Essays about: "Georgios N. Diakoulakis"

Found 1 essay containing the words Georgios N. Diakoulakis.

  1. 1. (agri)Environmental contracts, dynamic inconsistencies and moral hazard

    University essay from SLU/Dept. of Economics

    Author : Georgios N. Diakoulakis; [2015]
    Keywords : contract design; behavior; decision-makin; discounting; economics; intertemporal choices;

    Abstract : From the beginning of the world, the agricultural sector has always played an essential role into our society, and contracts have massively been used by policy-makers for the implementation of (agri)environmental policies, especially when such policies concern the use and development of privately owned land, and information asymmetries between policy-makers and individuals exist. Even though the majority of (agri)environmental contracts are designed assuming individual’s constant time-preferences, recent evidence from many behavioural studies on individual’s intertemporal choices advocate declining time-preferences due to behavioural biases, which can be explained by hyperbolic discounting. READ MORE