IDEAS home Printed from https://ideas.repec.org/p/hce/wpaper/072.html
   My bibliography  Save this paper

News and Noise in Crime Politics: The Role of Announcements and Risk Attitudes

Author

Listed:
  • Wolfgang Maennig

    (Chair for Economic Policy, University of Hamburg)

  • Stefan Wilhelm

    (Chair for Economic Policy, University of Hamburg)

Abstract

We examine the short- and medium-term effects of announcements of changes in anti-crime policies in the distant future (news shocks) and provide a first extension of the analysis to cases where the announced policy changes may not be realized in the end (noise shocks). We further innovate by analyzing the effects of policy changes that increase the variance while holding the expected values of policy instruments constant. We confirm that news shocks can bring about immediate changes in delinquency. However, announcements of tighter anti-crime policies may even increase delinquent activities, at least temporarily. In the case of noise shocks, we observe persistent reactions of potential offenders, indicating that a credible communication strategy may generate an impact on crime politics. Finally, increasing the variance of policy instruments without changing the mean expected detection rate may have similar effects.

Suggested Citation

  • Wolfgang Maennig & Stefan Wilhelm, 2022. "News and Noise in Crime Politics: The Role of Announcements and Risk Attitudes," Working Papers 072, Chair for Economic Policy, University of Hamburg.
    • Handle: RePEc:hce:wpaper:072
    as

