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, exposing them to the risk of having to pay a large premium in case they are discovered to have a high probability of developing … a disease (a discrimination risk). Differently, Consent Law allows them to hide this detrimental information, creating …
Persistent link: https://www.econbiz.de/10010433974
measure of secession risk and perform the comparative static analysis of the equilibrium policy location and of the secession … risk with respect to the cultural distinctiveness of the two regions, the relative weight attached by voters to economic …-regional heterogeneity of preferences. -- majority voting ; secession risk ; cultural distinctiveness ; conflict ; overlapping regional …
Persistent link: https://www.econbiz.de/10009127585
This paper shows that the combination of habit formation - present consumption creating additional consumption needs in the future - and myopia may explain why some retirees are forced to "unretire", i.e., unexpectedly return to work. It also shows that when myopia about habit formation leads to...
Persistent link: https://www.econbiz.de/10003730377
This paper studies the design of a nonlinear social security scheme in a society where individuals differ in two respects: productivity and degree of myopia. Myopic individuals may not save enoughʺ for their retirement because their myopic selfʺ emerges when labor supply and savings decisions...
Persistent link: https://www.econbiz.de/10003720340