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Are There Real Effects of Licensing on Academic Research? A Life Cycle View

Thursby, Marie; Thursby, Jerry; Gupta-Mukherjee, Swasti - National Bureau of Economic Research (NBER) - 2005

Whether financial returns to university licensing divert faculty from basic research is examined in a life cycle context. As in traditional life cycle models, faculty devote more time to research, which can be either basic or applied, early and more time to leisure as they age. Licensing has...

Persistent link: https://www.econbiz.de/10005085121

Willpower and the Optimal Control of Visceral Urges

Silverman, Dan; Ozdenoren, Emre; Salant, Stephen - National Bureau of Economic Research (NBER) - 2006

Common intuition and experimental psychology suggest that the ability to self-regulate, willpower, is a depletable resource. We investigate the behavior of an agent who optimally consumes a cake (or paycheck or workload) over time and who recognizes that restraining his consumption too much...

Persistent link: https://www.econbiz.de/10005580873

Delay Functions as the Foundation of Time Preference: Testing for Separable Discounted Utility

Noor, Jawwad; Ericson, Keith Marzilli - National Bureau of Economic Research (NBER) - 2015

Delay functions, which vary timing of rewards but fix the money dimension, can elicit the form of discount functions with minimal assumptions. We present a general theorem that characterizes the set of discount functions and utility indices compatible with any 'regular' preference. We provide...

Persistent link: https://www.econbiz.de/10011262925

Resolving Intertemporal Conflicts: Economics vs Politics

Heal, Geoffrey; Millner, Antony - National Bureau of Economic Research (NBER) - 2014

Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...

Persistent link: https://www.econbiz.de/10011079878

Individual Time Preferences and Energy Efficiency

Newell, Richard; Siikamäki, Juha - National Bureau of Economic Research (NBER) - 2015

We examine the role of individual discount rates in energy efficiency decisions using evidence from an extensive survey of U.S. homeowners to elicit preferences for energy efficiency and cash flows over time. We find considerable heterogeneity in individual discount rates. We also find that...

Persistent link: https://www.econbiz.de/10011189097

The Wealthy Hand-to-Mouth

Kaplan, Greg; Violante, Giovanni L.; Weidner, Justin - National Bureau of Economic Research (NBER) - 2014

), despite owning sizable amounts of illiquid assets (assets that carry a transaction cost, such as housing or retirement …

Persistent link: https://www.econbiz.de/10010772575

On the Interaction of Memory and Procrastination: Implications for Reminders

Ericson, Keith M Marzilli - National Bureau of Economic Research (NBER) - 2014

I examine the interaction between present-bias and limited memory. Individuals in the model must choose when and whether to complete a task, but may forget or procrastinate. Present-bias expands the effect of memory: it induces delay and limits take-up of reminders. Cheap reminder technology can...

Persistent link: https://www.econbiz.de/10010888676

The Joint Identification of Utility and Discount Functions From Stated Choice Data: An Application to Durable Goods Adoption

Dube, Jean-Pierre H.; Hitsch, Günter J.; Jindal, Pranav - National Bureau of Economic Research (NBER) - 2012

We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In...

Persistent link: https://www.econbiz.de/10010969265

Incentives, Commitments and Habit Formation in Exercise: Evidence from a Field Experiment with Workers at a Fortune-500 Company

Royer, Heather; Stehr, Mark F.; Sydnor, Justin R. - National Bureau of Economic Research (NBER) - 2012

Financial incentives have been shown to have strong positive short‐run effects for problematic health behaviors, but the effects often disappear once incentive programs end. This paper analyzes the results of a large‐scale workplace field experiment to examine whether self‐funded...

Persistent link: https://www.econbiz.de/10010969298

Aspirations and Inequality

Genicot, Garance; Ray, Debraj - National Bureau of Economic Research (NBER) - 2014

the social determinants of preferences play an important role. We examine conditions under which growth is compatible with … typically clustered around local poles. Finally, the theory has predictions for the growth rates along the cross-section of … income. We use these predictions to calibrate the model so that it fits growth data by income percentile for 43 countries …

Persistent link: https://www.econbiz.de/10010951084