作者：Fleurbaey, Marc; Leroux, Marie-Louise; Pestieau, Pierre; Ponthiere, Gregory
作者单位：Princeton University; University of Liege; Centre for Economic Policy Research - UK; Universite Paris-Est-Creteil-Val-de-Marne (UPEC); Institut Universitaire de France
摘要：A premature death unexpectedly brings a life and a career to their end, leading to substantial welfare losses. We study the retirement decision in an economy with risky lifetime and compare the laissez-faire with egalitarian social optima. We consider two social objectives: (1) the maximin on expected lifetime welfare, allowing for a compensation for unequal life expectancies, and (2) the maximin on realized lifetime welfare, allowing for a compensation for unequal lifetimes. The latter optimu...
作者：Jaworski, Taylor; Kimbrough, Erik O.
作者单位：Queens University - Canada; Simon Fraser University
摘要：In laboratory asset markets, subjects trade shares of a firm whose profits in a linked product market determine dividends. Treatments vary whether dividend information is revealed once per period or in real time and whether the firm is controlled by a profit-maximizing robot or human subject. The latter variation induces uncertainty about firm behavior, bridging the gap between laboratory and field markets. Our data replicate well-known features of laboratory asset markets (e.g., bubbles), sug...
