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Petroleum Tax Competition Subject to Capital Rationing
Osmundsen, Petter - 2017
The recent dramatic fall in oil prices has led to extensive capital rationing in international oil companies, and subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not adequately addressed by the large literature on international...
Persistent link: https://www.econbiz.de/10012958877
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Market Depth, Leverage, and Speculative Bubbles
Enders, Zeno - 2019
about future price developments. At a previously unknown date, the bubble will endogenously burst. Households' decision to …
Persistent link: https://www.econbiz.de/10012899999
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Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods
Cettolin, Elena - 2011
In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...
Persistent link: https://www.econbiz.de/10013120907
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian P. - 2012
The paper develops an axiomatic framework for rational decision making. The von Neumann-Morgenstern axioms give rise to … that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …) actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting …
Persistent link: https://www.econbiz.de/10013107349
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Offshoring along the Production Chain
Harms, Philipp - 2009
Recent contributions on off shoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production...
Persistent link: https://www.econbiz.de/10012764740
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Noblesse Oblige? Determinants of Survival in a Life and Death Situation
Frey, Bruno S. - 2008
This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...
Persistent link: https://www.econbiz.de/10012769705
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Excessive Herding in the Laboratory : The Role of Intuitive Judgments
March, Christoph - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10012924978
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Homo Moralis : Personal Characteristics, Institutions, and Moral Decision-Making
Deckers, Thomas - 2016
institutions compared to situations of individual decision-making. Intelligence, female gender, and the existence of siblings …
Persistent link: https://www.econbiz.de/10012994702
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Theoretical and Practical Arguments for Modeling Labor Supply as a Choice Among Latent Jobs
Dagsvik, John K. - 2012
paper we argue that practicality is not the only feature that can be addressed by means of stochastic choice theory. This … theory also offers a powerful framework for developing a more realistic model for labor supply choices, founded on …
Persistent link: https://www.econbiz.de/10013111826
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Levelized Product Cost : Concept and Decision Relevance
Reichelstein, Stefan J. - 2014
This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...
Persistent link: https://www.econbiz.de/10013059057