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Adaptive social learning
March, Christoph - HAL - 2011
This paper investigates the learning foundations of economic models of social learning. We pursue the prevalent idea in … economics that rational play is the outcome of a dynamic process of adaptation. Our learning approach offers us the possibility … to clarify when and why the prevalent rational (equilibrium) view of social learning is likely to capture observed …
Persistent link: https://www.econbiz.de/10010738863
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Information and the dispersion of cross-border equity holdings
Covrig, V.; Fontaine, P.; Jimenez-Garces, S.; … - HAL - 2009
This paper studies, both theoretically and empirically, dispersion in cross-border equity holdings. We present a multi-asset rational expectations equilibrium model in which agents have information about asset-specific components of payoff and/or information about components that affect many...
Persistent link: https://www.econbiz.de/10008792000
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On the origin of the wta-wtp divergence in public good valuation
Flachaire, Emmanuel; Hollard, Guillaume; Shogren, Jason - HAL - 2011
This paper tests whether individual perceptions of markets as good or bad for a public good is correlated with the propensity to report gaps in willingness to pay (WTP) and willingness to accept (WTA) revealed within an incentive compatible mechanism. Identifying people based on a notion of...
Persistent link: https://www.econbiz.de/10010930167
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Measuring demand for sanitation in developing countries: A new theoretical and methodological framework for contingent valuation surveys
Milanesi, Julien - HAL - 2010
A review shows that contingent valuation (CV) studies implemented in developing countries are generally used to measure demands (for water, sanitation or health services) and neglect the valuation of nonmarket goods (like ecosystems, biodiversity, or environmental amenities). These studies also...
Persistent link: https://www.econbiz.de/10009325701
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Reciprocal relationships in tax compliance decisions
Bazart, Cécile; Bonein, Aurélie - HAL - 2014
Reciprocity considerations are important to the tax compliance problem as they may explain the global dynamics of tax evasion, beyond individual tax evasion decisions, toward a downward or upward spiral. To provide evidence on reciprocity in tax compliance decisions, we have conducted a...
Persistent link: https://www.econbiz.de/10010820812
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On the origin of the wta-wtp divergence in public good valuation
Flachaire, Emmanuel; Hollard, Guillaume; Shogren, Jason - HAL - 2011
This paper tests whether individual perceptions of markets as good or bad for a public good is correlated with the propensity to report gaps in willingness to pay (WTP) and willingness to accept (WTA) revealed within an incentive compatible mechanism. Identifying people based on a notion of...
Persistent link: https://www.econbiz.de/10010821516
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Term structure of psychological interest rates: A behavioral test
Bruslerie, Hubert De La - HAL - 2010
A lot of empirical and behavioral studies underline the idea of a non-flat term structure of subjective interest rates with a decreasing slope. Using an empirical test, this paper aims at identifying in individual behaviors whether agents see their psychological value of time decreasing or not....
Persistent link: https://www.econbiz.de/10008792104
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Is Libertarian Paternalism an Oxymoron?
Salvat, Christophe - HAL - 2008
In this article I have attempted to discuss two points brought up by Sunstein and Thaler's new perspective on paternalism. The first is that whatever individuals do, they have to take second rank decisions, i.e. decisions that are equally attractive for them but impact others' people welfare....
Persistent link: https://www.econbiz.de/10008793746
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On the origin of the wta-wtp divergence in public good valuation
Flachaire, Emmanuel; Hollard, Guillaume; Shogren, Jason - HAL - 2011
This paper tests whether individual perceptions of markets as good or bad for a public good is correlated with the propensity to report gaps in willingness to pay (WTP) and willingness to accept (WTA) revealed within an incentive compatible mechanism. Identifying people based on a notion of...
Persistent link: https://www.econbiz.de/10008833336
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Evolving Informal Risk-Sharing Cooperatives and Other-Regarding Preferences
Bourlès, Renaud; Rouchier, Juliette - HAL - 2012
their income - the higher the risk aversion, the more stable the cooperatives and the lower the segregation. Learning can … high or low-risk, and while they are learning, they tend to create cooperatives that can last. Eventually we worked on the …
Persistent link: https://www.econbiz.de/10010933864