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Some Fundamental Problems in Becker, Grossman and Murphy's Implementation of Rational Addiction Theory

Wangen, Knut R. - Statistisk Sentralbyrå, Government of Norway - 2004

The econometric implementation of rational addiction theory has been highly influenced by Becker, Grossman and Murphy … under the alternative hypothesis of myopic addiction. Moreover, and in contrast to the common interpretation, BGM's non … makes it unclear how analyses based on the BGM approach can support, or reject, rational addiction theory. …

Persistent link: https://www.econbiz.de/10004980654

Tout est au mieux dans ce meilleur des ménages possibles The Pangloss critique of equivalence scales

Lind, Jo Thori - Statistisk Sentralbyrå, Government of Norway - 2001

A common approach to defining equivalence scales is to consider a household modelled as if it maximizes a single utility function. This may be founded on an assumption of the household maximizing a welfare function of individual utilities. For a positive analysis of the household, this may be...

Persistent link: https://www.econbiz.de/10004980891

Revealing Demand for Nature Experience Using Purchase Data of Equipment and Lodging

Larsen, Erling Røed - Statistisk Sentralbyrå, Government of Norway - 2001

In 1967, John Krutilla suggested a relationship between car camping, canoe cruising, and cross-country skiing and induced demand for wild, primitive, and wilderness-related opportunities. Here, the time trend of cross-section parameter estimates of the relationship is examined. Households...

Persistent link: https://www.econbiz.de/10004980931

On the value of households' recycling efforts

Bruvoll, Annegrete; Nyborg, Karine - Statistisk Sentralbyrå, Government of Norway - 2002

Do households' recycling efforts represent a social cost, which should be taken into account in cost-benefit analyses of alternative waste treatment systems? Some argue that it should not, since recycling efforts are to a large extent voluntary. We demonstrate that if the government can...

Persistent link: https://www.econbiz.de/10004980959

Social Norms and Private Provision of Public Goods: Endogenous Peer Groups

Rege, Mari - Statistisk Sentralbyrå, Government of Norway - 1999

The formation of peer groups with social norms for private contributions to a public good is analyzed in an n-player two stage game. First people choose a peer group, then they choose whether to contribute. The first choice is made through a learning process represented by evolutionary dynamics,...

Persistent link: https://www.econbiz.de/10010678273

Self-delusion in the pursuit of happiness

Sommervoll, Dag Einar - Statistisk Sentralbyrå, Government of Norway - 2010

The paper explores how repeated revisions of consumption plans increase long-run utility. If agents value present anticipations of future consumption, some revisions may be viewed as a benign form of self-delusion. We consider a minimal generalization of the Samuelson discounted utility model to...

Persistent link: https://www.econbiz.de/10008476215

The Evolution of Considerate Smoking Behavior

Nyborg, Karine; Rege, Mari - Statistisk Sentralbyrå, Government of Norway - 2000

This paper studies the formation of social norms for considerate smoking behavior. Being considerate gives smokers a higher social approval from non-smokers, but imposes an inconvenience cost. A non-smoker's disapproval of inconsiderate smoking is assumed to be stronger the less used he is to...

Persistent link: https://www.econbiz.de/10004980516

Choice under Uncertainty and Bounded Rationality

Dagsvik, John K. - Statistisk Sentralbyrå, Government of Norway - 2005

This paper develops a theory for probabilistic models for risky choices that can be viewed as an extension of the expected utility theory to account for bounded rationality. One probabilistic version of the Archimedean Axiom and two versions of the Independence Axiom are proposed. In addition,...

Persistent link: https://www.econbiz.de/10004980545

Choice among Lotteries when Preferences are Stochastic

Dagsvik, John K. - Statistisk Sentralbyrå, Government of Norway - 1998

This paper discusses the problem of specifying probabilistic models for choices (strategies) with uncertain outcomes. The point of departure is an extension of the axiom system of the von Neumann-Morgenstern Expected utility theory to the case when the preferences are stochastic. This extended...

Persistent link: https://www.econbiz.de/10004980563

Does Public Policy Crowd Out Private Contributions to Public Goods?

Nyborg, Karine; Rege, Mari - Statistisk Sentralbyrå, Government of Norway - 2001

It is sometimes claimed that individuals’ contributions to public goods are not motivated by economic costs and benefits alone, but that people also have a moral or norm-based motivation. A number of studies indicate that such moral or norm-based motivation might be crowded out, or crowded in,...

Persistent link: https://www.econbiz.de/10004980630