Now showing items 33-52 of 299

  • Calibration results for non-expected utility theories 

    Safra, Zvi; Segal, Uri (2008)
    Rabin (2000) proved that a low level of risk aversion with respect to small gambles leads to a high, and absurd, level of risk aversion with respect to large gambles. Rabin’s arguments strongly depend on expected utility ...
  • Candy elasticity: Halloween experiments on public political statements 

    Jamison, J; Karlan, D (Wiley, 2015-06-15)
    We conducted experiments during trick-or-treating on Halloween in a predominantly liberal neighborhood in the weeks preceding the 2008 and 2012 presidential elections. We decorated one side of a house porch with McCain ...
  • Capital taxes, labor taxes and the household 

    Siegel, Christian; Oikonomou, Rigas (Cambridge University Press, 2015)
    We study the impact of capital and labor taxation in an economy where couples bargain over the intrahousehold allocation under limited commitment. In this framework more wealth improves commitment and gives rise to insurance ...
  • Caps on Political Lobbying: Comment. 

    Kaplan, Todd R.; Wettstein, David (American Economic Association, 2006)
    The article focuses on spending caps, and compares those used in politics with many examples in sports economics. In 1999, the party of Israeli Prime Minister Ehud Barak was fined $3.2 million for exceeding Israel's campaign ...
  • A cautionary note on tests of overidentifying restrictions 

    Dias Costa Parente, Paulo M.; Santos Silva, J.M.C. (Elsevier, 2012-05)
    In this note, we argue that tests of overidentifying restrictions give little information on the validity of the moment conditions implied by the underlying economic model, and therefore are mute about the possibility of ...
  • Combining the contributions of behavioral economics and other social sciences in understanding taxation and tax reform 

    James, Simon (SSRN, 2010-08)
    This paper extends previous work presented at the SABE/IAREP conference at St Mary’s University, Halifax (James, 2009). In the earlier paper it was shown that conventional economic theory is used to make the case for tax ...
  • Commitments to Give-if-you-Win Exceed Donations After a Win 

    Reinstein, D; Riener, G; Kellner, C (University of Exeter, 2018-03-05)
    Should fundraisers ask a banker to donate “if he earns a bonus” or wait and ask after the bonus is known? Standard EU theory predicts these are equivalent; loss-aversion and signaling models predict a larger commitment before ...
  • Comparing three ways to update Choquet beliefs 

    Eichberger, Jürgen; Grant, Simon; Kelsey, David (Elsevier, 2010-05)
    We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the ...
  • The comparison of ad valorem and specific taxation under uncertainty 

    Kotsogiannis, Christos; Serfes, Konstantinos (Wiley Blackwell, 2013)
    The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ...
  • The comparison of ad valorem and specific taxation under uncertainty 

    Kotsogiannis, Christos; Serfes, Konstantinos (Wiley Blackwell, 2013)
    The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ...
  • Confronting the Robinson Crusoe paradigm with household-size heterogeneity 

    Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich (Center for Financial Studies, University of Frankfurt, 2008-08)
    Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives ...
  • The consequences of Zakat for capital accumulation 

    Ali, D.H. Norulazidah P.H. Omar; Myles, Gareth D. (Wiley-Blackwell, 2010-08)
    The payment of zakat by the owners of wealth is one of the five pillars of Islam. Many countries operate with no enforcement of the obligation to pay, making zakat a form of voluntary redistribution. We analyze how zakat ...
  • Consistent model specification testing 

    Davidson, James; Halunga, Andreea G. (University of Exeter Business School, 2012-03)
    This paper proposes a consistent model specfication test that can be applied to a wide class of models and estimators, including all variants of quasi-maximum likelihood and generalized method of moments. Our framework ...
  • Consistent testing of functional form in time series models 

    Halunga, Andreea G.; Davidson, James (Oxford University Press, 2014-08)
    We develop a consistent procedure for testing the adequacy of parametric time series models. The approach is to extend Herman Bierens’s idea of examining the covariances between regression residuals and an exponential ...
  • Consumer Search, Incomplete Exchange Rate Pass-Through and Optimal Interest Rate Policy 

    Cooke, DK (Wiley, 2018-06-05)
    This paper studies utility-maximizing monetary policy in a two-country economy with consumer search frictions. Search frictions provide a micro-foundation for incomplete exchange rate pass-through and international ...
  • Consumption experience, choice experience and the endowment effect 

    Humphrey, SJ; Lindsay, L; Starmer, C (Springer, 2017-11-27)
    We report experiments investigating how experience influences the endowment effect. Our experiments feature endowments which are bundles of unfamiliar consumption goods. We examine how a subject’s willingness to swap ...
  • Contests with ambiguity 

    Kelsey, D; Melkonyan, T (Oxford University Press (OUP), 2018-06-09)
    The paper examines contests where players perceive ambiguity about their opponents' strategies and determine how perceptions of ambiguity and attitudes to ambiguity affect equilibrium choice. Behaviour in our contest is ...
  • Contracting in the shadow of the law 

    Chakravarty, Surajeet; MacLeod, W. Bentley (Wiley, 2009-07)
    Economic models of contract typically assume that courts enforce obligations based on verifiable events (corresponding to the legal rule of specific performance). As a matter of law, this is not the case. This leaves open ...
  • The contribution of the UK’s Behavioural Insights Team 

    James, Simon (IGI Global, 2015-04)
    The purpose of this paper is to review and evaluate the work of the UK Behavioural Insights Team (BIT) in the light of the growing literature on behavioural economics. The Team was established in 2010 in the Cabinet Office ...
  • Coordinating climate and trade policies: Pareto efficiency and the role of border tax adjustments 

    Keen, Michael; Kotsogiannis, Christos (Elsevier, 2014)
    This paper explores the role of trade instruments in globally efficient climate policies, focusing on whether or not some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. The ...