--- _id: '50719' abstract: - lang: eng text: We propose an indicator for detecting anomalous stock market valuation in real time such that market participants receive timely signals so as to be able to take stabilizing action. Unlike existing approaches, our anomaly indicator introduces three methodological novelties. First, we use an endogenous, purely data-driven, nonparametric trend identification method to separate long-term market movements from more short-term ones. Second, we apply SETAR models that allow for asymmetric expansions and contractions around the long-term trend and find systematic stock price cycles. Third, we implement these findings in our indicator and conduct real-time market forecasts, which have so far been neglected in the literature. Applications of our indicator using monthly S&P 500 stock data from 1970 to the end of 2022 show that short-term anomalous market movements can be identified in real time up to one year ahead. We predict all major anomalies, including the 1987 Bubble and the initial phase of the Financial Crisis that began in 2007. In total, our anomaly indicator identifies more than 80% of all – even minor – anomalous episodes. Thus, smoothing market exaggerations through early signaling seems possible. article_type: original author: - first_name: Marlon full_name: Fritz, Marlon last_name: Fritz - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries - first_name: Lukas full_name: Wiechers, Lukas last_name: Wiechers citation: ama: Fritz M, Gries T, Wiechers L. An early indicator for anomalous stock market performance. Quantitative Finance. Published online 2024:1-14. doi:10.1080/14697688.2023.2281529 apa: Fritz, M., Gries, T., & Wiechers, L. (2024). An early indicator for anomalous stock market performance. Quantitative Finance, 1–14. https://doi.org/10.1080/14697688.2023.2281529 bibtex: '@article{Fritz_Gries_Wiechers_2024, title={An early indicator for anomalous stock market performance}, DOI={10.1080/14697688.2023.2281529}, journal={Quantitative Finance}, publisher={Informa UK Limited}, author={Fritz, Marlon and Gries, Thomas and Wiechers, Lukas}, year={2024}, pages={1–14} }' chicago: Fritz, Marlon, Thomas Gries, and Lukas Wiechers. “An Early Indicator for Anomalous Stock Market Performance.” Quantitative Finance, 2024, 1–14. https://doi.org/10.1080/14697688.2023.2281529. ieee: 'M. Fritz, T. Gries, and L. Wiechers, “An early indicator for anomalous stock market performance,” Quantitative Finance, pp. 1–14, 2024, doi: 10.1080/14697688.2023.2281529.' mla: Fritz, Marlon, et al. “An Early Indicator for Anomalous Stock Market Performance.” Quantitative Finance, Informa UK Limited, 2024, pp. 1–14, doi:10.1080/14697688.2023.2281529. short: M. Fritz, T. Gries, L. Wiechers, Quantitative Finance (2024) 1–14. date_created: 2024-01-22T08:49:02Z date_updated: 2024-01-22T08:54:05Z department: - _id: '19' - _id: '200' - _id: '202' - _id: '475' doi: 10.1080/14697688.2023.2281529 keyword: - General Economics - Econometrics and Finance - Finance language: - iso: eng page: 1-14 publication: Quantitative Finance publication_identifier: issn: - 1469-7688 - 1469-7696 publication_status: published publisher: Informa UK Limited status: public title: An early indicator for anomalous stock market performance type: journal_article user_id: '186' year: '2024' ... --- _id: '35637' abstract: - lang: eng text: Individual cognitive functioning declines over time. We seek to understand how adverse physical health shocks in older ages contribute to this development. By use of event-study methods and data from the USA, England, and several countries in Continental Europe, we find evidence that health shocks lead to an immediate and persistent decline in cognitive functioning. This robust finding holds in all regions representing different health insurance systems and seems to be independent of underlying individual demographic characteristics such as sex and age. We also ask whether variables that are susceptible to policy action can reduce the negative consequences of a health shock. Our results suggest that neither compulsory education nor retirement regulations moderate the effects, thus emphasizing the importance for cognitive functioning of maintaining good physical health in old age. article_type: original author: - first_name: Valentin full_name: Schiele, Valentin id: '53779' last_name: Schiele - first_name: Hendrik full_name: Schmitz, Hendrik id: '48879' last_name: Schmitz citation: ama: 'Schiele V, Schmitz H. Understanding cognitive decline in older ages: The role of health shocks. European Economic Review. 2023;151. doi:10.1016/j.euroecorev.2022.104320' apa: 'Schiele, V., & Schmitz, H. (2023). Understanding cognitive decline in older ages: The role of health shocks. European Economic Review, 151. https://doi.org/10.1016/j.euroecorev.2022.104320' bibtex: '@article{Schiele_Schmitz_2023, title={Understanding cognitive decline in older ages: The role of health shocks}, volume={151}, DOI={10.1016/j.euroecorev.2022.104320}, journal={European Economic Review}, author={Schiele, Valentin and Schmitz, Hendrik}, year={2023} }' chicago: 'Schiele, Valentin, and Hendrik Schmitz. “Understanding Cognitive Decline in Older Ages: The Role of Health Shocks.” European Economic Review 151 (2023). https://doi.org/10.1016/j.euroecorev.2022.104320.' ieee: 'V. Schiele and H. Schmitz, “Understanding cognitive decline in older ages: The role of health shocks,” European Economic Review, vol. 151, 2023, doi: 10.1016/j.euroecorev.2022.104320.' mla: 'Schiele, Valentin, and Hendrik Schmitz. “Understanding Cognitive Decline in Older Ages: The Role of Health Shocks.” European Economic Review, vol. 151, 2023, doi:10.1016/j.euroecorev.2022.104320.' short: V. Schiele, H. Schmitz, European Economic Review 151 (2023). date_created: 2023-01-10T07:52:03Z date_updated: 2023-01-10T08:04:10Z department: - _id: '281' - _id: '475' doi: 10.1016/j.euroecorev.2022.104320 intvolume: ' 151' language: - iso: eng main_file_link: - url: https://www.sciencedirect.com/science/article/abs/pii/S0014292122002008 publication: European Economic Review publication_status: published quality_controlled: '1' status: public title: 'Understanding cognitive decline in older ages: The role of health shocks' type: journal_article user_id: '53779' volume: 151 year: '2023' ... --- _id: '42638' abstract: - lang: eng text: We propose a new method to estimate and isolate the localization of knowledge spillovers due to the physical presence of a person, using after-application but pre-grant deaths of differently located coinventors of the same patent. The approach estimates the differences in local citations between the deceased and still-living inventors at increasingly distant radii. Patents receive 26 percent fewer citations from within a radius of 20 miles around the deceased, relative to still-living coinventors. Differences attenuate with time and distance, are stronger when still-living coinventors live farther from the deceased, and hold for a subsample of possibly premature deaths. (JEL O31, O33, O34, R32) author: - first_name: Benjamin full_name: Balsmeier, Benjamin last_name: Balsmeier - first_name: Lee full_name: Fleming, Lee last_name: Fleming - first_name: Sonja full_name: Lück, Sonja id: '950' last_name: Lück orcid: 0000-0003-0380-1965 citation: ama: 'Balsmeier B, Fleming L, Lück S. Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials. American Economic Review: Insights. 2023;5(1):21-33. doi:10.1257/aeri.20210275' apa: 'Balsmeier, B., Fleming, L., & Lück, S. (2023). Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials. American Economic Review: Insights, 5(1), 21–33. https://doi.org/10.1257/aeri.20210275' bibtex: '@article{Balsmeier_Fleming_Lück_2023, title={Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials}, volume={5}, DOI={10.1257/aeri.20210275}, number={1}, journal={American Economic Review: Insights}, publisher={American Economic Association}, author={Balsmeier, Benjamin and Fleming, Lee and Lück, Sonja}, year={2023}, pages={21–33} }' chicago: 'Balsmeier, Benjamin, Lee Fleming, and Sonja Lück. “Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials.” American Economic Review: Insights 5, no. 1 (2023): 21–33. https://doi.org/10.1257/aeri.20210275.' ieee: 'B. Balsmeier, L. Fleming, and S. Lück, “Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials,” American Economic Review: Insights, vol. 5, no. 1, pp. 21–33, 2023, doi: 10.1257/aeri.20210275.' mla: 'Balsmeier, Benjamin, et al. “Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials.” American Economic Review: Insights, vol. 5, no. 1, American Economic Association, 2023, pp. 21–33, doi:10.1257/aeri.20210275.' short: 'B. Balsmeier, L. Fleming, S. Lück, American Economic Review: Insights 5 (2023) 21–33.' date_created: 2023-02-28T20:28:16Z date_updated: 2023-02-28T20:35:11Z department: - _id: '200' - _id: '281' - _id: '475' doi: 10.1257/aeri.20210275 intvolume: ' 5' issue: '1' keyword: - Management - Monitoring - Policy and Law - Geography - Planning and Development language: - iso: eng page: 21-33 publication: 'American Economic Review: Insights' publication_identifier: issn: - 2640-205X - 2640-2068 publication_status: published publisher: American Economic Association status: public title: 'Isolating Personal Knowledge Spillovers: Coinventor Deaths and Spatial Citation Differentials' type: journal_article user_id: '950' volume: 5 year: '2023' ... --- _id: '44092' abstract: - lang: eng text: "We study how competition between physicians affects the provision of medical care. In\r\nour theoretical model, physicians are faced with a heterogeneous patient population, in which patients\r\nsystematically vary with regard to both their responsiveness to the provided quality of care and their\r\nstate of health. We test the behavioral predictions derived from this model in a controlled laboratory\r\nexperiment. In line with the model, we observe that competition significantly improves patient benefits\r\nas long as patients are able to respond to the quality provided. For those patients, who are not able\r\nto choose a physician, competition even decreases the patient benefit compared to a situation without\r\ncompetition. This decrease is in contrast to our theoretical prediction implying no change in benefits for\r\npassive patients. Deviations from patient-optimal treatment are highest for passive patients in need of\r\na low quantity of medical services. With repetition, both, the positive effects of competition for active\r\npatients as well as the negative effects of competition for passive patients become more pronounced. Our\r\nresults imply that competition can not only improve but also worsen patient outcome and that patients’\r\nresponsiveness to quality is decisive." article_type: original author: - first_name: Jeannette full_name: Brosig-Koch, Jeannette last_name: Brosig-Koch - first_name: Burkhard full_name: Hehenkamp, Burkhard id: '37339' last_name: Hehenkamp - first_name: Johanna full_name: Kokot, Johanna last_name: Kokot citation: ama: Brosig-Koch J, Hehenkamp B, Kokot J. Who benefits from quality competition in health care? A theory and a laboratory experiment on the relevance of patient characteristics. Health Economics. Published online 2023. doi:10.1002/hec.4689 apa: Brosig-Koch, J., Hehenkamp, B., & Kokot, J. (2023). Who benefits from quality competition in health care? A theory and a laboratory experiment on the relevance of patient characteristics. Health Economics. https://doi.org/10.1002/hec.4689 bibtex: '@article{Brosig-Koch_Hehenkamp_Kokot_2023, title={Who benefits from quality competition in health care? A theory and a laboratory experiment on the relevance of patient characteristics}, DOI={10.1002/hec.4689}, journal={Health Economics}, author={Brosig-Koch, Jeannette and Hehenkamp, Burkhard and Kokot, Johanna}, year={2023} }' chicago: Brosig-Koch, Jeannette, Burkhard Hehenkamp, and Johanna Kokot. “Who Benefits from Quality Competition in Health Care? A Theory and a Laboratory Experiment on the Relevance of Patient Characteristics.” Health Economics, 2023. https://doi.org/10.1002/hec.4689. ieee: 'J. Brosig-Koch, B. Hehenkamp, and J. Kokot, “Who benefits from quality competition in health care? A theory and a laboratory experiment on the relevance of patient characteristics,” Health Economics, 2023, doi: 10.1002/hec.4689.' mla: Brosig-Koch, Jeannette, et al. “Who Benefits from Quality Competition in Health Care? A Theory and a Laboratory Experiment on the Relevance of Patient Characteristics.” Health Economics, 2023, doi:10.1002/hec.4689. short: J. Brosig-Koch, B. Hehenkamp, J. Kokot, Health Economics (2023). date_created: 2023-04-20T17:02:41Z date_updated: 2023-04-20T17:16:14Z department: - _id: '280' - _id: '475' doi: 10.1002/hec.4689 jel: - I11 - D43 - C91 keyword: - physician competition - patient characteristics - heterogeneity in quality responses - fee-for-service - laboratory experiment language: - iso: eng project: - _id: '1' name: 'SFB 901: SFB 901' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' - _id: '7' name: 'SFB 901 - A3: SFB 901 - Subproject A3' publication: Health Economics quality_controlled: '1' status: public title: Who benefits from quality competition in health care? A theory and a laboratory experiment on the relevance of patient characteristics type: journal_article user_id: '37339' year: '2023' ... --- _id: '34114' abstract: - lang: eng text: "Qualitative comparative analysis (QCA) enables researchers in international management to better understand how the impact of a single explanatory factor depends on the context of other factors. But the analytical toolbox of QCA does not include a parameter for the explanatory power of a single explanatory factor or “condition”. In this paper, we therefore reinterpret the Banzhaf power index, originally developed in cooperative game theory, to establish a goodness-of-fit parameter in QCA. The relative Banzhaf index we suggest measures the explanatory power of one condition averaged across all sufficient combinations of conditions. The paper argues that the index is especially informative in three situations that are all salient in international management and call for a context-sensitive analysis of single conditions, namely substantial limited diversity in the data, the emergence of strong INUS conditions in the analysis, and theorizing with contingency factors. The paper derives the properties of the relative Banzhaf index in QCA, demonstrates how the index can be computed easily from a rudimentary truth table, and explores its insights by revisiting selected papers in international management that apply fuzzy-set QCA. It finally suggests a three-step procedure for utilizing the relative Banzhaf index when the causal structure involves both contingency effects and configurational causation.