Showing 1 - 10 of 105
protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller … neutral consumers is provided by a competitive fringe. Consumers unanimously vote for a standard set at a lower than first … standard when the willingness to pay for greener goods is small enough. …
Persistent link: https://www.econbiz.de/10012269527
Recent research is exploring the case for choice-induced changes in preferences using the free-choice paradigm of Brehm … (1956). Participants are faced with a choice between items that they have given the same rating of liking, two items at a … time, and it is found that an item not chosen in one choice has a lower tendency of being chosen in a subsequent choice …
Persistent link: https://www.econbiz.de/10010265988
We study two dimensions of complexity that may interfere with individual choice. The first one is object complexity …, which corresponds to the difficulty in evaluating any given alternative in a choice set. The second dimension is composition …-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …
Persistent link: https://www.econbiz.de/10012657945
The hypothesis of non-satiation of rational choice theory is very seldom posed under scrutiny, maybe because it is …
Persistent link: https://www.econbiz.de/10010480814
small open economy with production and consumption generated pollution, considers the welfare implications of tax reforms … binding government revenue constraint, we derive sufficient conditions for welfare improvement in the case where we implement …
Persistent link: https://www.econbiz.de/10010264344
We consider the notion of welfare stigma à la Besley and Coate (1992b). This stigma is attributed to welfare claimants … by society when they are perceived as undeserving in the sense that they falsely claim to be eligible for welfare … benefits. However, due to imperfect information, this stigma may be extended, with some probability, to all welfare claimants …
Persistent link: https://www.econbiz.de/10010264364
-informed trade unions are output and welfare increasing. Trade between a country with trade unions (the North) and a union …
Persistent link: https://www.econbiz.de/10010264414
-reducing country. The net welfare effect of improving terms of trade and falling capital stocks is negative in both countries. However …, if the country which unilaterally reduces her emission permits is a net creditor to the world economy, her own welfare …
Persistent link: https://www.econbiz.de/10010264419
education sector for human capital formation and economic welfare. Agents privately invest in education after they have received …
Persistent link: https://www.econbiz.de/10010264435
A Bayesian supply function equilibrium is characterized in a market where firms have private information about their uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition, competitiveness is affected by the parameters of the...
Persistent link: https://www.econbiz.de/10010264447