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Anticipated Consumption and its Impact on Capital Accumulation and Growth : 'Forward-Looking' vs. 'Backward-Looking' Consumption Reference
Monteiro, Goncalo; Turnovsky, Stephen J. - 2021
It has long been argued that the anticipations of some future event will impact current consumption and well-being in advance of the occurrence of the event itself. This paper introduces this idea of anticipated pleasure into the Ramsey growth model, by assuming that in addition to his own...
Persistent link: https://www.econbiz.de/10013315651
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Charitable Giving and Nonbinding Contribution-Level Suggestions Evidence from a Field Experiment
Adena, Maja - 2014
When asking for donations, charitable organizations often use suggestions concerning the amount of potential contributions. In our randomized field experiment, opera visitors received solicitation letters asking to support a social youth project organized by the opera house. The three different...
Persistent link: https://www.econbiz.de/10013057248
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Defaults and Donations : Evidence from a Field Experiment
Altmann, Steffen - 2015
We study how website defaults affect consumer behavior in the domain of charitable giving. In a field experiment that was conducted on a large platform for making charitable donations over the web, we exogenously vary the default options in two distinct choice dimensions. The first pertains to...
Persistent link: https://www.econbiz.de/10013030492
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Climatic Roots of Loss Aversion
Galor, Oded - 2018
of the theory, individuals and ethnic groups that are originated in regions in which climatic conditions tended to be …
Persistent link: https://www.econbiz.de/10012920767
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Does Membership in International Organizations Increase Governments' Credibility? Testing the Effects of Delegating Powers
Dreher, Axel - 2008
This paper analyzes whether nation-state governments can increase their credibility by becoming members of … international organizations. Credibility is an important asset because it determines the real interest rate and is expected to have … organizations can improve the credibility of nation-state governments. This hypothesis is tested by introducing three new indicators …
Persistent link: https://www.econbiz.de/10012772030
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Are Consumers Planning Consumption According to an Euler Equation?
Dräger, Lena - 2017
results are mostly in line with the theory: We find evidence of consumption smoothing, since individual current and planned …
Persistent link: https://www.econbiz.de/10012964377
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The Consumption Effects of the 2007-2008 Financial Crisis : Evidence from Household-Level Data
Jensen, Thais - 2015
Did the financial crisis spread from distressed banks to households through a contraction of the credit supply? We study this question with a dataset that contains observations on all accounts in Danish banks as well as comprehensive information about individual account holders and banks. We...
Persistent link: https://www.econbiz.de/10013010472
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Merchants of Doubt : Corporate Political Influence When Expert Credibility is Uncertain
Chiroleu-Assouline, Mireille - 2016
policymakers. However, recent evidence has emerged showing that industry-backed groups often attempt to undermine the credibility …
Persistent link: https://www.econbiz.de/10012977549
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Tenancy Rent Control and Credible Commitment in Maintenance
Arnott, Richard J. - 2014
Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...
Persistent link: https://www.econbiz.de/10013058510
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Credibility for Sale
Dellas, Harris - 2013
We develop a sovereign debt model with official and private creditors where default risk depends on both the level and the composition of liabilities. Higher exposure to official lenders improves incentives to repay but carries extra costs, such as reduced ex-post flexibility. The model implies...
Persistent link: https://www.econbiz.de/10013078524