\r\n" article_type: original author: - first_name: Claus-Jochen full_name: Haake, Claus-Jochen id: '20801' last_name: Haake - first_name: Martin full_name: Schneider, Martin id: '471' last_name: Schneider orcid: https://orcid.org/0000-0002-6961-3716 citation: ama: 'Haake C-J, Schneider M. Playing games with QCA: Measuring the explanatory power of single conditions with the Banzhaf index. Journal of International Management.' apa: 'Haake, C.-J., & Schneider, M. (n.d.). Playing games with QCA: Measuring the explanatory power of single conditions with the Banzhaf index. Journal of International Management.' bibtex: '@article{Haake_Schneider, title={Playing games with QCA: Measuring the explanatory power of single conditions with the Banzhaf index}, journal={Journal of International Management}, publisher={Elsevier}, author={Haake, Claus-Jochen and Schneider, Martin} }' chicago: 'Haake, Claus-Jochen, and Martin Schneider. “Playing Games with QCA: Measuring the Explanatory Power of Single Conditions with the Banzhaf Index.” Journal of International Management, n.d.' ieee: 'C.-J. Haake and M. Schneider, “Playing games with QCA: Measuring the explanatory power of single conditions with the Banzhaf index,” Journal of International Management.' mla: 'Haake, Claus-Jochen, and Martin Schneider. “Playing Games with QCA: Measuring the Explanatory Power of Single Conditions with the Banzhaf Index.” Journal of International Management, Elsevier.' short: C.-J. Haake, M. Schneider, Journal of International Management (n.d.). date_created: 2022-11-19T15:33:27Z date_updated: 2023-08-29T16:17:48Z department: - _id: '205' - _id: '475' - _id: '178' - _id: '185' keyword: - Qualitative comparative analysis - Banzhaf power index - causality - explanatory power language: - iso: eng project: - _id: '1' grant_number: '160364472' name: 'SFB 901: SFB 901' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' - _id: '7' grant_number: '160364472' name: 'SFB 901 - A3: SFB 901 - Subproject A3' publication: Journal of International Management publication_status: accepted publisher: Elsevier status: public title: 'Playing games with QCA: Measuring the explanatory power of single conditions with the Banzhaf index' type: journal_article user_id: '20801' year: '2023' ... --- _id: '30341' author: - first_name: Britta full_name: Hoyer, Britta id: '42447' last_name: Hoyer - first_name: Dirk full_name: van Straaten, Dirk id: '10311' last_name: van Straaten citation: ama: Hoyer B, van Straaten D. Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis. Journal of Behavioral and Experimental Economics. 2022;98:101869. doi:10.1016/j.socec.2022.101869 apa: Hoyer, B., & van Straaten, D. (2022). Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis. Journal of Behavioral and Experimental Economics, 98, 101869. https://doi.org/10.1016/j.socec.2022.101869 bibtex: '@article{Hoyer_van Straaten_2022, title={Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis}, volume={98}, DOI={10.1016/j.socec.2022.101869}, journal={Journal of Behavioral and Experimental Economics}, publisher={Elsevier BV}, author={Hoyer, Britta and van Straaten, Dirk}, year={2022}, pages={101869} }' chicago: 'Hoyer, Britta, and Dirk van Straaten. “Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis.” Journal of Behavioral and Experimental Economics 98 (2022): 101869. https://doi.org/10.1016/j.socec.2022.101869.' ieee: 'B. Hoyer and D. van Straaten, “Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis,” Journal of Behavioral and Experimental Economics, vol. 98, p. 101869, 2022, doi: 10.1016/j.socec.2022.101869.' mla: Hoyer, Britta, and Dirk van Straaten. “Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis.” Journal of Behavioral and Experimental Economics, vol. 98, Elsevier BV, 2022, p. 101869, doi:10.1016/j.socec.2022.101869. short: B. Hoyer, D. van Straaten, Journal of Behavioral and Experimental Economics 98 (2022) 101869. date_created: 2022-03-16T06:24:37Z date_updated: 2022-03-21T06:07:39Z department: - _id: '280' - _id: '475' - _id: '179' doi: 10.1016/j.socec.2022.101869 intvolume: ' 98' keyword: - General Social Sciences - Economics and Econometrics - Applied Psychology language: - iso: eng main_file_link: - url: https://www.sciencedirect.com/science/article/abs/pii/S2214804322000441 page: '101869' project: - _id: '1' name: 'SFB 901: SFB 901' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' - _id: '7' name: 'SFB 901 - A3: SFB 901 - Subproject A3' - _id: '8' name: 'SFB 901 - A4: SFB 901 - Subproject A4' publication: Journal of Behavioral and Experimental Economics publication_identifier: issn: - 2214-8043 publication_status: published publisher: Elsevier BV status: public title: Anonymity and Self-Expression in Online Rating Systems - An Experimental Analysis type: journal_article user_id: '42447' volume: 98 year: '2022' ... --- _id: '31881' author: - first_name: Britta full_name: Hoyer, Britta id: '42447' last_name: Hoyer - first_name: Kris full_name: De Jaegher, Kris last_name: De Jaegher citation: ama: Hoyer B, De Jaegher K. Network Disruption and the Common-Enemy Effect. International Journal of Game Theory. Published online 2022. doi:10.1007/s00182-022-00812-5 apa: Hoyer, B., & De Jaegher, K. (2022). Network Disruption and the Common-Enemy Effect. International Journal of Game Theory. https://doi.org/10.1007/s00182-022-00812-5 bibtex: '@article{Hoyer_De Jaegher_2022, title={Network Disruption and the Common-Enemy Effect}, DOI={10.1007/s00182-022-00812-5}, journal={International Journal of Game Theory}, publisher={Springer}, author={Hoyer, Britta and De Jaegher, Kris}, year={2022} }' chicago: Hoyer, Britta, and Kris De Jaegher. “Network Disruption and the Common-Enemy Effect.” International Journal of Game Theory, 2022. https://doi.org/10.1007/s00182-022-00812-5. ieee: 'B. Hoyer and K. De Jaegher, “Network Disruption and the Common-Enemy Effect,” International Journal of Game Theory, 2022, doi: 10.1007/s00182-022-00812-5.' mla: Hoyer, Britta, and Kris De Jaegher. “Network Disruption and the Common-Enemy Effect.” International Journal of Game Theory, Springer, 2022, doi:10.1007/s00182-022-00812-5. short: B. Hoyer, K. De Jaegher, International Journal of Game Theory (2022). date_created: 2022-06-14T15:33:35Z date_updated: 2022-12-04T14:40:38Z department: - _id: '280' - _id: '475' doi: 10.1007/s00182-022-00812-5 extern: '1' language: - iso: eng project: - _id: '1' name: 'SFB 901: SFB 901' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' - _id: '7' name: 'SFB 901 - A3: SFB 901 - Subproject A3' publication: International Journal of Game Theory publication_status: epub_ahead publisher: Springer status: public title: Network Disruption and the Common-Enemy Effect type: journal_article user_id: '42447' year: '2022' ... --- _id: '33221' abstract: - lang: eng text: