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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 …
Persistent link: https://www.econbiz.de/10012815796
they choose a contract can be detrimental to welfare. By contrast, a choice-enhancing policy at the time of contract …
Persistent link: https://www.econbiz.de/10011932914
Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrolment or...
Persistent link: https://www.econbiz.de/10011522483
Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrolment or...
Persistent link: https://www.econbiz.de/10011499873
they choose a contract can be detrimental to welfare. By contrast, a choice-enhancing policy at the time of contract …
Persistent link: https://www.econbiz.de/10011762539
Persistent link: https://www.econbiz.de/10012180666
Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our …
Persistent link: https://www.econbiz.de/10011307819
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
. In light of conflicting results, this paper reports on an analysis of response time data from an online experiment in … average response time of contributors is 40 percent higher than that of free-riders. A within-subject analysis reveals that …
Persistent link: https://www.econbiz.de/10014144480
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