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Menu auctions, resource allocation, and economic influence

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BD Bernheim… - The quarterly journal of …, 1986 - qje.oxfordjournals.org
Abstract In many examples of competitive bidding (eg, government construction contracting)
the relevant object is either partially divisible or ill-defined, in contrast to much of the recent
theoretical work on auctions. In this paper we consider a more general class of auctions, ...
Cited by 1203 - Related articles - All 7 versions

The strategic bequest motive

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BD Bernheim, A Shleifer… - The Journal of Political Economy, 1985 - JSTOR
Although recent research suggests that intergenerational transfers play an important role in
aggregate capital accumulation, our understanding of bequest motives remains incomplete.
We develop a simple model of strategic bequests in which a testator influences the ...
Cited by 1086 - Related articles - All 10 versions

Rationalizable strategic behavior

[PDF] from yale.edu
BD Bernheim - Econometrica: Journal of the Econometric Society, 1984 - JSTOR
This paper examines the nature of rational choice in strategic games. Although there are
many reasons why an agent might select a Nash equilibrium strategy in a particular game,
rationality alone does not require him to do so. A natural extension of widely accepted ...
Cited by 1078 - Related articles - Get it from MIT Libraries - All 15 versions

Multimarket contact and collusive behavior

BD Bernheim… - The RAND Journal of Economics, 1990 - JSTOR
Traditional analyses of industrial behavior typically link the exercise of market power in an
industry to internal features such as demand conditions, concentration, and barriers-to-entry.
Nevertheless, some economists have remained concerned that external factors, such as ...
Cited by 990 - Related articles - Get it from MIT Libraries - All 12 versions

A theory of conformity

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BD Bernheim - Journal of Political Economy, 1994 - JSTOR
This paper analyzes a model of social interaction in which individuals care about status as
well as" intrinsic" utility (which refers to utility derived directly from consumption). Status is
assumed to depend on public perceptions about an individual's predispositions rather ...
Cited by 957 - Related articles - Get it from MIT Libraries - BL Direct - All 12 versions

Coalition-proof nash equilibria i. concepts

BD Bernheim, B Peleg… - Journal of Economic Theory, 1987 - Elsevier
Abstract In an important class of “noncooperative” environments, it is natural to assume that
players can freely discuss their strategies, but cannot make binding commitments. In such
cases, any meaningful agreement between the players must be self-enforcing. Although ...
Cited by 915 - Related articles - Get it from MIT Libraries - All 8 versions

Common agency

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BD Bernheim… - Econometrica: Journal of the Econometric …, 1986 - JSTOR
We extend the principal-agent framework with risk-neutral principals to situations in which
several principals simultaneously and independently attempt to influence a common agent.
We show that implementation is, in the aggregate, always efficient (cost-minimizing), and ...
Cited by 613 - Related articles - Get it from MIT Libraries - Library Search - All 8 versions

Veblen effects in a theory of conspicuous consumption

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LS Bagwell… - The American Economic Review, 1996 - JSTOR
We examine conditions under which" Veblen effects" arise from the desire to achieve social
status by signaling wealth through conspicuous consumption. While Veblen effects cannot
ordinarily arise when preferences satisfy a" single-crossing property," they may emerge ...
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Incomplete contracts and strategic ambiguity

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BD Bernheim… - American Economic Review, 1998 - JSTOR
Why are observed contracts so often incomplete in the sense that they leave contracting
parties' obligations vague or unspecified? Traditional answers to this question invoke
transaction costs or bounded rationality. In contrast, we argue that such incompleteness is ...
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Ricardian equivalence: An evaluation of theory and evidence

BD Bernheim - 1988 - nber.org
In evaluating the existing theory and evidence on Ricardian equivalence, it is essential to
distinguish between the short run effects of government borrowing (primarily the potential for
stimulating aggregate demand) and the long run effects (primarily the potential for ...
Cited by 435 - Related articles - Library Search - All 9 versions

What accounts for the variation in retirement wealth among US households?