AbstractNon-pharmaceutical interventions are an effective strategy to prevent and control COVID-19 transmission in the community. However, the timing and stringency to which these measures have been implemented varied between countries and regions. The differences in stringency can only to a limited extent be explained by the number of infections and the prevailing vaccination strategies. Our study aims to shed more light on the lockdown strategies and to identify the determinants underlying the differences between countries on regional, economic, institutional, and political level. Based on daily panel data for 173 countries and the period from January 2020 to October 2021 we find significant regional differences in lockdown strategies. Further, more prosperous countries implemented milder restrictions but responded more quickly, while poorer countries introduced more stringent measures but had a longer response time. Finally, democratic regimes and stronger manifested institutions alleviated and slowed down the introduction of lockdown measures. author: - first_name: Margarete full_name: Redlin, Margarete id: '135' last_name: Redlin citation: ama: Redlin M. Differences in NPI strategies against COVID-19. Journal of Regulatory Economics. Published online 2022. doi:10.1007/s11149-022-09452-9 apa: Redlin, M. (2022). Differences in NPI strategies against COVID-19. Journal of Regulatory Economics. https://doi.org/10.1007/s11149-022-09452-9 bibtex: '@article{Redlin_2022, title={Differences in NPI strategies against COVID-19}, DOI={10.1007/s11149-022-09452-9}, journal={Journal of Regulatory Economics}, publisher={Springer Science and Business Media LLC}, author={Redlin, Margarete}, year={2022} }' chicago: Redlin, Margarete. “Differences in NPI Strategies against COVID-19.” Journal of Regulatory Economics, 2022. https://doi.org/10.1007/s11149-022-09452-9. ieee: 'M. Redlin, “Differences in NPI strategies against COVID-19,” Journal of Regulatory Economics, 2022, doi: 10.1007/s11149-022-09452-9.' mla: Redlin, Margarete. “Differences in NPI Strategies against COVID-19.” Journal of Regulatory Economics, Springer Science and Business Media LLC, 2022, doi:10.1007/s11149-022-09452-9. short: M. Redlin, Journal of Regulatory Economics (2022). date_created: 2022-08-29T06:49:33Z date_updated: 2022-08-29T08:38:12Z department: - _id: '475' - _id: '200' - _id: '202' doi: 10.1007/s11149-022-09452-9 keyword: - Economics and Econometrics language: - iso: eng publication: Journal of Regulatory Economics publication_identifier: issn: - 0922-680X - 1573-0468 publication_status: published publisher: Springer Science and Business Media LLC status: public title: Differences in NPI strategies against COVID-19 type: journal_article user_id: '14931' year: '2022' ... --- _id: '33220' abstract: - lang: eng text: AbstractWe provide a partial equilibrium model wherein AI provides abilities combined with human skills to provide an aggregate intermediate service good. We use the model to find that the extent of automation through AI will be greater if (a) the economy is relatively abundant in sophisticated programs and machine abilities compared to human skills; (b) the economy hosts a relatively large number of AI-providing firms and experts; and (c) the task-specific productivity of AI services is relatively high compared to the task-specific productivity of general labor and labor skills. We also illustrate that the contribution of AI to aggregate productive labor service depends not only on the amount of AI services available but on the endogenous number of automated tasks, the relative productivity of standard and IT-related labor, and the substitutability of tasks. These determinants also affect the income distribution between the two kinds of labor. We derive several empirical implications and identify possible future extensions. article_number: '12' author: - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries - first_name: Wim full_name: Naudé, Wim last_name: Naudé citation: ama: Gries T, Naudé W. Modelling artificial intelligence in economics. Journal for Labour Market Research. 2022;56(1). doi:10.1186/s12651-022-00319-2 apa: Gries, T., & Naudé, W. (2022). Modelling artificial intelligence in economics. Journal for Labour Market Research, 56(1), Article 12. https://doi.org/10.1186/s12651-022-00319-2 bibtex: '@article{Gries_Naudé_2022, title={Modelling artificial intelligence in economics}, volume={56}, DOI={10.1186/s12651-022-00319-2}, number={112}, journal={Journal for Labour Market Research}, publisher={Springer Science and Business Media LLC}, author={Gries, Thomas and Naudé, Wim}, year={2022} }' chicago: Gries, Thomas, and Wim Naudé. “Modelling Artificial Intelligence in Economics.” Journal for Labour Market Research 56, no. 1 (2022). https://doi.org/10.1186/s12651-022-00319-2. ieee: 'T. Gries and W. Naudé, “Modelling artificial intelligence in economics,” Journal for Labour Market Research, vol. 56, no. 1, Art. no. 12, 2022, doi: 10.1186/s12651-022-00319-2.' mla: Gries, Thomas, and Wim Naudé. “Modelling Artificial Intelligence in Economics.” Journal for Labour Market Research, vol. 56, no. 1, 12, Springer Science and Business Media LLC, 2022, doi:10.1186/s12651-022-00319-2. short: T. Gries, W. Naudé, Journal for Labour Market Research 56 (2022). date_created: 2022-08-29T06:43:37Z date_updated: 2022-08-30T07:37:57Z department: - _id: '475' - _id: '200' - _id: '202' doi: 10.1186/s12651-022-00319-2 intvolume: ' 56' issue: '1' keyword: - General Medicine language: - iso: eng publication: Journal for Labour Market Research publication_identifier: issn: - 2510-5019 - 2510-5027 publication_status: published publisher: Springer Science and Business Media LLC status: public title: Modelling artificial intelligence in economics type: journal_article user_id: '135' volume: 56 year: '2022' ... --- _id: '33219' author: - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries - first_name: Veronika full_name: Müller, Veronika last_name: Müller - first_name: John T. full_name: Jost, John T. last_name: Jost citation: ama: 'Gries T, Müller V, Jost JT. The Market for Belief Systems: A Formal Model of Ideological Choice. Psychological Inquiry. 2022;33(2):65-83. doi:10.1080/1047840x.2022.2065128' apa: 'Gries, T., Müller, V., & Jost, J. T. (2022). The Market for Belief Systems: A Formal Model of Ideological Choice. Psychological Inquiry, 33(2), 65–83. https://doi.org/10.1080/1047840x.2022.2065128' bibtex: '@article{Gries_Müller_Jost_2022, title={The Market for Belief Systems: A Formal Model of Ideological Choice}, volume={33}, DOI={10.1080/1047840x.2022.2065128}, number={2}, journal={Psychological Inquiry}, publisher={Informa UK Limited}, author={Gries, Thomas and Müller, Veronika and Jost, John T.