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Is there really a green paradox?

Ploeg, Frederick van der; Withagen, Cees - 2010

Persistent link: https://www.econbiz.de/10003973298

Nonrenewable resources, strategic behavior and the hotelling rule : an experiment

Veldhuizen, Roel van; Sonnemans, Joep - 2011

Persistent link: https://www.econbiz.de/10008824720

Is there really a green paradox?

Ploeg, Frederick van der; Withagen, Cees - 2012 - Revised 21 June 2012

Optimal climate policy is studied in a Ramsey growth model with exhaustible oil reserves, an infinitelyelastic supply of renewables, stock-dependent oil extraction costs and convex climate damages. Weconcentrate on economies with an initial capital stock below that of the steady state of the...

Persistent link: https://www.econbiz.de/10011380023

Nonrenewable resources, strategic behavior and the hotelling rule : an experiment

Veldhuizen, Roel van; Sonnemans, Joep - 2011

This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...

Persistent link: https://www.econbiz.de/10011382748

Non-marginal cost-benefit analysis and the tyranny of discounting

Vermeylen, Koen - 2013

, effectively defeating the tyranny of discounting. A back-of-the-envelope calibration suggests that this last result is realistic …

Persistent link: https://www.econbiz.de/10010227375

HIV/AIDS, risk aversion and intertemporal choice

Lammers, Judith; Wijnbergen, Sweder van - 2008 - Rev.

This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...

Persistent link: https://www.econbiz.de/10011373818

Eliciting discount functions when baseline consumption changes over time

Gerber, Anke; Rohde, Kirsten I. M. - 2014

preference reversals arecommonly interpreted as contradicting constant discounting. This interpretation is correctonly if … baseline consumption to which the outcomes are added, remains constant over time.The difficulty with measuring discounting when … discounted. In this paper we propose a way to disentangle thetwo effects, which allows us to draw conclusions about discounting …

Persistent link: https://www.econbiz.de/10011379439

Axiomatization and implementation of discounted shapley values

Brink, René van den; Funaki, Yukihiko - 2010

We generalize the null player property (satisfied by the Shapley value) and nullifying player property (satisfied by the equal division solution) to the so-called delta-reducing player property, stating that a delta-reducing player (being a player such that any coalition containing this player...

Persistent link: https://www.econbiz.de/10011380928

Be patient when measuring Hyperbolic Discounting : stationarity, time consistency and time invariance in a field experiment

Janssens, Wendy; Kramer, Berber; Swart, Lisette - 2015

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …

Persistent link: https://www.econbiz.de/10011307819

Generalized reduced rank tests using the singular value decomposition

Kleibergen, Frank; Paap, Richard - 2003

We propose a novel statistic to test the rank of a matrix. The rank statistic overcomes deficiencies of existing rank statistics, like: a Kronecker covariance matrix for the canonical correlation rank statistic of Anderson [Annals of Mathematical Statistics (1951), 22, 327–351] sensitivity to...

Persistent link: https://www.econbiz.de/10011332818