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BD Bernheim, J Skinner… - 1997 - nber.org
Household survey data consistently depict large variations in saving and wealth among
households with similar socio-economic characteristics. Within the context of the life" cycle
hypothesis, families with identical lifetime resources might choose to accumulate" different ...
Cited by 433 - Related articles - BL Direct - All 24 versions

The determinants and consequences of financial education in the workplace: Evidence from a survey of households

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BD Bernheim… - 1996 - nber.org
In recent years, the United States has witnessed significant growth in programs of financial
and retirement education in the workplace. This phenomenon provides an opportunity to
assess the effects of targeted education programs on financial choices. This paper uses a ...
Cited by 378 - Related articles - Library Search - BL Direct - All 47 versions

How strong are bequest motives? Evidence based on estimates of the demand for life insurance and annuities

BD Bernheim - 1992 - nber.org
This paper presents new empirical evidence in support of the view that a significant fraction
of total saving is motivated solely by the desire to leave bequests. Specifically, I find that
Social Security annuity benefits significantly raise life insurance holdings and depress ...
Cited by 360 - Related articles - Library Search - All 16 versions

Addiction and cue-triggered decision processes

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BD Bernheim… - American Economic Review, 2004 - JSTOR
We propose a model of addiction based on three premises:(i) use among addicts is
frequently a mistake;(ii) experience sensitizes an individual to environmental cues that
trigger mistaken usage;(iii) addicts understand and manage their susceptibilities. We ...
Cited by 323 - Related articles - Get it from MIT Libraries - All 34 versions

Education and saving::: The long-term effects of high school financial curriculum mandates

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BD Bernheim, DM Garrett… - Journal of Public Economics, 2001 - Elsevier
Over the last 40 years, a majority of states have adopted consumer education policies, and a
sizable minority have mandated that high school students receive instruction on topics
related to household financial decision-making. In this paper, we attempt to determine ...
Cited by 277 - Related articles - Library Search - BL Direct - All 40 versions

Taxation and saving

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BD Bernheim - Handbook of public economics, 2002 - Elsevier
Abstract In this survey, I summarize and evaluate the extant literature concerning taxation
and personal saving. I describe the theoretical models that economists have used to depict
saving decisions, and I explore the positive and normative implications of these models. ...
Cited by 257 - Related articles - Library Search - BL Direct - All 15 versions

A neoclassical perspective on budget deficits

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BD Bernheim - The Journal of Economic Perspectives, 1989 - JSTOR
I n the 1988 presidential campaign, virtually every serious candidate spoke of the urgent
need to trim government budget deficits. Public opinion polls have identified federal deficits
as a key economic issue, second only to unemployment. 1 While many economists are ...
Cited by 256 - Related articles - All 8 versions

Collective dynamic consistency in repeated games

[PDF] from nyu.edu
B Douglas Bernheim… - Games and Economic Behavior, 1989 - Elsevier
Abstract We formalize the notion of collective dynamic consistency for noncooperative
repeated games. Intuitively, we require that an equilibrium not prescribe any course of action
in any subgame that players would jointly wish to renegotiate, given the restriction that any ...
Cited by 203 - Related articles - Get it from MIT Libraries - All 9 versions

Altruism within the family reconsidered: Do nice guys finish last?

BD Bernheim… - The American Economic Review, 1988 - JSTOR
We criticize the view that altruism either increases the benefits of group interactions or
improves the allocation of resources within families. Altruism can alter the social utility
possibility frontier in surprising and sometimes unfortunate ways. Altruism also often ...
Cited by 224 - Related articles - Get it from MIT Libraries - All 7 versions

Common marketing agency as a device for facilitating collusion

BD Bernheim… - The Rand Journal of Economics, 1985 - JSTOR
In a variety of markets firms voluntarily and independently delegate control over certain
aspects of marketing to common agents. In this article we present an explicit model of
agency delegation where firms noncooperatively select agents, name output prices, and ...
Cited by 224 - Related articles - Get it from MIT Libraries - Library Search - All 9 versions

On the voluntary and involuntary provision of public goods

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BD Bernheim - The American Economic Review, 1986 - JSTOR
This paper extends preexisting results concerning voluntary private funding of public goods.
The assumption that individuals care about the magnitude of their own contributions only
insofar as these contributions affect the aggregate level of expenditures is shown to have ...
Cited by 216 - Related articles - Get it from MIT Libraries - All 9 versions

Do saving incentives work?

