Download or read book Limited Attention Asymmetric Information and the Hedonic Model written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The broad objective of this research is to gauge the importance of relaxing the full information assumption in revealed preference models when decisions are made in complex, public information environments. This thesis focuses on housing markets. An information acquisition process is outlined that describes why homebuyers are often less informed than sellers for some housing attributes when they face more stringent information search and processing constraints. Adapting the hedonic model for the possibility that sellers are more informed than buyers suggests that estimates of the implicit price for a housing attribute may be attenuated towards zero if there is asymmetric information about the quantity of the attribute. The importance of the asymmetric information argument is gauged by applying the quasi-random experiment methodology to three applications involving exogenous information shocks for different housing attributes. The first of these applications describes the impact of an airport noise disclosure on housing prices. The results indicate that the disclosure reduced housing prices near the airport by 2-3 percent. This suggests that an estimate of the implicit price for airport noise would have been attenuated towards zero by approximately 36 percent prior to the disclosure. The second application described the impact of a flood plain disclosure on housing prices. The results indicate that the disclosure reduced housing prices in designated flood zones by approximately 4 percent. Thus this application reconfirms the results from the airport noise application and the conceptual framework. The third application describes the impact of information shocks related to the locations of registered sex offenders on housing prices. The results indicate that housing prices fall by 2 percent within one tenth of a mile of a registered sex offender when a sex offender moves into a neighborhood. However, this impact was not affected by increased media attention surrounding.
Download or read book Limited Attention Asymmetric Information and the Hedonic Model written by Jaren C. Pope and published by . This book was released on 2006 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keywords: Sex Offenders, Flood Zones, Airport Noise, Housing, Asymmetric Information, Hedonic.
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Economic Literature written by and published by . This book was released on 2007 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Web Information Systems and Technologies written by Massimo Marchiori and published by Springer Nature. This book was released on 2023-08-28 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes revised selected papers from the 18th International Conference on Web Information Systems and Technologies, WEBIST 2022, which took place in Valletta, Malta, in October 2022. The 13 full revised papers presented in this book were carefully reviewed and selected from a total of 62 submissions. The selected papers contribute to the understanding of relevant current research trends in Web information systems and technologies, including deep learning, knowledge representation and reasoning, recommender systems, internet of things, Web intelligence and big data.
Download or read book International Encyclopedia of Housing and Home written by and published by Elsevier. This book was released on 2012-10-09 with total page 3870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts
Download or read book Journal of Agricultural and Resource Economics written by and published by . This book was released on 1999 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Environmental and Resource Economics written by Jeroen C. J. M. Van den Bergh and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 1326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.
Download or read book Policy and Choice written by William J. Congdon and published by Brookings Institution Press. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.
Download or read book Market Distortions when Agents are Better Informed written by Steven D. Levitt and published by . This book was released on 2005 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Agents are often better informed than the clients who hire them and may exploit this informational advantage. Real-estate agents, who know much more about the housing market than the typical homeowner, are one example. Because real estate agents receive only a small share of the incremental profit when a house sells for a higher value, there is an incentive for them to convince their clients to sell their houses too cheaply and too quickly. We test these predictions by comparing home sales in which real estate agents are hired by others to sell a home to instances in which a real estate agent sells his or her own home. In the former case, the agent has distorted incentives; in the latter case, the agent wants to pursue the first-best. Consistent with the theory, we find homes owned by real estate agents sell for about 3.7 percent more than other houses and stay on the market about 9.5 days longer, even after controlling for a wide range of housing characteristics. Situations in which the agent's informational advantage is larger lead to even greater distortions"--National Bureau of Economic Research web site.
Download or read book Effective Supply Mechanism and Path of Environmental Public Goods in China written by Jibo Yang and published by Springer Nature. This book was released on 2023-07-26 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, from the perspectives of the spatial and intergenerational externalities of environmental public goods, provides a comprehensive overview of the concepts and theories concerning environmental public goods supply and illustrates how to design the mechanism for promoting resident participation in effective environmental public goods supply under the guidance of the government. Noticeably, an intergenerational overlapping model for resident participation in environmental public goods supply has been created in the book, which generates new ideas for mitigating the long-standing forward intergenerational goods shortage. Moreover, this book uses happiness dataset to measure the feasibility of resident participation in environmental public goods supply and also makes a comparison between two supply models: Government Provide Model and Residents, Enterprises and Government Provide Model, so as to offer theoretically feasible suggestions.Not only is this book highly recommended for professionals in government units, universities, and research institutions that are engaged in environmental governance, but it can be used as a reference book for students of relevant majors in institutions of higher learning.
