Results 31 to 40 of about 47,115 (199)
Folia Oeconomica Stetinensia, 2020 Research background: An investment appraisal applies a single discount rate across all effects. However, this may be insufficient for heterogenous environmental impacts, mixing private and public goods as well as use and non-use values, where individuals
Foltyn-Zarychta Monika
doaj +1 more source
Time and Present-Biased Preferences in Intertemporal Behavior of Iranian Young People: Case Study of Students of Ferdowsi University of Mashhad [PDF]
پژوهشهای اقتصادی, 2018 Time preference and intertemporal behavior are of basic importance in theoretical and applied studies of decision-making and economic analysis. Present-bias induces individuals to postpone their savings and makes the saving level less than its optimal ...
parvin tashakori saleh +2 more
doaj
External Sector Rebalancing and Endogenous Trade Imbalance Models
Contemporary Economics, 2012 I discuss the need for trade models to incorporate endogenous trade imbalances both to more adequately capture the reality of a global economy with large imbalances and pressures from the financial crisis for countries to reduce imbalances.
John Whalley
doaj +1 more source
Intertemporal Substitution and Hyperbolic Discounting [PDF]
, 2006 Evidence from behavioural experiments suggests that intertemporal preferences reflect a hyperbolic discount function. This paper shows that in contrast to exponential discounting, the elasticity of intertemporal substitution for hyperbolic consumers ...
Geraats, Petra M.
core +2 more sources
Intertemporal portfolio allocation and hedging demand: an application to South Africa
Journal of Business Economics and Management, 2014 This paper analyses the intertemporal hedging demand for stocks and bonds in South Africa, the United Kingdom and the United States. The analysis is done using an approximate solution method for the optimal consumption and wealth portfolio problem of an ...
Esti Van Wyk De Vries +2 more
doaj +1 more source
Intertemporal substitution and nonhomothetic preferences [PDF]
Economics Letters, 2008 This study uses a model with nonseparable and nonhomothetic preferences to estimate the intertemporal elasticity of substitution (IES). We show that, while the assumption of homotheticity is strongly rejected, the estimated IES is positive and significant.
openaire +1 more source
Endogenous Growth with Intertemporally Dependent Preferences [PDF]
Contributions in Macroeconomics, 2003 This paper presents an endogenous growth model with intertemporally dependent preferences and "Ak" technology. We derive sufficient conditions for a balanced growth path to be an equilibrium, provide a full characterization of the equilibrium dynamics of the economy, and explore the implications of habit formation for the patterns of cross-country ...
Giuseppe Ferraguto, Patrizio Pagano
openaire +2 more sources
The cancellation heuristic in intertemporal choice shifts people’s time preferences
Scientific Reports, 2022 Building on past research in risky decision making, the present research investigated whether the cancellation heuristic is evident in intertemporal choice. Specifically, the cancellation heuristic posits that whenever choice options are partitioned into
Arjun Sengupta, Krishna Savani
doaj +1 more source
Social motives vs social influence: an experiment on interdependent time preferences [PDF]
, 2017 We report experimental evidence on the effects of social preferences on intertemporal decisions. To this aim, we design an intertemporal Dictator Game to test whether Dictators modify their discounting behavior when their own decision is imposed on their
Abdellaoui +69 more
core +4 more sources
Assessing patience and predictivity validity for mixed sign intertemporal choices
Judgment and Decision MakingMost research on intertemporal choice has examined choices between smaller, sooner gains and larger, later gains. A much smaller number of papers have examined intertemporal choices for losses.
Wade Sean Mansell, Ye Li, David Hardisty
doaj +1 more source