Paris School of Economics - École d'Économie de Paris

Economics serving society

(February 2017) 5 papers... in 5 minutes!

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Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys - Daniel Herrera-Araujo and James K. Hammitt
To live is to take risks: Danger is all around us and the most we can do is to slightly reduce our exposure. Certain actions such as buckling your seat belt when driving or drinking only bottled water do in fact reduce the risk of incurring mortal injuries or contracting painful diseases...
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About delay aversion - Lorenzo Bastianello and Alain Chateauneuf
“One today is worth two tomorrow" . This sentence summarizes very well the idea behind the work of Paul Samuelson, who first formalized the concept of impatience for an economic agent in his influential 1937 contribution. In economics, in fact, it is standard to assume that agents prefer immediate utility over delayed utility...
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Pollution, décès prématuré et compensation - Gregory Ponthière
Environmental pollution – pollution of the air, water, soil – is one of the greatest causes of mortality. According to the WHO (2014), air pollution (fine particles) alone is responsible for the early deaths of almost seven million people around the world. The excessive death rate generated by a polluted environment...
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Reason-based choice and context-dependence: an explanatory framework - Franz Dietrich and Christian List
Rational choice theory is in the business of explaining and predicting behaviour, or so it claims. But does it achieve this goal? This paper presentation adopts an unusual approach: it tries to make you curious by giving a big-picture motivation...
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Ambiguity and the historical equity premium - Fabrice Collard, Sujoy Mukerji, Kevin Sheppard et Jean-MarcTallon
The explanation for long-term changes to share prices and to financial assets more generally, is complex, and the economics literature on the topic features many enigmas, the most prominent of which is called “the risk bonus”...
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