Showing 1 - 10 of 23
We study household decision making in a high-stakes experiment with a random sample of households in rural China. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses’ individual risk preferences are more similar the richer the household and...
Persistent link: https://www.econbiz.de/10005771209
Many economic decisions are made jointly within households. This raises the question about spouses’ relative influence on joint decisions and the determinants of relative influence. Using a controlled experiment (on inter-temporal choice), we let each spouse first make individual decisions and...
Persistent link: https://www.econbiz.de/10008490332
We examine whether and to what extent joint choices are more or less patient and time-consistent than individual choices in households. We use data from an artefactual field experiment where both individual and joint time preferences were elicited. We find a substantial shift from individual to...
Persistent link: https://www.econbiz.de/10010818754
In this paper, we conduct a high stake experiment in rural China to investigate the determinants of individual and joint decisions regarding intertemporal choices, and estimate the relative influence of spouses on the joint decisions. We use the Convex Time Budget experimental method to elicit...
Persistent link: https://www.econbiz.de/10010818755
We augment a standard dictator game to investigate how preferences for an environmental project relate to willingness to limit others’ choices. We explore this issue by distinguishing three student groups: economists, environmental economists, and environmental social scientists. We find that...
Persistent link: https://www.econbiz.de/10008799786
in rural Vietnam at four different points in time from 2005 to 2011. Two of the experiments are natural experiment, one … is a field experiment and one is a public good experiment. Since the experiments were conducted far apart in time, the … these experiments, whether correcting for other covariates or not. This suggests that pro-social preferences are fairly …
Persistent link: https://www.econbiz.de/10011019086
This paper derives Pareto efficient policy rules for the provision of national as well as global public goods in a two-country world, where each individual cares about relative consumption within as well as between countries. Furthermore, we compare these policy rules with those that follow from...
Persistent link: https://www.econbiz.de/10011019110
The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses preferences (where people compare their own current consumption with...
Persistent link: https://www.econbiz.de/10011019117
Common identity and peer punishment have been identified as important means to reduce free riding and to promote cooperation in teamwork settings. This paper examines the relative importance of these two mechanisms, as well as the importance of income distribution in team cooperation. In a...
Persistent link: https://www.econbiz.de/10011019126
Previous studies on public policy under relative consumption concerns have ignored the role of leisure comparisons. This paper considers a two-type optimal nonlinear income tax model where people care both about their relative consumption and their relative leisure. Increased consumption...
Persistent link: https://www.econbiz.de/10005771203