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The aim of this article is to answer the following question: can the considerable rise in the volatility of the LAC stock markets in the aftermath of the 2007/2008 crisis be explained by the worsening financial environment in the US markets? To this end, we rely on a time-varying transition...
Persistent link: https://www.econbiz.de/10009004294
into account by any existing economic models of the household. The relationship between happiness gaps and divorce is …
Persistent link: https://www.econbiz.de/10008793921
different factors of heterogeneity between PSFs, there is still a lack of an integrated and actionable framework which would … help analyzing PSFs changes, heterogeneity and distinctiveness over services, time and space. We propose a foundation …
Persistent link: https://www.econbiz.de/10010553009
This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...
Persistent link: https://www.econbiz.de/10010750356
Using a two-stage Game of Chicken, Cabon-Dhersin and Ramani (2007) examine the impact of population heterogeneity on …
Persistent link: https://www.econbiz.de/10010751040
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10010738996
This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … make the symmetric equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of individuals …
Persistent link: https://www.econbiz.de/10010739068
We estimate the evolution of healthcare demand under the influence of income growth and population aging with two … with heterogeneity. In accordance with theoretical and inductive inferences, it is found that healthcare price effects … decreased and became more heterogeneous. Aging impact overweighed income growth impact, resulting in increasing distance effect …
Persistent link: https://www.econbiz.de/10010821359
consumer to investigate the impact of beliefs heterogeneity on the CCAPM and on the expression of the risk free rate. We focus …
Persistent link: https://www.econbiz.de/10008788886
transition from one grade level to the next with observed and unobserved heterogeneity, and ii) a flexible version of the … celebrated Mincerian wage equation with skill heterogeneity, non linearity in schooling, non-separability between the effects of … on unobserved and observed skills. Skill heterogeneity is also found to be over-estimated when non-linearity is ignored …
Persistent link: https://www.econbiz.de/10008793057