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EM Engen, WG Gale, JK Scholz… - Brookings Papers on …, 1994 - JSTOR
AMERICAN SAVING RATES have recently fallen to their lowest levels since 1950. After
averaging roughly 8 percent in the 1950s, 1960s, and 1970s, the net national saving rate fell
to about 4.5 percent in the 1980s and has fallen below 2 percent since 1990.'The personal ...
Cited by 200 - Related articles - BL Direct - All 7 versions

[CITATION] Financial illiteracy, education, and retirement saving

BD Bernheim - Pension Research Council Working Papers, 1998 - econpapers.repec.org
By B. Douglas Bernheim; Financial Illiteracy, Education, and Retirement Saving.
Cited by 179 - Related articles - Cached - All 3 versions

[PDF] Private saving and public policy

[PDF] from nber.org
BD Bernheim… - 1993 - nber.org
EXECUTIVE SUMMARY The evidence presented in this paper supports the view that many
Americans, particularly those without a college education, save too little. Our analysis also
indicates that it should be possible to increase total personal saving among lower income ...
Cited by 171 - Related articles - View as HTML - Library Search - BL Direct - All 13 versions

The effects of financial education in the workplace: Evidence from a survey of employers

[PDF] from duke.edu
PJ Bayer, BD Bernheim… - 1996 - nber.org
We examine the effects of education on financial decision-making skills by identifying an
interesting source of variation in pertinent training. During the 1990s, an increasing number
of individuals were exposed to programs of financial education provided by their ...
Cited by 154 - Related articles - Library Search - BL Direct - All 41 versions

Social image and the 50–50 norm: a theoretical and experimental analysis of audience effects

[PDF] from ucsd.edu
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J Andreoni… - Econometrica, 2009 - Wiley Online Library
A norm of 50–50 division appears to have considerable force in a wide range of economic
environments, both in the real world and in the laboratory. Even in settings where one party
unilaterally determines the allocation of a prize (the dictator game), many subjects ...
Cited by 152 - Related articles - All 12 versions

Tax policy and the dividend puzzle

[PDF] from msu.edu
BD Bernheim - 1990 - nber.org
In addition to providing an explanation for the dividend puzzle, I also derive a number of
strong, and somewhat surprising results concerning corporate payout decisions. Generally,
dividend payments rise monotonically with firm quality. In contrast, the relationship ...
Cited by 141 - Related articles - Library Search - BL Direct - All 14 versions

A tax-based test of the dividend signaling hypothesis

[PDF] from msu.edu
BD Bernheim… - 1992 - nber.org
We propose and implement a new test of the dividend signaling hypothesis that is designed
to discriminate between dividend signaling and other theories that would account for the
apparent existence of a dividend preference. Our test refines the use of data on stock price ...
Cited by 141 - Related articles - Library Search - BL Direct - All 14 versions

Behavioral public economics: Welfare and policy analysis with non-standard decision-makers

[PDF] from stanford.edu
BD Bernheim… - 2005 - nber.org
This paper has two goals. First, we discuss several emerging approaches to applied welfare
analysis under non-standard (" behavioral") assumptions concerning consumer choice. This
provides a foundation for Behavioral Public Economics. Second, we illustrate applications ...
Cited by 140 - Related articles - Library Search - BL Direct - All 30 versions

Beyond revealed preference: choice theoretic foundations for behavioral welfare economics

[PDF] from oxfordjournals.org
BD Bernheim… - 2008 - nber.org
We propose a broad generalization of standard choice-theoretic welfare economics that
encompasses a wide variety of non-standard behavioral models. Our approach exploits the
coherent aspects of choice which those positive models typically attempt to capture. It ...
Cited by 141 - Related articles - Library Search - BL Direct - All 45 versions

[PDF] Dissaving after retirement: Testing the pure life cycle hypothesis

[PDF] from nber.org
BD Bernheim - 1987 - nber.org
Does wealth typically decline after retirement '? Despite much recent research, this
deceptively simple question has remained controversial. Previous investigators seem evenly
divided on the issue of whether elderly individuals save or dissave, and no consensus ...
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Bequests as signals: An explanation for the equal division puzzle

[PDF] from stanford.edu
BD Bernheim… - 2000 - nber.org
In the United States, more than two-thirds of decedents with multichild families divide their
estates exactly equally among their children. In contrast, intra vivos gifts are usually unequal.
These findings challenge the validity of existing theories regarding the determination of ...
Cited by 124 - Related articles - Library Search - BL Direct - All 25 versions

