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European Expert Group on Corporate Social … - 2007

Persistent link: https://www.econbiz.de/10009637783

Intergenerational altruism and neoclassical growth models

Michel, Philippe; Thibault, Emmanuel; Vidal, Jean-Pierre - 2004

This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to … intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an … intergenerational altruism. Other forms of altruism, referred to as ad hoc altruism, are also examined, along with their implications …

Persistent link: https://www.econbiz.de/10009639441

Subprime consumer credit demand

Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...

Persistent link: https://www.econbiz.de/10009640638

On prosperity and posterity

Detken, Carsten; Gaspar, Vítor; Winkler, Bernhard - 2004

We show how in a Blanchard-Yaari, overlapping generations framework, perfect substitutability of government bonds in Monetary Union tempts governments to exploit the enlarged common pool of savings. In Nash equilibrium all governments increase their bond financed transfers to current generations...

Persistent link: https://www.econbiz.de/10009639481

Systemic risk-taking

Korinek, Anton - 2011

This paper analyzes the efficiency of risk-taking decisions in an economy that is prone to systemic risk, captured by financial amplification effects that occur in response to strong adverse shocks. It shows that decentralized agents who have unconstrained access to a complete set of Arrow...

Persistent link: https://www.econbiz.de/10009640834

Risk sharing through financial markets with endogenous enforcement of trades

Köppl, Thorsten V. - 2004

When people share risk in financial markets, intermediaries provide costly enforcement for most trades and, hence, are an integral part of financial marketsu0092 organization. We assess the degree of risk sharing that can be achieved through financial markets when enforcement is based on the...

Persistent link: https://www.econbiz.de/10009636542

Behavioural economics and taxation

Weber, Till Olaf - European Commission / Directorate General for Taxation …; … - 2014

Persistent link: https://www.econbiz.de/10010343060

Tax compliance social norms and institutional quality : an evlolutionary theory of public good provision

Nicolaides, Panayiotis - 2014

Persistent link: https://www.econbiz.de/10010478775