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Are Income and Consumption Taxes Ever Really Equivalent? Evidence from a Real-Effort Experiment with Real Goods
Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - 2021
The public finance literature demonstrates the equivalence between consumption and labor income (wage) taxes. We construct an environment in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this experimental framework to test whether a labor...
Persistent link: https://www.econbiz.de/10013316637
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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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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
. In a bubble, traders push the asset price above its fundamental value in a dynamic way, driven by rational expectations … 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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The Effect of Language on Economic Behavior : Experimental Evidence from Children's Intertemporal Choices
Sutter, Matthias - 2015
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...
Persistent link: https://www.econbiz.de/10013013093
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Voting When the Stakes are High
Andersen, Jørgen Juel - 2010
Rational choice theories of electoral participation stress that an individual's decision to vote depends on her …
Persistent link: https://www.econbiz.de/10013138026
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Endogenous Public Information and Welfare in Market Games
Vives, Xavier - 2016
generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium …
Persistent link: https://www.econbiz.de/10013008600
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Rationality in Economics : Theory and Evidence
Dhami, Sanjit - 2018
We examine the various senses in which economist use the term “rationality” and then outline some of the commonly drawn …
Persistent link: https://www.econbiz.de/10012924344
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Wealth Preference and Rational Bubbles
Michau, Jean-Baptiste - 2018
We consider a neoclassical economy where households derive utility from holding wealth. We show that, under some conditions, there can be rational bubbles. Hence, we provide a microfoundation for bubbles that relies on a frictionless infinite-horizon economy without any heterogeneity across...
Persistent link: https://www.econbiz.de/10012912377