Coalition-proof Nash equilibria II. applications

BD Bernheim… - Journal of Economic Theory, 1987 - Elsevier
Abstract In Bernheim, Peleg, and Whinston (“Coalition-Proof Equilibria. I. Concepts,” J. Econ.
Theory 42 (1987), 1–12), we proposed the notion of Coalition-Proof Nash equilibrium and
Perfectly Coalition-Proof Nash equilibrium as solution concepts for strategic environments ...
Cited by 109 - Related articles - Get it from MIT Libraries - All 6 versions

[CITATION] Is the Baby-boom Generation Preparing Adequaltly for Retirement?

BD Bernheim - 1993 - Merrill Lynch
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Strategic deterrence of sequential entry into an industry

BD Bernheim - The Rand Journal of Economics, 1984 - JSTOR
Industrial entry deterrence is typically studied in a setting where an established firm or firms
confront and attempt to deter a single potential competitor. During the evolution of most
industries, however, a sequence of firms enters (or attempts to enter) at distinct points in ...
Cited by 102 - Related articles - Get it from MIT Libraries - All 9 versions

Axiomatic characterizations of rational choice in strategic environments

BD Bernheim - The Scandinavian Journal of Economics, 1986 - JSTOR
For more than forty years, economists have wrestled with the elusive notion of" rational"
behavior in strategic environments, generating a variety of competing approaches. Even for
simple, simultaneous move games, four distinct solution concepts, including the notions of ...
Cited by 90 - Related articles - Get it from MIT Libraries - All 5 versions

The timing of retirement: A comparison of expectations and realizations

BD Bernheim - 1987 - nber.org
In this paper, I employ data drawn from the Social Security Administration's Retirement
History Survey (RHS) to study the accuracy of expectations concerning the timing of
retirement. The RHS is ideally suited for this purpose, in that it collects information on ...
Cited by 85 - Related articles - Library Search - All 9 versions

[PDF] Pension funding and saving

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BD Bernheim… - 1988 - nber.org
The private saving rate in the United States in 1984 has to be considered disappointing.
After the enactment of a large number of policies to make investment/saving more rewarding
(such as liberalized Individual Retirement Accounts and Keogh Plans, the special tax ...
Cited by 79 - Related articles - View as HTML - Library Search - All 10 versions

The economic effects of social security:: Toward a reconciliation of theory and measurement

Full text - MIT Libraries
BD Bernheim - Journal of Public Economics, 1987 - Elsevier
Abstract In this paper we argue that actuarial valuation of Social Security benefit streams is
theoretically inconsistent with the assumption of pure life cycle motives. Instead, we show
that the simple discounted value of future benefits (ignoring the possibility of death) is ...
Cited by 81 - Related articles - All 6 versions

[PDF] Does the Estate Tax Raise Revenue?

[PDF] from nber.org
BD Bernheim - 1987 - nber.org
Proponents of tranfer taxation argue that well-designed levies on estates and gifts serve two
primary objectives. First, such taxes may promote an equitable distribution of economic
resources by breaking up large con-centrations of wealth. Yet many commentators have ...
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[CITATION] Personal saving, information, and economic literacy: new directions for public policy

BD Bernheim - Tax Policy for Economic Growth …, 1994 - Washington, DC: American Council …
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Social Security benefits: An empirical study of expectations and realizations

BD Bernheim - 1987 - nber.org
I employ data drawn from the Retirement History Survey to study the accuracy of pre-
retirement expectations concerning social security benefits. The major findings of this study
are as follows. First, survey responses to questions about expected benefits are ...
Cited by 68 - Related articles - Library Search - All 8 versions

Economic growth with intergenerational altruism

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BD Bernheim… - The Review of Economic Studies, 1987 - restud.oxfordjournals.org
Abstract We consider the properties of equilibrium behaviour in an aggregative growth
model with intergenerational altruism. Various positive properties such as the cyclicity of
equilibrium programs, and the convergence of equilibrium stocks to a steady state, are ...
Cited by 61 - Related articles - All 6 versions

Toward choice-theoretic foundations for behavioral welfare economics

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BD Bernheim… - The American economic review, 2007 - JSTOR
Interest in behavioral economics has grown in recent years, stimulated largely by
accumulating evidence that the standard model of consumer decision making provides an
inadequate, positive description of human behavior. Behavioral models are increasingly ...
Cited by 61 - Related articles - BL Direct - All 28 versions