}, year={2022}, pages={65–83} }' chicago: 'Gries, Thomas, Veronika Müller, and John T. Jost. “The Market for Belief Systems: A Formal Model of Ideological Choice.” Psychological Inquiry 33, no. 2 (2022): 65–83. https://doi.org/10.1080/1047840x.2022.2065128.' ieee: 'T. Gries, V. Müller, and J. T. Jost, “The Market for Belief Systems: A Formal Model of Ideological Choice,” Psychological Inquiry, vol. 33, no. 2, pp. 65–83, 2022, doi: 10.1080/1047840x.2022.2065128.' mla: 'Gries, Thomas, et al. “The Market for Belief Systems: A Formal Model of Ideological Choice.” Psychological Inquiry, vol. 33, no. 2, Informa UK Limited, 2022, pp. 65–83, doi:10.1080/1047840x.2022.2065128.' short: T. Gries, V. Müller, J.T. Jost, Psychological Inquiry 33 (2022) 65–83. date_created: 2022-08-29T06:41:11Z date_updated: 2022-08-30T07:35:51Z department: - _id: '202' - _id: '200' - _id: '475' doi: 10.1080/1047840x.2022.2065128 intvolume: ' 33' issue: '2' keyword: - General Psychology language: - iso: eng page: 65-83 publication: Psychological Inquiry publication_identifier: issn: - 1047-840X - 1532-7965 publication_status: published publisher: Informa UK Limited status: public title: 'The Market for Belief Systems: A Formal Model of Ideological Choice' type: journal_article user_id: '135' volume: 33 year: '2022' ... --- _id: '30940' abstract: - lang: eng text: "We analyse the two-dimensional Nash bargaining solution (NBS) by deploying\r\nthe standard labour market negotiations model of McDonald and Solow (1981).\r\nWe show that the two-dimensional bargaining problem can be decomposed into two\r\none-dimensional problems, such that the two solutions together replicate the solution\r\nof the two-dimensional problem if the NBS is applied. The axiom of\r\nIndependence of Irrelevant Alternatives is shown to be crucial for this type\r\nof decomposability. \ This result has significant implications for actual\r\nnegotiations because it allows for the decomposition of a multi-dimensional bargaining\r\nproblem into one-dimensional problems---and thus helps to facilitate real-world\r\nnegotiations." article_type: original author: - first_name: Claus-Jochen full_name: Haake, Claus-Jochen id: '20801' last_name: Haake - first_name: Thorsten full_name: Upmann, Thorsten last_name: Upmann - first_name: Papatya full_name: Duman, Papatya id: '72752' last_name: Duman citation: ama: 'Haake C-J, Upmann T, Duman P. Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining. Scandinavian Journal of Economics. 2022;125(2):403-440. doi:https://doi.org/10.1111/sjoe.12518' apa: 'Haake, C.-J., Upmann, T., & Duman, P. (2022). Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining. Scandinavian Journal of Economics, 125(2), 403–440. https://doi.org/10.1111/sjoe.12518' bibtex: '@article{Haake_Upmann_Duman_2022, title={Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining}, volume={125}, DOI={https://doi.org/10.1111/sjoe.12518}, number={2}, journal={Scandinavian Journal of Economics}, publisher={Wiley}, author={Haake, Claus-Jochen and Upmann, Thorsten and Duman, Papatya}, year={2022}, pages={403–440} }' chicago: 'Haake, Claus-Jochen, Thorsten Upmann, and Papatya Duman. “Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining.” Scandinavian Journal of Economics 125, no. 2 (2022): 403–40. https://doi.org/10.1111/sjoe.12518.' ieee: 'C.-J. Haake, T. Upmann, and P. Duman, “Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining,” Scandinavian Journal of Economics, vol. 125, no. 2, pp. 403–440, 2022, doi: https://doi.org/10.1111/sjoe.12518.' mla: 'Haake, Claus-Jochen, et al. “Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining.” Scandinavian Journal of Economics, vol. 125, no. 2, Wiley, 2022, pp. 403–40, doi:https://doi.org/10.1111/sjoe.12518.' short: C.-J. Haake, T. Upmann, P. Duman, Scandinavian Journal of Economics 125 (2022) 403–440. date_created: 2022-04-22T14:10:44Z date_updated: 2023-06-08T16:42:31Z ddc: - '330' department: - _id: '205' - _id: '475' doi: https://doi.org/10.1111/sjoe.12518 funded_apc: '1' has_accepted_license: '1' intvolume: ' 125' issue: '2' jel: - J52 - J41 - C78 keyword: - Labour market negotiations - efficient bargains - Nash bargaining solution - sequential bargaining - restricted bargaining games language: - iso: eng main_file_link: - url: https://onlinelibrary.wiley.com/doi/10.1111/sjoe.12518 page: 403-440 project: - _id: '7' grant_number: '160364472' name: 'SFB 901 - A3: SFB 901 - Subproject A3' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' - _id: '1' grant_number: '160364472' name: 'SFB 901: SFB 901' publication: Scandinavian Journal of Economics publication_identifier: eissn: - 0347-0520 publication_status: published publisher: Wiley quality_controlled: '1' status: public title: 'Wage Bargaining and Employment Revisited: Separability and Efficiency in Collective Bargaining' type: journal_article user_id: '20801' volume: 125 year: '2022' ... --- _id: '33458' abstract: - lang: eng text: We study the effect of unemployment on cognitive abilities among individuals aged between 50 and 65 in Europe. To this end, we exploit plant closures and use flexible event-study estimations together with an experimentally elicited measure of fluid intelligence, namely word recall. We find that, within a time period of around eight years after the event of unemployment, cognitive abilities only deteriorate marginally — the effects are insignificant both in statistical and economic terms. We do, however, find significant effects of late-career unemployment on the likelihood to leave the labor force, and short-term effects on mental health problems such as depression and sleep problems. article_type: original author: - first_name: Diana full_name: Freise, Diana id: '45323' last_name: Freise - first_name: Hendrik full_name: Schmitz, Hendrik id: '48879' last_name: Schmitz - first_name: Matthias full_name: Westphal, Matthias id: '64661' last_name: Westphal citation: ama: Freise D, Schmitz H, Westphal M. Late-Career Unemployment and Cognitive Abilities. Journal of Health Economics. 2022;86. doi:https://doi.org/10.1016/j.jhealeco.2022.102689 apa: Freise, D., Schmitz, H., & Westphal, M. (2022). Late-Career Unemployment and Cognitive Abilities. Journal of Health Economics, 86. https://doi.org/10.1016/j.jhealeco.2022.102689 bibtex: '@article{Freise_Schmitz_Westphal_2022, title={Late-Career Unemployment and Cognitive Abilities}, volume={86}, DOI={https://doi.org/10.1016/j.jhealeco.2022.102689}, journal={Journal of Health Economics}, author={Freise, Diana and Schmitz, Hendrik and Westphal, Matthias}, year={2022} }' chicago: Freise, Diana, Hendrik Schmitz, and Matthias Westphal. “Late-Career Unemployment and Cognitive Abilities.” Journal of Health Economics 86 (2022). https://doi.org/10.1016/j.jhealeco.2022.102689. ieee: 'D. Freise, H. Schmitz, and M. Westphal, “Late-Career Unemployment and Cognitive Abilities,” Journal of Health Economics, vol. 86, 2022, doi: https://doi.org/10.1016/j.jhealeco.2022.102689.' mla: Freise, Diana, et al. “Late-Career Unemployment and Cognitive Abilities.” Journal of Health Economics, vol. 86, 2022, doi:https://doi.org/10.1016/j.jhealeco.2022.102689. short: D. Freise, H. Schmitz, M. Westphal, Journal of Health Economics 86 (2022). date_created: 2022-09-21T13:19:58Z date_updated: 2023-08-18T09:21:26Z department: - _id: '281' - _id: '475' doi: https://doi.org/10.1016/j.jhealeco.2022.102689 intvolume: ' 86' language: - iso: eng main_file_link: - url: https://www.sciencedirect.com/science/article/pii/S0167629622001047 publication: Journal of Health Economics publication_status: published quality_controlled: '1' status: public title: Late-Career Unemployment and Cognitive Abilities type: journal_article user_id: '53779' volume: 86 year: '2022' ... --- _id: '30235' author: - first_name: Matthias full_name: Westphal, Matthias id: '64661' last_name: Westphal - first_name: Daniel A. full_name: Kamhöfer, Daniel A. last_name: Kamhöfer - first_name: Hendrik full_name: Schmitz, Hendrik id: '48879' last_name: Schmitz citation: ama: Westphal M, Kamhöfer DA, Schmitz H. Marginal College Wage Premium under Selection into Employment. Economic Journal. 