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We incorporate culture into a standard trade model in two distinct ways. In the ¡°cultural affinity from work¡± model, workers receive a non- pecuniary cultural benefit from work in a particular industry. In the ¡°cultural externality¡± model, consumers of a product receive utility from...
Persistent link: https://www.econbiz.de/10005556454
This paper presents a model of smoking choice in which rationality is bounded by limitations in intertemporal computational abilities. The model is applied to the youth decision to initiate smoking. Lifetime smoking paths of representative smokers indicate that youths may experience a reduction...
Persistent link: https://www.econbiz.de/10005134613
Economic theories of rational addiction aim to describe consumer behavior in the presence of habit-forming goods. We … many of the unconventional behavioral assumptions employed by theories of rational addiction, including adjacent …, however, that addiction is 'harmful' only when the addict fails to implement the optimal solution. We offer evidence for the …
Persistent link: https://www.econbiz.de/10005135026
dominate his life. This seeming dependence on the drug has nothing to do with addiction or habit formation, but is a …
Persistent link: https://www.econbiz.de/10005135054
Voter turnout is frequently cited as gauging a polity's health. The ease with which electoral members produce political support can, however, retard an economy's productive capacity. For example, while mobile electorates might efficaciously monitor political agents, they may also lack...
Persistent link: https://www.econbiz.de/10005556935
Voter turnout is frequently cited as gauging a polity's health. The ease with which electoral members can produce political support, however, can retard an economy's productive capacity. For example, while mobile electorates might efficaciously monitor political agents, they may also lack...
Persistent link: https://www.econbiz.de/10005561806
Voter turnout is frequently cited as gauging a polity's health. The ease with which electoral members produce political support can, however, retard an economy's productive capacity. For example, while mobile electorates might efficaciously monitor political agents, they may also lack...
Persistent link: https://www.econbiz.de/10005125893