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Naïve and Capricious: Stumbling into the ring of self-control conflict

Myrseth, Kristian Ove R.; Wollbrant, Conny - Nationalekonomiska institutionen, Handelshögskolan - 2011

We model self-control conflict as a stochastic struggle of an agent against a visceral influence, which impels the agent to act sub-optimally. The agent holds costly pre-commitment technology to avoid the conflict altogether and may decide whether to procure pre-commitment or to confront the...

Persistent link: https://www.econbiz.de/10009283234

Discounting and Relative Consumption

Johansson-Stenman, Olof; Sterner, Thomas - Nationalekonomiska institutionen, Handelshögskolan - 2013

We analyze optimal social discount rates when people derive utility from relative consumption. We compare the social, private, and conventional Ramsey rates. Assuming a positive growth rate, we find that 1) the social discount rate exceeds the private discount rate if the importance of relative...

Persistent link: https://www.econbiz.de/10010617489

Gender and birth-order differences in time and risk preferences and decisions

Lampi, Elina; Nordblom, Katarina - Nationalekonomiska institutionen, Handelshögskolan - 2009

We study how gender, birth-order and number of siblings are related to stated time and risk preferences and real-life decisions. We use survey data covering about 2,300 individuals and find that time and risk preferences are significantly correlated among women but not among men. We also find...

Persistent link: https://www.econbiz.de/10008459755

Wicksell versus Brisman: A Dispute on Capital between Generations

Sandelin, Bo - Nationalekonomiska institutionen, Handelshögskolan - 2003

After Wicksell in 1911 had published the second Swedish edition of his Lectures on Political Economy, a debate began in the Ekonomisk Tidskrift between Wicksell and his opponent Sven Brisman. The controversy was mainly about the concept of capital and the rate of interest, but the circumstances...

Persistent link: https://www.econbiz.de/10005423960

Habit Formation in the Environmental Quality: Dynamic Optimal Environmental Taxation

Löfgren, Åsa - Nationalekonomiska institutionen, Handelshögskolan - 2003

In this article we propose a model in which individuals experience habit formation in environmental quality. Further, a consumption good causes a negative external effect on the environment.The intertemporal utility of a benevolent social planner depends on consumption of two goods and the...

Persistent link: https://www.econbiz.de/10005651724

Are Men Really More Overconfident than Women? - A Natural Field Experiment on Exam Behavior

Johansson Stenman, Olof; Nordblom, Katarina - Nationalekonomiska institutionen, Handelshögskolan - 2010

This paper reports from a simple natural field experiment based on an eco-nomics exam. Part of the exam consisted of 30 multiple choice questions, where the students obtained 1 point per correct answer while 1 point was deducted for each in-correct answer. We find no significant gender...

Persistent link: https://www.econbiz.de/10011019129

Contingent Valuation of Mortality Risk Reduction in Developing Countries: A Mission Impossible?

Mahmud, Minhaj - Nationalekonomiska institutionen, Handelshögskolan - 2005

Using the contingent valuation method in developing countries to value mortality risk reduction is particularly challenging because of the low level of education of the respondents. In this paper, we examine the effect of training the respondents regarding probabilities and risk reductions, in...

Persistent link: https://www.econbiz.de/10005651597

The Phase-Out of Leaded Gasoline in the EU: A Successful Failure?

Löfgren, Åsa; Hammar, Henrik - Nationalekonomiska institutionen, Handelshögskolan - 1999

The objective of this paper is to analyze in both descriptive and econometric terms the phase-out of leaded gasoline consumption in the EU countries. The phase-out process is characterized by increased consumption of unleaded gasoline. We analyze the importance of price differences, share of...

Persistent link: https://www.econbiz.de/10005651736

Testing Rationality on Primitive Knowledge

Gossner, Olivier; Tsakas, Elias - Nationalekonomiska institutionen, Handelshögskolan - 2007

We study whether rational information processing is testable. Our main result shows that, under positive conditions, negative introspection holds if and only if it holds for primitive propositions. In particular, it is sufficient to test negative introspection on primitive propositions.<p>

Persistent link: https://www.econbiz.de/10005651806

Punishment Cannot Sustain Cooperation in a Public Good Game with Free-Rider Anonymity

Patel, Amrish; Cartwright, Edward; Mark, Van Vugt - Nationalekonomiska institutionen, Handelshögskolan - 2010

be indistinguishable from those with legitimate reasons. Free-riders have a degree of anonymity. In the context of a … public good game we consider the e¤ect of free-rider anonymity on the ability of voluntary punishment to sustain cooperative … social norms. Despite only inducing a weak form of free-rider anonymity, punishment falls and cannot sustain cooperation.<p> …

Persistent link: https://www.econbiz.de/10008552185