2022;132(646):2231-2272. doi:10.1093/ej/ueac021 apa: Westphal, M., Kamhöfer, D. A., & Schmitz, H. (2022). Marginal College Wage Premium under Selection into Employment. Economic Journal, 132(646), 2231–2272. https://doi.org/10.1093/ej/ueac021 bibtex: '@article{Westphal_Kamhöfer_Schmitz_2022, title={Marginal College Wage Premium under Selection into Employment}, volume={132}, DOI={10.1093/ej/ueac021}, number={646}, journal={Economic Journal}, author={Westphal, Matthias and Kamhöfer, Daniel A. and Schmitz, Hendrik}, year={2022}, pages={2231–2272} }' chicago: 'Westphal, Matthias, Daniel A. Kamhöfer, and Hendrik Schmitz. “Marginal College Wage Premium under Selection into Employment.” Economic Journal 132, no. 646 (2022): 2231–72. https://doi.org/10.1093/ej/ueac021.' ieee: 'M. Westphal, D. A. Kamhöfer, and H. Schmitz, “Marginal College Wage Premium under Selection into Employment,” Economic Journal, vol. 132, no. 646, pp. 2231–2272, 2022, doi: 10.1093/ej/ueac021.' mla: Westphal, Matthias, et al. “Marginal College Wage Premium under Selection into Employment.” Economic Journal, vol. 132, no. 646, 2022, pp. 2231–72, doi:10.1093/ej/ueac021. short: M. Westphal, D.A. Kamhöfer, H. Schmitz, Economic Journal 132 (2022) 2231–2272. date_created: 2022-03-10T14:31:01Z date_updated: 2023-08-18T09:21:13Z department: - _id: '281' - _id: '475' doi: 10.1093/ej/ueac021 intvolume: ' 132' issue: '646' language: - iso: eng page: 2231-2272 publication: Economic Journal publication_status: published status: public title: Marginal College Wage Premium under Selection into Employment type: journal_article user_id: '53779' volume: 132 year: '2022' ... --- _id: '15073' abstract: - lang: eng text: In this paper, we analyze the effect of light conditions on road accidents and estimate the long run consequences of different time regimes for road safety. Identification is based on variation in light conditions induced by differences in sunrise and sunset times across space and time. We estimate that darkness causes annual costs of more than £500 million in Great Britain. By setting daylight saving time year-round 8 percent of these costs could be saved. Thus, focusing solely on the short run costs related to the transition itself underestimates the total costs of the current time regime. author: - first_name: Christian full_name: Bünnings, Christian last_name: Bünnings - first_name: Valentin full_name: Schiele, Valentin id: '53779' last_name: Schiele citation: ama: 'Bünnings C, Schiele V. Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety. The Review of Economics and Statistics. 2021;103(1):165-176. doi:10.1162/rest_a_00873' apa: 'Bünnings, C., & Schiele, V. (2021). Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety. The Review of Economics and Statistics, 103(1), 165–176. https://doi.org/10.1162/rest_a_00873' bibtex: '@article{Bünnings_Schiele_2021, title={Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety}, volume={103}, DOI={10.1162/rest_a_00873}, number={1}, journal={The Review of Economics and Statistics}, author={Bünnings, Christian and Schiele, Valentin}, year={2021}, pages={165–176} }' chicago: 'Bünnings, Christian, and Valentin Schiele. “Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety.” The Review of Economics and Statistics 103, no. 1 (2021): 165–76. https://doi.org/10.1162/rest_a_00873.' ieee: 'C. Bünnings and V. Schiele, “Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety,” The Review of Economics and Statistics, vol. 103, no. 1, pp. 165–176, 2021, doi: 10.1162/rest_a_00873.' mla: 'Bünnings, Christian, and Valentin Schiele. “Spring Forward, Don’t Fall Back: The Effect of Daylight Saving Time on Road Safety.” The Review of Economics and Statistics, vol. 103, no. 1, 2021, pp. 165–76, doi:10.1162/rest_a_00873.' short: C. Bünnings, V. Schiele, The Review of Economics and Statistics 103 (2021) 165–176. date_created: 2019-11-21T11:50:38Z date_updated: 2022-03-10T13:09:47Z department: - _id: '281' - _id: '475' doi: 10.1162/rest_a_00873 intvolume: ' 103' issue: '1' language: - iso: eng page: 165-176 publication: The Review of Economics and Statistics publication_identifier: issn: - 0034-6535 - 1530-9142 publication_status: published status: public title: 'Spring Forward, Don''t Fall Back: The Effect of Daylight Saving Time on Road Safety' type: journal_article user_id: '53779' volume: 103 year: '2021' ... --- _id: '29152' abstract: - lang: eng text: 'AbstractIn this article we combine Debreu’s (Proc Natl Acad Sci 38(10):886–893, 1952) social system with Hurwicz’s (Econ Design 1(1):1–14, 1994; Am Econ Rev 98(3):577–585, 2008) ideas of embedding a “desired” game form into a “natural” game form that includes all feasible behavior, even if it is “illegal” according to the desired form. For the resulting socio-legal system we extend Debreu’s concepts of a social system and its social equilibria to a socio-legal system with its Debreu–Hurwicz equilibria. We build on a more general version of social equilibrium due to Shafer and Sonnenschein (J Math Econ 2(3):345–348, 1975) that also generalizes the dc-mechanism of Koray and Yildiz (J Econ Theory 176:479–502, 2018) which relates implementation via mechanisms with implementation via rights structures as introduced by Sertel (Designing rights: invisible hand theorems, covering and membership. Tech. rep. Mimeo, Bogazici University, 2001). In the second part we apply and illustrate these new concepts via an application in the narrow welfarist framework of two person cooperative bargaining. There we provide in a socio-legal system based on Nash’s demand game an implementation of the Nash bargaining solution in Debreu–Hurwicz equilibrium.' author: - first_name: Claus-Jochen full_name: Haake, Claus-Jochen id: '20801' last_name: Haake - first_name: Walter full_name: Trockel, Walter last_name: Trockel citation: ama: Haake C-J, Trockel W. Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium. Review of Economic Design. Published online 2021. doi:10.1007/s10058-021-00278-z apa: Haake, C.-J., & Trockel, W. (2021). Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium. Review of Economic Design. https://doi.org/10.1007/s10058-021-00278-z bibtex: '@article{Haake_Trockel_2021, title={Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium}, DOI={10.1007/s10058-021-00278-z}, journal={Review of Economic Design}, publisher={Springer}, author={Haake, Claus-Jochen and Trockel, Walter}, year={2021} }' chicago: Haake, Claus-Jochen, and Walter Trockel. “Socio-Legal Systems and Implementation of the Nash Solution in Debreu–Hurwicz Equilibrium.” Review of Economic Design, 2021. https://doi.org/10.1007/s10058-021-00278-z. ieee: 'C.