Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10011845024
In rural areas of most developing countries, intergenerational coresidence is both widespread and an important determinant of well-being for the elderly. Most parents want at least one adult child to remain at home (e.g., so they can work on the family farm or provide care and assistance around...
Persistent link: https://www.econbiz.de/10012963755
In rural areas of most developing countries, intergenerational coresidence is both widespread and an important determinant of well-being for the elderly. Most parents want at least one adult child to remain at home (e.g., so they can work on the family farm or provide care and assistance around...
Persistent link: https://www.econbiz.de/10012455559
Persistent link: https://www.econbiz.de/10001123261
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...
Persistent link: https://www.econbiz.de/10001750827
Persistent link: https://www.econbiz.de/10001753220
Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government - in its traditional role as public goods provider - must decide what level of protection to provide to an area. It does so by...
Persistent link: https://www.econbiz.de/10014058302
The issue of dynamic efficiency is central to analyses of capital accumulation and economic growth. Yet the question of what operating characteristics of an economy subject to productivity shocks should be examined to determine whether or not it is efficient has not been resolved. This paper...
Persistent link: https://www.econbiz.de/10013237028
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...
Persistent link: https://www.econbiz.de/10013231573
Why is private investment so low in Gulf compared to Western countries? We investigate cross-regional differences in trust and reference points for trustworthiness as possible factors. Experiments controlling for cross-regional differences in institutions and beliefs about trustworthiness reveal...
Persistent link: https://www.econbiz.de/10013158642