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willingness lead to later regret. …
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We consider a model that provides insight into the well-known Folk theorem in economics that when the discount factor beta is sufficiently close to 1, expropriation will never occur. Although this Folk theorem is true in our model, our perspective is different. The discount factor beta often is...
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This paper examines how a respondent's socioeconomic characteristics influence her willingness to support tax increases …' tendency to under-report their willingness. The other is from the randomized response when a respondent answers survey … attainment. It is found that respondents tend to grossly under-report their willingness to support higher taxes for investments …
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