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Cooperative decision-making for the provision of a locally undesirable facility

Ambec, Stefan; Kervinio, Yann - Toulouse School of Economics (TSE) - 2014

We consider the decentralized provision of a global public good with local external- ities in a spatially explicit model. Communities decide on the location of a facility that benefits everyone but exhibits costs to the host and its neighbors. They share the costs through transfers. We examine...

Persistent link: https://www.econbiz.de/10010760348

The impact of perceptions in averting-decision models: An application of the special regressor method to drinking water choices

Bontemps, Christophe; Nauges, Céline - Toulouse School of Economics (TSE) - 2014

Individuals are commonly surveyed about their perception or assessment of risk and these variables are often used to explain individuals’ actions to protect themselves against these risks. Perceptions appear as endogenous variables in traditional theoretical averting-decision models but, quite...

Persistent link: https://www.econbiz.de/10011086695

Charitable Giving, Self-Image and Personality

Cueva, Carlos; Dessi, Roberta - Toulouse School of Economics (TSE) - 2012

We provide an experimental test of the role of self-signaling in decisions to do- nate to charity. Our data strongly supports the theoretical prediction of a non- monotonic, hill-shaped relationship between self-confidence, proxied by the Social Potency personality trait, and prosocial behavior...

Persistent link: https://www.econbiz.de/10010823116

Evolutionarily stable strategies, preferences and moral values, in n-player Interactions

Alger, Ingela; Weibull, Jörgen - Toulouse School of Economics (TSE) - 2014

We provide a generalized definition of evolutionary stability of heritable types in arbitrarily large symmetric interactions under random matching that may be assortative. We establish stability results when these types are strategies in games, and when they are preferences or moral values in...

Persistent link: https://www.econbiz.de/10011004789

Eliciting ambiguity aversion in unknown and in compound lotteries: A KMM experimental approach

Attanasi, Giuseppe; Gollier, Christian; Montesano, Aldo; … - Toulouse School of Economics (TSE) - 2012

We define coherent-ambiguity aversion within the Klibano¤, Marinacci and Mukerji (2005) smooth ambiguity model (henceforth KMM) as the combination of choice-ambiguity aversion and value-ambiguity aversion. We analyze theoretically ?ve ambiguous decision tasks, where a subject faces two-stage...

Persistent link: https://www.econbiz.de/10011103548

The Social Value of Mortality Risk Reduction: VSL vs. the Social Welfare Function Approach

Adler, Matthew; Hammitt, James; Treich, Nicolas - Toulouse School of Economics (TSE) - 2012

We examine how different welfarist frameworks evaluate the social value of mortality riskreduction. These frameworks include classical, distributively unweighted cost-benefit analysis—i.e., the “value per statistical life” (VSL) approach—and three benchmark social welfare functions...

Persistent link: https://www.econbiz.de/10011160757

Optimal insurance design of ambiguous risks

Gollier, Christian - Toulouse School of Economics (TSE) - 2012

We examine the characteristics of the optimal insurance contract under linear transaction cost and an ambiguous distribution of losses. Under the standard expected utility model, we know from Arrow (1965) that it contains a straight deductible. In this paper, we assume that the policyholder is...

Persistent link: https://www.econbiz.de/10011189161

Consumption, Risk and Prioritarianism

Adler, Matthew; Treich, Nicolas - Toulouse School of Economics (TSE) - 2014

Most economic problems combining risk and equity have been studied under utilitarianism. As an alternative, we study consumption decisions under risk assuming a prioritarian social welfare function. Under a standard assumption about the utility function (i.e., decreasing absolute risk aversion),...

Persistent link: https://www.econbiz.de/10010823115

Risk and Choice: A Research Saga

Gollier, Christian; Hammitt, James; Treich, Nicolas - Toulouse School of Economics (TSE) - 2013

As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions to the literature, and provides some illustrations of the remarkable research saga in risk theory over the last 50 …

Persistent link: https://www.econbiz.de/10011004782

Testing Value vs Waiting Value in Environmental Decisions under Uncertainty

Attanasi, Giuseppe; Montesano, Aldo - Toulouse School of Economics (TSE) - 2010

This paper introduces the concept of the Testing Value into the analysis of environmental decisions under uncertainty and irreversibility. This value emerges in situations where the probability of receiving information concerning future economic benefits and costs of development depends on the...

Persistent link: https://www.econbiz.de/10008643948