Showing 1 - 10 of 90
We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clear-cut, but go in the same direction …
Persistent link: https://www.econbiz.de/10010739135
genetic background, and where longevity depends on health spending and genes. It is shown that, if agents internalize … imperfectly the impact of genes and health spending on longevity, the utilitarian social optimum can be decentralized with type … the production of longevity. …
Persistent link: https://www.econbiz.de/10010739121
This paper presents an equilibrium model in a pure exchange economy when investors have three possible sources of heterogeneity. Investors may dier in their beliefs, in their level of risk aversion and in their time preference rate. We study the impact of investors heterogeneity on the...
Persistent link: https://www.econbiz.de/10009360288
We use the theory of rationalizable choices to study the survival and the extinction of types (or traits) in … the most …fit types survive) and interactivity (i.e. a withdrawal of types a effects the survival of other types). Those …
Persistent link: https://www.econbiz.de/10010738933
Context: The significant survival benefit of chemotherapy over best supportive care for locally advanced and metastatic … empirically examines, in real-life practise and using multiple proxies, the impact of health care expenditures on overall survival … resources used, the costs of treatment and survival data were retrospectively collected from the records of 175 patients treated …
Persistent link: https://www.econbiz.de/10008789182
adds value to innovative French companies in terms of increasing their survival time. To this end, we use a hand … compare the survival rates of venture capital backed and non-venture capital backed companies. We develop two sets of … backed companies have a lower survival rate than non-venture capital backed companies and have a higher probability of being …
Persistent link: https://www.econbiz.de/10010559869
Using a sample of 212 IPOs, this paper analyzes the impact of venture capital involvement on the survival time of … French IPOs. We find that the ability of venture capitalists to improve the survival of companies is related to the duration …
Persistent link: https://www.econbiz.de/10010899490
Stochastic dominance has typically been used with a special emphasis on risk and inequality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance approach goes far beyond risk and...
Persistent link: https://www.econbiz.de/10010930180
We show that it is possible to reconcile the utilitarian and welfarist principles under the requirement of unanimity provided that the set of profiles over which the consensus is attained is rich enough. More precisely, we identify a closedness condition which, if satisfied by a class of...
Persistent link: https://www.econbiz.de/10009325716
This paper provides a general framework for a unifying treatment of stochastic dominance of any degree and of any type (direct or inverse for each final or intermediary level). It gives the conditions for the congruence between stochastic dominance and classes of utility functions in this...
Persistent link: https://www.econbiz.de/10010821246