With a view to investigating the presence of adverse selection, we analyze determinants of private pension insurance uptake of German households in a probit model. Using survey data on savings and old-age provision, we find that subjective life expectancy is positively related with the...

In einer Studie hat das Umweltbundesamt (UBA) die Konsequenzen eines Tempolimits auf Autobahnen für die Treibhausgasemissionen im deutschen Verkehrssektor berechnet. Dabei wurde gezeigt, dass ein generelles Tempolimit von 130 km/h die Emissionen um 1,9 Mio. t CO2-Äquivalente pro Jahr...

Aktuelle Studien haben berechnet, dass das Elektroauto bereits beim jetzigen Strommix in Deutschland eine positive Klimabilanz besitzt. Der Autor stellt jedoch fest, dass diese Studien den erhöhten Stromverbrauch, der aus dem Ausbau der Elektromobilität resultiert, vernachlässigen. Er zeigt,...

Different family types may have a fixed flow of consumption costs, related to subsistence needs. We use a survey method in order to identify and estimate such a fixed component of spending for different families. Our method involves making direct questions about the linkup between aggregate...

This paper provides behavioral foundations for parametric weighting functions under rankdependent utility. This is achieved by decomposing the independence axiom of expected utility into separate meaningful properties. These conditions allow us to characterize rank-dependent utility with power...

Many public goods like lighthouses and fire departments do not provide direct utility but act as insurance devices against shipwreck and destruction. They either diminish the size and/or the probability of the loss. We extend the public good model with this insurance aspect and generalize...