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Dubey, Pradeep K. - 2011

We show that if agents are risk neutral, prizes outperform wages if and only if there is sufficient pride and envy relative to the noisiness of performance. If agents are risk averse, prizes are a necessary supplement to wages (as bonuses)

Persistent link: https://www.econbiz.de/10013118185

A Dynamic Model of Owner Acceptance in Peer-to-Peer Sharing Markets

Yao, Dai; Tang, Chuang; Chu, Junhong - 2022

owners to optimize their decisions and by platforms to improve their operations. The model explicitly accommodates two types … the acceptance decisions. Applying the model to unique data from a leading P2P car sharing platform in China, we obtain …. The results also reveal the differentiated preferences of the two types of owners towards their renters. Building on model …

Persistent link: https://www.econbiz.de/10013292617

International Transfer Pricing

Mcmahon, Connette; Corcelius, Aaron; Smith, Barbara - 2013

The goals of transfer pricing are to assign a monetary value to a transfer and to minimize the taxes paid by a company as whole. However, because a single company can now have operations literally around the world, transfer pricing has become a very complicated, costly, and lucrative business...

Persistent link: https://www.econbiz.de/10014162143

Prizes Versus Wages with Envy and Pride

Dubey, Pradeep K.; Geanakoplos, John; Haimanko, Ori - 2005

We show that if agents are risk neutral, prizes outperform wages when there is sufficient pride and envy relative to the noisiness of performance. If agents are risk averse, prizes are a necessary supplement to wages (as bonuses)

Persistent link: https://www.econbiz.de/10014061692

Non-additivity of subjective expectations over different time intervals

Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022

stem from aggregating short-term expectations. Model estimates show that the pattern is consistent with a time perception …

Persistent link: https://www.econbiz.de/10013466524

Optimal Smooth Consumption and Annuity Design

Bruhn, Kenneth - 2014

of the life-cycle model. Under this criterion we solve the related consumption and investment optimization problem faced …

Persistent link: https://www.econbiz.de/10013064932

Individuals’ Uncertainty about Future Social Security Benefits and Portfolio Choice

Rohwedder, Susann - 2010

Little is known about the degree to which individuals are uncertain about their future Social Security benefits, how this varies within the U.S. population, and whether this uncertainty influences financial decisions related to retirement planning. To illuminate these issues, we present...

Persistent link: https://www.econbiz.de/10013136091

Financial Investment and Human Capital During Life Cycle

Anastasopoulos, Anastasios - 2018

This paper explores the problem of an agent who invests in financial assets, works and/or accumulates human capital, and retires at the end of time horizon. His/her initial endowments consist of an amount of liquid assets (maybe because of inheritance) and a number of units of human...

Persistent link: https://www.econbiz.de/10012937948

Correcting for Random Budgets in Revealed Preference Experiments

Mahmood, Mir Adnan; Rehbeck, John - 2022

Experiments on revealed preference often use budget sets for participants that are randomly and independently drawn according to some criteria. However, this means that the budgets and choices of different individuals are not immediately comparable. This paper proposes a method to control for...

Persistent link: https://www.econbiz.de/10013307346

Correcting for random budgets in revealed preference experiments

Mahmood, Mir Adnan; Rehbeck, John - In: Games 13 (2022) 2, pp. 1-14

Experiments on revealed preference often use budget sets that are randomly and independently drawn according to some criteria for each participant. However, this means that the budget sets faced by different individuals are not the same. This paper proposes a method to control for these...

Persistent link: https://www.econbiz.de/10013172519