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People’s value for their own time is a key input in evaluating public policies: evaluations should account for time …-DeGroot-Marschak - BDM - mechanism of Becker et al., 1964) correctly measure participants' value of time. Using a structural model, we … cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the …
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This study jointly examines agents’ time dependence—period effects within instantaneous utility—and time preference …—behavior on discounting future utility. The study considers the start- and end-of-period effects for time dependence and … exponential and hyperbolic discounting for time preference. It provides identification arguments and sufficient conditions for …
Persistent link: https://www.econbiz.de/10012586500
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This paper is concerned with the determination of the optimal time horizon for the cake-eating problem under …
Persistent link: https://www.econbiz.de/10014105107
length of time having lived, so the past, shapes our discounting. The following paper argues that general discounting theory … life passed, may stretch the focus of discounting. Adopting a theory that explains discounting beyond one’s prospective … time of death and integrating the notion of past time of being stretching the focus of social care may help explaining why …
Persistent link: https://www.econbiz.de/10014130922
When subjects interact in continuous time, their ability to cooperate may dramatically increase. In an experiment, we … study the impact of different time horizons on cooperation in (quasi) continuous time prisoner's dilemmas. We find that …
Persistent link: https://www.econbiz.de/10013118363
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109435
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109751
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013088784