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The Two Transitions in Central and Eastern Europe and the Relation between Path Dependent and Politically Implemented Institutional Change AgEcon
Zweynert, Joachim; Goldschmidt, Nils.
The increasing gap between the formerly socialist countries of Central and Eastern Europe (CE & EE) with regard to both their economic and political performance cannot be explained by their different starting conditions after the breakdown of the Soviet Union alone. Rather, it is due to cultural and historical circumstances that shape the particular tradition and societal environment. Taking a cultural approach and referring to the newer literature on the transfer of institutions, we try to improve the understanding of the interrelation between formal and informal institutions. Our central thesis is that the "reaction rate" of informal institutions depends on their compatibility with imported formal institutions. The transition processes in CE & EE...
Tipo: Working or Discussion Paper Palavras-chave: Cultural Economics; Institutions; Transition; Path Dependence.; Institutional and Behavioral Economics; Z10; P51.
Ano: 2005 URL: http://purl.umn.edu/26391
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Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation AgEcon
Alberini, Anna; Longo, Alberto.
We use contingent valuation to place a value on the conservation of built cultural heritage sites in Armenia. When we present the hypothetical scenario in the questionnaire we spell out what would happen to the monuments in the absence of the government conservation program. We posit that respondents combine such information with their own prior beliefs, which the questionnaire also elicits, and that the WTP for the good or program is likely to be affected by these updated beliefs. We propose a Bayesian updating model of prior beliefs, and empirically implement it using the data from our survey. We find that uncertainty about what would happen to the monument in the absence of the program results in lower WTP amounts. .
Tipo: Working or Discussion Paper Palavras-chave: Valuation of Cultural Heritage Sites; Non-Market Valuation; Contingent Valuation; Bayesian Updating; Prior Beliefs; Environmental Economics and Policy; Z10.
Ano: 2007 URL: http://purl.umn.edu/9337
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Expert opinion and cuisine reputation in the market for restaurant meals AgEcon
Fogarty, James Joseph.
As food is an experience good, the market for restaurant meals is a market where the cost of acquiring information regarding quality is relatively high. In such markets consumers often turn to reputation measures to guide purchase decisions. As Australia does not have a longstanding cuisine style of its own, and given Australia has been open to substantial immigration inflows since federation, it represents an especially appropriate market to study regarding the impact of individual restaurant reputation and collective cuisine reputation on meal prices. The following study uses the hedonic price approach to investigate the implicit price of individual reputation indicators, cuisine type reputation indicators, and other objective indicators in the market...
Tipo: Conference Paper or Presentation Palavras-chave: Expert Opinion; Food; Hedonic Pricing; Research Methods/ Statistical Methods; D12; Q18; Z10.
Ano: 2010 URL: http://purl.umn.edu/59078
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The economics of ethical behaviour and environmental management AgEcon
Schilizzi, Steven.
Ethics and economics have long been viewed, if not as being incompatible, at least as being at odds with each other. This has often translated in the field of environmental policy and management into radical opposition between supporters of economic performance and environmentalists. It has seemed that the ethics of economics and that of environmental preservation were themselves at odds. The discussion has opposed utilitarian and duty-based philosophies. Ultimately, the firm manager, especially when under financial pressure, must decide between keeping the firm in business and doing the right thing for the environment. This view of things is now itself at odds with reality. One needs to explain why an increasing number of firms, both big and small, are...
Tipo: Presentation Palavras-chave: Environmental Economics and Policy; Institutional and Behavioral Economics; Z10; A12; L20; M20; Q29.
Ano: 2000 URL: http://purl.umn.edu/123729
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Shared Mental Models, Catch-up Development and Economic Policy-Making: The Case of Germany after World War II and Its Significance for Contemporary Russia AgEcon
Zweynert, Joachim.
The paper deals with the connection between politically induced catch-up development, cultural and intellectual traditions and economic order in Germany and Russia. It is argued that in the history of both countries we encounter significant structural parallels, including the totalitarian experience. After World War II the German political elite managed to implement capitalism in a country, the population of which was still hostile towards capitalism. The key to success was that the German political rulers, in contrast to the Russian "young reformers" of the early 1990s, from the beginning on took into account the shared mental models prevailing in Germany. Therefore some lessons may be drawn from the German historical experience in regard to today's Russia.
Tipo: Working or Discussion Paper Palavras-chave: Cultural Economics; Economic Development; Transition; Totalitarianism; International Development; B25; P51; Z10.
Ano: 2004 URL: http://purl.umn.edu/26304
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Social Capital and Political Accountability AgEcon
Nannicini, Tommaso; Stella, Andrea; Tabellini, Guido; Troiano, Ugo.
Replaced with revised version of paper 02/05/12.
Tipo: Working or Discussion Paper Palavras-chave: Social Capital; Culture; Political Agency; Labor and Human Capital; D72; D73; Z10.
Ano: 2010 URL: http://purl.umn.edu/90944
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