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Multiple politico-economic regimes, inequality and growth

Desdoigts, Alain; Moizeau, Fabien - 2001

mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to … whymore inequality can be associated with less, rather than more, redistributive taxation. Our framework displays multiple … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …

Persistent link: https://www.econbiz.de/10009615432

Worry and the illusion of safety : evidence from a real-objects experiment

Schade, Christian D.; Kunreuther, Howard - 2002

report on the results of a controlled experiment with real objects at stake. Worry was measured with the Worry Domains …

Persistent link: https://www.econbiz.de/10009621419

On the interaction of risk and time preferences : an experimental study

Anderhub, Vital; Genîzî, Ûrî; Güth, Werner; … - 1999

Experimental studies of risk and time-preference typically focus on one of the two phenomena. The goal of this paper is to investigate the (possible) correlation between subjects' attitude to risk and their time-preference. For this sake we ask 61 subjects to price a simple lottery in 3...

Persistent link: https://www.econbiz.de/10009581107

Dynamic decision structure and risk taking

Eichberger, Jürgen; Güth, Werner; Müller, Wieland - 1999

This paper investigates the behaviour in repeated decision situations. The experimental study shows that subjects show low or no risk-aversion, but put very high value on the opportunity to sell the lottery in every stage of the decision problem. There is evidence that risk attitudes depend on...

Persistent link: https://www.econbiz.de/10009582412

Co-evolution of preferences and information in simple games of trust

Güth, Werner; Kliemt, Hartmut; Peleg, Bezalel - 1998

In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...

Persistent link: https://www.econbiz.de/10009578580

Strategies, heuristics and the relevance of risk aversion in a dynamic decision problem

Müller, Wieland - 1999

In this paper I consider a complex decision problem where subjects have to cope with a time horizon of uncertain duration and must update their termination probabilities which depend on stochastic events during "life". First I describe how economic theory suggests to solve the decision problem....

Persistent link: https://www.econbiz.de/10009581111

Tax evasion and risky investments in an intertemporal context : an experimental study

Giese, Sebastian; Hoffmann, Antje - 2000

donated to charity organizations. Our main results show that higher income induces tax fraud and that gender differences exist. …

Persistent link: https://www.econbiz.de/10009583891

Hedging the standard of living via cost of living index futures

Schulz, Rainer - 2000

People dislike inflation because inflation erodes the real value of future nominal income and wealth. Adjustment of future nominal values via a cost of living index is an appropriate way to handle the problem of real income risk. Nonetheless an important aspect needs more discussion: If markets...

Persistent link: https://www.econbiz.de/10009612030

Consistent testing for stochastic dominance under general sampling schemes

Linton, Oliver (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001916170

Private information, risk aversion, and the evolution of market research

Güth, Sandra; Güth, Werner; Müller, Wieland - 2000

On a homogeneous oligopoly market informed sellers are fully aware of market demand whereas uninformed sellers only know the distribution. We first derive the market results when sellers are risk averse, similarly to Ponssard (1979) who assumed risk neutrality throughout. With the help of these...

Persistent link: https://www.econbiz.de/10009612010