Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/21277 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorSaint-Paul, Gillesen
dc.date.accessioned2009-01-28T16:20:58Z-
dc.date.available2009-01-28T16:20:58Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/21277-
dc.description.abstractThis paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well as that of errors. By imposing constraints on transaction prices, the government eliminates some that are on average inefficient--because the price signals thatone of the parties has typically grossly overestimated its benefit from participation. This policy may increase aggregate welfare even though some of the transactions being blocked are actually efficient.The paper also studies the extent to which the use of private consultants with sufficientintelligence by people with limited intelligence may dominate government regulation.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x609en
dc.subject.jelK32en
dc.subject.jelK31en
dc.subject.jelJ8en
dc.subject.jelJ42en
dc.subject.jelJ41en
dc.subject.jelJ38en
dc.subject.jelI3en
dc.subject.jelH21en
dc.subject.jelD83en
dc.subject.jelD82en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordcognitive abilityen
dc.subject.keywordminimum wagesen
dc.subject.keywordregulationen
dc.subject.keywordprice controlsen
dc.subject.keywordpaternalismen
dc.subject.keywordintelligenceen
dc.subject.stwPreisaufsichten
dc.subject.stwRationales Verhaltenen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwKognitionen
dc.subject.stwTheorieen
dc.titleCognitive Ability and Paternalism-
dc.typeWorking Paperen
dc.identifier.ppn846110687en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
389.96 kB





Publikationen in EconStor sind urheberrechtlich geschützt.