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Commitment to self-rewards
Koch, Alexander K.; Nafziger, Julia - 2009
Self-administered rewards are ubiquitous. They serve as incentives for personal accomplishments and are widely recommended as tools for overcoming self-control problems. However, it seems puzzling why self-rewards can work: the prospect of a reward has a motivating force only if the threat of...
Persistent link: https://www.econbiz.de/10010271233
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The life satisfaction approach to environmental valuation
Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2009
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10010271282
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Altruism, fertility, and the value of children: health policy evaluation and intergenerational welfare
Birchenall, Javier A.; Soares, Rodrigo Reis - 2007
This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a value of life type of framework. We are able to express adults' willingness to pay for changes in child mortality...
Persistent link: https://www.econbiz.de/10010276671
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An Experimental Study of the POUM Hypothesis
Checchi, Daniele; Filippin, Antonio - 2003
period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …
Persistent link: https://www.econbiz.de/10010261622
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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults
Pesaran, Hashem; Xu, TengTeng - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...
Persistent link: https://www.econbiz.de/10010282516
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Deferred Compensation and Gift Exchange : An Experimental Investigation into Multi-Period Labor Markets
Wallace, Brian; Seltzer, Andrew J.; Huck, Steffen - 2004
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred …
Persistent link: https://www.econbiz.de/10010261943
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Living in Two Neighborhoods : Social Interactions in the Lab
Falk, Armin; Fischbacher, Urs; Gächter, Simon - 2004
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10010262127
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An Experimental Test of Career Concerns
Koch, Alexander K.; Morgenstern, Albrecht; Raab, Philippe - 2004
reasonably approximate real-life decision makers? behavior. Testing this theory with field data is difficult since typically …
Persistent link: https://www.econbiz.de/10010262147
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Knowing What Works The Case for Rigorous Program Evaluation
Schmidt, Christoph M. - 1999
Since interventions by the public sector generally commit substantial societal resources, the evaluation of effects and costs of policy interventions is imperative. This paper outlines why program evaluation should follow well-respected scientific standards and why it should be performed by...
Persistent link: https://www.econbiz.de/10010262297
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Does Money Illusion Matter? An Experimental Approach
Fehr, Ernst; Tyran, Jean-Robert - 2000
Money illusion means that people behave differently when the same objective situation is represented in nominal terms rather than in real terms. This paper shows that seemingly innocuous differences in payoff representation cause pronounced differences in nominal price inertia indicating the...
Persistent link: https://www.econbiz.de/10010262382