The Role of Price in the Behavior and Purchase Decisions of Compulsive Buyers

The present research examines the relationship between consumers’ tendencies to buy compulsively and their response to price based on a survey of customers of an Internet clothing retailer. The research findings suggest that compulsive buyers possess greater knowledge of store prices and are more brand conscious and prestige sensitive in comparison with non-compulsive buyers. Moreover, compulsive buyers derive greater transaction value from price promotions and are more price conscious and sale prone than non-compulsive buyers.     

Der Transmissionsmechanismus der Geldpolitik — eine Ergänzung

In March 2015 Wirtschaftsdienst published the article “The Transmission Mechanism of Monetary Policy — Where is the Boost to Lending?” by Daniel Hagemann and Monika Wohlmann. Manuel Rupprecht asserts in his response that their argumentation concentrates too heavily on credit supply. He points to the importance of credit demand and the declining significance of bank loans. Hagemann and Wohlmann respond by providing detailed information on the sources of company financing and state that more than half of the financing for companies in the eurozone originated from banks.     

External Openness and Economic Growth in Developing Countries

This paper investigates empirically the relationship between two channels of external openness: international trade, foreign direct investment (FDI), and the rate of economic growth implied by the leader–follower model. The predictions of the theory are tested for the group of 97 developing countries in the period of 1974–2006 using static and dynamic panel data estimation methods. The estimation results show that both international trade and FDI positively contribute to growth.     

Old wine in new bottles: Agricultural protectionism in the EC

Intensified efforts have been made in the EC in recent years to close the open flanks of its agricultural trade policy. The advocates of this not only believe that an import substitution policy will solve the problem of surpluses, the budget crisis and the grave income problems in the agricultural sector, but also see it as an opportunity to reduce the widespread price and trade distortions. Are these hopes justified?     

New developments in international agricultural trade

The nineties have seen a number of developments which will have major consequences for international agricultural trade. Will the changed conditions in the world agricultural markets enable less developed countries (LDCs) and Central and Eastern European countries (CEECs) to exploit their comparative advantages better, or will the reforms further squeeze them out of the industrial countries’ markets?     

The Political Feasibility of Increasing the Retirement Age: Lessons from a Ballot on the Female Retirement Age

In 1998, the Swiss voters approved of an increase in the female retirement age within the public pension system from 62 to 64. The referendum, being on a single issue only, offers a unique opportunity to explore the political feasibility of pension reforms and to apply theoretical models of life-cycle decision making. Estimates carried out with municipality data suggest that the outcome of the vote conforms well with predictions drawn from a theoretical model. Young agents, elderly and—to a lesser extent—middle-aged men favor an increase in female retirement age, while middle-aged women strongly oppose it. Richer communities and those with a high proportion of self-employed or a low fraction of blue-collar workers are more likely to opt for a higher retirement age. Ideological preferences and regional differences also play a considerable role.     

Einzelbesprechungen

Ohne Zusammenfassung     

警惕CEO经验陷阱

正越来越多的公司希望雇佣有经验的CEO,然而,新的研究发现这并非总是明智的选择"很多CEO看起来‘功勋赫赫’,他们在某一时点、于某家公司取得了非凡的成绩。简直就是天才。不过,这些CEO的水平到底如何?不妨把他们安置在一个完全不同的位置上,试看他们能否再次取得成功。为了在新的职位上成功,他们必须会听、能懂,理解新职位的文化缘何不同……他们在原来的工作中积累的种种经验将不再奏效。"阿尔奇·诺曼,英国连锁超