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Intertemporal efficiency and equity under hyperbolic preferences: Ex ante versus ex post procrastination
Winkler, Ralph - 2004
In this paper I extend the well known result that a hyperbolically discounting agent postpones costs into the future. If society has hyperbolic inter-temporal preferences, it may be optimal from an ex ante point of view to postpone structural change from a polluting to a non polluting production...
Persistent link: https://www.econbiz.de/10011422111
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Life-Cycle Preferences Revisited
Bommier, Antoine - 2011
provide an interesting alternative to additive preferences, allowing to separate risk aversion from intertemporal elasticty of …
Persistent link: https://www.econbiz.de/10011753219
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Tax Policy with Uncertain Future Costs: Some Simple Models
Ball, Christopher; Creedy, John - 2013
role of uncertainty and risk aversion are examined using several highly simplified models involving a possible future …
Persistent link: https://www.econbiz.de/10012115643
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Characteristics of Terrorism
Pittel, Karen; Rübbelke, Dirk - 2009
Individual terrorist are frequently behaving seemingly absurd, e.g. by carrying out suicide operations, while activities of the terrorist organisations as a whole often seem to be conducted in a very effective way. These facts caused many researchers to regard the leaders representing the...
Persistent link: https://www.econbiz.de/10011753167
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Decision Processes of a Suicide Bomber – Integrating Economics and Psychology
Pittel, Karen; Rübbelke, Dirk T. G. - 2009
psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …
Persistent link: https://www.econbiz.de/10011753170
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Wealth transfers and the role of collateral when lifetimes are uncertain
Seghir, Abdelkrim; Torres-Martinez, Juan Pablo - 2006
We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.
Persistent link: https://www.econbiz.de/10011807351
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Gratuitous violence and the rational offender model
Foreman-Peck, James; Moore, Simon - 2009
of apprehension and the penalty if caught. While evidence indicates that rational theory is applicable to acquisitive … elicited risk attitudes and time preferences from respondents in a street survey. Admitted violent behaviour was predictable on … the basis of some of these responses. Consistent with the rational model, less risk averse and more impatient individuals …
Persistent link: https://www.econbiz.de/10010288750
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Structural models for policy-making: Coping with parametric uncertainty
Eisenhauer, Philipp; Gabler, Janos; Janys, Lena - 2021
The ex-ante evaluation of policies using structural econometric models is based on estimated parameters as a stand-in for the truth. This practice ignores uncertainty in the counterfactual policy predictions of the model. We develop a generic approach that deals with parametric uncertainty using...
Persistent link: https://www.econbiz.de/10012603363
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The implications of household size and children for life-cycle saving
Capéau, Bart; De Rock, Bram - 2015
On the basis of a concatenation of fifteen Belgian household budget surveys from 1995/96 to 2010, we investigate the impact of demographic factors, such as ageing and changing household composition, on saving behaviour. Not focusing on high frequency events (e.g. business cycles and unexpected...
Persistent link: https://www.econbiz.de/10011506806
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Quantifying risk and uncertainty in macroeconomic forecasts
Knüppel, Malte; Tödter, Karl-Heinz - 2007
This paper discusses methods to quantify risk and uncertainty in macroeconomic forecasts. Both, parametric and non … macroeconometric model of the Bundesbank for Germany. Forecast intervals that integrate judgement on risk and uncertainty are obtained. …
Persistent link: https://www.econbiz.de/10010295862