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This paper provides an empirical test of the rational addiction model, used in economics to model individuals' consumption of addictive substances, versus the utility misprediction model, used in psychology to explain the discrepancy between people's decision and their subsequent experiences. By...
Persistent link: https://www.econbiz.de/10012942107
The share of income held by the top 1 percent in many countries around the world has been rising persistently over the …
Persistent link: https://www.econbiz.de/10013000068
While economic deprivation is an important determinant of civil conflict, it cannot completely explain the incentives for warfare. In irregular wars, for example, both incumbents and insurgents may employ various tactics to win the hearts and minds of civilians in order to muster territorial...
Persistent link: https://www.econbiz.de/10012861302
We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on health care demand in the United Kingdom. This strategy allows us to estimate lottery income elasticities for a range of health care services that are publicly and privately provided. The results...
Persistent link: https://www.econbiz.de/10013025317