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Choices which change life satisfaction : revising SWB theory to account for change
Headey, Bruce; Muffels, Ruud J. A.; Wagner, Gert G. - 2010
on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …
Persistent link: https://www.econbiz.de/10003966917
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The firm as a pool of factor complementarities
Lindbeck, Assar (contributor); Snower, Dennis J. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001799659
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Public and private insurance with costly transactions
Bertola, Giuseppe; Koeniger, Winfried - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10009011636
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Checkerboards and coase : transactions costs and efficiency in land markets
Akee, Randall (contributor) - 2006
The Coase theorem emphasizes the role transactions costs play in efficient market outcomes. We document inefficient outcomes, in the presence of a transactions cost, in southern California land markets and the corresponding transition to efficient outcomes after the transactions cost is...
Persistent link: https://www.econbiz.de/10003499221
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Individual-level loss aversion in riskless and risky choices
Gächter, Simon (contributor); Johnson, Eric J. (contributor) - 2007
Loss aversion can occur in riskless and risky choices. Yet, there is no evidence whether people who are loss averse in riskless choices are also loss averse in risky choices. We measure individual-level loss aversion in riskless choices in an endowment effect experiment by eliciting both WTA and...
Persistent link: https://www.econbiz.de/10003586547
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Bargaining over babies : theory, evidence, and policy implications
Doepke, Matthias; Kindermann, Fabian - 2016
It takes a woman and a man to make a baby. This fact suggests that for a birth to take place, the parents should first agree on wanting a child. Using newly available data on fertility preferences and outcomes, we show that indeed, babies are likely to arrive only if both parents desire one, and...
Persistent link: https://www.econbiz.de/10011454419
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Genetic ability, wealth, and financial decision-making
Barth, Daniel; Papageorge, Nicholas W.; Thom, Kevin - 2017
Recent advances in behavioral genetics have enabled the discovery of genetic scores linked to a variety of economic outcomes, including education. We build on this progress to demonstrate that the same genetic variants that predict educational attainment independently predict household wealth in...
Persistent link: https://www.econbiz.de/10011613150
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Intrahousehold decision making and fertility
Doepke, Matthias; Kindermann, Fabian - 2014
The economic theory of fertility choice builds predominantly on the unitary model of the household, in which there is a …
Persistent link: https://www.econbiz.de/10010458481
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Passive choices and cognitive spillovers
Altmann, Steffen; Grunewald, Andreas; Radbruch, Jonas - 2019
policies that encourage active decision-making. In an experiment designed to study passive behavior, we document three main …
Persistent link: https://www.econbiz.de/10012006101
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Voting in hiring committees : which "almost" rule is optimal?
Baharad, Eyal; Danziger, Leif - 2018
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the...
Persistent link: https://www.econbiz.de/10011795205