Estimating the Impact of Foreign Direct Investment (FDI) Policies on FDI Inflows Into Australia
ABSTRACT To what extent FDI policy settings and changes influence FDI inflows is an empirical question for which global answers are scarce. Australia is a pertinent locale to test this question, having a long history of attracting FDI and a policy approach distinct from most developed countries.
Stewart Nixon
wiley +1 more source
Risk aversion vs. intertemporal substitution: identification failure in the intertemporal consumption CAPM [PDF]
Is the risk aversion parameter in the simple intertemporal consumption CAPM “small” as in Hansen and Singleton (1982,1983), or is it that its reciprocal, the intertemporal elasticity of substitution, is small, as in Hall (1988)? This paper attributes the
Chris Neely, Charles Whiteman, Amlan Roy
core
Acting on the Voicelessness Challenge to Democratic Deliberation: A Six‐Actor Framework
ABSTRACT Political philosophers have long recognized that key stakeholders in policy decisions—children, future generations, nonhuman animals, and individuals with severe cognitive impairments—are structurally unable to participate in the deliberative processes meant to legitimate those decisions.
Julian C. Jamison
wiley +1 more source
Know Thyself: Self Awareness and Utility Misprediction in Discounting Models of Intertemporal Choice [PDF]
This review critically discusses the theoretical models of discounting through a selection of papers. It will focus on the comparison between the two major models, namely discounted utility and hyperbolic discounting.
Savorelli, Luca
core
ABSTRACT This study explores the relationship between financial capability and domestic bias in investment decisions among economics and business students at the University of Santiago de Compostela. Financial capability is defined as the combination of knowledge, attitudes, and behaviors that enable individuals to make informed financial decisions and
Marcos Álvarez‐Espiño +2 more
wiley +1 more source
How are Preferences Revealed? [PDF]
Revealed preferences are tastes that rationalize an economic agent’s observed actions. Normative preferences represent the agent's actual interests. It sometimes makes sense to assume that revealed preferences are identical to normative preferences.
James J. Choi +3 more
core
Repeated Choice: A Theory of Stochastic Intertemporal Preferences [PDF]
We provide a repeated-choice foundation for stochastic choice. We obtain necessary and sufficient conditions under which an agent's observed stochastic choice can be represented as a limit frequency of optimal choices over time.
Saito, Kota, Lu, Jay
core
Exit dynamics from organic certification in Quebec
Abstract In Quebec, organic‐certification exits remained persistently high at 5% –7% annually over 2021–2025, while entries fell sharply from 10.8% to 3.4%. By 2025, exits exceeded entries for the first time, contracting the certified stock and reversing a decade of expansion.
Komla Avoumatsodo, Moustapha Thiam
wiley +1 more source
Impatience, Anticipatory Feelings and Uncertainty: A Dynamic Experiment on Time Preferences [PDF]
We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose and measure
Marco Casari, Davide Dragone
core
Cognitive and institutional barriers to effective natural resource management under global change
Abstract Many of the most challenging decisions facing natural resource managers today can be understood as time dependent. The concept of time‐dependent decisions is useful when considering natural resource management decisions that are characterized by nonstationarity in the underlying ecological system, uncertainty surrounding key ecological ...
Madeleine A. Rubenstein +5 more
wiley +1 more source

