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Rotten spouses, family transfers and public goods

Cremer, Helmuth; Roeder, Kerstin - Toulouse School of Economics (TSE) - 2014

We show that once interfamily exchanges are considered, Becker?s rotten kids mechan- ism has some remarkable implications that have gone hitherto unnoticed. Specifically, we establish that Cornes and Silva's (1999) result of e¢fficiency in the contribution game amongst siblings extends to a...

Persistent link: https://www.econbiz.de/10011004749

Means-tested long term care and family transfers

Cremer, Helmuth; Pestieau, Pierre - Toulouse School of Economics (TSE) - 2014

One of the pervasive problems with means-tested public long term care (LTC) programs is their inability to prevent individuals who could a¤ord private long term services from taking advantage of public care. They often manage to elude the means-test net through strategic impoverishment. We show...

Persistent link: https://www.econbiz.de/10011004791

Transfers within a three generations family: when the rotten kids turn into altruistic parents

Cremer, Helmuth; Roeder, Kerstin - Toulouse School of Economics (TSE) - 2014

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

Persistent link: https://www.econbiz.de/10011240618

Altruism and Career Concerns

Shchetinin, Oleg - Toulouse School of Economics (TSE) - 2009

The paper studies the impact of altruism on Agent’s motivation in the career concerns model. The paper shows the new …: extrinsic incentives can be lessened for the intrinsically motivated agent. The analysis shows that altruism can decrease effort … result is the distinction between current and anticipated altruism. The paper also studies the effect of altruism on wage …

Persistent link: https://www.econbiz.de/10008465280

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 and continue the development of theories of decision...

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

Heterogeneous Beliefs and Prediction Market Accuracy

He, Xue-Zhong; Treich, Nicolas - Toulouse School of Economics (TSE) - 2012

We consider a prediction market in which traders have heterogeneous prior beliefs in probabilities. In the two-state case, we derive necessary and sufficient conditions so that the prediction market is accurate in the sense that the equilibrium state price equals the mean probabilities of...

Persistent link: https://www.econbiz.de/10010643242

Risk Aversion, Over-Confidence and Private Information as Determinants of Majority Thresholds

Attanasi, Giuseppe; Corazzini, Luca; Georgantzis, Nikolaos - Toulouse School of Economics (TSE) - 2010

We study, both theoretically and experimentally, the relation between preferred majority thresholds and behavioral traits such as the degree of risk aversion and the subjective confidence on others preferences over the alternative to vote. The main theoretical findings are supported by...

Persistent link: https://www.econbiz.de/10008465257

Annuities, Bequests and Portfolio Diversification

d'Albis, Hippolyte; Thibault, Emmanuel - Toulouse School of Economics (TSE) - 2009

In this article, the diversification motives of the demand for annuities is analyzed. Using a model allowing for the uncertainty of both the human life length and the interest rate, the Decision Maker is supposed to choose an optimal portfolio to maximize a bequest. Conditions under which an...

Persistent link: https://www.econbiz.de/10008465290

Comparative Risk Aversion: A Formal Approach with Applications to Savings Behaviors

Bommier, Antoine; Chassagnon, Arnold; Le Grand, François - Toulouse School of Economics (TSE) - 2010

We consider a formal approach to comparative risk aversion and applies it to intertemporal choice models. This allows us to ask whether standard classes of utility functions, such as those inspired by Kihlstrom and Mirman (1974), Selden (1978), Epstein and Zin (1989) and Quiggin (1982) are...

Persistent link: https://www.econbiz.de/10008465347

Voting as a Lottery

Attanasi, Giuseppe; Corazzini, Luca; Passarelli, Francesco - Toulouse School of Economics (TSE) - 2010

Voting is a lottery in which an individual who is uncertain about how the others vote wins if she belongs to the majority or loses if she falls into the minority. The risk of losing can be reduced by increasing the majority threshold. This however has the negative effect of also lowering the...

Persistent link: https://www.econbiz.de/10008465350