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Does risk attitude depend on whether risk is predetermined 对风险的态度是否取决于风险是否预先确定
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-06 DOI: 10.1016/j.econlet.2025.112418
Di Wang
{"title":"Does risk attitude depend on whether risk is predetermined","authors":"Di Wang","doi":"10.1016/j.econlet.2025.112418","DOIUrl":"10.1016/j.econlet.2025.112418","url":null,"abstract":"<div><div>We identify experimentally a decision-making phenomenon pertaining to pre-decision determination of uncertainty to be revealed after choice. Consequentially speaking, as long as the uncertainty resolution associated with a lottery is revealed only after choice, it should not matter whether this uncertainty is predetermined. We find that the pre-decision determination of risk has an impact on risk attitude. Specifically, subjects are less risk-averse under predetermined risk than under future-determined risk where uncertainty is resolved and revealed after decision-making. Based on the ideas of uncertainty perception and source preference, we offer a brief discussion on possible accounts for the non-neutrality towards predetermined uncertainty.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112418"},"PeriodicalIF":2.1,"publicationDate":"2025-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144255086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A foray into the demarcation of the Gini coefficient 对基尼系数划分的探讨
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-05 DOI: 10.1016/j.econlet.2025.112405
Oded Stark , Grzegorz Kosiorowski
{"title":"A foray into the demarcation of the Gini coefficient","authors":"Oded Stark ,&nbsp;Grzegorz Kosiorowski","doi":"10.1016/j.econlet.2025.112405","DOIUrl":"10.1016/j.econlet.2025.112405","url":null,"abstract":"<div><div>We specify the domain in the income distribution that includes the people to whom income transfers will not increase inequality in that income distribution. Inspired by Sen’s (1973, 1997) characterization of the Gini coefficient as a ratio between a measure of aggregate income-based “depression” (stress) and aggregate income, we inquire as to whether in the wake of an increase of an income or of incomes in a given income distribution, the Gini coefficient does not increase. To this end, we identify the corresponding “safe” domain and show that the pivotal value that demarcates this domain can be elicited from a simple linear function of the Gini coefficient itself. Our rule of demarcation provides for policy interventions that seek to increase a particular income or particular incomes while not exacerbating inequality in the income distribution as measured by the Gini coefficient.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112405"},"PeriodicalIF":2.1,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144571779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Are revisions to state-level GDP data in the US well behaved? 对美国各州GDP数据的修正是否表现良好?
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-05 DOI: 10.1016/j.econlet.2025.112407
James Mitchell, Taylor Shiroff
{"title":"Are revisions to state-level GDP data in the US well behaved?","authors":"James Mitchell,&nbsp;Taylor Shiroff","doi":"10.1016/j.econlet.2025.112407","DOIUrl":"10.1016/j.econlet.2025.112407","url":null,"abstract":"<div><div>No: Revisions to first estimates of quarterly state-level GDP growth tend to be biased, large, and/or predictable using information known at the time of the first estimate.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112407"},"PeriodicalIF":2.1,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144254749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trading off convenience and privacy in social login 在社交登录中权衡便利性和隐私性
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-05 DOI: 10.1016/j.econlet.2025.112409
Jin-Hyuk Kim , Peter Newberry , Liad Wagman
{"title":"Trading off convenience and privacy in social login","authors":"Jin-Hyuk Kim ,&nbsp;Peter Newberry ,&nbsp;Liad Wagman","doi":"10.1016/j.econlet.2025.112409","DOIUrl":"10.1016/j.econlet.2025.112409","url":null,"abstract":"<div><div>Social login enables users of digital services to access third-party websites and mobile applications by leveraging their existing login credentials from large digital platforms. This technology simplifies the login and account creation process, but also raises concerns about user privacy. We examine the trade-off between convenience and privacy in the context of social login and empirically show that users who register for a financial services website using social login exhibit shorter tenures and lower levels of activity on the website compared to other users. These findings suggest that the marginal privacy cost associated with social login is higher than its marginal convenience benefit for most of the users of the platform.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112409"},"PeriodicalIF":2.1,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144261957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Taxing fairly or failing badly? Reduced VAT rates and redistribution 公平征税还是严重失败?降低增值税税率和再分配
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-03 DOI: 10.1016/j.econlet.2025.112425
Federica Lanterna , Mattia Ricci
{"title":"Taxing fairly or failing badly? Reduced VAT rates and redistribution","authors":"Federica Lanterna ,&nbsp;Mattia Ricci","doi":"10.1016/j.econlet.2025.112425","DOIUrl":"10.1016/j.econlet.2025.112425","url":null,"abstract":"<div><div>The application of reduced VAT rates in the EU generally aims to alleviate the regressivity of consumption taxation. However, while these measures generate redistribution across income groups, they also do so within income groups, leading to arbitrary redistribution among households with similar incomes but different consumption patterns. Using the Analysis of Gini (ANOGI) decomposition, we evaluate the redistributive impact of reduced VAT rates across EU Member States. Our results indicate that, while reduced VAT rates lower the regressivity of VAT taxation, their total redistributive effect is modest. This is because the between-group pro-redistributive effect is largely reduced by the within-group anti-redistributive one. This analysis underscores the limited capacity of reduced VAT rates as a tool for redistribution.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112425"},"PeriodicalIF":2.1,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144254696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Gender stereotypes in politics: Insights from social media data 政治中的性别刻板印象:来自社交媒体数据的见解
