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their choice has an externality on third parties. One typical application is a household. We run an experiment in the German … household member, but shy away from exposing others to risk. We model the situation, and we find four distinct types of …
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production inefficiencies relate to consumption decisions and information sharing within the household. In a lab …-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do … further leads to sharp predictions. Joint contribution to a household public good compels spouses to make efficient production …
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production inefficiencies relate to consumption decisions and information sharing within the household. In a lab …-in-the-field experiment, male producers allocate too few inputs to their wife's plot, failing to maximize household aggregate profits. They do … further leads to sharp predictions. Joint contribution to a household public good compels spouses to make efficient production …
Persistent link: https://www.econbiz.de/10012168047
We develop a numerical model that simulates the evolution of a virtual population with an incentive and ability-based wage, capital yield from savings, social welfare system, and total income subject to taxation and political turnovers. Meta-heuristics, particle swarm optimization (PSO) in...
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