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Endowment effect theory and the Samuelson solution – a thought experiment
Bischoff, Ivo - 2006
Thaler (1980) employs prospect theory to explain the endowment effect, i.e. the empirically observed disparity between the willingness to pay for a certain good (WTP) and the willingness to accept retribution payments in exchange for giving up this good (WTA). This disparity is caused either by...
Persistent link: https://www.econbiz.de/10010296568
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On the provision of excludable public goods general taxes or user prices?
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs - 2020
, we address both efficiency and distribution issues. The focus is on the effects of user prices on individual incentives … and choices. We identify circumstances under which a market system of user prices not only enhances aggregate efficiency …
Persistent link: https://www.econbiz.de/10012319430
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Are User Fees Really Regressive?
Economides, George - 2012
by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …
Persistent link: https://www.econbiz.de/10013103882
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Public Providers, Versus Private Providers, of Public Goods : A General Equilibrium Study of the Role of the State
Economides, George - 2011
providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …
Persistent link: https://www.econbiz.de/10013123836
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Are user fees really regressive?
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs - 2012
by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in … contrast to common view and policy practice. -- user fees ; Ramsey taxation ; efficiency ; inequality …
Persistent link: https://www.econbiz.de/10009571131
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Public providers, versus private providers, of public goods : a general equilibrium study of the role of the state
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2011
providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …
Persistent link: https://www.econbiz.de/10009130257
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On Punishment and Well-being
Brandts, Jordi; Rivas, María Fernanda - Departament d'Economia i Història Econòmica, … - 2007
The existence of punishment opportunities has been shown to cause efficiency in public goods experiments to increase …
Persistent link: https://www.econbiz.de/10005572157
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The Theory of Incentive Mechanisms and the Samuelson Critique of a Contractarian Approach to Public-Good Provision
Bierbrauer, Felix; Hellwig, Martin - 2010
The assessment that the implementation of efficient outcomes by means of decentralized spontaneous solutions is to be expected for private goods, but not for public goods has become part of the conventional wisdom of our discipline. This paper uses a mechanism design approach to clarify under...
Persistent link: https://www.econbiz.de/10010270204
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Public providers, versus private providers, of public goods: A general equilibrium study of the role of the state
Economides, George; Philippopoulos, Apostolis; … - 2011
providers cannot beat private providers in terms of aggregate efficiency. We finally design a transfer scheme that can make a …
Persistent link: https://www.econbiz.de/10010277041
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On the Provision of Excludable Public Goods - General Taxes or User Prices?
Economides, George; Philippopoulos, Apostolis - 2021
, we address both efficiency and distribution issues. The focus is on the effects of user prices on individual incentives … and choices. We identify circumstances under which a market system of user prices not only enhances aggregate efficiency …
Persistent link: https://www.econbiz.de/10013314888