    Download full text from publisher

    File URL: http://www.hced.uni-hamburg.de/WorkingPapers/HCED-072.pdf
    File Function: First Version, 2022
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Garoupa, Nuno, 2001. "Optimal magnitude and probability of fines," European Economic Review, Elsevier, vol. 45(9), pages 1765-1771, October.
    2. Eric French, 2005. "The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 72(2), pages 395-427.
    3. Glenn D. Rudebusch & Eric T. Swanson, 2012. "The Bond Premium in a DSGE Model with Long-Run Real and Nominal Risks," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(1), pages 105-143, January.
    4. Gabriel Ahlfeldt, 2010. "Blessing or Curse? Appreciation, Amenities and Resistance around the Berlin "Mediaspree"," Working Papers 032, Chair for Economic Policy, University of Hamburg.
    5. Christian Bjørnskov & Axel Dreher & Justina A.V. Fischer & Jan Schnellenbach, 2009. "On the relation between income inequality and happiness: Do fairness perceptions matter?," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 20, Courant Research Centre PEG.
    6. Steven D. Levitt, 2002. "Using Electoral Cycles in Police Hiring to Estimate the Effects of Police on Crime: Reply," American Economic Review, American Economic Association, vol. 92(4), pages 1244-1250, September.
    7. David A. Anderson, 2021. "The Aggregate Cost of Crime in the United States," Journal of Law and Economics, University of Chicago Press, vol. 64(4), pages 857-885.
    8. Gabriel Ahlfeldt & Wolfgang Maennig, 2010. "Impact of sports arenas on land values: evidence from Berlin," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 44(2), pages 205-227, April.
    9. Paul Beaudry & Franck Portier, 2014. "News-Driven Business Cycles: Insights and Challenges," Journal of Economic Literature, American Economic Association, vol. 52(4), pages 993-1074, December.
    10. Susanto Basu & Brent Bundick, 2017. "Uncertainty Shocks in a Model of Effective Demand," Econometrica, Econometric Society, vol. 85, pages 937-958, May.
    11. Arne Feddersen & Wolfgang Maennig, 2009. "Wage and Employment Effects of the Olympic Games in Atlanta 1996 Reconsidered," Working Papers 0916, International Association of Sports Economists;North American Association of Sports Economists.
    12. Stephen Machin & Olivier Marie & Sunčica Vujić, 2011. "The Crime Reducing Effect of Education," Economic Journal, Royal Economic Society, vol. 121(552), pages 463-484, May.
    13. Arne Feddersen & Wolfgang Maennig, 2005. "Trends in Competitive Balance: Is there Evidence for Growing Imbalance in Professional Sport Leagues?," Working Papers 0012005, Chair for Economic Policy, University of Hamburg.
    14. Olivier J. Blanchard & Jean-Paul L'Huillier & Guido Lorenzoni, 2013. "News, Noise, and Fluctuations: An Empirical Exploration," American Economic Review, American Economic Association, vol. 103(7), pages 3045-3070, December.
    15. Polinsky, A Mitchell & Shavell, Steven, 1999. "On the Disutility and Discounting of Imprisonment and the Theory of Deterrence," The Journal of Legal Studies, University of Chicago Press, vol. 28(1), pages 1-16, January.
    16. David J. Deming, 2011. "Better Schools, Less Crime?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 126(4), pages 2063-2115.
    17. Jesus Fernandez-Villaverde & Pablo Guerron-Quintana & Juan F. Rubio-Ramirez & Martin Uribe, 2011. "Risk Matters: The Real Effects of Volatility Shocks," American Economic Review, American Economic Association, vol. 101(6), pages 2530-2561, October.
    18. Wolfgang Maennig, 2017. "Governance in Sports Organizations," Working Papers 060, Chair for Economic Policy, University of Hamburg.
    19. WOLFGANG MAENNIG & STAN Du PLESSIS, 2007. "World Cup 2010: South African Economic Perspectives And Policy Challenges Informed By The Experience Of Germany 2006," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 578-590, October.
    20. Falch, Torberg & Fischer, Justina A.V., 2012. "Public sector decentralization and school performance: International evidence," Economics Letters, Elsevier, vol. 114(3), pages 276-279.
    21. Arne Feddersen & Wolfgang Maennig, 2013. "Mega-Events And Sectoral Employment: The Case Of The 1996 Olympic Games," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 580-603, July.
    22. Sickles, Robin C. & Williams, Jenny, 2008. "Turning from crime: A dynamic perspective," Journal of Econometrics, Elsevier, vol. 145(1-2), pages 158-173, July.
    23. Gabriel Ahlfeldt, 2007. "If Alonso Was Right: Accessibility as Determinant for Attractiveness of Urban Location," Working Papers 012, Chair for Economic Policy, University of Hamburg.
    24. Gronau, Reuben, 1977. "Leisure, Home Production, and Work-The Theory of the Allocation of Time Revisited," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1099-1123, December.
    25. Shawn D. Bushway & Emily G. Owens, 2013. "Framing Punishment: Incarceration, Recommended Sentences, and Recidivism," Journal of Law and Economics, University of Chicago Press, vol. 56(2), pages 301-331.