[PDF] Budget deficits and the balance of trade

[PDF] from nber.org
BD Bernheim - 1988 - nber.org
The object of this chapter is to identify historical relationships between fiscal policy and the
current account for the United States and five of its major trading partners. I attempt to
provide some measures of the extent to which variations in budget deficits explain ...
Cited by 58 - Related articles - View as HTML - All 7 versions

Addiction and cue-conditioned cognitive processes

[PDF] from 192.5.14.43
BD Bernheim… - 2002 - nber.org
We propose an economic theory of addiction based on the premise that cognitive
mechanisms such as attention affect behavior independently of preferences. We argue that
the theory is consistent with foundational evidence (eg from neurosciencee and ...
Cited by 51 - Related articles - Library Search - BL Direct - All 21 versions

The power of the last word in legislative policy making

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BD Bernheim, A Rangel… - Econometrica, 2006 - Wiley Online Library
We examine legislative policy making in institutions with two empirically relevant features:
agenda setting occurs in real time and the default policy evolves. We demonstrate that these
institutions select Condorcet winners when they exist, provided a sufficient number of ...
Cited by 51 - Related articles - BL Direct - All 18 versions

Social Security and personal saving: An analysis of expectations

Full text - MIT Libraries
BD Bernheim… - The American Economic Review, 1989 - JSTOR
Roughly fifteen years ago, Martin Feldstein (1974) published an influential empirical study,
in which he claimed that Social Security significantly depresses private saving. His findings
were, from the first, highly controversial. Despite the subsequent appearance of numerous ...
Cited by 46 - Related articles - All 7 versions

Do estate and gift taxes affect the timing of private transfers?

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BD Bernheim, RJ Lemke… - Journal of Public Economics, 2004 - Elsevier
Proposals to alter the estate tax are contentious and have been considered largely in an
empirical vacuum. This paper examines time series and cross-sectional variation to identify
the effects of estate and gift taxation on the timing of private transfers. The analysis is ...
Cited by 45 - Related articles - Library Search - BL Direct - All 14 versions

A note on dynamic tax incidence

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BD Bernheim - The Quarterly Journal of Economics, 1981 - qje.oxfordjournals.org
Abstract Under certain reasonable conditions for a growth model, the path of adjustment
between steady states generated by a change in an exogenous policy variable is solved for
explicitly. The overall welfare effect is then shown to be a weighted average of the short- ...
Cited by 44 - Related articles - All 6 versions

The mismatch between life insurance holdings and financial vulnerabilities: evidence from the Health and Retirement Study

[PDF] from bu.edu
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BD Bernheim, L Forni, J Gokhale… - The American Economic …, 2003 - JSTOR
This study examines life insurance holdings and financial vulnerabilities among couples
approaching retirement age. Two separate concerns motivate our analysis. First, there are
reasons to suspect that life insurance coverage may be poorly correlated with underlying ...
Cited by 45 - Related articles - Library Search - BL Direct - All 44 versions

How much should Americans be saving for retirement?

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BD Bernheim, L Forni, J Gokhale… - The American Economic …, 2000 - JSTOR
How much should Americans save as they approach retirement? This is a critical question
for any generation in its 40's and 50's. But it is particularly apt for baby boomers, given that
their future Social Security income is so uncertain. This uncertainty reflects the perilous ...
Cited by 40 - Related articles - Library Search - BL Direct - All 21 versions

Intergenerational altruism, dynastic equilibria and social welfare

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BD Bernheim - The Review of Economic Studies, 1989 - restud.oxfordjournals.org
Abstract The purpose of this paper is to explore the welfare properties of dynastic equilibria.
There are three central findings. First, under relatively weak conditions, welfare optima
cannot be implemented as dynastic equilibria with positive levels of transfers. Second, ...
Cited by 40 - Related articles - All 6 versions

[CITATION] The vanishing nest egg: Reflections on saving in America

BD Bernheim - 1991 - getcited.org
An academic directory and search engine.
Cited by 39 - Related articles - Cached - Get it from MIT Libraries - All 3 versions

