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People’s value for their own time is a key input in evaluating public policies: evaluations should account for time …-DeGroot-Marschak - BDM - mechanism of Becker et al., 1964) correctly measure participants' value of time. Using a structural model, we … cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the …
Persistent link: https://www.econbiz.de/10012815796
hypothesize that technological innovations, which improved information transmission and shortened the response time between an …
Persistent link: https://www.econbiz.de/10011549387
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned … very similar across different levels of time pressure. Nevertheless, as predicted, time pressure systematically influenced … with time pressure, and the likelihood of reaching the implicit reference point (equal division) in agreements decreases …
Persistent link: https://www.econbiz.de/10011411276
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10012806643
happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014251062
This paper investigates the empirical relevance of a new framework for monetary policy analysis in which the decision-makers are allowed to weight differently positive and negative deviations of inflation and output from the target values. Reduced-form and structural estimates of the central...
Persistent link: https://www.econbiz.de/10011450850
This paper uses long-range dependence techniques to analyse two important features of the US Federal Funds effective rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 until 2010. Two models are considered. One is based on an...
Persistent link: https://www.econbiz.de/10009687196
. What additional economic cost of mitigation measures will this delay imply? At the same time, the uncertainty surrounding …
Persistent link: https://www.econbiz.de/10003751211
We combine a model of combined inter-spatial and inter-temporal trade between countries recently used by Huang, Whalley and Zhang (2004) to analyze the merits of trade liberalization in services when goods trade is restricted with a model of foreign exchange rationing due to Clarete and Whalley...
Persistent link: https://www.econbiz.de/10002856541
This paper considers liberalization of trade in both inter-temporal intermediation services and goods in a joint spatial-inter-temporal trade model. Joint multi-commodity spatial intertemporal models are not (to our knowledge) used in the trade literature as general comparative statics results...
Persistent link: https://www.econbiz.de/10002758041