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welfare functions. The model may provide one explanation to several puzzling phenomena often found in contingent valuation …
Persistent link: https://www.econbiz.de/10011967952
A disaggregated intertemporal CGE model is used to simulate the welfare effects in Norway of the recently implemented … costs for the country is identified as the most important source of welfare gains, through improved terms of trade. Due to … welfare. In particular, this explains why the simulated reduction of employment has a significant negative impact on the total …
Persistent link: https://www.econbiz.de/10011968021
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the …
Persistent link: https://www.econbiz.de/10010516222
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...
Persistent link: https://www.econbiz.de/10010329928
Several economists have maintained that social and internalized norms can enforce cooperation in public good situations. This experimental study investigates impacts of social and internalized norms for cooperation among strangers in a public good game. The experiment has two treatment effects....
Persistent link: https://www.econbiz.de/10011968080
Do households' recycling efforts represent a social cost, which should be taken into account in cost-benefit analyses of alternative waste treatment systems? Some argue that it should not, since recycling efforts are to a large extent voluntary. We demonstrate that if the government can...
Persistent link: https://www.econbiz.de/10011968086
In traditional cost-benefit analyses of public projects, every citizen's willingness to pay for a project is given an equal weight. This is sometimes taken to imply that cost-benefit analysis is a democratic method for making public decisions, as opposed to, for example, political processes...
Persistent link: https://www.econbiz.de/10011967977
This paper uses a framed field experiment to test the effect of persuasive communication as a strategy in the fight against drugs in Colombia. Our design varies the salience and the degree of informativeness of the messages that participants receive, while highlighting particular negative...
Persistent link: https://www.econbiz.de/10011437180
Several economists have maintained that social sanctions can enforce cooperation in public good situations. This experimental study investigates whether indirect social sanctions from monetarily unaffected observers can increase contributions to a public good. The experiment has two treatment...
Persistent link: https://www.econbiz.de/10011968129
utility function. This may be founded on an assumption of the household maximizing a welfare function of individual utilities …-household comparisons of welfare on this approach is generally not valid. The household will generally put different weight on the utility …
Persistent link: https://www.econbiz.de/10011968066