[CITATION] The adequacy of personal retirement saving: Issues and options

BD Bernheim - Facing the age wave, 1997 - Stanford, CA: Hoover Institute Press
Cited by 38 - Related articles

Fiscal policy with impure intergenerational altruism

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AB Abel… - 1992 - nber.org
Recent work demonstrates that dynastic assumptions guarantee the irrelevance of all
redistributional polices, distortionary taxes, and prices--the neutrality of fiscal policy
(Ricardian equivalence) is only the" tip of the iceberg." In this paper, we investigate the ...
Cited by 35 - Related articles - All 14 versions

[CITATION] Taxation and the cost of capital: An international comparison

BD Bernheim… - The consumption tax: A …, 1987 - Cambridge, MA: Ballinger
Cited by 34 - Related articles

[PDF] How do the elderly form expectations? An analysis of responses to new information

[PDF] from nber.org
BD Bernheim - 1990 - nber.org
A large fraction of the existing work on the economics of aging and the retirement period
procedes on the basis of life-cycle assumptions, which hold that individuals form very
rational and deliberate long-range plans. Implicit in these assumptions is the notion that ...
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[CITATION] Comparison of the Cost of Capital in the US and Japan: The Roles of Risk and Taxes

BD Bernheim… - 1989 - Center for Economic Policy …
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The strategic bequest motive

BD Bernheim, A Shleifer… - Journal of Labor Economics, 1986 - JSTOR
Although recent research suggests that intergenerational transfers play an important role in
aggregate capital accumulation, our understanding of bequest motives remains incomplete.
We develop a simple model of strategic bequests in which a testator influences the ...
Cited by 33 - Related articles - Get it from MIT Libraries - All 7 versions

Behavioral welfare economics

[PDF] from microhse.pp.ru
BD Bernheim - 2008 - nber.org
This paper discusses several competing proposals for general normative frameworks that
would encompass non-standard models of choice. Most existing proposals equate welfare
with well-being. Some assume that well-being flows from the achievement of well-defined ...
Cited by 32 - Related articles - Library Search - All 16 versions

The effects of financial education in the workplace: Evidence from a survey of employers

[PDF] from wisc.edu
Full text - MIT Libraries
PJ Bayer, BD Bernheim… - Economic Inquiry, 2009 - Wiley Online Library
We examine the effects of education on financial decision-making skills by identifying an
interesting source of variation in pertinent training. During the 1990s, an increasing number
of individuals were exposed to programs of financial education provided by their ...
Cited by 33 - Related articles - All 15 versions

[CITATION] The Merrill Lynch baby boom retirement index: Update'95

BD Bernheim - Princeton, NJ: Merrill Lynch, 1995
Cited by 31 - Related articles

Markov perfect equilibria in altruistic growth economies with production uncertainty

[PDF] from psu.edu
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BD Bernheim… - Journal of Economic Theory, 1989 - Elsevier
Abstract This paper concerns the existence of Markov perfect equilibria in altruistic growth
economies. Previous work on deterministic models has established existence only under
extremely restrictive conditions. We show that the introduction of production uncertainly ...
Cited by 29 - Related articles - Library Search - All 12 versions

[PDF] Social image and the 50-50 norm

[PDF] from ucsd.edu
J Andreoni… - 2007 - econ.ucsd.edu
Abstract A norm of 50-50 division appears to have considerable force in a wide range of
economic environments, both in the real world and in the laboratory. Even in settings where
one party unilaterally determines the allocation of a prize (the dictator game), many ...
Cited by 26 - Related articles - View as HTML - All 10 versions

[PDF] Introduction to" National Saving and Economic Performance"

[PDF] from nber.org
BD Bernheim… - 1991 - nber.org
According to official government figures, rates of saving in the United States declined
precipitously during the 1980s and are currently much lower than in any other comparable
period of our history. During the second half of the last decade, net national savings ...
Cited by 25 - Related articles - View as HTML - Library Search - All 8 versions

Memory and anticipation

[PDF] from stanford.edu
Full text - MIT Libraries
BD Bernheim… - The Economic Journal, 2005 - Wiley Online Library
The introduction of memory imperfections into models of economic decision making creates
a natural role for anticipatory emotions. Their combination has striking behavioural
implications. The paper first shows that agents can rationally select apparently dominated ...
Cited by 25 - Related articles - All 25 versions

