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The New Economics of Equilibrium Sorting and its Transformational Role for Policy Evaluation

Kuminoff, Nicolai V. - 2010

Households "sort" across neighborhoods according to their wealth and their preferences for public goods, social characteristics, and commuting opportunities. The aggregation of these individual choices in markets and in other institutions influences the supply of amenities and local public...

Persistent link: https://www.econbiz.de/10012462307

The Free Rider Problem : a Dynamic Analysis

Battaglini, Marco - 2012

We present a dynamic model of free riding in which n infinitely lived agents choose between private consumption and contributions to a durable public good g. We characterize the set of continuous Markov equilibria in economies with reversibility, where investments can be positive or negative; and...

Persistent link: https://www.econbiz.de/10012460730

Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers

Bernheim, B. Douglas - 2005

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Persistent link: https://www.econbiz.de/10012467161

Risky Behavior Among Youths : An Economic Analysis

Gruber, Jonathan - 2000

There are a host of potentially risky behaviors in which youth engage, which have important implications for both their well being as youth and their life prospects. The past decade has seen dramatic shifts in the intensity with which youths pursue these risky activities: for example, youth...

Persistent link: https://www.econbiz.de/10012470969

Self-Confidence and Social Interactions

Benabou, Roland - 2000

This paper studies the interactions between an individual's self esteem and his social environment in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10012471184

Economic Analysis of Social Interactions

Manski, Charles F. - 2000

rigor of modern economic analysis. Major theoretical developments in game theory, the economics of the family, and … endogenous growth theory have taken place. Economists have also performed new empirical research on social interactions, but the … empirical literature does not show progress comparable to that achieved in economic theory. This paper examines why and …

Persistent link: https://www.econbiz.de/10012471189

Modeling Individuals' Behavior : Evaluation of a Policymaker's Tool

Gustman, Alan L. - 1983

With a continuous decline in the cost of manipulating data and a continuous increase in the richness of data banks, policymakers have increasing opportunities to build and apply so-called micro-simulation models--modelsthat attempt to simulate the behavior of the individuals in a large...

Persistent link: https://www.econbiz.de/10012477876

Expectations, Life Expectancy, and Economic Behavior

Hamermesh, Daniel S. - 1982

Unlike price expectations, which are central to macroeconomic theory and have been examined extensively using survey … data, formation of individuals' horizons, which are central to the theory of life-cycle behavior, have been completely …

Persistent link: https://www.econbiz.de/10012478276

Martingale-Like Behavior of Prices

Sims, Christopher A. - 1980

Asset prices set in a competitive market need not be martingales; that is, it need not be true that the best predictor of future prices is the current price. Nonetheless, statistical tests for this property are sometimes treated as tests for the proper functioning of an asset market; asset...

Persistent link: https://www.econbiz.de/10012478647

Noisy Memory and Over-Reaction to News

da Silveira, Rava Azeredo - 2019

complexity of memory measured using Shannon's mutual information, as in models of rational inattention; but our theory differs …

Persistent link: https://www.econbiz.de/10012479434

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