Showing 1 - 10 of 12
This paper analyzes an agent¡¯s option exercise decision under uncertainty. The agent decides whether and when to do an irreversible activity. He is tempted by immediate gratification and suffers from self-control problems. This paper adopts the Gul and Pensendorfer self- control utility...
Persistent link: https://www.econbiz.de/10005135114
. While temptation is commonly understood to give rise to a demand for commitment, it is shown that `temptation by future … preference reversals supports temptation by future consumption, and suggests that it may not be restricted to short time horizons. …
Persistent link: https://www.econbiz.de/10005413267
Choice may be determined both by a consideration of one's welfare (normative preference) and by desires (temptation … as a primitive and hypothesize that temptation creates a preference for commitment. This paper argues that temptation may … it requires us to observe behavior in the absence of temptation. An alternative approach to providing foundations is …
Persistent link: https://www.econbiz.de/10005413275
involving cheating, including cases of falsification of data and plagiarism, raises some questions: Is cheating a problem? Does …
Persistent link: https://www.econbiz.de/10005556562
Economic theories of rational addiction aim to describe consumer behavior in the presence of habit-forming goods. We provide a biological foundation for this body of work by formally specifying conditions under which it is optimal to form a habit. We demonstrate the empirical validity of our...
Persistent link: https://www.econbiz.de/10005135026
In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit ASsociations. We provide empirical findings which indicate that individuals use their participation in a rosca as a...
Persistent link: https://www.econbiz.de/10005118704
Microfinance—both credit and savings—has potential to improve the well- being of poor women in developing countries. This paper explores practical ways to achieve that potential. Based on lessons from informal saving mechanisms that women already use, the paper proposes two savings services...
Persistent link: https://www.econbiz.de/10005062414
We evaluate the gender wage gap and the unexplained gender wage differential for workers 15-29 year old during the … endogeneity of education and we evaluate gender discrimination by studying the entire distribution of the unexplained wage gap as …
Persistent link: https://www.econbiz.de/10005062765
nevertheless adopted a litany of utopian international goals for universal school enrollment and gender parity in education based … of these, the Millennium Development Goals, call for universal primary schooling and full gender parity by 2015. This … work quantifies how long it has taken countries rich and poor to make the transition towards high enrollments and gender …
Persistent link: https://www.econbiz.de/10005407681
To what extent has government education spending in Pakistan been effective in reducing gender gaps in enrollments? To … gender disparity in access to public subsidy is higher at tertiary level and lowest at primary level, which also reflects …
Persistent link: https://www.econbiz.de/10005408417