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Yan, Ji; Tian, Kun; Dixon, Huw D.; Heravi, Saeed; … - CESifo - 2014

we find that there exists a robust positive relationship between the price paid and the number of store visited. We argue …

Persistent link: https://www.econbiz.de/10010888454

Informal Benchmarks as a Source of Regulatory Threat in Unregulated Utility Sectors

Söderberg, Magnus - CESifo - 2010

price regulation by conforming to customers’ and authorities’ expectations. It is argued that utilities can meet …’ price setting schemes are insensitive to customer complaints, they are significantly influenced by the passive monitoring by …

Persistent link: https://www.econbiz.de/10008534016

International Trade, Risk and the Role of Banks

Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

Persistent link: https://www.econbiz.de/10010948821

Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle

Buchholz, Wolfgang - CESifo - 2014

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …

Persistent link: https://www.econbiz.de/10010948878

Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - CESifo - 2011

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

Persistent link: https://www.econbiz.de/10009364730

Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection

Gary-Bobo, Robert J.; Trannoy, Alain - CESifo - 2013

risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …

Persistent link: https://www.econbiz.de/10010668475

Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas

Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - CESifo - 2013

We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...

Persistent link: https://www.econbiz.de/10010639421

Optimal Policy and the Risk Properties of Human Capital Reconsidered

Anderberg, Dan - CESifo - 2008

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model …

Persistent link: https://www.econbiz.de/10005766081

How Risky is Investment in Human Capital?

Hartog, Joop; Ophem, Hans van; Bajdechi, Simona Maria - CESifo - 2004

The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

Persistent link: https://www.econbiz.de/10005766285

Retrospective Capital Gains Taxation in the Real World

Menoncin, Francesco; Panteghini, Paolo - CESifo - 2009

even if the risk-free asset return is correlated with other risky assets' returns. However, equivalence fails to hold on an …

Persistent link: https://www.econbiz.de/10004979407