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Emotions, Morality and Public Goods: The WTA-WTP Disparity Revisited
(2006)
Empirical evidence suggests that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, and that this discrepancy tends to be especially ...
Keeping Up with the Vaishyas: Caste and Relative Standing
(2005)
We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind of relative income ...
Should We Use Distributional Weights in CBA When Income Taxes Can Deal with Equity?
(2001)
Kaplow (1996) and others argue forcefully in favor of using the standard cost-benefit test alone, without any distributional concern, given "standard simplifying assumptions." This paper, on the contrary, ...
Om nationalekonomisk imperialism och idéutveckling
(2006)
Nationalekonomiska metoder och modeller tillämpas inom de mest skiftande områden
som kriminalitet, barnuppfostran och drogmissbruk. Ett skäl till ämnets framgång är dess användning av matematik. Nationalekonomins formalisering ...
A Note on the Risk Behavior and Death of Homo Economicus
(2006)
Recent papers by Cox and Sadiraj (2006) and Rubinstein (2006) have pointed out that expected utility theory is more general than has sometimes been acknowledged, and can hence not be refuted as easily by means of experiments. ...
Environmental Policy when Peoples Preferences are Inconsistent, Non-Welfaristic, or simply Not Developed
(2001)
This paper discusses how a benevolent policy maker should act based on some, possibly non-welfaristic,ethical principle in cases where peoples preferences are not perfectly informed,consistent and fully developed with ...
Does stake size matter in trust games?
(2004)
In a trust game conducted in rural Bangladesh, the proportion of money sent decreased significantly with the stake size. Still, even with very large stakes few followed the conventional economic prediction and sent nothing.
How Much Do We Care About Absolute Versus Relative Income and Consumption?
(2001)
We find, using survey-experimental methods, that most individuals are concerned with
both relative income and relative consumption of particular goods. The degree of
concern varies in the expected direction depending on ...
Mad Cows, Terrorism and Junk Food: Should Public Policy Reflect Subjective or Objective Risks?
(2006)
Empirical evidence suggests that people’s risk-perceptions are often systematically biased. This paper develops a simple framework to analyse public policy when this is the case. Expected utility (well-being) is shown to ...
Should We Trust Hypothetical Referenda? Test and Identification Problems
(2006)
In a paper published in the Journal of Political Economy, Cummings et al. experimentally compare hypothetical and real-money referenda. They reject the incentive compatibility hypothesis of hypothetical referenda. However, ...