    26. MaCurdy, Thomas E, 1981. "An Empirical Model of Labor Supply in a Life-Cycle Setting," Journal of Political Economy, University of Chicago Press, vol. 89(6), pages 1059-1085, December.
    27. Jesús Fernández-Villaverde & Pablo Guerrón-Quintana & Keith Kuester & Juan Rubio-Ramírez, 2015. "Fiscal Volatility Shocks and Economic Activity," American Economic Review, American Economic Association, vol. 105(11), pages 3352-3384, November.
    28. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    29. Wolfgang Maennig, 2012. "London 2012 - das Ende des Mythos vom erfolgreichen Sportsoldaten," Working Papers 044, Chair for Economic Policy, University of Hamburg.
    30. Gregory DeAngelo & Gary Charness, 2012. "Deterrence, expected cost, uncertainty and voting: Experimental evidence," Journal of Risk and Uncertainty, Springer, vol. 44(1), pages 73-100, February.
    31. Fischer, Justina AV & Sousa-Poza, Alfonso, 2010. "The impact of institutions on firms’ rejuvenation policies: Early retirement with severance pay versus simple lay-off. A Cross-European Analysis," MPRA Paper 20343, University Library of Munich, Germany.
    32. Wolfgang Maennig & Florian Schwarthoff, 2006. "Stadium Architecture and regional economic development: International experience and the plans of Durban," Working Papers 200604, Chair for Economic Policy, University of Hamburg.
    33. Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2013. "Urban Renewal after the Berlin Wall," Working Papers 049, Chair for Economic Policy, University of Hamburg.
    34. Malte Heyne & Wolfgang Maennig & Bernd Süssmuth, 2007. "Mega-sporting Events as Experience Goods," Working Papers 0706, International Association of Sports Economists;North American Association of Sports Economists.
    35. Larry G. Epstein & Stanley E. Zin, 2013. "Substitution, risk aversion and the temporal behavior of consumption and asset returns: A theoretical framework," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 12, pages 207-239, World Scientific Publishing Co. Pte. Ltd..
    36. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2019. "Diagnostic Expectations and Stock Returns," Journal of Finance, American Finance Association, vol. 74(6), pages 2839-2874, December.
    37. Maennig Wolfgang & Stobernack Michael, 2011. "Do men slow down faster than women?," Review of Economics, De Gruyter, vol. 62(3), pages 263-278, December.
    38. Gabriel Ahlfeldt & Wolfgang Maennig, 2007. "Assessing External Effects of City Airports: Land Values in Berlin," Working Papers 011, Chair for Economic Policy, University of Hamburg.
    39. De Long, J Bradford & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann, 1990. "Noise Trader Risk in Financial Markets," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 703-738, August.
    40. Stephanie Jasmand & Wolfgang Maennig, 2007. "Regional Income and Employment Effects of the 1972 Munich Olympic Summer Games," Working Papers 0712, International Association of Sports Economists;North American Association of Sports Economists.
    41. Wolfgang Maennig & Markus Wilhelm, 2011. "Becoming (Un)employed and Life Satisfaction: Asymmetric Effects and Potential Omitted Variable Bias in Empirical Happiness Studies," Working Papers 041, Chair for Economic Policy, University of Hamburg.
    42. Wolfgang Maennig & Felix Richter, 2012. "Exports and Olympic Games," Journal of Sports Economics, , vol. 13(6), pages 635-641, December.
    43. Wolfgang Maennig & Viktoria C. E. Schumann, 2022. "Prevention Effect of News Shocks in Anti-Doping Policies," Journal of Sports Economics, , vol. 23(4), pages 431-459, May.
    44. Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016. "Measuring Economic Policy Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
    45. Tom Baker & Alon Harel & Tamar Kugler, 2003. "The Virtues of Uncertainty in Law: An Experimental Approach," Discussion Paper Series dp310, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    46. George Saridakis, 2004. "Violent Crime in the United States of America: A Time-Series Analysis Between 1960–2000," European Journal of Law and Economics, Springer, vol. 18(2), pages 203-221, September.
    47. Halicioglu, Ferda & Andrés, Antonio R. & Yamamura, Eiji, 2012. "Modeling crime in Japan," Economic Modelling, Elsevier, vol. 29(5), pages 1640-1645.
    48. Arne Feddersen & Sven Jacobsen & Wolfgang Maennig, 2009. "Sports Heroes and Mass Sports Participation – The (Double) Paradox of the "German Tennis Boom"," Working Papers 029, Chair for Economic Policy, University of Hamburg.
    49. Arvate, Paulo & Souza, André Portela, 2022. "Armed police and violence: Evidence from a quasi-natural experiment in Brazil," Economic Modelling, Elsevier, vol. 111(C).
    50. Steffen Q. Mueller & Patrick Ring & Maria Schmidt, 2019. "Forecasting economic decisions under risk: The predictive importance of choice-process data," Working Papers 066, Chair for Economic Policy, University of Hamburg.
