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Buffat, Justin; Senn, Julien - 2017

Corruption is a widespread phenomenon. Nevertheless, causal evidence on the effects of corruption is still lacking. In … this paper, we assess whether and how corruption affects cooperation using a public good game experiment. Overall … intensive and the extensive margin. Second, bribery discourages initially high contributors, who gradually decrease their …

Persistent link: https://www.econbiz.de/10011784295

Property taxation, bounded rationality and housing prices

Elinder, Mikael; Persson, Lovisa - 2014

In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...

Persistent link: https://www.econbiz.de/10011396721

Informational requirements of nudging

Benkert, Jean-Michel; Netzer, Nick - 2016

A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare-theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences and...

Persistent link: https://www.econbiz.de/10011663169

Informational requirements of nudging

Benkert, Jean-Michel; Netzer, Nick - 2015

A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...

Persistent link: https://www.econbiz.de/10011282524

The appeal of information transactions

Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - 2012

An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent's preferences for information. The index of information...

Persistent link: https://www.econbiz.de/10010420275

Transmission channels of the global economic crisis: Micro evidence for Macedonia

Jovanovikj, Biljana; Georgievska, Ljupka - 2013

The 2008-2009 global recession, which originated in developed economies, has rapidly spilled over worldwide, hitting different economies with various intensity. The Macedonian economy was not an exception - the export sector suffered heavily, expectations deteriorated and household consumption...

Persistent link: https://www.econbiz.de/10011785351

An economic index of riskiness

Aumann, Robert J.; Serrano, Roberto - 2006

Define the riskiness of a gamble as the reciprocal of the absolute risk aversion (ARA) of an individual with constant ARA who is indifferent between taking and not taking that gamble. We characterize this index by axioms, chief among them a “duality” axiom which, roughly speaking, asserts...

Persistent link: https://www.econbiz.de/10010318897

Entropy and the value of information for investors

Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - 2010

Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure 'a' is more informative than information structure...

Persistent link: https://www.econbiz.de/10010284049

An asymmetric dynamic struggle between pirates and producers

Coram, Alex - 2006

The purpose of this paper is to contribute to our understanding of the dynamics of struggles over resources by studying a game between a producer that can guard and buy fortifications and a pirate. It is assumed that the returns from defence and raiding depends on the ratio of the resources...

Persistent link: https://www.econbiz.de/10010287822

Does Risk-Adjusted Payment Influence Primary Care Providers' Decision on Where to Set Up Practices?

Anell, Anders; Dackehag, Margareta; Dietrichson, Jens - 2016

Providing equal access to health care is an important objective in most health care systems. It is especially pertinent in systems like the Swedish primary care market, where providers are free to establish themselves in any part of the country. To improve equity in access to care, 15 out 21...

Persistent link: https://www.econbiz.de/10013208767

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