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We investigate whether environmental sanctions should increase with the degree of intentionality of the violation. To this end we develop a simple model which is used to make predictions concerning the effect of the degree of intentionality, the amount of illegal gain obtained and the harm...
Persistent link: https://www.econbiz.de/10008838743
Sharp nonparametric bounds are derived for Hicksian compensating and equivalent variations. These “i-bounds” generalize earlier results of Blundell, Browning and Crawford (2008). We show that their e-bounds are sharp under the Weak Axiom of Revealed Preference (WARP). They do not require...
Persistent link: https://www.econbiz.de/10010568467
This paper develops a revealed preference methodology for exploring whether time inconsistencies in household choice are the product of nonstationarities at the individual level or the result of individual heterogeneity and renegotiation within the collective unit. An empirical application to...
Persistent link: https://www.econbiz.de/10010568468
We characterize a new quasi-ordering on the collection of opportunity (or choice) sets. This new rule combines two criteria: the individual preferences on the universal set of options and the number of maximal options in the opportunity set. This new rule is compared with the indirect utility...
Persistent link: https://www.econbiz.de/10010569680