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wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …
Persistent link: https://www.econbiz.de/10009477527
There is substantial empirical evidence and increasing recognition that not only outcomes, but also the procedures leading to them, can affect people' s utility from, and their reactions to, those decisions. However, there is still a large gap between numerous studies by non-economists (e.g.,...
Persistent link: https://www.econbiz.de/10009468509
Eine Vielzahl von Ökonomen untersucht mit Hilfe verschiedener theoretischer Modelle, inwiefern Steuern Einfluss auf wirtschaftliche Entscheidungen haben. Eine grundlegende Annahme in diesen Modellen ist dabei die Abwesenheit von Fehlwahrnehmungen. Ziel dieser Arbeit ist es, systematische...
Persistent link: https://www.econbiz.de/10009478158
En este trabajo se modelizan las decisiones de compra de vivienda principal y secundaria por parte de los hogares españoles utilizando la muestra panel proveniente de las dos primeras olas de la Encuesta Financiera de las Familias (EFF). Se estiman modelos de tasas de compra utilizando...
Persistent link: https://www.econbiz.de/10012530313
Frequent criticism in dynamic decision making research pertains to the overly complex nature of the decision tasks used in experimentation. To address such concerns we study dynamic decision making with respect to the simple race game Hog, which has a computable optimal decision strategy. In the...
Persistent link: https://www.econbiz.de/10009458721
tieferliegenden Ursachen für die langsame Diffusion von nachhaltigem Konsum sind das Thema der vorliegenden Arbeit. Um die … ökologischen oder sozialen Folgen sind konsuminduziert und insofern ist der Konsum das zentrale Handlungsfeld einer nachhaltigen … Entwicklung beitragen. Aus diesem Grund untersucht diese Arbeit primär die Verbreitung von nachhaltigem Konsum. Besondere …
Persistent link: https://www.econbiz.de/10009449366
Our study uses the data collected during the implementation of the tobacco buyout program inKentucky to evaluate how rural households, diverse in income, age, family structure, location,education level, and other characteristics, made a choice between annuities and a lump-sumpayment. Subjects in...
Persistent link: https://www.econbiz.de/10009446535
Impulsivity and inconsistency in intertemporal choice have been attracting attention in econophysics and neuroeconomics. Although loss of self-control by substance abusers is strongly related to their inconsistency in intertemporal choice, researchers in neuroeconomics and psychopharmacology...
Persistent link: https://www.econbiz.de/10009448386
Clean renewable energy bonds (CREBs) present a low-cost opportunity for public entities to issue bonds to finance renewable energy projects. The federal government lowers the cost of debt by providing a tax credit to the bondholder in lieu of interest payments from the issuer. Because CREBs are...
Persistent link: https://www.econbiz.de/10009435846