Search Results - subject:"Heterogeneous preferences"

Is there a Case for Public Provision of Private Goods if Preferences are Heterogeneous? An Example with Day Care

Blomquist, Sören; Christiansen, Vidar - 2003

heterogeneous preferences at a given skill level would invalidate the mechanism, implying that public provision of private goods is … tax/transfer system to the public provision scheme even if preferences are heterogeneous. We find that heterogeneous … preferences do not invalidate the benefits of publicly provided private goods. We also characterise the optimum tax and public …

Persistent link: https://www.econbiz.de/10010315800

Is there a Case for Public Provision of Private Goods if Preferences are Heterogeneous? An Example with Day Care

Blomquist, Sören; Christiansen, Vidar - CESifo - 2003

Persistent link: https://www.econbiz.de/10005405962

Optimal Utilitarian Taxation and Horizontal Equity

Jordahl, Henrik; Micheletto, Luca - CESifo - 2003

We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...

Persistent link: https://www.econbiz.de/10005181477

Risk Aversion, Wealth and Background Risk

Guiso, Luigi; Paiella, Monica - Banca d'Italia - 2003

We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky security. We relate this measure to consumers' endowment and attributes and to measures of background risk and liquidity constraints. We...

Persistent link: https://www.econbiz.de/10005113588

Is there a case for public provision of private goods if preferences are heterogeneous? : an example with day care

Blomquist, Nils Sören; Christiansen, Vidar - 2003

Persistent link: https://www.econbiz.de/10011507888

Optimal utilitarian taxation and horizontal equity

Jordahl, Henrik; Micheletto, Luca - 2003

Persistent link: https://www.econbiz.de/10011508057

Provided and perceived status quo in choice experiments: Implications for valuing the outputs of multifunctional rural areas

Domínguez-Torreiro, Marcos; Soliño, Mario - In: Ecological Economics 70 (2011) 12, pp. 2523-2531

This article presents a choice experiment analyzing multifunctional rural development policies targeting conservation and recovery of environmental, social and cultural assets. In choice experiments a base alternative is usually included in order to estimate the welfare change associated to...

Persistent link: https://www.econbiz.de/10011043620

A comparison of optimal tax policies when compensation or responsibility matter

Jacquet, Laurence; Van de Gaer, Dirk - In: Journal of Public Economics 95 (2011) 11, pp. 1248-1262

This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...

Persistent link: https://www.econbiz.de/10010574365

A comparison of optimal tax policies when compensation or responsibility matter

Jacquet, Laurence; Van de Gaer, Dirk - In: Journal of public economics 95 (2011) 11/12, pp. 1248-1262

Persistent link: https://www.econbiz.de/10009419320

Why does Implied Risk Aversion Smile?

Ziegler, Alexandre - Swiss Finance Institute - 2002

A few recent papers have derived estimates of the representative agent's risk aversion by comparing the statistical density of asset returns and the state-price density. The implied risk aversion estimates obtained in these studies are puzzling, exhibiting (i) pronounced U-shaped patterns (a...

Persistent link: https://www.econbiz.de/10005771821