Search
Now showing items 11-20 of 26
Discounting and Relative Consumption
(2013-03)
We analyze optimal social discount rates when people derive utility from relative consumption. We compare the social, private, and conventional Ramsey rates. Assuming a positive growth rate, we find that 1) the social ...
Redistribution through Charity and Optimal Taxation when People are Concerned with Social Status
(2016-01)
This paper deals with tax policy responses to charitable giving based on a model of optimal
redistributive income taxation. The major contribution is the simultaneous treatment of (i)
warm-glow and stigma effects of ...
State-Variable Public Goods and Social Comparisons over Time
(2013-02)
The optimal provision of a state-variable public good, where the global climate is the prime example, is analyzed in a model where people care about their relative consumption. We consider both keeping-up-with-the-Joneses ...
Social Comparisons and Optimal Taxation in a Small Open Economy
(2016-05)
Almost all previous studies on optimal taxation and status consumption are based on closed
model-economies. This paper analyzes how international capital mobility – which may
constrain the use of capital income taxation ...
Keeping others in our mind or in our heart? Distribution games under cognitive load
(2014-06)
It has recently been argued that giving is spontaneous while greed is calculated (Rand et al. 2012). If greed is calculated we would expect that cognitive load, which is assumed to reduce
the influence of cognitive ...
Self-Image and Valuation of Moral Goods: Stated versus Real Willingness to Pay
(2011-01)
Hypothetical bias in stated-preference methods appears sometimes to be very large, and other times non-existent. This is here largely explained by a model where people derive utility from a positive self-image associated ...
HEALTH INVESTMENTS UNDER RISK AND AMBIGUITY
(2010-05-04)
This paper discusses how a decision maker should deal with uncertainty, both in the sense of a well-known probability distribution of different outcomes and as a situation where also the probability distribution is unknown. ...
Genuine Saving and Conspicuous Consumption
(2016-01)
Much evidence suggests that people are concerned with their relative consumption, i.e., their own consumption relative to that of others. Yet, conspicuous consumption and the
corresponding social costs have so far been ...
POSITIONAL PREFERENCES IN TIME AND SPACE: IMPLICATIONS FOR OPTIMAL INCOME TAXATION
(2010-01-22)
This paper concerns optimal nonlinear taxation in an OLG model with two ability-types, where people care about their own consumption relative to (i) other people’s current consumption, (ii) own past consumption, and (iii) ...
Social preferences are stable over long periods of time
(2012-04)
We measure people’s prosocial behavior, in terms of voluntary money and labor time
contributions to an archetypical public good, a bridge, and in terms of voluntary money
contributions in a public good game, using the ...