Showing 1 - 10 of 2,314
, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …
Persistent link: https://www.econbiz.de/10003460691
individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …
Persistent link: https://www.econbiz.de/10009629634
. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …
Persistent link: https://www.econbiz.de/10009629645
preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time … preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …
Persistent link: https://www.econbiz.de/10011458093
attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … desirable. -- workfare ; welfare ; means-testing ; misreporting ; utility maintenance …
Persistent link: https://www.econbiz.de/10008810706
's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …
Persistent link: https://www.econbiz.de/10011893881
-based utility in the context of video-game engagement. Using data on 2.8 million matches from League of Legends, we find evidence … surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …
Persistent link: https://www.econbiz.de/10014502890
This paper is dedicated to the empirical exploration of the welfare effect of expectations and progress per se. Using ten waves of the Russian Longitudinal Monitoring Survey, a panel household survey rich in subjective variables, the analysis suggests that for a given total stock of...
Persistent link: https://www.econbiz.de/10003355566
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the persistence of unequal outcomes in the labour market even beyond the causes that originally generated them. The theoretical framework used is a two-stage game of incomplete...
Persistent link: https://www.econbiz.de/10003904618