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-capita expenditures and ignore the extent of within-household inequality. Recent advances in the estimation of collective models suggest … stability upon exclusive goods across individuals or household types) and the observation of exclusive goods. So far, the …
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In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
Persistent link: https://www.econbiz.de/10012894284
Scholars and enforcement officials debate the merits and implications of “behavioral antitrust” — the application of empirical evidence showing how human behavior departs systematically and predictably from strict rationality (“bounded rationality”) to antitrust law. Notwithstanding...
Persistent link: https://www.econbiz.de/10012999218
This research examined whether people can accurately predict the risk preferences of others.Three experiments featuring different designs revealed a systematic bias: that participants predicted others to be more risk seeking than themselves in risky choices, regardless of whether the choices...
Persistent link: https://www.econbiz.de/10014026773
We compute a stochastic household forecast for the Netherlands by the random share method. Time series of shares of … persons in nine household positions, broken down by sex and five-year age group for the years 1996-2010 are modelled by means … of time indices for each household position for men and women. We model these time indices as a Random Walk with Drift …
Persistent link: https://www.econbiz.de/10010354141
the current global pandemic crisis, the future of household finances is uncertain. The change of the macroeconomic and …
Persistent link: https://www.econbiz.de/10012805903
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When choices are inconsistent due to behavioral biases, there is a theoretical debate about whether the structure of a model is necessary for providing precise welfare guidance based on those choices. To address this question empirically, we use standard data sets from the lab and field to...
Persistent link: https://www.econbiz.de/10012854600