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Rank dependent utility, tax evasion and labor supply
Eide, Erling; Simson, Kristine von; Strøm, Steinar - 2010
payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … social norms have an effect on their decision to evade taxes. Our model is characterized by a simultaneous determination of …
Persistent link: https://www.econbiz.de/10008697806
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A complete and strongly anonymous leximin relation on infinite streams
Asheim, Geir B.; Zuber, Stéphane - 2011
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...
Persistent link: https://www.econbiz.de/10009301142
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Behavioral indifference curves
Komlos, John - 2014
According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...
Persistent link: https://www.econbiz.de/10010370273
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The poverty of growth with interdependent utility functions
Komlos, John (contributor); Salamon, Peter (contributor) - 2005
We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy.
Persistent link: https://www.econbiz.de/10002856378
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Optimal growth and impatience : a phase diagram analysis
Chang, Fwu-ranq (contributor) - 2004
In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a...
Persistent link: https://www.econbiz.de/10002523969
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Afriat's theorem for general budget sets
Forges, Françoise (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003363532
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Intertemporal utility with heterogeneous goods and constant elasticity of substitution
Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of substitution between goods at each point in time and (ii) a constant intertemporal elasticity of substitution for at least one of the goods. We find that a standard (stationary)...
Persistent link: https://www.econbiz.de/10012156591
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Noblesse oblige? : determinants of survival in a life and death situation
Frey, Bruno S. (contributor); Savage, David A. (contributor) - 2008
cultural background matter. -- Decision under pressure ; altruism ; social norms ; interdependent preferences ; excess of …
Persistent link: https://www.econbiz.de/10003771813
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Surviving the Titanic disaster : economic, natural and social determinants
Frey, Bruno S.; Savage, David A.; Torgler, Benno - 2009
enforced. This paper shows that economic analysis can account for human behavior in such situations. -- Decision under pressure …
Persistent link: https://www.econbiz.de/10003808139
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Offshoring along the production chain
Harms, Philipp; Lorz, Oliver; Urban, Dieter M. - 2009
Recent contributions on offshoring 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 steps....
Persistent link: https://www.econbiz.de/10003808676