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Tax liability side equivalence in experimental posted-offer markets

Borck, Rainald; Engelmann, Dirk; Müller, Wieland; … - 2000

In theory, the incidence of a tax should be independent of which side of the market it is levied on. This principle of liability side equivalence underlies virtually all theories of tax incidence. Policy discussions, however, tend to place great emphasis on the legal division of tax payments. We...

Persistent link: https://www.econbiz.de/10009582390

The local power of some unit root tests for panel data

Breitung, Jörg - 1999

do not require a bias correction. The results of a Monte Carlo experiment suggest that avoiding the bias can improve the … (1993) and Im, Pesaran and Shin (1997) suggest bias adjusted t-statistics. Such corrections are necessary to account for the … affected by two different terms. The first term represents the asymptotic effect on the bias due the detrending method and the …

Persistent link: https://www.econbiz.de/10009581103

Measurement error, biases, and the validation of complex models

Carroll, Raymond J.; Galindo, Christian D. - 1997

There are three major points to this article: 1. Measurement error causes biases in regression fits. The line one would obtain if one could accurately measure exposure to environmental lead media will differ in important ways when one measures exposure with error. 2. The effects of measurement...

Persistent link: https://www.econbiz.de/10009631751

Fairness versus efficiency : an experimental study of (mutual) gift giving

Güth, Werner; Kliemt, Hartmut; Ockenfels, Axel - 2000

provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own …

Persistent link: https://www.econbiz.de/10009612570

The relevance of equal splits : on a behavioral discontinuity in ultimatum games

Güth, Werner; Huck, Steffen; Müller, Wieland - 1998

The findings on the ultimatum game are considered as belonging to the most robust experimental results. In this paper we present a slightly altered version of the mini ultimatum game of Bolton and Zwick (1995). Whereas in the latter exactly equal splits were feasible in our games these were...

Persistent link: https://www.econbiz.de/10009574884

Maximization of empirical Shannon information in testing significant variables of linear model

Malyutov, M.; Sadaka, H. - 1998

Search for an unknown set A,Card(A) = s, of significant variables of a linear model with random IID discrete binary carriers and finitely supported IID noise is studied. Two statistics T1, Ts, based on maximization of Shannon Information (SI) of the corresponding classes of joint empirical...

Persistent link: https://www.econbiz.de/10009574888

A psychological approach to individual differences in intertemporal consumption patterns

Brandstätter, Hermann; Güth, Werner - 1998

When people decide about saving and consumption across the various periods of their life time they take into account their life expectancy when comparing present and future needs and resources for satisfying them. The experimental design, applied at two sites (Humboldt-University at Berlin and...

Persistent link: https://www.econbiz.de/10009578010

Presents or investments? : an experimental analysis

Genîzî, Ûrî; Güth, Werner; Verboven, Frank - 1998

design an experiment to study whether such commodity transfers can be viewed as investments based on trust and reciprocity …, or whether they rather resemble presents with distributional intentions. Our experiment essentially modifies Berg et al …

Persistent link: https://www.econbiz.de/10009578011

Employment duration and resistance to wage reductions : experimental evidence

Burda, Michael C.; Güth, Werner; Kirchsteiger, Georg; … - 1998 - Rev.

employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … lower competitive wage in the second phase of an employment relationship that is known to both parties. The experiment casts …

Persistent link: https://www.econbiz.de/10009578579

Co-evolution of preferences and information in simple games of trust

Güth, Werner; Kliemt, Hartmut; Peleg, Bezalel - 1998

In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...

Persistent link: https://www.econbiz.de/10009578580