    51. Lisa Dust & Wolfgang Maennig, 2007. "Shrinking and Growing Metropolitan Areas - Asymmetric Real Estate Price Reactions?," Working Papers 006, Chair for Economic Policy, University of Hamburg.
    52. Arne Feddersen, 2006. "Economic Consequences of the UEFA Champions League for National Championships - The Case of Germany," Working Papers 0012006, Chair for Economic Policy, University of Hamburg.
    53. Francesco Busato & Bruno Chiarini, 2004. "Market and underground activities in a two-sector dynamic equilibrium model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(4), pages 831-861, May.
    54. Christoffel, Kai & Kuester, Keith, 2008. "Resuscitating the wage channel in models with unemployment fluctuations," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 865-887, July.
    55. Richard Blundell & Luigi Pistaferri & Itay Saporta-Eksten, 2016. "Consumption Inequality and Family Labor Supply," American Economic Review, American Economic Association, vol. 106(2), pages 387-435, February.
    56. Libor Dušek & Christian Traxler, 2022. "Learning from Law Enforcement," Journal of the European Economic Association, European Economic Association, vol. 20(2), pages 739-777.
    57. Wolfgang Maennig, 2011. "Monument Protection and Zoning in Germany: Regulations and Public Support from an International Perspective," Working Papers 040, Chair for Economic Policy, University of Hamburg.
    58. Davis, Michael L, 1988. "Time and Punishment: An Intertemporal Model of Crime," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 383-390, April.
    59. Aaron Chalfin & Justin McCrary, 2017. "Criminal Deterrence: A Review of the Literature," Journal of Economic Literature, American Economic Association, vol. 55(1), pages 5-48, March.
    60. Penélope Hernández & Zvika Neeman, 2022. "How Bayesian Persuasion Can Help Reduce Illegal Parking and Other Socially Undesirable Behavior," American Economic Journal: Microeconomics, American Economic Association, vol. 14(1), pages 186-215, February.
    61. Brandon Julio & Youngsuk Yook, 2012. "Political Uncertainty and Corporate Investment Cycles," Journal of Finance, American Finance Association, vol. 67(1), pages 45-84, February.
    62. Nuno Garoupa, 2003. "Behavioral Economic Analysis of Crime: A Critical Review," European Journal of Law and Economics, Springer, vol. 15(1), pages 5-15, January.
    63. W. Maennig & M. Steenbeck & M. Wilhelm, 2014. "Rhythms and cycles in happiness," Applied Economics, Taylor & Francis Journals, vol. 46(1), pages 70-78, January.
    64. Bischoff, Oliver, 2012. "Explaining regional variation in equilibrium real estate prices and income," Journal of Housing Economics, Elsevier, vol. 21(1), pages 1-15.
    65. King, Robert G. & Plosser, Charles I. & Rebelo, Sergio T., 1988. "Production, growth and business cycles : I. The basic neoclassical model," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 195-232.
    66. Franziska K. Kruse & Wolfgang Maennig, 2017. "The future development of world records," Working Papers 061, Chair for Economic Policy, University of Hamburg.
    67. Blesse, Sebastian & Diegmann, André, 2022. "The place-based effects of police stations on crime: Evidence from station closures," Journal of Public Economics, Elsevier, vol. 207(C).
    68. Richard B. Freeman, 1996. "Why Do So Many Young American Men Commit Crimes and What Might We Do about It?," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 25-42, Winter.
    69. Gabriel Ahlfeldt & Wolfgang Maennig, 2008. "Monument Protection: Internal and External Price Effects," Working Papers 017, Chair for Economic Policy, University of Hamburg.
    70. Fernández-Villaverde, J. & Rubio-Ramírez, J.F. & Schorfheide, F., 2016. "Solution and Estimation Methods for DSGE Models," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 527-724, Elsevier.
    71. R?diger Bachmann & Steffen Elstner & Eric R. Sims, 2013. "Uncertainty and Economic Activity: Evidence from Business Survey Data," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(2), pages 217-249, April.
    72. Frank Smets & Rafael Wouters, 2007. "Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach," American Economic Review, American Economic Association, vol. 97(3), pages 586-606, June.
    73. Maennig, Wolfgang & Ahlfeldt, Gabriel M. & Steenbeck, Malte, 2016. "Après nous le déluge? Direct democracy and intergenerational conflicts in aging societies," VfS Annual Conference 2016 (Augsburg): Demographic Change 145793, Verein für Socialpolitik / German Economic Association.
    74. Wolfgang Maennig & Christopher Vierhaus, 2015. "Who Wins Olympic Bids?," Working Papers 050, Chair for Economic Policy, University of Hamburg.
    75. Wolfgang Maennig & Steffen Q. Mueller, 2021. "Heterogeneous consumer preferences for product quality and uncertainty," Working Papers 070, Chair for Economic Policy, University of Hamburg.
    76. Renzo Orsi & Davide Raggi & Francesco Turino, 2014. "Size, Trend, and Policy Implications of the Underground Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 417-436, July.
