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This paper reviews a number of recent contributions that demonstrate that a blend of welfare economics and statistical …
Persistent link: https://www.econbiz.de/10009365007
A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs available...
Persistent link: https://www.econbiz.de/10008528520
This Paper considers a time-inconsistent individual who has the ability to make promises that lead to a financial or reputation loss if broken. We first identify conditions under which promises made are kept, and conditions under which they are (partially) broken. Second, we endogenize the...
Persistent link: https://www.econbiz.de/10005123939
In this paper we organize the literature on the economics of terrorism around seven different topics, offering a … terrorism on fiscal and monetary policies. We conclude with an examination of the economics literature on counter …
Persistent link: https://www.econbiz.de/10005136621
From the viewpoint of the independence axiom of expected utility theory, an interesting empirical dynamic choice …
Persistent link: https://www.econbiz.de/10005136625
intertemporal decisions. The theory has applications in areas as diverse as labour supply, savings and investment, or education and …
Persistent link: https://www.econbiz.de/10005136755
or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self …
Persistent link: https://www.econbiz.de/10005136762
issue by examining personal value priorities of economics students and students from other disciplines. Values are desirable … priorities reported by students of economics are different from those reported by students from other fields: Economists … the value differences between students of economics and students from other disciplines were already apparent before …
Persistent link: https://www.econbiz.de/10005498194
policy implications. Last, applications of this theory to other issues such as self-knowledge, willpower and habit formation …
Persistent link: https://www.econbiz.de/10005504250
two studies examine whether value differences exist between students of economics and other social sciences students. The … final two studies examine how value priorities important to economics students relate to identification with the …
Persistent link: https://www.econbiz.de/10005504550