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The value of information regarding risk class for a monopoly insurer and its customers is examined in both symmetric and asymmetric information environments. A monopolist always prefers contracting with uninformed customers as this maximizes the rent extracted under symmetric information while...
Persistent link: https://www.econbiz.de/10011300312
Studies regularly link levels of educational attainment to civic behavior and attitudes, but only a few investigate the role played by specific coursework. Using data collected from students who attended one of four public universities in our study, we investigate the relationship between...
Persistent link: https://www.econbiz.de/10010287146
Studies regularly link levels of educational attainment to civic behavior and attitudes, but only a few investigate the role played by specific coursework. Using data collected from students who attended one of four public universities in our study, we investigate the relationship between...
Persistent link: https://www.econbiz.de/10008657282
This study uses a combined measure of financial literacy or financial knowledge that includes both a test score of actual financial knowledge and a self-assessment of overall financial knowledge. The combined measure provides greater understanding about how financial knowledge affects financial...
Persistent link: https://www.econbiz.de/10013122050
A combined measure of financial literacy that includes both a test score of actual financial literacy and a self-rating of overall financial literacy is used in this study. We find that the combined measure provides greater understanding about how financial literacy affects financial behaviors....
Persistent link: https://www.econbiz.de/10013096252
A conclusion of applied welfare economics is that marginal redistributions of income are inefficient [Browning and Johnson (1984), Ballard (1988)]. Yet, most of this literature ignores the fact that households can make tax-deductible gifts to private charity that alter the welfare cost of a...
Persistent link: https://www.econbiz.de/10014067135
Persistent link: https://www.econbiz.de/10014414050
Studies regularly link levels of educational attainment to civic behavior and attitudes, but only a few investigate the role played by specific coursework. Using data collected from students who attended one of four public universities in our study, we investigate the relationship between...
Persistent link: https://www.econbiz.de/10013142689
Studies regularly link levels of educational attainment to civic behavior and attitudes, but only a few investigate the role played by specific coursework. Using data collected from students who attended one of four public universities in our study, we investigate the relationship between...
Persistent link: https://www.econbiz.de/10008493879
Warm–glow utility mitigates concerns that public giving crowds–out private giving dollar–for–dollar. Warm glow also means that utility is decreasing in the giving of others, ceteris paribus, and the willingness to pay for altruism is smaller (at the margin) if altruistic households have...
Persistent link: https://www.econbiz.de/10010788113