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Players in a congestion game may differ from one another in their intrinsic preferences (e.g., the benefit they get from using a specific resource), their contribution to congestion, or both. In many cases of interest, intrinsic preferences and the negative effect of congestion are (additively...
Persistent link: https://www.econbiz.de/10010336048
Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the effects of individual preferences and choices on subjective well-being (SWB). It is shown that, in all three countries, preferences and choices relating to life goals/values,...
Persistent link: https://www.econbiz.de/10011600944
measures. We retrieve individual and household specific preference heterogeneity, by estimating a structural discrete choice …-leisure space. We then discuss how sensitive the assessment of a hypothetical tax reform is to the choice of metric. The chosen tax …
Persistent link: https://www.econbiz.de/10011600982
Using unique survey data from the German Socio-Economic Panel, this study examines the influence of reciprocal inclinations on workers' sorting into codetermined firms. Employees with strong negative reciprocal inclinations are more likely to work in firms with a works council while employees...
Persistent link: https://www.econbiz.de/10011601044
The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the question what factors help to reduce these fiscal imbalances. Using data for the period 1985-2009 this paper identifies factors determining major public debt reductions. On average,...
Persistent link: https://www.econbiz.de/10011605287
A Cournot-Nash oligopoly model is used to study self-regulation of industrial pollution emissions. Consumers have environmental preferences such that demand is decreasing in their knowledge of industrial emissions. Symmetric firms choose output and emission control input levels. Under...
Persistent link: https://www.econbiz.de/10011608332
paper reports the results of a series of choice experiments that were used to investigate the willingness to pay (WTP) of a … choice experiments. These revealed that local people had a positive WTP for a reduction in the negative impacts of road …
Persistent link: https://www.econbiz.de/10011608571
When modelling data generated from a discrete choice contingent valuation question, the treatment of zero bids affects …
Persistent link: https://www.econbiz.de/10011608619
explicitly take into account the existence of corner solutions by considering a discrete-time-discrete-choice dynamic structural …
Persistent link: https://www.econbiz.de/10011608784
Starting from Amartya Sen's works on rational behaviour, in this essay a contextually-embedded choice theory is … presented. Using concepts and tools from poset mathematics, we show how to inject in rational choice theory cultural and social … effects. Specifically, we define some choice super-structures seen as choice sets' transformations imposed by accepted …
Persistent link: https://www.econbiz.de/10011651411