Der Sachverständigenrat für Verbraucherfragen hat erstmals ein breit angelegtes Gutachten zur Lage der Verbraucher:innen in Deutschland vorgelegt. Gert G. Wagner, Mitglied im Sachverständigenrat für Verbraucherfragen, stellt aus seiner persönlichen Sicht ausgewählte Analysen, Ergebnisse...

This paper proposes a new bivariate competing risks model in which both durations are the first passage times of dependent Lévy subordinators with exponential thresholds and multiplicative covariates effects. Our specification extends the mixed proportional hazards model, as it allows for the...

This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...

This paper proposes an approach to proving nonparametric identification for distributions of bidders’ values in asymmetric second-price auctions. I consider the case when bidders have independent private values and the only available data pertain to the winner’s identity and the transaction...

We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we then test allowing for this heterogeneity. There is...