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Optimal Audit Policy and Heterogenous Agents
Ratto, Marisa; Vergé, Thibaud - EconWPA - 2003
Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...
Persistent link: https://www.econbiz.de/10005412503
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Gains and losses: the same or different choices? A “non-ideal” economics approach.
Harin, Alexander - EconWPA - 2005
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
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Optimization of Risk Exposure
Gretchikha, Alexei - EconWPA - 2002
Risk exposure can be efficiently optimized in practical situations, using a new apporach to identification of investor's risk aversion.
Persistent link: https://www.econbiz.de/10005134885
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Asymmetric loss utility: an analysis of decision under risk
Strashny, Alex - EconWPA - 2004
This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation in some cases. The model resolves several paradoxes and makes easily falsifiable...
Persistent link: https://www.econbiz.de/10005118544
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Asymmetric loss utility: an analysis of decision under risk
Strashny, Alex - EconWPA - 2004
This paper develops a utility model for evaluating lotteries. In estimating utility, risk averse people use an asymmetric loss function. Expected utility is seen as a special case that is a good approximation of the general case in some cases. The model resolves several paradoxes and makes...
Persistent link: https://www.econbiz.de/10005118587
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Sons of Something: Taxes, Lawsuits and Local Political Control in Sixteenth Century Castile
Drelichman, Mauricio - EconWPA - 2005
The widespread ennoblement of the Spanish bourgeoisie in the sixteenth century has been traditionally considered one of the main causes of Iberian decline. I document and quantify the surge in ennoblement through a new time series of nobility cases preserved in the Archive of the Royal Chancery...
Persistent link: https://www.econbiz.de/10005125846
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Why Every Economist Should Learn Some Auction Theory
Klemperer, Paul - EconWPA - 2000
This is an Invited paper for the World Congress of the Econometric Society held in Seattle in August 2000. We discuss the strong connections between auction theory and "standard" economic theory, and argue that auction-theoretic tools and intuitions can provide useful arguments and insights in a...
Persistent link: https://www.econbiz.de/10005135125
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Punitive Damages and the Processing of Tort Claims
Eaton, Thomas A.; Mustard, David B.; Talarico, Susette M. - EconWPA - 2005
Punitive damages are one of the most controversial aspects of tort litigation and have been the subject of various … litigation processes. In particular, Polinsky (1997) argues that the uncertainty and unpredictability that punitive damage claims …. With one of the largest and most comprehensive data sets of tort litigation (over 25,000 cases filed from 1994 through 1997 …
Persistent link: https://www.econbiz.de/10005076635
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How Do Criminals Locate? Crime and Spatial Dependence in Minas Gerais
Puech, Frédéric - EconWPA - 2005
The aim of this paper is to investigate the existence of a spatial dependence of crime rates at a local level in the case of municipalities of Minas Gerais, one of the 26 Brazilian states. Results suggest the existence of a positive spatial autocorrelation of municipal violent crime rates....
Persistent link: https://www.econbiz.de/10005556225
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Unofficial Dollarization in Latin America: Currency Substitution, Network Externalities and Irreversibility
Feige, Edgar L.; Šošiæ, Vedran; Faulend, Michael; … - EconWPA - 2002
We examine the extent, causes and consequences of the use of foreign currency as a co-circulating medium of exchange and store of value in Latin America. Using new estimates of the amount of foreign currency in circulation in the form of US dollars, we obtain unique measures of currency...
Persistent link: https://www.econbiz.de/10005556619