8 results on '"Ilja Neustadt"'
Search Results
2. Do Religious Beliefs Explain Preferences for Income Redistribution? Experimental Evidence
- Author
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Ilja Neustadt, University of Zurich, and Neustadt, Ilja
- Subjects
Economics and Econometrics ,H29 ,Test ,discrete choice experiments ,jel:D63 ,media_common.quotation_subject ,Geography, Planning and Development ,Discrete choice experiment ,C93 ,Religiosity ,Diskrete Entscheidung ,Willingness to pay ,10007 Department of Economics ,Schweiz ,0502 economics and business ,ddc:330 ,jel:H29 ,Economics ,C35 ,SOI Socioeconomic Institute (former) ,050207 economics ,Empirical evidence ,preferences ,050205 econometrics ,media_common ,jel:C93 ,Öffentliche Meinung ,Public economics ,05 social sciences ,jel:C35 ,Welfare state ,Religious denomination ,religiosity ,330 Economics ,Religion ,Income redistribution, beliefs, religiosity, welfare state, preferences, willingness to pay, discrete choice experiments ,Einkommensverteilung ,Luck ,beliefs ,income redistribution ,Redistribution of income and wealth ,D63 ,welfare state - Abstract
Due to the mixed empirical evidence bearing on the economic determinants, beliefs have been at the centre of attention of research into preferences for income redistribution. We elicit preferences for income redistribution through a Discrete Choice Experiment performed in 2008 in Switzerland and relate them to several behavioural determinants, in particular to religious beliefs. Estimated marginal willingness to pay (WTP) is positive among those who do not belong to a religious denomination, and negative otherwise. However, the marginal WTP is shown to increase with a higher degree of religiosity. Moreover, those who state that luck or connections play a crucial role in determining economic success exhibit significantly higher WTP values than those who deem effort to be decisive. (JEL codes: C35, C93, D63, H29) Copyright The Author 2011. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oup.com, Oxford University Press.
- Published
- 2011
3. Why Does Income Redistribution Differ Between Countries? Comparative Evidence From Germany and Switzerland
- Author
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Zweifel, P. and Ilja Neustadt
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Einkommensverteilung ,Volkswirtschaftliche Gesamtrechnung ,Schweiz ,ddc:330 ,Einkommen ,Vergleich ,Deutschland ,jel:D31 ,D31 - Published
- 2013
4. Best-response dynamics in a birth-death model of evolution in games
- Author
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Ilja Neustadt, Carlos Alós-Ferrer, University of Zurich, and Alós-Ferrer, Carlos
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1403 Business and International Management ,Mutation rate ,General Computer Science ,Coordination games, learning, mutation, birth-death processes, C72, D83 ,Simple (abstract algebra) ,10007 Department of Economics ,ddc:330 ,jel:C0 ,Direct proof ,Coordination game ,1700 General Computer Science ,1804 Statistics, Probability and Uncertainty ,Coordination games ,Business and International Management ,jel:C6 ,jel:C7 ,birth-death processes ,Mathematics ,learning ,Decision rule ,jel:M2 ,Zero (linguistics) ,330 Economics ,Best response ,Mutation (genetic algorithm) ,mutation ,jel:D5 ,Statistics, Probability and Uncertainty ,jel:B4 ,jel:D7 ,Mathematical economics - Abstract
We consider a model of evolution with mutations as in Kandori et al. (1993) [Kandori, M., Mailath, G.J., Rob, R., 1993. Learning, mutation, and long run equilibria in games. Econometrica 61, 29–56], where agents follow best-response decision rules as in Sandholm (1998) [Sandholm, W., 1998. Simple and clever decision rules for a model of evolution. Economics Letters 61, 165–170]. Contrary to those papers, our model gives rise to a birth-death process, which allows explicit computation of the long-run probabilities of equilibria for given values of the mutation rate and the population size. We use this fact to provide a direct proof of the stochastic stability of risk-dominant equilibria as the mutation rate tends to zero, and illustrate the outcomes of the dynamics for positive mutation rates.
- Published
- 2010
5. Economic well-being, social mobility, and preferences for income redistribution: Evidence from a discrete choice experiment
- Author
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Peter Zweifel, Ilja Neustadt, and University of Zurich
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Labour economics ,H29 ,Working poor ,jel:D63 ,discrete choice experiments ,C93 ,Empirical research ,Willingness to pay ,Diskrete Entscheidung ,10007 Department of Economics ,0502 economics and business ,Schweiz ,Economics ,jel:H29 ,ddc:330 ,C35 ,SOI Socioeconomic Institute (former) ,050207 economics ,social mobility ,preferences ,050205 econometrics ,Lebensqualität ,Income redistribution, preferences, willingness to pay, discrete choice experiments, stated choice, economic well-being, social mobility ,jel:C93 ,05 social sciences ,1. No poverty ,stated choice ,jel:C35 ,Soziale Wohlfahrtsfunktion ,Redistribution (cultural anthropology) ,Social mobility ,A share ,330 Economics ,economic well-being ,Soziale Mobilität ,Einkommensverteilung ,8. Economic growth ,Nationality ,income redistribution ,Redistribution of income and wealth ,D63 - Abstract
In this paper, preferences for income redistribution in Switzerland are elicited through a Discrete Choice Experiment (DCE) performed in 2008. In addition to the amount of redistribution as a share of GDP, attributes also included its uses (working poor, the unemployed, old-age pensioners, families with children, people in ill health) and nationality of beneficiary (Swiss, Western European, others). Willingness to pay for redistribution increases with income and education, contradicting the conventional Meltzer-Richard (1981) model. The Prospect of Upward Mobility hypothesis [Hirschman and Rothschild (1973); Benabou and Ok (2001)] receives partial empirical support.
