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Tax Evasion: Cheating Rationally or Deciding Emotionally?

Coricelli, Giorgio; Joffily, Mateus; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2007

puzzle. In this paper, we investigate the role of emotions as a possible explanation of tax compliance. Our laboratory … perspective of punishment after an audit, especially when the pictures of the evaders are publicly displayed, also raises emotions … intéressons au rôle des émotions comme explication possible de ce phénomène. Notre expérience de laboratoire montre que l …

Persistent link: https://www.econbiz.de/10005100604

Estimating Nonseparable Preference Specifications for Asset Market Participants

Jacobs, Kris - Centre Interuniversitaire de Recherche en Analyse des … - 2001

This paper uses panel data and Euler equations to estimate preference specifications that are nonseparable in consumption and leisure. The econometric analysis uses panel data, and therefore it differs from existing econometric studies that use a representative agent framework. Moreover, the...

Persistent link: https://www.econbiz.de/10005100564

Asset and Commodity Prices with Multiattribute Durable Goods

Detemple, Jérôme B.; Giannikos, Christos I. - Centre Interuniversitaire de Recherche en Analyse des … - 1995

We consider a pure exchange representative agent economy with perishable and durable commodities in which the durable good provides status as well as services. We examine the effects of the durable's attributes on demands and equilibrium prices. When the attributes are perfect substitutes...

Persistent link: https://www.econbiz.de/10005100565

Equilibrium Asset Prices and No-Arbitrage with Portfolio Constraints

Detemple, Jérôme B.; Murthy, Shashidhar - Centre Interuniversitaire de Recherche en Analyse des … - 1997

We examine intertemporal asset pricing when short sales are constrained in proportion to the value of an investor's portfolio. All assets' prices exceed every investor's marginal utility of consumption-based valuation of the associated dividends if every investor finds himself constrained in...

Persistent link: https://www.econbiz.de/10005100668

Emotions, Sanctions and Cooperation

Joffily, Mateus; Masclet, David; Noussair, Charles N.; … - Centre Interuniversitaire de Recherche en Analyse des … - 2011

cooperators relieve negative emotions when they punish free riders. In response, the free-riders experience negative emotions when … de conductance électrodermales ainsi que des mesures d'auto déclaration relatives aux émotions dans le cadre d'un jeu de … contribution volontaire au financement de biens publics avec opportunité de sanction. Les émotions jouent un rôle à la fois sur les …

Persistent link: https://www.econbiz.de/10008833346

Strategically Planned Behavior in Public Good Experiments

Keser, Claudia - Centre Interuniversitaire de Recherche en Analyse des … - 2000

Subjects submitted strategies for playing a public good game. The strategies interacted with each other in a computer simulation. They could be revised and resubmitted for a second and a third simulation round. The strategies' average contribution to the public good increased from one simulation...

Persistent link: https://www.econbiz.de/10005100527

Voluntary Contributions to Reduce Expected Public Losses

Keser, Claudia; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2002

In this experimental study we examine behavior relating to voluntary contributions to reduce expected losses associated, for example, with the occurrence of natural disasters or major industrial accidents. We ask subjects to allocate tokens between a private investment and a public investment....

Persistent link: https://www.econbiz.de/10005100545

Tax Evasion and Social Interactions

Fortin, Bernard; Lacroix, Guy; Villeval, Marie-Claire - Centre Interuniversitaire de Recherche en Analyse des … - 2004

The paper extends the standard tax evasion model by allowing for social interactions. In Manski's (1993) nomenclature, our model takes into account social conformity effects (i.e., endogenous interactions), fairness effects (i.e., exogenous interactions) and sorting effects (i.e., correlated...

Persistent link: https://www.econbiz.de/10005100598

Overbidding in Independant Private-Values Auctions and Misperception of Probabilities

Armantier, Olivier; Treich, Nicolas - Centre Interuniversitaire de Recherche en Analyse des … - 2006

We conduct an experiment to test whether probability misperception may be a possible alternative to risk aversion to explain overbidding in independent first-price private-values auctions. The experimental outcomes indicate that subjects underestimate their probability of winning the auction,...

Persistent link: https://www.econbiz.de/10005100674

Who Gets the Last Word? An Experimental Study of the Effect of a Peer Review Process on the Expression of Social Norms

Engle-Warnick, Jim; Leibbrandt, Andreas - Centre Interuniversitaire de Recherche en Analyse des … - 2006

We alter who gets the last word on the outcome in three different types of trust games: the first mover, the second mover, or, a committee comprised of first and second movers. The committee functions in a manner similar to a peer review process, in which experienced subjects pass judgment on...

Persistent link: https://www.econbiz.de/10005100807