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In this paper we study the problem of indifference pricing in a discrete‐time setting where the decision‐maker's preferences are represented by a general monotone increasing and quasiconcave dynamic preference functional. We show that the indifference price is a dynamic convex risk measure...
Persistent link: https://www.econbiz.de/10013011503
Persistent link: https://www.econbiz.de/10011401226
tolerance and patience in intertemporal choice increase, in general, the level of donations, albeit the effects are non …
Persistent link: https://www.econbiz.de/10010257602
tolerance and patience in intertemporal choice increase, in general, the level of donations, albeit the effects are non …
Persistent link: https://www.econbiz.de/10010401354
Fundraising interventions may lift donations and/or shift their composition and timing, making it important to study … their effect across charity space and time. We find that major fundraising appeals lift total donations, but surprisingly … shift donations to other charities across time. To explain this, we develop a two-period model with two sources of warm glow …
Persistent link: https://www.econbiz.de/10011735980
Fundraising interventions may lift donations and/or shift their composition and timing, making it important to study … their effect across charity space and time. We find that major fundraising appeals lift total donations, but surprisingly … shift donations to other charities across time. To explain this, we develop a two-period model with two sources of warm glow …
Persistent link: https://www.econbiz.de/10011751333
Persistent link: https://www.econbiz.de/10014473623
We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time preference causes the economy to have multiple steady states, some of which are similar to poverty traps. The stability properties of these steady states are analyzed. The results...
Persistent link: https://www.econbiz.de/10010301177
In the model of Stark et al. (1997, 1998), the possibility of employment in a developed country raises the level of human capital acquired by workers in the developing country. We show that this result holds even when workers have the option to save.
Persistent link: https://www.econbiz.de/10010323655
We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility model generalizes many well known utility functions for intertemporal decision making under risk. A decision maker with a weighted temporal utility function can have time consistent...
Persistent link: https://www.econbiz.de/10010326412