In this paper, we develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. This assumption is...

We derive revealed preference tests for models where individuals use consideration sets to simplify their consumption problem. Our basic test provides necessary and sufficient conditions for consistency of observed choices with the existence of consideration set restrictions. The same conditions...

In this note, we introduce a new sufficient condition, called sign-quasiconcavity, on the existence of a pure equilibrium in two-person symmetric zerosum games, which generalizes both generalized ordinal potentials Monderer and Shapley, 1996 and quasiconcavity Duerschet al., 2012.

We relate risk attitudes and patience of young graduates from high-school, college and university, measured around the time that they start their labor market career in a large representative survey, to the riskiness and timing of earnings in the occupations they choose to work in. We find a...

We show that feasible elimination procedures Peleg, 1978 can be used to select k from m alternatives. An important advantage of this method is the core property no coalition can guarantee an outcome that is preferred by all its members. We also provide an axiomatic characterization for the case...

We provide a tractable concept that can be used to study the influence of the degree of farsightedness on network stability. A set of networks GK is a level-K farsightedly stable set if three conditions are satisfied. First, external deviations should be deterred. Second, from any network...

This paper uncovers conspicuous work as a new form of status seeking that can explain social interactions in labour supply. We analyse how peer working time relates to both labour supply and happiness for Dutch male workers. Using a unique measure of peer weekly working time, we find that mens...

This article investigates whether New Ways of Working NWW are related to employee work engagement in the Netherlands. We test our hypotheses using a sample of 656 employees from 14 industry sectors and 12 occupational fields. Our study reveals that three facets of NWW positively affect work...

We consider the joint decision of placing public bads in each of two neighboring countries, modelled by two adjacent line segments. Residents of the two countries have single-dipped preferences, determined by the location of the nearest public bad to their dips. A social choice function or rule...