Tasa de descuento ambiental Gamma: una aplicación para Colombia [PDF]
Lecturas de Economía, 2008 The main purpose of this article is to describe and apply a methodology to estimate the discount rate on long-term projects, such as those related to environmental conservation and global climate change, for Colombia.
Francisco Correa Restrepo
doaj
Revealed strength of preference: Inference from response times
Judgment and Decision Making, 2019 Revealed preference is the dominant approach for inferring preferences, but it is limited in that it relies solely on discrete choice data. When a person chooses one alternative over another, we cannot infer the strength of their preference or predict ...
Arkady Konovalov, Ian Krajbich
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Weighted Temporal Utility [PDF]
, 2013 __Abstract__ We propose a novel utility representation for preferences over risky timed outcomes. The weighted temporal utility model generalizes many well known utility functions for intertemporal decision making under risk.
Gerber, A. (Anke) +1 more
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Empleo, desempleo y salario real: análisis del mercado laboral de la ciudad de Medellín (1995-2006) [PDF]
Lecturas de Economía, 2008 The main purpose of this article is to describe and apply a methodology to estimate the discount rate on long-term projects, such as those related to environmental conservation and global climate change, for Colombia.
Adriana María Ochoa Yepes +1 more
doaj
Heterogeneous Time Preferences and Interest Rates - The Preferred Habitat Theory Revisited [PDF]
The influence of heterogeneous time preferences on the term structure is investigated. Motivated by the Preferred Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed.
Frank Riedel
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Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics [PDF]
This paper adapts a generalized expected utility (GEU) maximization model (Epstein and Zin, 1989 and 1991) to examine the intertemporal risk management of wheat producers in the Pacific Northwest. Optimization results based on simulated data indicate the
Du, Wen, Wang, H. Holly
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Risk and Growth: Theoretical Relationships and Preliminary Estimates for South Africa [PDF]
In the recent literature on economic growth there is disagreement over the relationship between growth and volatility and their relative benefits and costs in welfare terms.
Kieran P. Donaghy, Russel Cooper
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PIH and ROT alternative in view of the intertemporal non-separability of preferences: empirical findings from a Japanese panel data [PDF]
This paper describes an empirical investigation into the permanent income hypothesis (PIH) and the rule-of-thumb (ROT) alternative hypothesis, both of which allow for the intertemporal non-separability of preferences in the sense that past consumption of
Makoto Ohta, Yoshitsugu Kitazawa
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Intertemporal substitution and nonhomothetic preferences [PDF]
, 2005 This study uses a model with nonseparable and nonhomothetic preferences to estimate theintertemporal elasticity of substitution (IES). We show that, while the assumption of homotheticity is strongly rejected, the estimated IES is positive and significant.
Okubo Masakatsu, 大久保 正勝
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Habits, Complementarities and Heterogenenity in Alcohol and Tobacco Demand: A Multivariate Dynamic Model [PDF]
In this paper we test the existence of rational habit formation in a multivariate model for alcohol and tobacco consumption. The theoretical framework, based on a dynamic adjustment cost model with forward-looking behaviour, is enhanced to include the ...
David Aristei, Luca Pieroni
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