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This paper examines the determinants of tax evasion under prospect theory. For prospect theory, reference dependence is a fundamental element (the utility function depends on gains and losses relative to a reference point and not on final wealths as in expected utility theory). In order to...
Persistent link: https://www.econbiz.de/10010933897
This paper studies the optimal transition from existing coal power plants to gas and renewable power under a carbon budget. It solves a model of polluting, exhaustible resources with capacity constraints and adjustment costs (to build coal, gas, and renewable power plants). It finds that optimal...
Persistent link: https://www.econbiz.de/10010890090
This article investigates the co-evolution of labor relationships and workers preferences. According to recent experimental economics findinggs on social preferences, the workforce is assumed to be heterogeneous. It is composed by both cooperative and non-cooperative workers. In addition, firms...
Persistent link: https://www.econbiz.de/10010750372
Climate change mitigation requires to replace preexisting carbon-intensive capital with different types of cleaner capital. Coal power and inefficient thermal engines may be phased out by gas power and efficient thermal engines or by renewable power and electric vehicles. We derive the optimal...
Persistent link: https://www.econbiz.de/10010739038
After having stated some definitions and specified the legal and tax status of nonprofit organizations in France and the USA, this paper begins by comparing the scope of the American and the French third sectors, their structure and resources, using data from the Johns Hopkins Comparative...
Persistent link: https://www.econbiz.de/10010603628
Most of the current studies focusing on network organizations analyze how interorganizational networks are created, how they develop and how they overcome the limitations of rigid and ill-adapted bureaucracies. This paper proposes a different stance and empirically studies how work is concretely...
Persistent link: https://www.econbiz.de/10010821347
This paper tries to set out a potential of application of some evolutionary biology concepts to the issue of regional development. The objective is to show that employment of these concepts or at least inspiration by them may enrich some theories of regional development and enhance the...
Persistent link: https://www.econbiz.de/10008791846
Public institutions are organized configurations which are prone to institutionalization processes. They reflect as well as produce and diffuse valuues, norms, cognitions, meanings and identities about life and evolution of society, polity or economy. The text covers a set of theories which...
Persistent link: https://www.econbiz.de/10008793356
tax compliance decisions, we have conducted a laboratory experiment in which we introduced two types of inequities. The …
Persistent link: https://www.econbiz.de/10010820812
We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010933826