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Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2000

This paper studies the interactions between an individual's self-esteem and his social environment - in the workplace, at school, and in personal relationships. Because a person generally has only imperfect knowledge of his own abilities, people who derive benefits from his performance (parent,...

Persistent link: https://www.econbiz.de/10005656299

Continuous Preferences Can Cause Discontinuous Choices: An Application to the Impact of Incentives on Altruism

Seabright, Paul - C.E.P.R. Discussion Papers - 2004

economic theory of human motivation. The first (‘type discontinuity’) is the observation of a discontinuity in the distribution …

Persistent link: https://www.econbiz.de/10005114276

Competition for attention in the information (overload) age

Anderson, Simon P; de Palma, André - C.E.P.R. Discussion Papers - 2009

Limited consumer attention limits product market competition: prices are stochastically lower the more attention is paid. Ads compete to be the lowest price with other ads from the same sector and they compete for attention with ads from other sectors: equilibrium sector ad shares under free...

Persistent link: https://www.econbiz.de/10005000441

Risk Aversion, Wealth and Background Risk

Guiso, Luigi; Paiella, Monica - C.E.P.R. Discussion Papers - 2001

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 enter a lottery. We relate this measure to consumers' endowment and attributes and to measures of background risk. We find that risk aversion is a...

Persistent link: https://www.econbiz.de/10005791378

The Role of Risk Aversion in Predicting Individual Behaviours

Guiso, Luigi; Paiella, Monica - C.E.P.R. Discussion Papers - 2004

consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers’ decisions that in theory should … consistent with theory. We also use this indicator to address the importance of self-selection when relating indicators of risk …

Persistent link: https://www.econbiz.de/10005123824

Optimal Expectation

Brunnermeier, Markus K; Parker, Jonathan A - C.E.P.R. Discussion Papers - 2004

This Paper introduces a tractable, structural model of subjective beliefs. Forward-looking agents care about expected future utility flows, and hence have higher current felicity if they believe that better outcomes are more likely. On the other hand, biased expectations lead to poorer decisions...

Persistent link: https://www.econbiz.de/10005124341

Trust and Bribery: The Role of the Quid Pro Quo and the Link With Crime

Hunt, Jennifer - C.E.P.R. Discussion Papers - 2004

the prevalence of bribery is lower under these circumstances, using the International Crime Victim Surveys. I also find …

Persistent link: https://www.econbiz.de/10005667098

Manipulation of Metals Futures: Lessons from Sumitomo

Gilbert, Christopher L - C.E.P.R. Discussion Papers - 1997

the world copper market, from at least 1991 until earlier this year. This manipulation has concentrated attention on the … manipulation is not illegal under UK financial services regulation, but that in any case, deterrence is better than prosecution …. Manipulation will be best deterred by greater transparency, in particular through mandatory reporting of client positions to …

Persistent link: https://www.econbiz.de/10005662332

Dynamic Incentive Accounts

Edmans, Alex; Gabaix, Xavier; Sadzik, Tomasz; Sannikov, … - C.E.P.R. Discussion Papers - 2009

through both productive effort and costly manipulation, and may undo the contract by privately saving. The optimal contract …

Persistent link: https://www.econbiz.de/10008477185

Rational parasites

Benoit, Jean-Pierre; Galbiati, Roberto; Henry, Emeric - C.E.P.R. Discussion Papers - 2013

Understanding the impact of legal protection on investment is of major importance. This paper provides a framework for addressing this issue, and shows that investment may actually be higher in the absence of legal protection. Focusing on the application to innovation, in an environment where an...

Persistent link: https://www.econbiz.de/10011083356