Download or read book Emotional Engineering Volume 4 written by Shuichi Fukuda and published by Springer. This book was released on 2016-06-15 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the important role of emotion in a hyper-connected society and how product development and manufacture change. It explores how our work and lifestyle may be affected by forthcoming technologies and presents key research on multisensory informatics, one of the most important tools for making the most of emotion. This fourth volume of the Emotional Engineering Series focuses on the human issues relating to Cyber Physical Systems, or Industrie 4.0, and discusses the important role emotion plays in these smart environments. Introducing related works in the field of multisensory research, which provide the basic tools for becoming context- and situation aware in this imminent revolutionary society, it discusses not only the changes in production and product development this new revolution will bring about, but also highlights how emotion plays a crucial role in making us happy in such a connected society and in bringing about harmonization between human and human, between human and machine and, last but not least, in maintaining a good work-life balance.
Download or read book Escaping Paternalism written by Mario J. Rizzo and published by Cambridge University Press. This book was released on 2019-12-05 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful critique of nudge theory and the paternalist policies of behavioral economics, and an argument for a more inclusive form of rationality.
Download or read book Well Being written by Daniel Kahneman and published by Russell Sage Foundation. This book was released on 1999-07-08 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: The nature of well-being is one of the most enduring and elusive subjects of human inquiry. Well-Being draws upon the latest scientific research to transform our understanding of this ancient question. With contributions from leading authorities in psychology, social psychology, and neuroscience, this volume presents the definitive account of current scientific efforts to understand human pleasure and pain, contentment and despair. The distinguished contributors to this volume combine a rigorous analysis of human sensations, emotions, and moods with a broad assessment of the many factors, from heredity to nationality, that bear on our well-being. Using the tools of experimental science, the contributors confront the puzzles of human likes and dislikes. Why do we grow accustomed and desensitized to changes in our lives, both good and bad? Does our happiness reflect the circumstances of our lives or is it determined by our temperament and personality? Why do humans acquire tastes for sensations that are initially painful or unpleasant? By examining the roots of our everyday likes and dislikes, the book also sheds light on some of the more extreme examples of attraction and aversion, such as addiction and depression. Among its wide ranging inquiries, Well-Being examines systematic differences in moods and behaviors between genders, explaining why women suffer higher rates of depression and anxiety than men, but are also more inclined to express positive emotions. The book also makes international comparisons, finding that some countries' populations report higher levels of happiness than others. The contributors deploy an array of methods, from the surveys and questionnaires of social science to psychological and physiological experiments, to develop a comprehensive new approach to the study of well-being. They show how the sensory pleasures of the body can tells us something about the higher pleasures of the mind and even how the effectiveness of our immune system can depend upon the health of our social relationships.
Download or read book Issues in Global Environment Globalization and Global Change Research 2013 Edition written by and published by ScholarlyEditions. This book was released on 2013-05-01 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Global Environment—Globalization and Global Change Research: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Dendrochronologia. The editors have built Issues in Global Environment—Globalization and Global Change Research: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Dendrochronologia in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Global Environment—Globalization and Global Change Research: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Download or read book Stability of Happiness written by Kennon M Sheldon and published by Elsevier. This book was released on 2014-07-08 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right to "pursue happiness" is one of the dominant themes of western culture, and understanding the causes of happiness is one of the primary goals of the positive psychology movement. However, before the causality question can even be considered, a more basic question must be addressed: CAN happiness change? Reasons for skepticism include the notion of a "genetic set point" for happiness, i.e. a stable personal baseline of happiness to which individuals will always return, no matter how much their lives change for the better; the life-span stability of happiness-related traits such as neuroticism and extraversion; and the powerful processes of hedonic adaptation, which erode the positive effects of any fortuitous life change. This book investigates prominent theories on happiness with the research evidence to discuss when and how happiness changes and for how long. Identifies all major theories of happiness Reviews empirical results on happiness longevity/stability Discusses mitigating factors in what influences happiness longevity
Download or read book Consumer Neuroscience Foundation Validation and Relevance written by Thomas Zoëga Ramsoy and published by Frontiers Media SA. This book was released on 2023-08-07 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumer neuroscience has become an expanding area of both research and conduct – spanning from academic interests in the brain bases of consumption choices to commercial application of neuroscience tools and metrics. However, many of these advances are still criticized for low applicability, scattered publication records, conceptual vagueness, and a lack of proper scientific and commercial validation. To make matters worse, there is now a host of proposed commercial applications of both the insights from neuroscience and the application of neuroscience and neurophysiology tools to test consumer responses. While many of these approaches may be valid, many other approaches are either not properly validated, or may be flawed, misguided, or even outright lies. As a discipline, there is a need for both the basic and applied research in consumer neuroscience to become aligned. The purpose of this Research Topic is to provide this much-needed platform for such an industrial alignment. In doing so, this Research Topic will provide perspectives on three main areas: 1. distinctions between basic, translational and applied consumer neuroscience research 2. conceptual clarification on key concepts relevant to the science and application of consumer neuroscience 3. validation of consumer neuroscience methods and how they relate to commercially relevant cases. For this Research Topic, we therefore welcome submissions that combine academic and commercial research, all in the vein of making advances in establishing a valid, applicable consumer neuroscience.
