Search Results - subject:"reference dependent preferences"

Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences

Götte, Lorenz; Harms, Annette; Sprenger, Charles - 2014

An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of …

Persistent link: https://www.econbiz.de/10010468159

Loss Modification Incentives for Insurers under Expected Utility and Loss Aversion

Soetevent, Adriaan R.; Zhou, Liting - 2014

) loss aversion model to answer the same question for the case where consumers have reference-dependent preferences. Largely …

Persistent link: https://www.econbiz.de/10010491345

Reference-Dependent Preferences in Gulf of Mexico Shrimpers' Fishing Effort Decision

Ran, Tao; Keithly Jr., Walter R.; Yue, Chengyan - In: Journal of Agricultural and Resource Economics 39 (2014) 1

This paper provides empirical evidence that reference-dependent preferences help to explain the amount of effort …

Persistent link: https://www.econbiz.de/10011143213

The Louis-Schmelling Paradox and the League Standing Effect Reconsidered

Humphreys, Brad; Zhou, Li - Department of Economics, University of Alberta - 2014

Fifty years on we examine two key propositions in Neale's (1964)"Peculiar Economics": the need for competitors in sport to have opponents of similar ability in order to earn large revenues and the effect of frequent changes sports leagues' standings on consumer demand. We develop a consumer...

Persistent link: https://www.econbiz.de/10011266377

Randomizing Endowments: An Experimental Study of Rational Expectations and Reference-Dependent Preferences

Götte, Lorenz; Harms, Annette; Sprenger, Charles - Institute for the Study of Labor (IZA) - 2014

An important advance in the study of reference-dependent preferences is the discipline provided by coherent accounts of …

Persistent link: https://www.econbiz.de/10011078395

Loss Aversion in Sequential Auctions: Endogenous Interdependence, Informational Externalities and the "Afternoon Effect"

Rosato, Antonio - Volkswirtschaftliche Fakultät, … - 2014

this paper, I show how expectations-based reference-dependent preferences and loss aversion can rationalize this phenomenon …

Persistent link: https://www.econbiz.de/10011114448

The Louis-Schmelling Paradox and the League Standing Effect Reconsidered

Humphreys, Brad R.; Zhou, Li - Department of Economics, College of Business and Economics - 2014

Fifty years on we examine two key propositions in Neale's (1964) "Peculiar Economics": the need for competitors in sport to have opponents of similar ability in order to earn large revenues and the effect of frequent changes sports leagues' standings on consumer demand. We develop a consumer...

Persistent link: https://www.econbiz.de/10010885941

Why You Can't Find a Taxi in the Rain and Other Labor Supply Lessons from Cab Drivers

Farber, Henry - Institute for the Study of Labor (IZA) - 2014

earning (having reference dependent preferences). I replicate and extend the CBLT analysis using data from all trips taken in … dependent preferences model. I explore heterogeneity across drivers in their labor supply elasticities and consider whether new … opportunities. This is consistent with the neoclassical optimizing model of labor supply and does not support the reference …

Persistent link: https://www.econbiz.de/10010959527

Desert and Inequity Aversion in Teams

Gill, David; Stone, Rebecca - Institute for the Study of Labor (IZA) - 2014

Teams are becoming increasingly important in work settings. We develop a framework to study the strategic implications of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team members find it painful to receive less than their perceived...

Persistent link: https://www.econbiz.de/10010959847

Loss Modification Incentives for Insurers under Expected Utility and Loss Aversion

Soetevent, Adriaan R.; Zhou, Liting - Tinbergen Instituut - 2014

) loss aversion model to answer the same question for the case where consumers have reference-dependent preferences. Largely …

Persistent link: https://www.econbiz.de/10011256470