Showing 1 - 10 of 165
More than 40% of US grain is used for energy due to the Renewable Fuels Mandate (RFS). There are no studies of the global distributional consequences of this purely domestic policy. Using micro-level survey data, we trace the effect of the RFS on world food prices and their impact on household...
Persistent link: https://www.econbiz.de/10012898125
We present a general equilibrium analysis of biofuel subsidies in an open-economy context. In the small-country case, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on crude is not available as a policy option, however, a...
Persistent link: https://www.econbiz.de/10013095320
facilitates the formation of common expectations. We disentangle the effect of training from the effect of its public knowledge …
Persistent link: https://www.econbiz.de/10013099096
Subjective expectations are fundamental for understanding individual behavior. Yet, little is known about how … individuals use new information to formulate and update their subjective expectations. In this study, we exploit data from a multi … subjective job gain expectations in Peru. Results show that jobseekers who received digital intermediation based on a large …
Persistent link: https://www.econbiz.de/10013081816
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10013082140
changing expectations about the evolution of the economic conditions in various countries. This paper addresses the first … expectations and current economic conditions at origin are significant determinants of migration, diversion effects account for 78 …
Persistent link: https://www.econbiz.de/10013087414
Within-subject data from sequential social dilemma experiments reveal a correlation of first-and second-mover decisions for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel that influences both first- and second-mover decisions;...
Persistent link: https://www.econbiz.de/10013153177
that a disappointment averse agent, who is loss averse around her endogenous expectations-based reference point, responds …
Persistent link: https://www.econbiz.de/10013154981
The paper explains how workers' expectations of being discriminated against can be self-confirming, accounting for the …
Persistent link: https://www.econbiz.de/10013155318
investment. Second, our results highlight that expectations regarding the duration of the shutdown—which, at this point of the …
Persistent link: https://www.econbiz.de/10012833870