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Diffusion index models have received considerable attention from both theoreticians and empirical econometricians in recent years. One reason for this is that datasets with many variables are increasingly becoming available and being utilized for economic modelling, and another is that common...
Persistent link: https://www.econbiz.de/10009130556
willingness to accept retribution payments in exchange for giving up this good (WTA). Thaler (1980) employs prospect theory to … explain this disparity. The literature contains two different interpretations of his endowment effect theory. Accordingly, the … of endowment effect theory is limited to private goods. The current paper reports on an experiment which finds a …
Persistent link: https://www.econbiz.de/10003379303
Persistent link: https://www.econbiz.de/10003709606
A collection of essays on contemporary international trade, this text critiques the major theoretical components; including the Ricardian principle of comparative advantage and the developed normative analysis of international transfers
Persistent link: https://www.econbiz.de/10003597609