    77. Steffen Q. Mueller, 2020. "Pre- and within-season attendance forecasting in Major League Baseball: a random forest approach," Applied Economics, Taylor & Francis Journals, vol. 52(41), pages 4512-4528, September.
    78. Sebastian Brandt & Wolfgang Maennig & Felix Richter, 2013. "Do places of worship affect housing prices? Evidence from Germany," Working Papers 048, Chair for Economic Policy, University of Hamburg.
    79. Joshi, Swarup, 2022. "How effective are Governor's party affiliated campaign promises on crime? Evidence from U.S. states," Economic Modelling, Elsevier, vol. 113(C).
    80. Andreas Eckert & Wolfgang Maennig, 2021. "Pharma-Innovationen: Überragende Position der USA und Schwächen der deutschen universitären und außeruniversitären Forschung," Working Papers 068, Chair for Economic Policy, University of Hamburg.
    81. Stan Du Plessis & Wolfgang Maennig, 2010. "The 2010 World Cup High-Frequency Data Economics: Effects on International Awareness and (Self-Defeating) Tourism," Working Papers 037, Chair for Economic Policy, University of Hamburg.
    82. Pyne, Derek, 2012. "Deterrence: Increased enforcement versus harsher penalties," Economics Letters, Elsevier, vol. 117(3), pages 561-562.
    83. Lemieux, Thomas & Fortin, Bernard & Frechette, Pierre, 1994. "The Effect of Taxes on Labor Supply in the Underground Economy," American Economic Review, American Economic Association, vol. 84(1), pages 231-254, March.
    84. Gabriel Ahlfeldt, 2008. "The Train has Left the Station: Real Estate Price Effects of Mainline Realignment in Berlin," Working Papers 019, Chair for Economic Policy, University of Hamburg.
    85. Harel, Alon & Segal, Uzi, 1999. "Criminal Law and Behavioral Law and Economics: Observations on the Neglected Role of Uncertainty in Deterring Crime," American Law and Economics Review, American Law and Economics Association, vol. 1(1-2), pages 276-312, Fall.
    86. Gabriel Ahlfeldt, 2007. "A New Central Station for a Unified City: Predicting Impact on Property Prices for Urban Railway Network Extensions in Berlin," Working Papers 013, Chair for Economic Policy, University of Hamburg.
    87. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    88. Bruce L. Benson & Paul R. Zimmerman (ed.), 2010. "Handbook on the Economics of Crime," Books, Edward Elgar Publishing, number 13180.
    89. Viktoria C. E. Langer & Wolfgang Maennig & Felix J. Richter, 2015. "News shocks in the data: Olympic Games and their macroeconomic effects – Reply," Working Papers 052, Chair for Economic Policy, University of Hamburg.
    90. Wolfgang Maennig, 2022. "Auch in Peking 2022: Relativ schwache Medaillenausbeute der SportsoldatInnen," Working Papers 071, Chair for Economic Policy, University of Hamburg.
    91. Maribeth Coller & Melonie Williams, 1999. "Eliciting Individual Discount Rates," Experimental Economics, Springer;Economic Science Association, vol. 2(2), pages 107-127, December.
    92. Gabriel Ahlfeldt & Nicolai Wendeland, 2008. "Fifty Years of Urban Accessibility: The Impact of Urban Railway Network on the Land Gradient in Industrializing Berlin," KOF Working papers 08-208, KOF Swiss Economic Institute, ETH Zurich.
    93. Ahlfeldt Gabriel M. & Maennig Wolfgang, 2010. "Impact of Non-smoking Ordinances on Hospitality Revenues: The Case of Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(5), pages 506-521, October.
    94. Paolo Pinotti, 2015. "The Economic Costs of Organised Crime: Evidence from Southern Italy," Economic Journal, Royal Economic Society, vol. 125(586), pages 203-232, August.
    95. Helmut Grothe & Wolfgang Maennig, 2017. "A 100-million-dollar fine for Russia's doping policy? A billion-dollar penalty would be more correct! Millionenstrafe für Russlands Doping-Politik? Eine Milliarden-Strafe wäre richtiger!," Working Papers 063, Chair for Economic Policy, University of Hamburg.
    96. Stan du Plessis & Wolfgang Maennig, 2007. "World Cup 2010: South African Economic Perspectives and Perspectives Policy Challenges Informed by the Experience of Germany 2006," Working Papers 004, Chair for Economic Policy, University of Hamburg.
    97. Renzo Orsi & Davide Raggi & Francesco Turino, 2014. "Size, Trend, and Policy Implications of the Underground Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(3), pages 417-436, July.
    98. Guido Lorenzoni, 2009. "A Theory of Demand Shocks," American Economic Review, American Economic Association, vol. 99(5), pages 2050-2084, December.
    99. Ehrlich, Isaac, 1973. "Participation in Illegitimate Activities: A Theoretical and Empirical Investigation," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 521-565, May-June.
    100. Wolfgang Maennig, 2015. "Ensuring good governance and preventing corruption in the planning of major sporting events – open issues," Working Papers 051, Chair for Economic Policy, University of Hamburg.
    101. Wolfgang Maennig, 2017. "Major Sports Events: Economic Impact," Working Papers 058, Chair for Economic Policy, University of Hamburg.
