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We empirically test the hypothesis that the discounts offered by firms to consumers who purchase tickets in advance increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in departure time) of a given flight to its competitors to infer...
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centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …
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is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than …
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I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers …
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preference reversals arecommonly interpreted as contradicting constant discounting. This interpretation is correctonly if … baseline consumption to which the outcomes are added, remains constant over time.The difficulty with measuring discounting when … discounted. In this paper we propose a way to disentangle thetwo effects, which allows us to draw conclusions about discounting …
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Der Faktor Zeit spielt in der ökonomischen Theorie eine wichtige Rolle - intertemporale Entscheidungen sind in allen …The so-called discounted-utility-model (DU-model) is the gold-standard of economic theory: confronted with …
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