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Behavioral Economics Commons

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Articles 1 - 9 of 9

Full-Text Articles in Behavioral Economics

Prices And Social Behavior: Evidence From Adult Smoking In Canadian Aboriginal Communities, Jesse A. Matheson Dec 2014

Prices And Social Behavior: Evidence From Adult Smoking In Canadian Aboriginal Communities, Jesse A. Matheson

Jesse A Matheson

This paper provides estimates of tobacco price elasticity explicitly distinguishing between two price effects: the direct effect, reflecting individual reaction to a price change, and the indirect effect, whereby price influences the individual by changing community smoking behavior. Canada's Aboriginal communities are small and secluded, allowing for plausible identification of reference groups on a relatively large scale. Estimates suggest a 10 percent increase in price decreases daily smoking by 0.91 percentage points (2.11 percent), occasional smoking by 1.24 percentage points (8.27 percent) and average smoking intensity by 0.15 cigarettes per day (2.9 percent). It is found that the indirect effect …


Resource Allocation, Affluence And Deadweight Loss When Relative Consumption Matters, Jesse A. Matheson, B. Curtis Eaton Dec 2012

Resource Allocation, Affluence And Deadweight Loss When Relative Consumption Matters, Jesse A. Matheson, B. Curtis Eaton

Jesse A Matheson

We explore the link between affluence and well-being using a simple general equilibrium model with a pure Veblen good. Individuals derive utility from the pure Veblen good based solely on how much they consume relative to others. In equilibrium, consumption of the pure Veblen good is the same for everyone, so the Veblen good contributes nothing to utility. Hence, resources devoted to the Veblen good provide us with a measure of deadweight loss. We ask: Under what preference conditions does the proportion of productive capacity devoted to the pure Veblen good increase as an economy becomes more affluent? In a …


Women’S Decision Making: A Contextual Assessment, Safdar Khan Dec 2010

Women’S Decision Making: A Contextual Assessment, Safdar Khan

Safdar Khan

No abstract provided.


Are Ceos Expected Utility Maximizers?, John List, Charles Mason Dec 2010

Are Ceos Expected Utility Maximizers?, John List, Charles Mason

Charles F Mason

Are individuals expected utility maximizers? This question represents much more than academic curiosity. In a normative sense, at stake are the fundamental underpinnings of the bulk of the last half-century’s models of choice under uncertainty. From a positive perspective, the ubiquitous use of benefit-cost analysis across government agencies renders the expected utility maximization paradigm literally the only game in town. In this study, we advance the literature by exploring CEO’s preferences over small probability, high loss lotteries. Using undergraduate students as our experimental control group, we find that both our CEO and student subject pools exhibit frequent and large departures …


Inflation Monitor, Muhammad Arby, Fida Hussain, Safdar Khan May 2006

Inflation Monitor, Muhammad Arby, Fida Hussain, Safdar Khan

Safdar Khan

Extract:
Although inflationary pressures persisted in the economy for the second year in a row, the headline inflation fell to 7.6 percent year-on-year in June 2006 that was 1 percentage point less than inflation in corresponding month last year.1 The inflation containment was more visible in the last six months of FY06 as compared to first six months (Jul 05 to Dec 05): the average CPI inflation during the first half of the year was 8.4 percent which declined to 7.4 percent in the second half primarily due to fall in food inflation. Inflation measured by sensitive price indicator also …


Dynamics Of Energy Consumption, Safdar Khan Dec 2005

Dynamics Of Energy Consumption, Safdar Khan

Safdar Khan

Extract:
Dynamics of Energy Consumption Pakistan has been facing severe imbalances in energy demand and supply for the last couple of decades. During early 1980s domestic supply of energy was fulfilling almost 86 percent of total domestic energy demand; a gap of 14 percent was being filled by imports. However, the demand – supply gap started increasing since then and reached to almost 47 percent by the year 2000 (see Figure S2.1).


Economic Growth, Saving And Investment, Safdar Khan Dec 2004

Economic Growth, Saving And Investment, Safdar Khan

Safdar Khan

Extract:
Despite an evident slowdown in major economies around the global amidst a sustained rise in international oil prices, the domestic economy surpassed its growth target by a wide margin for the third consecutive year, witnessing a growth rate of 8.4 percent in FY05, the highest during the last two decades (see Figure 2.1 & 2.2).


Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan Dec 2003

Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan

Safdar Khan

Extract:
Two distinct regional associations, SAARC and ASEAN, comprise over seventeen different economies of Asia. These economies differ from each other in terms of their age, size and economic performance. However, some comparisons can be drawn between these intra-regional economies on the basis of economic and financial performance for a uniform period of observation, spanning from 1990 to 2003.1 This chapter discusses the financial sector indicators of the SAARC and ASEAN countries under the framework of macroeconomic performance, with the objective of assessing the level of Pakistan’s performance in comparison with these countries.


Financial Sector Deepening And Economic Growth In Pakistan, Safdar Khan Dec 2002

Financial Sector Deepening And Economic Growth In Pakistan, Safdar Khan

Safdar Khan

No abstract provided.