Bequests as a Means of Payment

BD Bernheim, A Shleifer… - 1986 - nber.org
Although recent research suggests that intergenerational transfers play an important role in
aggregate capital accumulation, our understanding of bequest motives remains incomplete.
We develop a simple model of" exchange-motivated" bequests, in which a testator ...
Cited by 26 - Related articles - Library Search - All 9 versions

[CITATION] Household financial planning and financial literacy

LJ Kotlikoff… - ECDAys on saving, bequests, altruism, and life-cycle …, 2001
Cited by 25 - Related articles

[PDF] Incentive Effects of the Corporate Alternative Minimum Tax

[PDF] from nber.org
BD Bernheim - 1989 - nber.org
The Tax Reform Act (TRA) of 1986 embraced fundamental and far-reaching changes to the
US system of personal and corporate income taxation. These changes were motivated by a
desire to reduce the distortionary impact of taxation on economic activity and to promote a ...
Cited by 24 - Related articles - View as HTML - All 7 versions

[PDF] NEUROECONOMICS: A SOBER--BUT HOPEFUL--APPRAISAL

[PDF] from lrz.de
BD Bernheim - NBER Working Paper Series, 2008 - lrz.de
ABSTRACT This paper evaluates the prospects for the emerging field of neuroeconomics to
shed light on traditional positive and normative economic questions. It argues that the
potential for meaningful contributions, though often misunderstood and frequently ...
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[CITATION] A Theoretical Analysis of Economic Organization in the Life Insurance Industry

BD Bernheim - CEPR Technical Paper, 1987
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The mismatch between life insurance holdings and financial vulnerabilities: evidence from the Survey of Consumer Finances

[PDF] from psu.edu
BD Bernheim, KG Carman, J Gokhale… - 2001 - nber.org
Using the 1995 Survey of Consumer Finances and an elaborate life-cycle model, we
quantify the potential financial impact of each individual's death on his or her survivors, and
we measure the degree to which life insurance moderates these consequences. Life ...
Cited by 21 - Related articles - Library Search - BL Direct - All 13 versions

[BOOK] How Much Value Do Real Estate Brokers Add?: A Case Study

[PDF] from stanford.edu
BD Bernheim, J Meer… - 2008 - www-siepr.stanford.edu
ABSTRACT Sales commissions for residential real estate brokers historically average nearly
six percent of a home's closing price. Do brokers add sufficient value to justify those
commissions? We address this question using a unique data set pertaining to sales of ...
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[CITATION] Altruistic Growth Economies: I. Existence of Bequest Equilibria

BD Bernheim… - IMSSS DP, 1983
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The Adequacy of Life Insurance: Evidence from the Health and Retirement Survey

[PDF] from psu.edu
BD Bernheim, L Forni, J Gokhale… - 1999 - nber.org
This study examines the adequacy of life insurance among married American couples
approaching retirement. It improves upon previous work in two ways. First, it is based on
recent, high quality data (the 1992 Health and Retirement Survey with matched Social ...
Cited by 19 - Related articles - Library Search - BL Direct - All 17 versions

[CITATION] Comments and discussion

Full text - MIT Libraries
BD Bernheim - Brookings Papers on Economic Activity, 1994
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[PDF] Consumption taxation in a general equilibrium model: How reliable are simulation results?

[PDF] from nber.org
BD Bernheim, JK Scholz… - 1991 - nber.org
For years, various economists have argued that the taxation of capital income has a variety
of detrimental effects, including the distortion of intertemporal decision making and the
reduction of saving and capital accumulation. Many have called upon policymakers to ...
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Repeated games with asymptotically finite horizons

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BD Bernheim… - Journal of Economic Theory, 1995 - Elsevier
We study a class of repeated games in which the discount factor falls asymptotically to zero
through time (reflecting, for example, a vanishing probability of continuation). For an
important class of stage games, we give a condition on the sequence of discount factors ...
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[CITATION] The scope of competition in telecommunications

BD Bernheim… - 1996
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Optimal money burning: Theory and application to corporate dividends

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BD Bernheim… - Journal of Economics & …, 2001 - Wiley Online Library
We explore signaling behavior in settings with a discriminating activity and several costly
nondiscriminating (“money-burning”) activities. Existing theory provides no basis for
selecting one method of burning money over another. When senders have better ...
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[CITATION] Choice-theoretic foundations for behavioral welfare economics

BD Bernheim… - The Methodologies of Modern Economics. Oxford …, 2008
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[CITATION] Is everything neutral?

