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The dynamics of consumer behavior and the transition to sustainable consumption patterns

Witt, Ulrich - 2011

theory of consumption is suggested and discussed with respect to its implications for making a transition to more sustainable …

Persistent link: https://www.econbiz.de/10010286761

Is there a paradox of a Hayekian paternalist?

Wohlgemuth, Michael - 2011

Is Friedrich von Hayek in some specific, perhaps paradoxical, way a classical liberal paternalist? My answer will be an unsatisfying yes and no depending not only on my interpretation of Hayek, but also on the manifold interpretations one can give to the concepts of paternalism and classical...

Persistent link: https://www.econbiz.de/10010286764

Impulsive consumption and reflexive thought: Nudging ethical consumer behavior

Lades, Leonhard K. - 2012

The paper deals with impulsive consumption and highlights the roles that cognitive and motivational aspects of reflexive thought (namely self-control and self-image motives, respectively) play in intertemporal decisions. While self-control inhibits individuals from consuming impulsively,...

Persistent link: https://www.econbiz.de/10010286765

Normative foundations for well-being policy

Haybron, Daniel M.; Tiberius, Valerie - 2012

This paper examines the normative principles that should guide policies aimed at promoting happiness or, more broadly, well-being. After arguing that well-being policy is both legitimate and necessary, we lay out a case for pragmatic subjectivism: given widely accepted principles of respect for...

Persistent link: https://www.econbiz.de/10010286767

Pursuing happiness

Schubert, Christian - 2012

While research on subjective well-being abounds, comparatively little thought has been given to its practical policy implications. Two approaches to derive policy advice have emerged in the literature: One is organized in terms of the idea to maximize a hedonic social welfare function, the other...

Persistent link: https://www.econbiz.de/10010286769

The optimal inflation rate and firm-level productivity growth

Weber, Henning - 2012

Empirical data show that firms tend to improve their ranking in the productivity distribution over time. A stickyprice model with firm-level productivity growth fits this data and predicts that the optimal long-run inflation rate is positive and between 1.5% and 2% per year. In contrast, the...

Persistent link: https://www.econbiz.de/10010286841

A continuous labour supply model in microsimulation: A life-cycle modelling approach with heterogeneity and uncertainty extension

Li, Jinjing; Sologon, Denisa Maria - 2011

This paper advances a structural inter-temporal model of labour supply that is able to simulate the dynamics of labour supply in a continuous setting and to circumvent two main drawbacks of most of the existing models. The first limitation is the inability to incorporate individual heterogeneity...

Persistent link: https://www.econbiz.de/10010286858

Heterogeneous firms, trade, and economic policy: Insights from a simple two-sector model

Pflüger, Michael; Russek, Stephan - 2011

consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The …

Persistent link: https://www.econbiz.de/10010286896

Securitization and moral hazard: Evidence from a lender cutoff rule

Bubb, Ryan; Kaufman, Alex - 2009

perapplicant fixed costs in screening. We then demonstrate that our theory fits the data better than the main alternative theory … already in the literature, which supposes cutoff rules are exogenously used by securitizers. Furthermore, we use our theory to …

Persistent link: https://www.econbiz.de/10010286943

Securitization and moral hazard: Evidence from credit score cutoff rules

Bubb, Ryan; Kaufman, Alex - 2011

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … model that rationalizes such an origination rule of thumb. Under this alternative theory, jumps in default are not evidence … securitization rule-of-thumb theory but consistent with the origination rule-of-thumb theory. There are jumps in the number of loans …

Persistent link: https://www.econbiz.de/10010286944