Showing 1 - 10 of 24
fully subsidises the cost of the good needed for working, then commodity taxation is uniform under the standard separability …
Persistent link: https://www.econbiz.de/10010877771
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10008853854
Risk aversion (a 2nd order risk preference) is a time-proven concept in economic models of choice under risk. More … recently, the higher order risk preferences of prudence (3rd order) and temperance (4th order) also have been shown to be quite … important. While a majority of the population seems to exhibit both risk aversion and such higher-order risk preferences, a …
Persistent link: https://www.econbiz.de/10010602003
This paper examines the measurement of social welfare, poverty and inequality taking into account reference-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a new notion of equivalent income, the income...
Persistent link: https://www.econbiz.de/10010607471
individuals are found to be more risk averse, in agreement with common findings. Unlike previous studies that ascribed gender … differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding …
Persistent link: https://www.econbiz.de/10005000376
Several empirical studies provide evidence that their actual health state affects people’s attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model...
Persistent link: https://www.econbiz.de/10005406000
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
Experimental studies of the WTP-WTA gap avoid social trading by implementing an incentive compatible mechanism for each individual trader. We compare a traditional random price mechanism and a novel elicitation mechanism preserving social trading, without sacrificing mutual incentive...
Persistent link: https://www.econbiz.de/10010734325
This article studies the effects of tax competition on the provision of public goods under business risk and partial …
Persistent link: https://www.econbiz.de/10010665042
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