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Social preferences under risk: an experimental analysis
Bradler, Christiane - 2009
The literature on social preferences provides overwhelming evidence of departures from pure self-interest of individuals. Experiments show that people care about others' well-being and their relative standing. This paper investigates whether this type of behavior persists when risk comes into...
Persistent link: https://www.econbiz.de/10010299505
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Social preferences under risk: an experimental analysis
Bradler, Christiane - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
The literature on social preferences provides overwhelming evidence of departures from pure self-interest of individuals. Experiments show that people care about others' well-being and their relative standing. This paper investigates whether this type of behavior persists when risk comes into...
Persistent link: https://www.econbiz.de/10008500715
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Heterogeneous expectations among professional forecasters
Conrad, Christian; Lahiri, Kajal - 2023
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity …. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and … discuss theoretical explanations for heterogeneous expectations. We then provide an overview of the empirical evidence …
Persistent link: https://www.econbiz.de/10014476375
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Stability and explanatory power of inequality aversion: an investigation of the house money effect
Dannenberg, Astrid; Riechmann, Thomas; Sturm, Bodo; … - 2010
In this paper, we analyse if individual inequality aversion measured with simple experimental games depends on whether the monetary endowment in these games is either a windfall gain ("house money") or a reward for a certain effort-related performance. Moreover, we analyse whether the way of...
Persistent link: https://www.econbiz.de/10010299932
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Stability and explanatory power of inequality aversion: an investigation of the house money effect
Dannenberg, Astrid; Riechmann, Thomas; Sturm, Bodo; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
In this paper, we analyse if individual inequality aversion measured with simple experimental games depends on whether the monetary endowment in these games is either a windfall gain ("house money") or a reward for a certain effort-related performance. Moreover, we analyse whether the way of...
Persistent link: https://www.econbiz.de/10008615605
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The Impact of Equity-preferences on the Stability of Heterogeneous International Agreements
Lange, Andreas - 2004
This paper studies the impact of equity considerations on the stability of international agreements between heterogeneous countries. We show that allowing countries to finance abatement projects in developing countries which, due to equity-reasons, have no binding emission targets can reduce the...
Persistent link: https://www.econbiz.de/10010297375
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Implications of inequality aversion for international climate policy
Vogt, Carsten; Sturm, Bodo - 2011
In this paper, we extend the Fehr and Schmidt model of inequality aversion to a situation where the players differ with respect to their benefits and costs from contributions to a non-linear public good. A necessary condition for contributing to the public good is that the players' benefit...
Persistent link: https://www.econbiz.de/10010306006
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Implications of inequality aversion for international climate policy
Vogt, Carsten; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
In this paper, we extend the Fehr and Schmidt model of inequality aversion to a situation where the players differ with respect to their benefits and costs from contributions to a non-linear public good. A necessary condition for contributing to the public good is that the players' benefit...
Persistent link: https://www.econbiz.de/10009283657
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The Impact of Equity-preferences on the Stability of Heterogeneous International Agreements
Lange, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
This paper studies the impact of equity considerations on the stability of international agreements between heterogeneous countries. We show that allowing countries to finance abatement projects in developing countries which, due to equity-reasons, have no binding emission targets can reduce the...
Persistent link: https://www.econbiz.de/10005098207
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The impact of political announcements on expectations concerning the starting date of the EMU - A microeconometric approach to the detection of event-dependent answering patterns i...
Kaiser, Ulrich - 1997
This paper examines German business survey data to uncover the influence of political news on expectations concerning …
Persistent link: https://www.econbiz.de/10010299650