Narrow search
Showing 1 - 10 of 10
Cover Image
A Theory of Price Adjustment Under Loss Aversion
Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2021
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers’ perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10013315600
Cover Image
Cooperation, Motivation and Social Balance
Bosworth, Steven - 2016
cooperation in the presence of “multi-directedness,” whereby people's preferences depend on their psychological motives. People … economic decisions not merely by modifying incentives operating through given preferences, but also by influencing people …'s motives (thereby changing their preferences) and by changing the distribution of dispositional types in the population …
Persistent link: https://www.econbiz.de/10012996678
Cover Image
Bread and Bullets
Akerlof, George A. - 2016
Standard economics omits the role of narratives (the stories that people tell themselves and others) when they make all kinds of decisions. Narratives play a role in understanding the environment; focusing attention; predicting events; motivating action; assigning social roles and identities;...
Persistent link: https://www.econbiz.de/10012997073
Cover Image
A Theory of Wage Adjustment Under Loss Aversion
Ahrens, Steffen - 2015
We present a new theory of wage adjustment, based on worker loss aversion. In line with prospect theory, the workers' perceived utility losses from wage decreases are weighted more heavily than the perceived utility gains from wage increases of equal magnitude. Wage changes are evaluated...
Persistent link: https://www.econbiz.de/10013030342
Cover Image
Lobbying for Education in a Two-Sector Model
Di Gioacchino, Debora - 2011
In a two-period model, firms specialized in two different sectors lobby to induce the government to subsidize the type of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both sectors will lobby in equilibrium and education policy will...
Persistent link: https://www.econbiz.de/10013125068
Cover Image
Lobbying for Education in a Two-sector Model
Gioacchino, Debora Di; Profeta, Paola - CESifo - 2011
In a two-period model, firms specialized in two different sectors lobby to induce the government to subsidize the type of education complementary to their production. Lobbying is endogenous. We show that, if lobbying is not costly, both sectors will lobby in equilibrium and education policy will...
Persistent link: https://www.econbiz.de/10009020097
Cover Image
Multitasking and Wages
Goerlich, Dennis; Snower, Dennis J. - 2021
This paper sheds light on how changes in the organization of work can help to understand increasing wage inequality. We present a theoretical model in which workers with a wider span of competence (higher level of multitasking) earn a wage premium. Since abilities and opportunities to expand the...
Persistent link: https://www.econbiz.de/10013315748
Cover Image
Redistribution or Education? The Political Economy of the Social Race
Bernasconi, Michele; Profeta, Paola - 2021
In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues: redistributive policies for them and education investment for their children. Public education is the engine for growth through its effect on human capital; but...
Persistent link: https://www.econbiz.de/10013317185
Cover Image
Great Expectations : The Determinants of Female University Enrollment in Europe
Casarico, Alessandra - 2011
We empirically investigate the determinants of the female decision of investing in post-secondary education, focusing on the role played by the context where young women take their education decision. We first develop a stylized two-period model to analyze the female decision of investing in...
Persistent link: https://www.econbiz.de/10013127634
Cover Image
Great Expectations: The Determinants of Female University Enrolment in Europe
Casarico, Alessandra; Profeta, Paola; Pronzato, Chiara - CESifo - 2011
We empirically investigate the determinants of the female decision of investing in post-secondary education, focusing on the role played by the context where young women take their education decision. We first develop a stylized two-period model to analyze the female decision of investing in...
Persistent link: https://www.econbiz.de/10008914273