Showing 1 - 10 of 173
A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number k of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We provide a characterization of...
Persistent link: https://www.econbiz.de/10010316052
Using newly comprehensive data and tools from the Global Consumption and Income Project or CGIP, covering most of the world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its implications for our understanding of inequality,...
Persistent link: https://www.econbiz.de/10010516222
We introduce two separate datasets (The Global Consumption Dataset (GCD) and The Global Income Dataset (GID)) making possible an unprecedented portrait of consumption and income of persons over time, within and across countries, around the world. The current benchmark version of the dataset...
Persistent link: https://www.econbiz.de/10011483212
Economic models typically assume that individual wants are determined by forces exogenous to the economic system. Social psychology and consumer research, in contrast, support the view that the perceived benefits of consumption are strongly affected by endogenously determined social norms. This...
Persistent link: https://www.econbiz.de/10011967998
The paper explores how repeated revisions of consumption plans increase long-run utility. If agents value present … generalization of the Samuelson discounted utility model to allow for utility linked to next period consumption. Agents are assumed …
Persistent link: https://www.econbiz.de/10011968374
Unlike most studies of subjective well-being in developing countries, we use a fixed effects regression on three rounds of rich panel data to investigate the impact of relative standing on life satisfaction of respondents in urban Ethiopia. We find a consistently large negative impactof relative...
Persistent link: https://www.econbiz.de/10010755765
Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our...
Persistent link: https://www.econbiz.de/10015053555
future uncertainty from realised events, and then measuring the impact of uncertainty on utility, presents a number of …
Persistent link: https://www.econbiz.de/10010755766
The standard approach in empirical analyses of income distributions is to estimate income inequality in a country under the assumption of full interpersonal comparability of income. To be meaningful, this method requires that prices and qualities of goods as well as consumption habits are...
Persistent link: https://www.econbiz.de/10011968268
This paper examines different approaches to the measurement of multidimensional inequality and poverty. First, it outlines three aspects preliminary to any multidimensional study: the selection of the relevant dimensions; the indicators used to measure them; and the procedures for their...
Persistent link: https://www.econbiz.de/10011968562