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set of linear inequalities. From this solution he constructed a utility function rationalizing the choices of a …
Persistent link: https://www.econbiz.de/10012780251
We experimentally investigate behavior and beliefs in a sequential prisoner's dilemma. Each subject had to choose an action as first mover and a conditional action as second mover. All subjects also had to state their beliefs about others' second-mover choices. Using these elicited beliefs, we...
Persistent link: https://www.econbiz.de/10012854501
the current level of consumption. The kinks in the curves imply that the utility function is not differentiable everywhere …
Persistent link: https://www.econbiz.de/10013051281
the data by a well-behaved utility function. Our results complement the main finding of Polisson and Quah, Am. Econ. J …
Persistent link: https://www.econbiz.de/10013315672
This paper calculates, for the top twenty emitting countries, how much pricing of carbon dioxide (CO<sub>2</sub>) emissions is in their own national interests due to domestic co-benefits. On average, nationally efficient prices are substantial, $57.5 per ton of CO<sub>2</sub> (for year 2010), reflecting primarily...
Persistent link: https://www.econbiz.de/10013045322
the conservation value is low, the consumption value high, and the buyer’s protection cost large. The theory explains why …
Persistent link: https://www.econbiz.de/10013315751
We consider a theoretical model of a public goods game that incorporates reciprocity, guilt-aversion/surprise-seeking, and the attribution of intentions behind these emotions. In order to test our predictions, we implement the ‘induced beliefs method' and a within-subjects design, using the...
Persistent link: https://www.econbiz.de/10012916525
consumption have direct utility consequences. This gives rise to informational preferences, i.e., preferences over the timing and …
Persistent link: https://www.econbiz.de/10012981291
We investigate the prevalence of factors associated with participation in the sex market among men resident in Britain using data from Britain's National Survey of Sexual Attitudes and Lifestyles (Natsal-2, 199-2001,Natsal-3, 2010-2012). The percentage of men asking for paid sex is about 12 per...
Persistent link: https://www.econbiz.de/10012927099
This paper investigates the robustness of determinants of economic growth in the presence of model uncertainty, parameter heterogeneity and outliers. The robust model averaging approach introduced in the paper uses a flexible and parsimonious mixture modeling that allows for fat-tailed errors...
Persistent link: https://www.econbiz.de/10013129859