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-03 DOI: 10.1016/j.econlet.2025.112403
Fernanda Peron , Paula Carvalho Pereda , Felipe Bailez
{"title":"Gender stereotypes in politics: Insights from social media data","authors":"Fernanda Peron ,&nbsp;Paula Carvalho Pereda ,&nbsp;Felipe Bailez","doi":"10.1016/j.econlet.2025.112403","DOIUrl":"10.1016/j.econlet.2025.112403","url":null,"abstract":"<div><div>Analyzing 400,000 WhatsApp messages on politicians, we find that gender stereotypes pose a barrier to women’s political participation in Brazil. Female politicians receive more personal commentaries, and bots spread misogynistic, aggressive narratives, amplifying gendered biases and hostility in social media.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112403"},"PeriodicalIF":2.1,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144261956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Identification of quantile regression models with endogeneity 内生性分位数回归模型的辨识
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-03 DOI: 10.1016/j.econlet.2025.112399
Qian Wang
{"title":"Identification of quantile regression models with endogeneity","authors":"Qian Wang","doi":"10.1016/j.econlet.2025.112399","DOIUrl":"10.1016/j.econlet.2025.112399","url":null,"abstract":"<div><div>The instrumental variables approach is a standard practice to address endogeneity, while it is often challenging to obtain valid and strong instruments in many empirical studies. This paper considers a linear simultaneous triangular system of quantile regressions in the absence of instruments. We establish identification results for this model by leveraging copula of the latent error terms to characterize their dependence structure.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112399"},"PeriodicalIF":2.1,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144205227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Is AI the new corporate monitor? Evidence from excessive on-the-job consumption 人工智能是新的企业监督者吗?工作中过度消费的证据
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-02 DOI: 10.1016/j.econlet.2025.112424
Lang Wu, Lili Ge
{"title":"Is AI the new corporate monitor? Evidence from excessive on-the-job consumption","authors":"Lang Wu,&nbsp;Lili Ge","doi":"10.1016/j.econlet.2025.112424","DOIUrl":"10.1016/j.econlet.2025.112424","url":null,"abstract":"<div><div>Excessive on-the-job consumption (EOJC) represents a manifestation of corporate agency problems that ultimately undermines firm value. As artificial intelligence (AI) applications permeate various aspects of corporate operations, this study examines AI’s impact on EOJC. Analyzing 2788 Chinese manufacturing firms (2007–2022), we find AI implementation significantly reduces EOJC by dissolving hierarchical information barriers to enhance governance quality and curbing managerial discretion through algorithm-driven decision protocols. Further analysis reveals that AI exerts stronger governance effects in highly competitive industries by augmenting existing market discipline mechanisms, while synergizing with information-transparent firms to amplify monitoring efficacy. These findings reveal AI’s potential for institutional transformation in corporate governance systems.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112424"},"PeriodicalIF":2.1,"publicationDate":"2025-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144223358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Iterative refinement of the QZ decomposition for solving linear DSGE models 求解线性DSGE模型的QZ分解迭代改进
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-01 DOI: 10.1016/j.econlet.2025.112411
Johannes Huber , Alexander Meyer-Gohde
{"title":"Iterative refinement of the QZ decomposition for solving linear DSGE models","authors":"Johannes Huber ,&nbsp;Alexander Meyer-Gohde","doi":"10.1016/j.econlet.2025.112411","DOIUrl":"10.1016/j.econlet.2025.112411","url":null,"abstract":"<div><div>We develop an iterative implementation of the QZ method for solving DSGE models. It refines the standard QZ solution and, as demonstrated in a macro-finance application, improves numerical accuracy without altering already accurate solutions.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112411"},"PeriodicalIF":2.1,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144205796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Role of ECX futures in carbon pricing: Intraday evidence from EU-ETS ECX期货在碳定价中的作用:来自EU-ETS的即日证据
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-01 DOI: 10.1016/j.econlet.2025.112401
Charu Vadhava
{"title":"Role of ECX futures in carbon pricing: Intraday evidence from EU-ETS","authors":"Charu Vadhava","doi":"10.1016/j.econlet.2025.112401","DOIUrl":"10.1016/j.econlet.2025.112401","url":null,"abstract":"<div><div>This study investigates the price discovery and volatility spillover between ECX spot and futures prices using high-frequency data for the fourth phase of EU-ETS. The analysis reveals the higher contribution of ECX futures in price formation. Furthermore, volatility spillover analysis shows that volatility transmission occurs predominantly from ECX futures to the spot market, making the ECX futures market a shock (information) transmitter and the spot market a shock (information) receiver in net terms. The informativeness of ECX futures in carbon pricing can be attributed to higher liquidity, higher trading volume, and the presence of informed institutional traders in the ECX futures market.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112401"},"PeriodicalIF":2.1,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144190443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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