Now showing items 1-5 of 280

  • Preference intensity representation and revelation 

    Gerasimou, Georgios (University of St Andrews, 2018-12-30) - Working or discussion paper
    This paper introduces preference intensity functions -an extension of (neo)classical cardinal utility functions- and characterizes by means of three simple standard axioms the class of basic preference intensity orderings ...
  • Information disclosure and asymmetric speed of learning in booms and busts 

    Palazzo, Francesco; Zhang, Min (2017-09) - Journal article
    We consider a model in which agents gradually learn about the aggregate market conditions — ‘boom’ or ‘bust’ — from the information disclosed after a trading round. The disclosure rules can generate asymmetric learning and ...
  • Valuation risk revalued 

    de Groot, Oliver; Richter, Alexander W.; Throckmorton, Nathaniel A. (University of St Andrews, 2018-12-17) - Working or discussion paper
    This paper shows the recent success of valuation risk (time-preference shocks in Epstein- Zin utility) in resolving asset pricing puzzles rests sensitively on an undesirable asymptote that occurs because the preference ...
  • The transmission of inequality across multiple generations : testing recent theories with evidence from Germany 

    Braun, Sebastian Till; Stuhler, Jan (2018-03-02) - Journal article
    This paper shows that across multiple generations, the persistence of occupational and educational attainment in Germany is larger than estimates from two generations suggest. We consider two recent interpretations. First, ...
  • Education, income and happiness : panel evidence for the UK 

    FitzRoy, Felix R.; Nolan, Michael A. (2018-11-14) - Journal article
    Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age, to our knowledge for the first time. The ...