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In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the latter by looking at local housing stock heterogeneity, house price...
Persistent link: https://www.econbiz.de/10014325788
We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time-dated risky prospects are constant within CLs and are...
Persistent link: https://www.econbiz.de/10012814571
Many risk and time elicitation designs rely on choice lists that aim to capture a switch point. A choice list for a respondent typically contains two switch point defining choices; the other responses are dominated in the sense that the preferred option could be inferred from the switch point....
Persistent link: https://www.econbiz.de/10014575257
The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...
Persistent link: https://www.econbiz.de/10014575294