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Preference for the workplace, investment in human capital, and gender

Wiswall, Matthew; Zafar, Basit - 2016

In this paper, we use a hypothetical choice methodology to robustly estimate preferences for workplace attributes. Undergraduate students are presented with sets of jobs that vary in their attributes (such as earnings and job hours flexibility) and asked to state their probabilistic choices. We...

Persistent link: https://www.econbiz.de/10011537997

Choices Which Change Life Satisfaction: Similar Results for Australia, Britain and Germany

Headey, Bruce; Muffels, Ruud; Wagner, Gert G. - 2010

accepted theory of SWB, set-point theory. This theory holds that adult SWB is stable in the medium and long term, although … temporary fluctuations occur due to life events. Set-point theory has come under increasing criticism in recent years, primarily … explanations which can account for medium and long term change, and not merely stability in SWB. Set-point theory is limited …

Persistent link: https://www.econbiz.de/10011600944

Self-regulation of pollution: The role of market structure and consumer information

Garvie, Devon A. - 1997

A Cournot-Nash oligopoly model is used to study self-regulation of industrial pollution emissions. Consumers have environmental preferences such that demand is decreasing in their knowledge of industrial emissions. Symmetric firms choose output and emission control input levels. Under...

Persistent link: https://www.econbiz.de/10011608332

Modelling zero bids in contingent valuation surveys

Strazzera, Elisabetta; Scarpa, Riccardo; Calia, Pinuccia; … - 2000

When modelling data generated from a discrete choice contingent valuation question, the treatment of zero bids affects the welfare estimates. Zero bids may come from respondents who are not interested in the provision of the public good; alternatively, some zero-bidders may be protesting about...

Persistent link: https://www.econbiz.de/10011608619

What do we gain by being discrete? An introduction to the econometrics of discrete decision processes

Rota, Paola - 2001

In this paper we analyse methods which allow us to estimate and identify the sources of censoring in dynamic models. We explicitly take into account the existence of corner solutions by considering a discrete-time-discrete-choice dynamic structural model. The availability of microeconomic...

Persistent link: https://www.econbiz.de/10011608784

International trade and cultural diversity : a model of preference selection

Bala, Vankatesh; Long, Ngo Van - 2004

We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much larger than the other, its preferences can eventually take over the preferences of the second country. This result may provide an explanation of why small countries sometimes...

Persistent link: https://www.econbiz.de/10010261231

Risk management of pension systems from the perspective of loss aversion

Binswanger, Johannes - 2005

This paper studies pension design from a risk management point of view using a lexicographic loss aversion model. Interest in this model stems from the fact that it explains income expansion paths of equity and total savings particularly well. I find that all income groups are likely to benefit...

Persistent link: https://www.econbiz.de/10010261352

Health values, preference inconsistency, and insurance demand

Wrede, Matthias - 2005

Several empirical studies provide evidence that their actual health state affects people's attitudes towards health and medical care in hypothetical health states. In the tradition of behavioural economics this paper considers the actual health state as a point of reference and builds a model...

Persistent link: https://www.econbiz.de/10010261396

A Vague Theory of Choice over Time

Manzini, Paola; Mariotti, Marco - 2004

We propose a novel approach to modelling time preferences, based on a cognitive shortcoming of human decision makers: the perception of future events becomes increasingly ?blurred? as the events are pushed further in time. We axiomatise a class of preference representations which can be...

Persistent link: https://www.econbiz.de/10010261983

Rationalizing Boundedly Rational Choice : Sequential Rationalizability and Rational Shortlist Methods

Manzini, Paola; Mariotti, Marco - 2004

A sequentially rationalizable choice function is a choice function which can be obtained by applying sequentially a fixed set of asymmetric binary relations (rationales). A Rational ShortlistMethod (RSM) is a choice function which is sequentially rationalizable by two rationales. These concepts...

Persistent link: https://www.econbiz.de/10010261993

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