Reversal and magnitude effects in long-term time preferences: results from a field experiment

We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which contradicts the usual magnitude effect finding.

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Year of publication:	2013
Authors:	Bocqueho, Géraldine ; Jacquet, Florence ; Reynaud, Arnaud
Institutions:	Département Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2), Institut National de la Recherche Agronomique (INRA)
Subject:	time preferences \| experimental economics \| discounting \| farmers \| france

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters 108 pages long111
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010780278