K Bagwell… - Journal of Political, 1988
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[CITATION] The Merrill Lynch Baby Boom Retirement Index

BD Bernheim - Summary Report, 1994
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Comparable worth in a general equilibrium model of the US economy

PC Beider, BD Bernheim, VR Fuchs… - 1986 - nber.org
This paper presents a computable general equilibrium model that simulates the effects on
employment, output, wages, and economic efficiency of introducing comparable worth into
the US economy. The model calculates economy-wide aggregate impacts and ...
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[PDF] Saving and Life Insurance Holdings at Boston University–A Unique Case Study

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BD Bernheim, S Berstein, J Gokhale… - Central Bank of Chile …, 2002 - Citeseer
Abstract This study examines the saving and insurance behavior of 386 Boston University
employees who volunteered to receive financial planning based on ESPlanner (Economic
Security Planner)–a detailed life-cycle financial planning model developed by Economic ...
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[CITATION] Beyond Revealed Preferences: Choice Theoretic Foundations for Behavioral Welfare Economics

BD Bernheim, A Rangel… - 2008 - National Bureau of Economic …
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A solution concept for majority rule in dynamic settings

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BD Bernheim… - Review of Economic Studies, 2009 - Wiley Online Library
We define and explore the notion of a Dynamic Condorcet Winner (DCW), which extends the
notion of a Condorcet winner to dynamic settings. We show that, for every DCW, every
member of a large class of dynamic majoritarian games has an equivalent equilibrium, ...
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[CITATION] The Manipulative Bequest Motive

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BD Bernheim, A Shleifer… - Journal of Political Economy, 1985
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100 years of the American Economic Review: The top 20 articles

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KJ Arrow, BD Bernheim, MS Feldstein… - The American …, 2011 - ingentaconnect.com
Abstract: This paper presents a list of the top 20 articles published in the American Economic
Review during its first 100 years. This list was assembled in honor of the AER's one-
hundredth anniversary by a group of distinguished economists at the request of AER's ...
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Are life insurance holdings related to financial vulnerabilities?

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BD Bernheim, KG Carman, J Gokhale… - Economic …, 2003 - Wiley Online Library
Using the 1995 Survey of Consumer Finances and an elaborate life-cycle model, we
quantify the potential financial impact of each individual's death on his or her survivors and
measure the degree to which life insurance moderates these consequences. Life ...
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[CITATION] Behavioral public economics: welfare and policy analysis with fallible decision-makers

BD Bernheim… - Institutions and Behavioral Economics (Princeton: …, 2005
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[CITATION] The Crisis in Deposit Insurance: Issues and Options

BD Bernheim - Association of Reserve City Bankers, Capital Issues in …, 1988
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[CITATION] Private pensions and household saving

BD Bernheim… - Manuscript. Madison: Univ. Wisconsin, 1993
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[CITATION] Anticompetitive exclusion and foreclosure through vertical agreements

BD Bernheim… - 1999 - CORE
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[CITATION] Emotions, Cognition, and Savings: Theory and Policy

BD Bernheim… - 2003 - Mimeo, Stanford University
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[CITATION] Debraj Ray, and Sevin Yeltekin (1999),“Self-Control, Saving, and the Low Asset Trap,”

BD Bernheim - mimeo, Stanford University
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Conspicuous Consumption, Pure Profits, and the Luxury Tax

LS Bagwell… - 1996 - nber.org
We examine a model of conspicuous consumption and explore the nature of competition in
markets for conspicuous goods. We assume that, in addition to intrinsic utility, individuals
seek status, and that perceptions of wealth affect status. Under identifiable conditions, the ...
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[CITATION] Cartel-Proof Nash Equilibria, II Applications

BD Bernheim, B Peleg… - Journal of Economic Theory, 1987
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Comparing the cost of capital in the United States and Japan

BD Bernheim, JB Shoven… - Technology and the …, 1992 - books.google.com
As Michael Boskin and Lawrence Lau have noted in this volume, almost two-thirds of
technical progress requires new physical investment. For a satisfactory rate of productivity
growth, an economy must be competitive with respect to its net and gross rates of national ...
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