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Germany imposes an energy tax of 0.65€/l on gasoline which is one of the highest tax rates across countries. The effective tax is even higher when accounting for the consumption tax levied on top of the energy tax. Answers to the question whether such a high tax level is justified on...
Persistent link: https://www.econbiz.de/10011117270
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
Persistent link: https://www.econbiz.de/10005037410
the view that present-bias preferences are the main source of time inconsistent choices. …
Persistent link: https://www.econbiz.de/10010959378
Persistent link: https://www.econbiz.de/10011212085
Psychologists report that people make choices on the basis of "decision utilities" that routinely overestimate the "experienced utility" consequences of these choices. This paper argues that this dichotomy between decision and experienced utilities may be the solution to an evolutionary design...
Persistent link: https://www.econbiz.de/10005464024
present bias and exponential discounting predicts best, especially when both parameters are used. …
Persistent link: https://www.econbiz.de/10009144847
health, and preferred marine resource management approaches. We use a βδ-model to identify discounting and present bias … divers had similar distributions of IDFs and present bias; overall 66% of interviewees were non-biased, 22% future …-biased, and 12% present-biased. IDFs and present bias were able to predict management preferences after controlling for …
Persistent link: https://www.econbiz.de/10011043721
forced to compete head-to-head. Our results suggest that the now familiar (β, δ) formulation of present bias and exponential … discounting predicts best, especially when both parameters are used. …
Persistent link: https://www.econbiz.de/10011048090
Two-Stage Exponential (TSE) discounting, the model developed here, generalises exponential discounting in a … parsimonious way. It can be seen as an extension of Quasi-Hyperbolic discounting to continuous time. A TSE discounter has a … calendar time, TSE discounting captures time consistent behaviour. If it is expressed in waiting time, TSE discounting captures …
Persistent link: https://www.econbiz.de/10011190615