Showing 71 - 80 of 4,064
This paper studies life-cycle preferences over consumption and health status. We show that cost-effectiveness analysis is consistent with cost-benefit analysis if the Lifetime utility function is additive over time, multiplicative in the utility of consumption and the utility of health status,...
Persistent link: https://www.econbiz.de/10009447937
A theory of value sits at the core of every school of economic thought and directs the allocation of resources to competing uses. Ecological resources complicate the modem neoclassical approach to determining value due to their complex nature, considerable non-market values and the difficulty in...
Persistent link: https://www.econbiz.de/10009448292
choice and innovation. Second, however, efficiency gains have often been limited. This is due to a number of inter … diversity of choice. (c) Informational asymmetries (how good is this childcare which I cannot personally monitor, or this health …
Persistent link: https://www.econbiz.de/10010262650
Recent research is exploring the case for choice-induced changes in preferences using the free-choice paradigm of Brehm … (1956). Participants are faced with a choice between items that they have given the same rating of liking, two items at a … time, and it is found that an item not chosen in one choice has a lower tendency of being chosen in a subsequent choice …
Persistent link: https://www.econbiz.de/10010265988
Choice and competition in education have found growing support from both policy makers and academics in the recent past … for choice and competition is clear, in existing work there is rarely an attempt to distinguish between the two concepts … academic outcomes than those whose choice is more limited; and whether Primary schools facing more competition perform better …
Persistent link: https://www.econbiz.de/10010267737
This paper evaluates general achievement effects of choice and competition between private and public schools at the …
Persistent link: https://www.econbiz.de/10010268732
We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the … connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of … observable choice data. …
Persistent link: https://www.econbiz.de/10010275831
Abstract:Purpose – To investigate the extent of retail change in the UK grocery sector over the last 30 years.Design/methodology/approach – In 1980 a press article by Richard Milner andPatience Wheatcroft attempted to anticipate retail change by 1984. Taking that as atemplate we examine how...
Persistent link: https://www.econbiz.de/10009466002
influence of such groupings on consumer choice and behavior.A new phenomenon is presented that studies the influence of gestalt … is demonstrated in experiments 1 and 2. Both experiments use different domains of product choice and a game of chance to … moderate the differential influence of spatial grouping on choice in the domain of gains and losses. Finally, theoretical and …
Persistent link: https://www.econbiz.de/10009466045
.Results showed when price is held constant; the appearance of the food is the biggest determinant in consumer choice. There was … influential attribute. Country of origin had more of an effect on consumer choice in the situation. When neither price nor …
Persistent link: https://www.econbiz.de/10009468008