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An Investigation of Time Consistency for Subjective Discontinued Utility
Lapied, André; Renault, Olivier - HAL - 2012
A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with … works has studied time inconsistency as a direct application of hyperbolic discounting. These articles share the common … particular, an axiomatic discounting model called Subjective Discounted Utility (SDU) is provided to illustrate how hyperbolic …
Persistent link: https://www.econbiz.de/10010933846
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An Investigation of Time Consistency for Subjective Discontinued Utility
Lapied, André; Renault, Olivier - 2012
A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with … works has studied time inconsistency as a direct application of hyperbolic discounting. These articles share the common … particular, an axiomatic discounting model called Subjective Discounted Utility (SDU) is provided to illustrate how hyperbolic …
Persistent link: https://www.econbiz.de/10010900267
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Willingness to pay for public health policies to treat illnesses
Bosworth, Ryan; Cameron, Trudy Ann; DeShazo, J.R. - In: Journal of Health Economics 39 (2015) C, pp. 74-88
As the US pursues health care reform, it is important to understand the patterns in demand for, and opposition to, public provision of medical treatments. Using data from a nationally representative survey, we develop and estimate a utility-theoretic choice model to quantify demand for publicly...
Persistent link: https://www.econbiz.de/10011193943
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Environmental Policy and Capital Movements: The Role of Government Commitment
Marsiliani, Laura; Renström, Thomas I. - Fondazione ENI Enrico Mattei (FEEM) - 2003
This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...
Persistent link: https://www.econbiz.de/10005385496
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Environmental Policy and Capital Movements: The Role of Government Commitment
Marsiliani, Laura; Renstrom, Thomas - University of Rochester - Wallis Institute of Political … - 2002
This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...
Persistent link: https://www.econbiz.de/10005200823
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The Role of Government Commitment for Environmental Policy and Capital Movements
Marsiliani, Laura; Renström, Thomas - In: Topics in Macroeconomics 6 (2007) 3, pp. 1229-1229
This paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...
Persistent link: https://www.econbiz.de/10005046443
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Timing and Commitment of Environmental Policy, Adoption of New Technology, and Repercussions on R&D
Requate, Till - In: Environmental & Resource Economics 31 (2005) 2, pp. 175-199
We investigate the interplay between environmental policy, incentives to adoptnew technology, and repercussions on R&D. We study a model where a monopolistic upstream firm engages in R&D and sells advanced abatement technology to polluting downstream firms. We consider four different timing and...
Persistent link: https://www.econbiz.de/10005721952
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Fair management of social risk.
Bommier, Antoine; Lanz, Bruno; Zuber, Stéphane - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2014
We study the role of alternative intertemporal preference representations in a model of economic growth, stock pollutant and endogenous risk of catastrophic collapse. We contrast the traditional “discounted utility” model, which assumes risk neutrality with respect to intertemporal utility,...
Persistent link: https://www.econbiz.de/10010753975
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Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change
Bommier, Antoine; Lanz, Bruno; Zuber, Stéphane - Center for International Environmental Studies, The … - 2013
We study the role of alternative intertemporal preference representations in a model of economic growth, stock pollutant and endogenous risk of catastrophic collapse. We contrast the traditional “discounted utility” model, which assumes risk neutrality with respect to intertemporal utility,...
Persistent link: https://www.econbiz.de/10011115691
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Models-as-Usual for Unusual Risks? On the Value of Catastrophic Climate Change
Bommier, Antoine; Lanz, Bruno; Zuber, Stéphane - HAL - 2014
We study the role of alternative intertemporal preference representations in a model of economic growth, stock pollutant and endogenous risk of catastrophic collapse. We contrast the traditional "discounted utility" model, which assumes risk neutrality with respect to intertemporal utility, with...
Persistent link: https://www.econbiz.de/10011025953