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We study the impact of incomplete consumption risk-sharing on land misallocationin rural economies. We develop a general equilibrium model of land cultivationchoices, where heterogeneous agricultural households face idiosyncratic outputshocks and insure themselves by participating in a risk-sharing arrangement. Incomplete insurance distorts households’ choices, leading them away from maximizing ex
In most real-life binary referendums, there are several alternatives that potentially can challenge the status quo alternative. Depending on which alternative that is selected, the voters are also differently likely to caste their vote on it. The fact that there are several potential challenger alternatives also means that there may exist Condorcet cycles that only can be identified by taking into
The maximum drawdown of a stochastic process is the largest peak-to-troughdecline observed over a given horizon [0, T]. Using arguments from extremevalue theory, we derive the limiting distribution of the maximum drawdown fora Brownian motion with positive drift as T → ∞. We show that, after suitablecentering and scaling, the maximum drawdown converges in distribution to theGumbel law.
https://www.jur.lu.se/angelica-ericsson-0 - 2026-09-09
Forskare Kontaktinformation E-post: maja [dot] hoffmann [at] ses [dot] lu [dot] seOrganisation Institutionen för tjänstevetenskap WebbplatsMaja Hoffmanns profil i Lunds universitets forskningsportal Publikationer Visar av publikationer. Sorterade efter år och sen titel. Filtrera efter typ AllaArtikel i vetenskaplig tidskriftBidrag till encyklopedi/referensverkKapitel samlingsverkRecension av bok/f
https://www.ses.lu.se/maja-hoffmann - 2026-09-09
This paper reports on a test of the validity of Pienemann's (1998) Processability Theory (PT). This theory predicts that certain morphological and syntactic phenomena are acquired in a fixed sequence. Three phenomena were chosen for this study: attributive adjective morphology, predicative adjective morphology, and subordinate clause syntax (placement of negation). These phenomena are located at s
revisit the US stock market during COVID-19 and investigate the effect ofnews sentiment and the pandemic on herding behavior in an extended, dynamic,version of the model introduced in Chang et al. (2000). This extension is motivatedboth econometrically and theoretically and the results indicate that treating herdingas a dynamic phenomena may reveal insights into the mechanisms driving thisbehavio
We analyze the problem of allocating indivisible objects and monetary compensations to a set of agents. In particular, we consider envy-free and budget-balanced rules that are least manipulable with respect to agents counting or with respect to utility gains. A key observation is that, for any profile of quasi-linear preferences, the outcome of any such least manipulable envy-free rule can be obta
This study looks at the effect of losing a parent before the age of 16 on adult income, educational attainment, and health. Using detailed data from the Swedish registers and several methodological strategies, we follow to adulthood individuals born between 1968 and 1981 and observe their later-life outcomes.The results suggest that, in line with previous research, losing a parent during childhood
Better understanding and reducing gender gaps in the labor market remains an important policy goal. We study the role of advice in sustaining these gender gaps using a laboratory experiment. In the experiment, “advisers” advise “workers” to choose between a more ambitious and a less ambitious task based on the worker’s subjective self-assessment. We expected female workers to be less confident and
This paper considers an allocation problem with a finite number of objects and unit-demand agents. The main result is a characterization of a class of strategy-proof price mechanisms on a general domain where preferences over pairs of objects and houses are rational, monotonic, and continuous. A mechanism belongs to this class if and only if the price space is restricted in a special way and, give
What explains variation in military spending? Conventional wisdom suggests that states arm because of either foreign threats or domestic political institutions. The literature treats these factors as distinct and separate (Nordhaus et. al. 2012, Fordham and Walker 2005, Goldsmith 2003). Less attention is given to how states with different internal constraints respond to similar circumstances. This
Bellicist theories of comparative development predict increases in taxation as the result of military rivalries. Others claim that this causal relationship is contingent on particular geographical, institutional, and historical conditions. In this paper, we explore the conditional effects of military rivalries on taxation during the 19th and 20th centuries using time-series cross-section models. W
In this paper, we study how increasing the cognitive demands of multitasking affects time preferences. The novelty of this paper is that it studied how time perception mediates the effect of multitasking on time preferences. Results from experimental psychology have demonstrated that people tend to experience the passage of time as quicker when they are busy with cognitively-demanding tasks. If ti
Abstract not available
We describe the policy consensus in the OECD publication Economic Surveys, by constructing a database that contains both quotations and a quantification of the perceived reform need for 23 OECD countries around 1985, 1995 and 2005. Using the database, we examine whether or not the policy recommendations given by the OECD require welfare state cutbacks. We also examine how reform need correlates wi
This paper quantitatively analyzes the importance of taste versus health in food demand,as well as the effect on consumers’ experienced taste of the non-intrinsic value of healthy labels. Our analysis is based on taste experiments and Vickrey second price auctions on potato chips and bread. Our findings imply a large positive effect on demand for potato chips from higher taste scores: when consume
