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

Résumé

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.

Mots-clés

Référence

Géraldine Bocquého, Florence Jacquet et Arnaud Reynaud, « Reversal and magnitude effects in long-term timepreferences: Results from a field experiment », Economics Letters, Elsevier, vol. 120, n° 1, juillet 2013, p. 108–111.