-J. Haake and W. Trockel, “Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium,” Review of Economic Design, 2021, doi: 10.1007/s10058-021-00278-z.' mla: Haake, Claus-Jochen, and Walter Trockel. “Socio-Legal Systems and Implementation of the Nash Solution in Debreu–Hurwicz Equilibrium.” Review of Economic Design, Springer, 2021, doi:10.1007/s10058-021-00278-z. short: C.-J. Haake, W. Trockel, Review of Economic Design (2021). date_created: 2022-01-04T19:54:03Z date_updated: 2022-11-17T14:24:26Z department: - _id: '205' - _id: '475' doi: 10.1007/s10058-021-00278-z funded_apc: '1' language: - iso: eng project: - _id: '7' name: SFB 901 - Subproject A3 - _id: '1' name: 'SFB 901: SFB 901' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' publication: Review of Economic Design publication_identifier: issn: - 1434-4742 - 1434-4750 publication_status: epub_ahead publisher: Springer status: public title: Socio-legal systems and implementation of the Nash solution in Debreu–Hurwicz equilibrium type: journal_article user_id: '477' year: '2021' ... --- _id: '22715' abstract: - lang: eng text: AbstractUsing data from the German Socio-Economic Panel for 1984–2018, we analyze the intergenerational education mobility of immigrants in Germany by identifying the determinants of differences in educational stocks for first- and second-generation immigrants in comparison to individuals without a migration background. Our results show that on average, first-generation immigrants have fewer years of schooling than native-born Germans and have a disproportionate share of lower educational qualifications. This gap is strongly driven by age at immigration, with immigration age and education revealing a nonlinear relationship. While the gap is relatively small among individuals who migrate at a young age, integrating in the school system at secondary school age leads to large disadvantages. Examining the educational mobility of immigrants in Germany, we identify an inter-generational catch-up in education. The gap in education between immigrants and natives is reduced for the second generation. Finally, we find that country of origin differences can account for much of the education gap. While immigrants with an ethnic background closer to the German language and culture show the best education outcomes, immigrants from Turkey, Italy, and other southern European countries and especially the group of war refugees from Syria, Afghanistan, Iraq and other MENA countries, have the lowest educational attainment. article_type: original author: - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries - first_name: Margarete full_name: Redlin, Margarete id: '135' last_name: Redlin - first_name: Moonum full_name: Zehra, Moonum last_name: Zehra citation: ama: Gries T, Redlin M, Zehra M. Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany. Journal of International Migration and Integration. Published online 2021. doi:10.1007/s12134-021-00863-9 apa: Gries, T., Redlin, M., & Zehra, M. (2021). Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany. Journal of International Migration and Integration. https://doi.org/10.1007/s12134-021-00863-9 bibtex: '@article{Gries_Redlin_Zehra_2021, title={Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany}, DOI={10.1007/s12134-021-00863-9}, journal={Journal of International Migration and Integration}, author={Gries, Thomas and Redlin, Margarete and Zehra, Moonum}, year={2021} }' chicago: Gries, Thomas, Margarete Redlin, and Moonum Zehra. “Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany.” Journal of International Migration and Integration, 2021. https://doi.org/10.1007/s12134-021-00863-9. ieee: 'T. Gries, M. Redlin, and M. Zehra, “Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany,” Journal of International Migration and Integration, 2021, doi: 10.1007/s12134-021-00863-9.' mla: Gries, Thomas, et al. “Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany.” Journal of International Migration and Integration, 2021, doi:10.1007/s12134-021-00863-9. short: T. Gries, M. Redlin, M. Zehra, Journal of International Migration and Integration (2021). date_created: 2021-07-13T08:08:41Z date_updated: 2022-08-23T08:24:35Z department: - _id: '200' - _id: '475' - _id: '202' doi: 10.1007/s12134-021-00863-9 language: - iso: eng publication: Journal of International Migration and Integration publication_identifier: issn: - 1488-3473 - 1874-6365 publication_status: published status: public title: Educational Assimilation of First-Generation and Second-Generation Immigrants in Germany type: journal_article user_id: '135' year: '2021' ... --- _id: '23594' abstract: - lang: eng text: AbstractUsing time series data for the period 1959–2015, our empirical analysis examines the simultaneous effects of the individual components of the global carbon budget on temperature. Specifically, we explore the possible effects of carbon emissions caused by fossil fuel combustion, cement production, land-use change emissions, and carbon sinks (here in terms of land sink and ocean sink) on climate change. The simultaneous inclusion of carbon emissions and carbon sinks allows us to look at the coexistent and opposing effects of the individual components of the carbon budget and thus provides a holistic perspective from which to explore the relationship between the global carbon budget and global warming. The results reveal a significant positive effect of carbon emissions on temperature for both fossil fuels emissions and emissions from land-use change, confirming previous results concerning carbon dioxide and temperature. Further, while ocean sink does not seem to have a significant effect, we identify a temperature-decreasing effect for land sink. article_type: original author: - first_name: Margarete full_name: Redlin, Margarete id: '135' last_name: Redlin - first_name: Thomas full_name: Gries, Thomas id: '186' last_name: Gries citation: ama: 'Redlin M, Gries T. Anthropogenic climate change: the impact of the global carbon budget. Theoretical and Applied Climatology. Published online 2021. doi:10.1007/s00704-021-03764-0' apa: 'Redlin, M., & Gries, T. (2021). Anthropogenic climate change: the impact of the global carbon budget. Theoretical and Applied Climatology. https://doi.org/10.1007/s00704-021-03764-0' bibtex: '@article{Redlin_Gries_2021, title={Anthropogenic climate change: the impact of the global carbon budget}, DOI={10.1007/s00704-021-03764-0}, journal={Theoretical and Applied Climatology}, author={Redlin, Margarete and Gries, Thomas}, year={2021} }' chicago: 'Redlin, Margarete, and Thomas Gries. “Anthropogenic Climate Change: The Impact of the Global Carbon Budget.” Theoretical and Applied Climatology, 2021. https://doi.org/10.1007/s00704-021-03764-0.' ieee: 'M. Redlin and T. Gries, “Anthropogenic climate change: the impact of the global carbon budget,” Theoretical and Applied Climatology, 2021, doi: 10.1007/s00704-021-03764-0.' mla: 'Redlin, Margarete, and Thomas Gries. “Anthropogenic Climate Change: The Impact of the Global Carbon Budget.” Theoretical and Applied Climatology, 2021, doi:10.1007/s00704-021-03764-0.' short: M. Redlin, T. Gries, Theoretical and Applied Climatology (2021). date_created: 2021-09-01T06:20:59Z date_updated: 2022-08-23T08:24:08Z department: - _id: '475' - _id: '200' - _id: '202' doi: 10.1007/s00704-021-03764-0 language: - iso: eng publication: Theoretical and Applied Climatology publication_identifier: issn: - 0177-798X - 1434-4483 publication_status: published status: public title: 'Anthropogenic climate change: the impact of the global carbon budget' type: journal_article user_id: '135' year: '2021' ... --- _id: '45640' abstract: - lang: eng text: "I study a dynamic variant of the Dixitâ\x80\x93Stiglitz (Am Econ Rev 67(3), 1977) model of monopolistic competition by introducing price stickiness à la Fershtman and Kamien (Econometrica 55(5), 1987). The analysis is restricted to bounded quantity and price paths that fulfill the necessary conditions for an open-loop Nash equilibrium. I show that there exists a symmetric steady state and that its stability depends on the degree of product differentiation. When moving from complements to perfect substitutes, the steady state is either a locally asymptotically unstable (spiral) source, a stable (spiral) sink or a saddle point. I further apply the Hopf bifurcation theorem and prove the existence of limit cycles, when passing from a stable to an unstable steady state. Lastly, I provide a numerical example and show that there exists a stable limit cycle." author: - first_name: Simon full_name: Hoof, Simon last_name: Hoof citation: ama: Hoof S. Dynamic Monopolistic Competition. Journal of Optimization Theory and Applications. 2021;189(2). apa: Hoof, S. (2021). Dynamic Monopolistic Competition. Journal of Optimization Theory and Applications, 189(2). bibtex: '@article{Hoof_2021, title={Dynamic Monopolistic Competition}, volume={189}, number={2}, journal={Journal of Optimization Theory and Applications}, publisher={Springer}, author={Hoof, Simon}, year={2021} }' chicago: Hoof, Simon. “Dynamic Monopolistic Competition.” Journal of Optimization Theory and Applications 189, no. 2 (2021). ieee: S. Hoof, “Dynamic Monopolistic Competition,” Journal of Optimization Theory and Applications, vol. 189, no. 2, 2021. mla: Hoof, Simon. “Dynamic Monopolistic Competition.” Journal of Optimization Theory and Applications, vol. 189, no. 2, Springer, 2021. short: S. Hoof, Journal of Optimization Theory and Applications 189 (2021). date_created: 2023-06-15T14:05:25Z date_updated: 2023-07-05T07:23:54Z department: - _id: '205' - _id: '475' intvolume: ' 189' issue: '2' language: - iso: eng project: - _id: '7' grant_number: '160364472' name: 'SFB 901 - A3: SFB 901 - Der Markt für Services: Anreize, Algorithmen, Implementation (Subproject A3)' - _id: '1' grant_number: '160364472' name: 'SFB 901: SFB 901: On-The-Fly Computing - Individualisierte IT-Dienstleistungen in dynamischen Märkten ' - _id: '2' name: 'SFB 901 - A: SFB 901 - Project Area A' publication: Journal of Optimization Theory and Applications publication_identifier: issn: - 1573-2878 publication_status: published publisher: Springer quality_controlled: '1' status: public title: Dynamic Monopolistic Competition type: journal_article user_id: '477' volume: 189 year: '2021' ... --- _id: '17072' author: - first_name: Yuanhua full_name: Feng, Yuanhua last_name: Feng - first_name: Thomas full_name: Gries, Thomas last_name: Gries - first_name: Marlon full_name: Fritz, Marlon last_name: Fritz citation: ama: Feng Y, Gries T, Fritz M. Data-driven local polynomial for the trend and its derivatives in economic time series. Journal of Nonparametric Statistics. 2020:510-533. doi:10.1080/10485252.2020.1759598 apa: Feng, Y., Gries, T., & Fritz, M. (2020). Data-driven local polynomial for the trend and its derivatives in economic time series. Journal of Nonparametric Statistics, 510–533. https://doi.org/10.1080/10485252.2020.1759598 bibtex: '@article{Feng_Gries_Fritz_2020, title={Data-driven local polynomial for the trend and its derivatives in economic time series}, DOI={10.1080/10485252.2020.1759598}, journal={Journal of Nonparametric Statistics}, author={Feng, Yuanhua and Gries, Thomas and Fritz, Marlon}, year={2020}, pages={510–533} }' chicago: Feng, Yuanhua, Thomas Gries, and Marlon Fritz. “Data-Driven Local Polynomial for the Trend and Its Derivatives in Economic Time Series.” Journal of Nonparametric Statistics, 2020, 510–33. https://doi.org/10.1080/10485252.2020.1759598. ieee: Y. Feng, T. Gries, and M. Fritz, “Data-driven local polynomial for the trend and its derivatives in economic time series,” Journal of Nonparametric Statistics, pp. 510–533, 2020. mla: Feng, Yuanhua, et al. “Data-Driven Local Polynomial for the Trend and Its Derivatives in Economic Time Series.” Journal of Nonparametric Statistics, 2020, pp. 510–33, doi:10.1080/10485252.2020.1759598. short: Y. Feng, T. Gries, M. Fritz, Journal of Nonparametric Statistics (2020) 510–533. date_created: 2020-06-02T10:13:05Z date_updated: 2022-01-06T06:53:04Z department: - _id: '200' - _id: '475' - _id: '19' - _id: '202' doi: 10.1080/10485252.2020.1759598 language: - iso: eng page: 510-533 publication: Journal of Nonparametric Statistics publication_identifier: issn: - 1048-5252 - 1029-0311 publication_status: published status: public title: Data-driven local polynomial for the trend and its derivatives in economic time series type: journal_article user_id: '186' year: '2020' ... --- _id: '17074' author: - first_name: Thomas full_name: Gries, Thomas last_name: Gries - first_name: Rainer full_name: Grundmann, Rainer last_name: Grundmann citation: ama: 'Gries T, Grundmann R. Modern sector development: The role of exports and institutions in developing countries. Review of Development Economics. 2020:644-667. doi:10.1111/rode.12663' apa: 'Gries, T., & Grundmann, R. (2020). Modern sector development: The role of exports and institutions in developing countries. Review of Development Economics, 644–667. https://doi.org/10.1111/rode.12663' bibtex: '@article{Gries_Grundmann_2020, title={Modern sector development: The role of exports and institutions in developing countries}, DOI={10.1111/rode.12663}, journal={Review of Development Economics}, author={Gries, Thomas and Grundmann, Rainer}, year={2020}, pages={644–667} }' chicago: 'Gries, Thomas, and Rainer Grundmann. “Modern Sector Development: The Role of Exports and Institutions in Developing Countries.” Review of Development Economics, 2020, 644–67. https://doi.org/10.1111/rode.12663.' ieee: 'T. Gries and R. Grundmann, “Modern sector development: The role of exports and institutions in developing countries,” Review of Development Economics, pp. 644–667, 2020.' mla: 'Gries, Thomas, and Rainer Grundmann. “Modern Sector Development: The Role of Exports and Institutions in Developing Countries.” Review of Development Economics, 2020, pp. 644–67, doi:10.1111/rode.12663.' short: T. Gries, R. Grundmann, Review of Development Economics (2020) 644–667. date_created: 2020-06-02T10:20:50Z date_updated: 2022-01-06T06:53:04Z department: - _id: '19' - _id: '200' - _id: '475' - _id: '202' doi: 10.1111/rode.12663 language: - iso: eng page: 644-667 publication: Review of Development Economics publication_identifier: issn: - 1363-6669 - 1467-9361 publication_status: published status: public title: 'Modern sector development: The role of exports and institutions in developing countries' type: journal_article user_id: '186' year: '2020' ...