- Published
- 2010
6. Is the Welfare State Sustainable? Experimental Evidence on Citizens' Preferences for Redistribution
- Author
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Peter Zweifel, Ilja Neustadt, and University of Zurich
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H29 ,Test ,discrete choice experiments ,jel:D63 ,Beneficiary ,Income redistribution, preferences, willingness to pay, welfare state, sustainability, discrete choice experiments ,C93 ,Staatsquote ,income redistribution, welfare state, sustainability, preferences, willingness to pay, discrete choice experiments ,Diskrete Entscheidung ,Willingness to pay ,Economic inequality ,10007 Department of Economics ,Schweiz ,0502 economics and business ,ddc:330 ,jel:H29 ,Economics ,C35 ,SOI Socioeconomic Institute (former) ,050207 economics ,preferences ,050205 econometrics ,jel:C93 ,Government ,050208 finance ,Income redistribution ,welfare state ,sustainability ,willingness to pay ,Public economics ,05 social sciences ,1. No poverty ,jel:D12 ,jel:C35 ,Welfare state ,Redistribution (cultural anthropology) ,Sozialstaat ,Einkommensumverteilung ,jel:H31 ,330 Economics ,8. Economic growth ,Sustainability ,Demographic economics ,income redistribution ,Redistribution of income and wealth ,D63 - Abstract
The sustainability of the welfare state ultimately depends on citizens' preferences for income redistribution. They are elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its uses (the unemployed, old-age pensioners, people with ill health etc.), and nationality of beneficiary. Estimated marginal willingness to pay (WTP) is positive among those who deem benefits too low, and negative otherwise. However, even those who state that government should reduce income inequality exhibit a negative WTP on average. The major finding is that estimated average WTP is maximum at 21% of GDP, clearly below the current value of 25%. Thus, the present Swiss welfare state does not appear sustainable. JEL-Code: C35, C93, D63, H29.
- Published
- 2010
7. Why does the amount of income redistribution differ between the United States and Europe?
- Author
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Sule Akkoyunlu, Ilja Neustadt, and Peter Zweifel
- Subjects
Redistribution, Income Mobility, Openness, Political Economy, Beliefs, Religion, Immigration - Abstract
In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence about the relative merits of competing hypotheses. It tips the balance against the economic explanation, which predicts more rather than less income redistribution in the United States compared to the EU. It only weakly supports the political model linking proportional representation and multiparty structure (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral explanations receive a good deal of support from the case of Switzerland, a country that shares with the United States the belief that hard work rather than luck, birth, connections, and corruption determine wealth. In this way, the Janus face of Switzerland may help to explain the difference in the amount of U.S. and EU income redistribution.
- Published
- 2009
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8. Promoting Renewable Electricity Generation in Imperfect Markets: Price vs. Quantity Policies
- Author
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Peter Zweifel, Ilja Neustadt, Reinhard Madlener, and University of Zurich
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Strompreis ,Economic efficiency ,Feed-in tarif ,Q42 ,Tradable green certificates, Renewable portfolio standard, Quota target, Feed-in tariff, Cournot duopoly ,Unvollkommener Markt ,Förderung erneuerbarer Energien ,Q48 ,Social Welfare ,Renewable portfolio standard ,Microeconomics ,10007 Department of Economics ,jel:Q42 ,ddc:330 ,Economics ,jel:Q48 ,Perfect competition ,SOI Socioeconomic Institute (former) ,Emissionshandel ,Feed-in tariff ,Green certifcates ,business.industry ,330 Economics ,Renewable energy ,Electricity generation ,Electricity ,business ,Preisregulierung ,Theorie - Abstract
The search for economically efficient policy instruments designed to promote the diffusion of renewable energy technologies in liberalized markets has led to the introduction of quota-based tradable 'green' certificate (TGC) schemes for renewable electricity. However, there is a debate about the pros and cons of TGC, a quantity control policy, compared to guaranteed feed-in tariffs, a price control policy. In this paper we contrast these two alternatives in terms of social welfare, taking into account that electricity markets are not perfectly competitive, and show that the price control policy dominates the quantity control policy in terms of social welfare.
- Published
- 2008
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