a continuum of types

Christian Ewerhart

158: Does competition justify inequality?

Björn Bartling, Grieder Manuel and Christian Zehnder

157: The value of top-down communication for organizational performance

Leif Brandes and Donja Darai

156: Highway to Hitler

Nico Voigtländer and Hans-Joachim Voth

155: Elastic contests and the robustness of the all-pay auctions

Christian Ewerhart

154: In search of economic reality under the veil of financial markets

Josef Falkinger

153: An externality-robust auction: theory and experimental evidence

Björn Bartling and Nick Netzer

152: Targeted vs. collective information sharing in networks

Alexey Kushnir and Alexandru Nichifor

151: A dynamic hurdle model for zero-inflated count data: with an application to health care utilization

Gregori Baetschmann and Rainer Winkelmann

150: Optimal contracting with endogenous project mission

Lea Cassar

149: The (possible) effect of plain packaging on the smoking prevalence of minors in Australia: a trend analysis

Ashok Kaul and Michael Wolf

148: Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending

Peter Koudijs and Hans-Joachim Voth

147: Bowling for fascism: social capital and the rise of the Nazi Party

Shanker Satyanath, Nico Voigtländer and Hans-Joachim Voth

146: Recreating the South Sea Bubble: Lessons from an Experiment in Financial History

Giovanni Giusti, Charles Noussair and Hans-Joachim Voth

145: Risk sharing with the monarch: contingent debt and excusable defaults in the age of Philip II, 1556–1598

Mauricio Drelichman and Hans-Joachim Voth

144: God does not play dice, but people should: random selection in politics, science and society

Bruno Frey and Lasse Steiner

143: Mixed equilibria in Tullock contests

Christian Ewerhart

142: R&D networks: theory, empirics and policy implications

Michael König, Xiaodong Liu and Yves Zenou

141: Employment polarization and the role of the apprenticeship system

Michelle Petersen Rendall and Franziska Weiss

140: The causal effect of house prices on mortgage demand and mortgage supply

Christoph Basten and Cathérine Koch

139: A tale of fire-sales and liquidity hoarding

Aleksander Berentsen and Benjamin Müller

138: Pivotality and responsibility attribution in sequential voting

Björn Bartling, Urs Fischbacher and Simeon Schudy

137: Nonlinear shrinkage of the covariance matrix for portfolio selection: Markowitz meets Goldilocks

Olivier Ledoit and Michael Wolf

136: Financial innovations, money demand, and the welfare cost of inflation

Aleksander Berentsen, Samuel Huber and Alessandro Marchesiani

135: Home is where your art is: the home bias of art collectors

Lasse Steiner, Bruno Frey and Magnus Resch

134: Do markets erode social responsibility?

Björn Bartling, Roberto Weber and Lan Yao

133: Unique equilibrium in contests with incomplete information

Christian Ewerhart and Federico Quartieri

132: Bad boys: how criminal identity salience affects rule violation

Alain Cohn, Michel Maréchal and Thomas Noll

131: On altruism and remittances

Alexis Antoniades, Ganesh Seshan, Roberto Weber and Robertas Zubrickas

130: Long-term commitment and cooperation

Frédéric Schneider and Roberto Weber

129: On the equivalence between Bayesian and dominant strategy implementation: the case of correlated types

Alexey Kushnir

128: Market experience is a reference point in judgments of fairness

Holger Herz and Dmitry Taubinsky

127: The road not taken: competition and the R&D portfolio

Igor Letina

126: Limelight on dark markets: theory and experimental evidence on liquidity and information

Aleksander Berentsen, Michael McBride and Guillaume Rocheteau

125: Does willful ignorance deflect punishment? – An experimental study

Björn Bartling, Florian Engl and Roberto Weber