Incorporating weakly nonseparable preferences into the familiar time-preference model, the author emphasizes a role of steady-state welfare changes in determining the effect of permanent tariffs on the current account. The effect consists of a welfare effect, due to steady-state welfare changes,...

We propose a model of parental altruism in relation to children’s habit formation, as children are unaware of their developing habits while young and only become cognizant with age. We show that an altruistic mother (1) maintains the amount of income transferred to her child lower than the...

Part I Intergenerational Interactions -- 1 An equilibrium model of child maltreatment (Akabayashi).-2 Tough Love and Intergenerational Altruism (Bhatt, Ogaki) -- Part II Behavioral Macroeconomics.-3 Consumer interdependence via reference groups (Hayakawa, Venieris, Yiannis) -- 4 Bounded...

1 The Paradox of Self-Destructive Choices -- 2 Varying Impatience -- 3 Hyperbolic discounting and Self-Destructive Behaviors -- 4 Self-Control Problems Of The Dual Self -- 5 Overborrowing, Overeating and Addictive Behavior -- 6 Coping with Self-Destructive Behavior.

Part I Attitude toward Risk and Time -- 1 Risk and Time Preferences: Linking Experimental and Household Survey Data from Vietnam (Tanaka, Camerer, Nguyen) -- 2 Simultaneous Measurement of Time and Risk Preferences: Stated Preference Discrete Choice Modeling Analysis Depending on Smoking Behavior...

This paper investigates whether the consumption-free two-beta intertemporal capital asset-pricing model developed by Campbell and Vuolteenaho (2004) is able to solve the risk premium puzzle in the Japanese stock market over the period 1984–2002. Using the cash flow and discount rate betas as...

This paper investigates whether the consumption-free two-beta intertemporal capital asset-pricing model developed by Campbell and Vuolteenaho (2004) is able to solve the risk premium puzzle in the Japanese stock market over the period 1984-2002. Using the cash flow and discount rate betas as...

This paper investigates whether the consumption-free two-beta intertemporal capital asset-pricing model developed by Campbell and Vuolteenaho (2004) is able to solve the risk premium puzzle in the Japanese stock market over the period 1984−@2002. Using the cash flow and discount rate betas as...

This paper investigates whether the consumption-free two-beta intertemporal capital asset-pricing model developed by Campbell and Vuolteenaho (2004) is able to solve the risk premium puzzle in the Japanese stock market over the period 1984–2002. Using the cash flow and discount rate betas as...