Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the effects of individual preferences and choices on subjective well-being (SWB). It is shown that, in all three countries, preferences and choices relating to life goals/values,...

Im Jahr 2006 haben etwa 155 000 Deutsche ihr Land verlassen - mehr als je zuvor, sieht man einmal von der Auswanderungswelle der Nachkriegszeit in den 50er Jahren ab. Allerdings kehren auch viele Deutsche in ihre Heimat zurück. Obwohl die Frage nach den Ursachen für diesen Anstieg mittlerweile...

The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...

The paper presents the steps characterising the decision making process related to the definition of Critical Natural Capital. An inventory of different components of Critical Natural Capital based on the legislative framework in Italy is presented. The different actors involved and the...

We analyse the dynamics of firms' employment decisions which underlie lumpy and kinked adjustment costs. We consider a dynamic structural model in which, in each period, firms face a choice of whether to vary the labour input or to postpone the adjustment to the future. By exploiting the first...

We analyse the conditions under which an (S,s) rule may be derived and compare these with alternative rules. We consider the case of labour demand with fixed adjustment costs. The (S,s) rule implies a specific ordering of choices: downward adjustment, non-adjustment and upward adjustment with...

In der vorliegenden Arbeit werden sieben weit verbreitete PM-Programme auf der Basis eines entscheidungstheoretischen Ansatzes beurteilt. Die verwendete multiattributive Wertfunktion berücksichtigt dabei auch die Ergebnisse einer repräsentativen experimentellen Untersuchung für das...

We analyse a model of patient decision-making where anxiety about the future characterizes the patient's utility function. Anxiety corresponds to fear of bad news and results in the patient being averse to information. First, the patient chooses the accuracy of a signal which discloses...

Recent contributions on intertemporal decision-making and self-control have focused on the impact of cognitive constraints on the way people behave over time. In particular there is evidence on the fact that exerting cognitive effort on the job, adhering to some specific behavioral plan and...