WP 2022-08. We investigate the effect of rising temperatures on regional economic development, using annual sub-national data for over 1,500 regions in 155 countries between 1990 and 2017. In a…
Attached documents
" ["post_title"]=> string(124) "Is temperature adversely related to economic growth? Evidence on the short-run and the long-run links from sub-national data" ["post_excerpt"]=> string(11) "WP 2021-07." ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(94) "is-temperature-adversely-related-to-economic-growth-evidence-on-the-short-run-and-the-long-run" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2022-07-15 12:43:52" ["post_modified_gmt"]=> string(19) "2022-07-15 12:43:52" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(163) "https://en.irefeurope.org/publications/working-paper-series/article-is-temperature-adversely-related-to-economic-growth-evidence-on-the-short-run-and-the-long-run/" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [5]=> object(WP_Post)#9336 (24) { ["ID"]=> int(33626) ["post_author"]=> string(3) "125" ["post_date"]=> string(19) "2020-11-11 07:35:36" ["post_date_gmt"]=> string(19) "2020-11-11 07:35:36" ["post_content"]=> string(1688) "
WP 2020-07.
Decisions in laboratory experiments often reveal departures from the rational decision maker framework. These findings have been employed to legitimize a paternalistic approach for the government calling for policies that protect citizens from their own behavioral biases. This paper argues against such an approach. First, we review experimental evidence showing that, if they are given the chance, subjects delegate some complicated decisions to other agents. Second, we develop a framework in which individuals who suffer from a behavioral bias may delegate some decisions to other individuals who have the ability/technology to help them solving this bias. We show that introducing a market for solutions to behavioral biases reduces the likelihood of biased behavior. Finally, we explore more standard government remedies (i.e., taxes) and show that market solutions can dominate such government interventions. To download the paper, please click on the icon below. stadelmanntorrens_delegation_final_11_11_2020.pdf
Attached documents
" ["post_title"]=> string(57) "Behavioral Biases: How Markets Can Outperform Paternalism" ["post_excerpt"]=> string(11) "WP 2020-07." ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(56) "behavioral-biases-how-markets-can-outperform-paternalism" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2022-07-15 12:42:13" ["post_modified_gmt"]=> string(19) "2022-07-15 12:42:13" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(125) "https://en.irefeurope.org/publications/working-paper-series/article-behavioral-biases-how-markets-can-outperform-paternalism/" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [6]=> object(WP_Post)#9402 (24) { ["ID"]=> int(33468) ["post_author"]=> string(3) "153" ["post_date"]=> string(19) "2020-03-31 15:21:27" ["post_date_gmt"]=> string(19) "2020-03-31 15:21:27" ["post_content"]=> string(1614) "
WP 2020-02. A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from a societal, historical, and cultural perspective. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource, namely people who have immunity to Corona. This vital resource must be employed effectively, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic, but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for awareness of a secondary non-biological crisis arising from the side effects of pandemic reactions. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event from a health and societal perspective. To download the paper, please click on the icon below. eichenberger_et_al._final.pdf
Attached documents
" ["post_title"]=> string(80) "Certified Corona-Immunity as a Resource and Strategy to Cope with Pandemic Costs" ["post_excerpt"]=> string(1024) "WP 2020-02. A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from a societal, historical, and cultural perspective. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource, namely people who have immunity to Corona. This vital resource must be employed effectively, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic, but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for awareness of a secondary non-biological crisis arising from the side effects of pandemic reactions. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event from a health and societal perspective. To download the paper, please click on the icon below. " ["post_status"]=> string(7) "publish" ["comment_status"]=> string(4) "open" ["ping_status"]=> string(4) "open" ["post_password"]=> string(0) "" ["post_name"]=> string(80) "certified-corona-immunity-as-a-resource-and-strategy-to-cope-with-pandemic-costs" ["to_ping"]=> string(0) "" ["pinged"]=> string(0) "" ["post_modified"]=> string(19) "2022-07-15 13:10:58" ["post_modified_gmt"]=> string(19) "2022-07-15 13:10:58" ["post_content_filtered"]=> string(0) "" ["post_parent"]=> int(0) ["guid"]=> string(149) "https://en.irefeurope.org/publications/working-paper-series/article-certified-corona-immunity-as-a-resource-and-strategy-to-cope-with-pandemic-costs/" ["menu_order"]=> int(0) ["post_type"]=> string(4) "post" ["post_mime_type"]=> string(0) "" ["comment_count"]=> string(1) "0" ["filter"]=> string(3) "raw" } [7]=> object(WP_Post)#9337 (24) { ["ID"]=> int(33424) ["post_author"]=> string(3) "125" ["post_date"]=> string(19) "2020-01-21 12:08:31" ["post_date_gmt"]=> string(19) "2020-01-21 12:08:31" ["post_content"]=> string(2110) "
WP 2020-01.
Politicians have multiple principals. We investigate the weights that politicians put on the revealed preferences of their constituents, special interest groups and party when deciding on legislative proposals. Preferences of constituents, special interest groups and parties are directly observed in our setting and they are positively correlated among each other. The empirical findings suggest that constituent preferences are assigned the lowest weight. Holding constant the preferences of other principals, constituent preferences are assigned a weight of only 10.0%. Party preferences are assigned the highest weight of all principals and special interest groups lie in between. A politician’s personal ideology plays no substantial role in legislative decisions. We explore conflict among principals as well as heterogeneity among politicians. Our results cast doubt on the empirical relevance of the median voter model and suggest that more principals need to be considered to explain legislative decisions. To download the paper, please click on the icon below. iref_working_paper_series__who_is_the_ultimate_boss_of_legislators_voters_special_interest_groups_or_parties_.pdf
Attached documents
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Consumer prices started rising in 2021, and the rise has quickly gathered speed. Many politicians and central bankers were caught by surprise. They initially claimed that price inflation was provoked…
WP 2022-04. When the supply of money increases and the supply of goods remains the same, inflation occurs. Thus, inflation is a monetary phenomenon. We discuss the essence of inflation…
According to the recent report by the United Nations Intergovernmental Panel on Climate Change (IPCC), the global average temperature increase over the period 1850–1900 was about 1.1°C by the 2010s. Several countries in the world have seen increases in average temperatures approaching 2°C. From 1820 to 2016, gross domestic product (GDP) per capita in most of the Western world grew by about 25 times, and in the non-Western world by 13.5 times. This economic growth has been associated with enormous improvements in different indicators of human well-being, such as higher life expectancy, lower child mortality, and lower malnutrition.
Working Paper Series
Certified Corona-Immunity as a Resource and Strategy to Cope with Pandemic Costs
WP 2020-02.
A pandemic is not only a biological event and a public health disaster, but it also generates impacts that are worth understanding from a societal, historical, and cultural perspective. In this contribution, we argue that as the disease spreads, we are able to harness a valuable key resource, namely people who have immunity to Corona. This vital resource must be employed effectively, it must be certified, it must be searched for, it must be found, and it may even be actively produced. We discuss why this needs to be done and how this can be achieved. Our arguments not only apply to the current pandemic, but also to any future rapidly spreading, infectious disease epidemics. In addition, we argue for awareness of a secondary non-biological crisis arising from the side effects of pandemic reactions. There is a risk that the impacts of the secondary crisis could outweigh that of the biological event from a health and societal perspective.
To download the paper, please click on the icon below.