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Weber's Law and the Biological Evolution of Risk Preferences: The Selective Dominance of the Logarithmic Utility Function

Sinn, Hans-Werner - CESifo - 2002

The paper offers a proof that expected utility maximisation with logarithmic utility is a dominant preference in the biological selection process in the sense that a population following any other preference for decision-making under risk will, with a probability that approaches certainty,...

Persistent link: https://www.econbiz.de/10005765795

International Trade and Cultural Diversity: A Model of Preference Selection

Bala, Vankatesh; Long, Ngo Van - CESifo - 2004

We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much …

Persistent link: https://www.econbiz.de/10005765932

Some Evolutionary Foundations for Price Level Rigidity

Saint-Paul, Gilles - CESifo - 2002

This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...

Persistent link: https://www.econbiz.de/10005051547

Long-Run Selection and the Work Ethic

Josephson, Jens; Wärneryd, Karl - CESifo - 2004

That individuals contribute in social dilemma interactions even when contributing is costly is a well-established observation in the experimental literature. Since a contributor is always strictly worse off than a non-contributor the question is raised if an intrinsic motivation to contribute...

Persistent link: https://www.econbiz.de/10005405908

The Agricultural Origins of Time Preference

Galor, Oded; Özak, Ömer - CESifo - 2015

This research explores the origins of the distribution of time preference across regions. It advances the hypothesis, and establishes empirically that geographical variations in the natural return to agricultural investment have had a persistent effect on the distribution of time preference...

Persistent link: https://www.econbiz.de/10011167137

International Student Migration : A Partial Identification Analysis

Meango, Romuald - 2014

This paper studies the decision made by a family to invest in student migration. We propose an empirical structural … this procedure. We study the characteristics of potential candidates to migration that increase or decrease their … complete a Master's degree doubles the odds of migration, there is little evidence of gender preference, students migrants are …

Persistent link: https://www.econbiz.de/10013056819

Patient Mobility, Health Care Quality and Welfare

Brekke, Kurt Richard; Levaggi, Rosella; Siciliani, Luigi; … - 2021

Patient mobility is a key issue in the EU who recently passed a new law on patients’ right to EU-wide provider choice. In this paper we use a Hotelling model with two regions that differ in technology to study the impact of patient mobility on health care quality, health care financing and...

Persistent link: https://www.econbiz.de/10013315635

Tax Me If You Can! Optimal Nonlinear Income Tax between Competing Governments

Lehmann, Etienne; Simula, Laurent; Trannoy, Alain - CESifo - 2013

margin. The skill distribution is continuous, and, for each skill level, the distribution of migration cost is also … migration is decreasing in the skill level. When the semi-elasticity of migration is increasing in the skill level, either … negative. Numerical simulations are calibrated using plausible values of the semi-elasticity of migration for top income …

Persistent link: https://www.econbiz.de/10010877657

What Do Immigrants Value Most About Switzerland? Evidence of the Relative Importance of Income Taxes

Morger, Mario - CESifo - 2013

indicate that income taxes are a significant pull factor for international migration decisions. The same is true with respect … to intra-national migration. However, dominance analysis suggests that the relative impact of taxes compared to other …

Persistent link: https://www.econbiz.de/10010877741

Regional Implications of Financial Market Development: Credit Rationing, Trade, and Location

Ehrlich, Maximilian Von; Seidel, Tobias - CESifo - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010877832