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Saint-Paul, Gilles - 2017

Satiation of need is generally ignored by growth theory. I study a model where consumers may be satiated in any given … good but new goods may be introduced. A social planner will never elect a trajectory with long-run satiation. Instead, he … satiation. This, despite that the social costs of innovation are second order compared to their social benefits. Multiple …

Persistent link: https://www.econbiz.de/10011744591

Subjective Well-Being and Income: Is There Any Evidence of Satiation?

Stevenson, Betsey; Wolfers, Justin - 2013

does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. …

Persistent link: https://www.econbiz.de/10010319466

Subjective Well‐Being and Income: Is There Any Evidence of Satiation?

Stevenson, Betsey; Wolfers, Justin - Institute for the Study of Labor (IZA) - 2013

-log and does not diminish as incomes rise. If there is a satiation point, we are yet to reach it. …

Persistent link: https://www.econbiz.de/10010660252

Rational alcohol addiction: evidence from the Russian longitudinal monitoring survey

Baltagi, Badi H.; Geishecker, Ingo - 2006

Alcohol consumption in Russia is legendary and has been reported to be the third leading cause of death in the former Soviet Union after heart disease and cancer. Are Russian alcohol consumers rational addicts? This paper uses eight rounds of a nationally representative Russian survey spanning...

Persistent link: https://www.econbiz.de/10010270618

Rational Addiction and Time Consistency: An Empirical Test

Piccoli, Luca; Tiezzi, Silvia - 2020

This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its derived demand equation is not empirically distinguishable from models with forward looking behavior, but with time inconsistent preferences. The implication is that, even when...

Persistent link: https://www.econbiz.de/10012180099

Eggs When Young, Chicken When Old. Time Consistency and Addiction over the Life Cycle

Piccoli, Luca; Tiezzi, Silvia - 2023

This paper tests whether young and adult smokers have different time preferences, in particular with respect to time consistency. The recent introduction of Tobacco 21 law in the US were in part motivated by allegedly inconsistent time preferences of the young consumers. This research...

Persistent link: https://www.econbiz.de/10014377275

The Welfare Implications of Addictive Substances: A Longitudinal Study of Life Satisfaction of Drug Users

Moschion, Julie; Powdthavee, Nattavudh - 2017

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/10011787031

Rational Alcohol Addiction: Evidence from the Russian Longitudinal Monitoring Survey

Baltagi, Badi H.; Geishecker, Ingo - Institute for the Study of Labor (IZA) - 2006

Persistent link: https://www.econbiz.de/10005762410

Does Patience Matter for Marriage Stability? Some Evidence from Italy

De Paola, Maria; Gioia, Francesca - 2013

impatience of one standard deviation increases the probability of experiencing divorce by almost one percentage point. Our …

Persistent link: https://www.econbiz.de/10010328886

Procrastination, Academic Success and the Effectiveness of a Remedial Program

De Paola, Maria; Scoppa, Vincenzo - 2014

Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in finalizing their university enrolment procedure. We...

Persistent link: https://www.econbiz.de/10010352320