Showing 1 - 10 of 1,412
Consider an experiment in which subjects are asked to choose between pairs consisting of a monetary payment and a time-delay at which the payment is delivered. Given a finite set of observations, under what conditions the choices of an individual agent can be rationalised by a discounted utility...
Persistent link: https://www.econbiz.de/10015242900
The study explores the application of demand theory in studying consumer spending behaviour and policy analysis, with a focus on food demand and consumption patterns. It reviews various demand function systems and introduces the differential approach as a superior method for modelling demand....
Persistent link: https://www.econbiz.de/10015213722
This study assessed households’ willingness to pay and payments for water services supplied by the Akwa Ibom Water Company Limited using the Heckman two-step analysis. Using the survey research design, these households comprised households that have access to 5.06% of water supply services...
Persistent link: https://www.econbiz.de/10015214367
This study assessed households’ willingness to pay and payments for water services supplied by the Akwa Ibom Water Company Limited using the Heckman two-step analysis. Using the survey research design, these households comprised households that have access to 5.06% of water supply services...
Persistent link: https://www.econbiz.de/10015214372
This paper studies whether anomalies in consumption can be explained by a behavioral model in which agents make predictable errors in forecasting income. We use a micro-data set containing subjective expectations about future income. The paper shows that, the null hypothesis of rational...
Persistent link: https://www.econbiz.de/10015215358
We conduct a proper test of the claim that people are overconfident, in the sense that they believe that they are better than others. The results of the experiment we present do not allow us to reject the hypotheses that the data has been generated by perfectly rational, unbiased, and...
Persistent link: https://www.econbiz.de/10015215497
Raising real interest rates has been cited as a way to increase private saving,and thus provide the resources for growth. But this may not be a viable approach in the poorest developing countries in which most people live at subsistence level. In these situations, consumption is not very...
Persistent link: https://www.econbiz.de/10015215615
Our paper empirically considers two general hypotheses related to the literature of behavioral economics. First, we test the null hypothesis that individuals behave, on average, in a manner more consistent with the rational expectations hypothesis than with the idea of self-control in the face...
Persistent link: https://www.econbiz.de/10015216285
This paper aims at analyzing fuel consumption in households of forest zones, and showed fuelwood’s place as energy source in the region. The study is carried out in Cameroon and it is based on a survey done in 1996. A sample of 400 household from Yaounde, Mbalmayo and Ebolowa was used. The...
Persistent link: https://www.econbiz.de/10015216795
This dissertation treats the topic of environmentally unfriendly consumption behaviour in relation to air pollution and the use of automobiles in Mexico City by analyzing three related aspects: i) relevant factors of driving patterns, ii) differences in the extent of pollution arising from...
Persistent link: https://www.econbiz.de/10015218708