Narrow search
Showing 1 - 10 of 130
Cover Image
Solving the Yitzhaki Paradox: Income Tax Evasion and Reference Dependence under Prospect Theory
Trotin, Gwenola - HAL - 2012
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
Cover Image
Aspiration Levels and Educational Choices : An experimental study
Page, Lionel; Lévy-Garboua, Louis; Montmarquette, Claude - HAL - 2007
experiment in which they had to perform a task over fifteen stages grouped in three blocks or levels. In order to continue … through the experiment, a minimum level of success was required at the end of each level. Rewards were dependent on the final …, participants in the loss framing group choose to go further in the experiment. There was also a significant and interesting gender …
Persistent link: https://www.econbiz.de/10010750819
Cover Image
From welfare to preferences, do decision flaws matter? The case of tuition fees
Lecouteux, Guilhem; Moulin, Léonard - HAL - 2013
We investigate the relation between welfare and preference satisfaction in economics, and show that the extension of the scope of economic analysis through the 20th century forces economists to question the validity of the preference satisfaction criterion as a normative criterion for evaluating...
Persistent link: https://www.econbiz.de/10010633780
Cover Image
Loss Aversion and Seller Behavior: Evidence from the Housing Market: Comment Working Paper
Buisson, Florent - HAL - 2013
In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.
Persistent link: https://www.econbiz.de/10010635268
Cover Image
Prospect Theory and consumer behavior: Goals and Tradeoffs
Buisson, Florent - HAL - 2013
I show that a loss averse consumer who must share her budget between two goods prefer allocations for which consumption equals reference point for at least one good. The phenomenon intensity depends on the curvature of the utility curve. These results are consistent with several stylized facts...
Persistent link: https://www.econbiz.de/10011026068
Cover Image
Effect of Uncertainty about Others' Rationality in Experimental Asset Markets: An Experimental Analysis
Akiyama, Eizo; Hanaki, Nobuyuki; Ishikawa, Ryuichiro - HAL - 2012
the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects … hypothesis that uncertainty about others' rationality plays a major role in causing substantial deviation of forecast prices from …
Persistent link: https://www.econbiz.de/10010933826
Cover Image
Measuring Mobility
Cowell, Frank A.; Flachaire, Emmanuel - HAL - 2011
measures over the different status concepts consistent with the same underlying data. We investigate the statistical inference …
Persistent link: https://www.econbiz.de/10009643227
Cover Image
Competitive equilibrium with asymmetric information : an existence theorem for numeraire assets
Boisdeffre, Lionel De - HAL - 2005
In a general equilibrium model of incomplete markets with nominal assets and adverse selection, Cornet-De Boisdeffre (3) introduced refined concepts of "no-arbitrage" prices and equilibria, which extended to the asymmetric information. We now present the model with numeraire assets and study its...
Persistent link: https://www.econbiz.de/10010750811
Cover Image
Competitive equilibrium with asymmetric information : the arbitrage characterization
Boisdeffre, Lionel De - HAL - 2005
In a general equilibrium model of incomplete nominal-asset markets and adverse selection, Cornet-De Boisdeffre [3] introduced refined concepts of "no-arbitrage" prices and equilibria, which extended to the asymmetric information setting the classical concepts of symmetric information. In...
Persistent link: https://www.econbiz.de/10010750867
Cover Image
L'oiseau rend-il la marque plus écolo ? Une analyse des éléments d'exécution substantifs et associatifs en cas de greenwashing publicitaire
Benoît-Moreau, Florence; Larceneux, Fabrice; Parguel, … - HAL - 2010
Cette recherche examine l'influence des éléments d'exécution substantifs (en l'occurrence sémantique) et associatifs (visuel et sonore) sur l'image écologique d'une marque en cas de greenwashing. Les résultats d'une expérimentation montrent un effet positif de l'usage de la sémantique...
Persistent link: https://www.econbiz.de/10009393803