    102. Gabriel Ahlfeldt & Wolfgang Maennig & Tobias Osterheider, 2009. "Regional and Sectoral Effects of a Common Monetary Policy: Evidence from Euro Referenda in Denmark and Sweden," Working Papers 028, Chair for Economic Policy, University of Hamburg.
    103. Wolfgang Maennig & Christopher Vierhaus, 2016. "Which countries bid for the Olympic Games? Economic, political, and social factors and chances of winning," Working Papers 055, Chair for Economic Policy, University of Hamburg.
    104. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wolfgang Maennig, 2023. "Centralization in National High-Performance Sports Systems: Reasons, Processes, Dimensions, Characteristics, and Open Questions," Working Papers 073, Chair for Economic Policy, University of Hamburg.
    2. Leo Doerr, 2024. "Aid and growth: Asymmetric effects?," Working Papers 076, Chair for Economic Policy, University of Hamburg.
    3. Wolfgang Maennig & Stefan Wilhelm, 2023. "Crime Prevention Effects of Data Retention Policies," Working Papers 074, Chair for Economic Policy, University of Hamburg.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wolfgang Maennig, 2023. "Centralization in National High-Performance Sports Systems: Reasons, Processes, Dimensions, Characteristics, and Open Questions," Working Papers 073, Chair for Economic Policy, University of Hamburg.
    2. Wolfgang Maennig & Stefan Wilhelm, 2023. "Crime Prevention Effects of Data Retention Policies," Working Papers 074, Chair for Economic Policy, University of Hamburg.
    3. Steffen Q. Mueller & Patrick Ring & Maria Schmidt, 2019. "Forecasting economic decisions under risk: The predictive importance of choice-process data," Working Papers 066, Chair for Economic Policy, University of Hamburg.
    4. Steffen Q. Mueller, 2020. "Pre- and within-season attendance forecasting in Major League Baseball: a random forest approach," Applied Economics, Taylor & Francis Journals, vol. 52(41), pages 4512-4528, September.
    5. Leo Doerr, 2024. "Aid and growth: Asymmetric effects?," Working Papers 076, Chair for Economic Policy, University of Hamburg.
    6. Franziska K. Kruse & Wolfgang Maennig, 2019. "Yellow Cards and Suspension by Choice: Determinants and Asymmetries," Working Papers 064, Chair for Economic Policy, University of Hamburg.
    7. Franziska K. Kruse & Wolfgang Maennig, 2017. "The future development of world records," Working Papers 061, Chair for Economic Policy, University of Hamburg.
    8. Wolfgang Maennig, 2017. "Governance in Sports Organizations," Working Papers 060, Chair for Economic Policy, University of Hamburg.
    9. Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2017. "Zoning in reunified Berlin," Working Papers 059, Chair for Economic Policy, University of Hamburg.
    10. Wolfgang Maennig, 2017. "Major Sports Events: Economic Impact," Working Papers 058, Chair for Economic Policy, University of Hamburg.
    11. Wolfgang Maennig, 2017. "Public Referenda and Public Opinion on Olympic Games," Working Papers 057, Chair for Economic Policy, University of Hamburg.
    12. Justina A.V. Fischer & Alfonso Sousa-Poza, 2010. "The Impact of Institutions on Firms’ Rejuvenation Policies: Early Retirement with Severance Pay versus Simple Lay-Off. A Cross-European Analysis," Working Papers 034, Chair for Economic Policy, University of Hamburg.
    13. Falch, Torberg & Fischer, Justina A.V., 2012. "Public sector decentralization and school performance: International evidence," Economics Letters, Elsevier, vol. 114(3), pages 276-279.
    14. Wolfgang Maennig & Viktoria C. E. Schumann, 2022. "Prevention Effect of News Shocks in Anti-Doping Policies," Journal of Sports Economics, , vol. 23(4), pages 431-459, May.
    15. Jesus Fernandez-Villaverde & Pablo Guerron-Quintana, 2020. "Uncertainty Shocks and Business Cycle Research," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 118-166, August.
    16. Bonciani, Dario & Oh, Joonseok Jason, 2019. "The long-run effects of uncertainty shocks," Bank of England working papers 802, Bank of England.
    17. N. Bloom, 2016. "Fluctuations in uncertainty," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    18. Bandi, Federico M. & Bretscher, Lorenzo & Tamoni, Andrea, 2023. "Return predictability with endogenous growth," Journal of Financial Economics, Elsevier, vol. 150(3).
    19. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2019. "Response of the Macroeconomy to Uncertainty Shocks:the Risk Premium Channel," 2019 Meeting Papers 1567, Society for Economic Dynamics.
    20. Isoré, Marlène & Szczerbowicz, Urszula, 2017. "Disaster risk and preference shifts in a New Keynesian model," Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 97-125.

    More about this item

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hce:wpaper:072. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wolfgang Maennig (email available below). General contact details of provider: https://edirc.repec.org/data/ihhamde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.