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According to household production function theory households combine marketed goods and nonmarket environmental goods to produce service flows of direct value to the household. This readily explains why, as an input to household production activities, households might have preferences over the...
Persistent link: https://www.econbiz.de/10009152546
In Great Britain several policy measures have been implemented in order to increase energy efficiency and to reduce carbon emissions. In the domestic sector, these targets can be achieved by improving space heating efficiency and, hence, decrease heating expenditures. However, before...
Persistent link: https://www.econbiz.de/10003734915
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs …-shot public good games we show that frames affect subject’s first- and second-order beliefs, and contributions. From a … contributions are related to second- and first-order beliefs, respectively. Our results are consistent with either. -- Framing …
Persistent link: https://www.econbiz.de/10008986776
Psychological game theory can help provide a rational choice explanation of framing effects; frames influence beliefs …, beliefs influence motivations. We explain this theoretically, and explore the empirical relevance experimentally. In a 2 …×2 design of one-shot public good games we show that frames affect subject's first- and second-order beliefs, and contributions …
Persistent link: https://www.econbiz.de/10003782356