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to which buyers only are prosecuted. We focus on various measures of violence, distinguishing between known and unknown … perpetrator, indoor and outdoor crimes, and on health outcomes such as hospitalizations. This allows us to assess whether violence … occurs within the prostitution market, or outside of it, namely as domestic violence. The empirical analysis shows an …
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We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs. Heterogeneity of trust beliefs in the population, coupled with the tendency of individuals to extrapolate...
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We investigate the causal effect of the asymmetric criminalization of prostitution on sex tourism. We exploit legal reforms in five countries that switched from systems where prostitution was legal (Norway, Sweden, Ireland, Canada), or where only buying sex was legal (France), to the "Nordic...
Persistent link: https://www.econbiz.de/10014425843
The most popular models of decision making use a single criteria to evaluate projects or lotteries. However, decision makers may actually consider multiple criteria when evaluating projects. We consider a dual criteria model from psychology. This model integrates the familiar tradeoffs between...
Persistent link: https://www.econbiz.de/10012142356
Longitudinal experiments allow one to evaluate the temporal stability of latent preferences, but raise concerns about sample selection and attrition that may confound inferences about temporal stability. We evaluate the hypothesis of temporal stability in risk preferences using a remarkable data...
Persistent link: https://www.econbiz.de/10012142394
The paper shows that financial market equilibria need not exist if agents possess cumulative prospect theory preferences with piecewise-power value functions. The reason is an infiniteshort-selling problem. But even when a short-sell constraint is added, non-existence can occur due to...
Persistent link: https://www.econbiz.de/10005857777
Natural catastrophes attract regularly the attention of media and have become a source of public concern. From a financial viewpoint, natural catastrophes represent idiosyncratic risks,diversifiable at the world level. But for reasons analyzed in this pap er reinsurance markets are unable to...
Persistent link: https://www.econbiz.de/10005857781