Economics at your fingertips  

Reversal and magnitude effects in long-term time preferences: Results from a field experiment

Géraldine Bocquého (), Florence Jacquet () and Arnaud Reynaud ()

Economics Letters, 2013, vol. 120, issue 1, 108-111

Abstract: We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which contradicts the usual magnitude effect finding.

Keywords: Time preferences; Experimental economics; Discounting; Farmers; France (search for similar items in EconPapers)
JEL-codes: C93 D9 Q12 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Reversal and magnitude effects in long-term time preferences: results from a field experiment (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.econlet.2013.04.006

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2022-07-26
Handle: RePEc:eee:ecolet:v:120:y:2013:i:1:p:108-111