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The life satisfaction approach to environmental valuation

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2009

In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...

Persistent link: https://www.econbiz.de/10010271282

Thieves, thugs, and neighborhood poverty

Bjerk, David - 2009

This paper develops a model of crime analyzing how such behavior is associated with individual and neighborhood poverty. The model shows that even under relatively minimal assumptions, a connection between individual poverty and both property and violent crimes will arise, and moreover,...

Persistent link: https://www.econbiz.de/10010271296

Tipping and residential segregation: a unified schelling model

Zhang, Junfu - 2009

This paper presents a Schelling-type checkerboard model of residential segregation formulated as a spatial game. It shows that although every agent prefers to live in a mixed-race neighborhood, complete segregation is observed almost all of the time. A concept of tipping is rigorously defined,...

Persistent link: https://www.econbiz.de/10010271313

Motivational goal bracketing

Koch, Alexander K.; Nafziger, Julia - 2009

It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because...

Persistent link: https://www.econbiz.de/10010271317

Endogenous indoctrination: occupational choice, the evolution of beliefs, and the political economy of reform

Saint-Paul, Gilles - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10010271321

Pay for percentile

Barlevy, Gadi; Neal, Derek - 2009

We propose an incentive pay scheme for educators that links educator compensation to the ranks of their students within appropriately defined comparison sets, and we show that under certain conditions our scheme induces teachers to allocate socially optimal levels of effort to all students....

Persistent link: https://www.econbiz.de/10010271329

How much can we trust causal interpretations of fixed-effects estimators in the context of criminality?

Bjerk, David - 2009

Researchers are often interested in estimating the causal effect of some treatment on individual criminality. For example, two recent relatively prominent papers have attempted to estimate the respective direct effects of marriage and gang participation on individual criminal activity. One...

Persistent link: https://www.econbiz.de/10010271337

Choices which change life satisfaction: Revising SWB theory to account for change

Headey, Bruce; Muffels, Ruud; Wagner, Gert G. - 2010

on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This … theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific … life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence …

Persistent link: https://www.econbiz.de/10010271354

Estimating persistence in the volatility of asset returns with signal plus noise models

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2010

This paper examines the degree of persistence in the volatility of financial time series using a Long Memory Stochastic Volatility (LMSV) model. Specifically, it employs a Gaussian semiparametric (or local Whittle) estimator of the memory parameter, based on the frequency domain, proposed by...

Persistent link: https://www.econbiz.de/10010271356

Social relationships and trust

Binzel, Christine; Fehr, Dietmar - 2010

While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....

Persistent link: https://www.econbiz.de/10010271364