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Peeters, R.J.A.P.; Potters, J.A.M. - Tilburg University, Center for Economic Research - 1999

Standard game-theoretic solution concepts do not guarantee meaningful commu- nication in cheap-talk games. In this paper, we define a solution concept which guarantees communication for a large class of games by designing a behavior pro- tocol which the receiver uses to judge messages sent by...

Persistent link: https://www.econbiz.de/10011091286

Pollution Standards, Costly Monitoring and Fines

Arguedas, C. - Tilburg University, Center for Economic Research - 2005

We investigate the features of optimal regulatory policies composed of pollution standards and probabilities of inspection, where fines for non-compliance depend not only on the degree of violation but alson on nongravity factors.We show that optimal policies can induce either compliance or...

Persistent link: https://www.econbiz.de/10011091942

Optimal Environmental Standards under Asymmetric Information and Imperfect Enforcement

Arguedas, C. - Tilburg University, Center for Economic Research - 2005

We study optimal policies composed of pollution standards, probabilities of inspection and fines dependant on the degree of noncompliance with the standards, in a context where regulated firms own private information.In contrast with previous literature, we show that optimal policies, being...

Persistent link: https://www.econbiz.de/10011092086

Campaign Advertising and Voter Welfare

Prat, A. - Tilburg University, Center for Economic Research - 1997

This paper investigates the role of campaign advertising and the opportunity of legal restrictions on it. An electoral … race is modeled as a signalling game with three classes of players: a continuum of voters, two candidates, and one interest … receive on non-directly informative advertising. This paper shows that: (1) A separating equilibrium exists in which the group …

Persistent link: https://www.econbiz.de/10011091643

In Litigation : How Far do the “Haves” Come Out Ahead

Zhou, Jun - Tilburg University, Center for Economic Research - 2007

This paper studies the consequences of asymmetric litigation costs. Under three differ- ent protocols: static legal process, dynamic legal process with exogenous sequencing and dynamic legal process with endogenous sequencing, solutions are obtained for the litigation efforts and the expected...

Persistent link: https://www.econbiz.de/10011090563

The WTO Dispute Settlement System : A First Assessment from an Economic Perspective

Butler, M.; Hauser, H. - Tilburg University, Center for Economic Research - 2000

We explore the incentives countries face in trade litigation within the new WTO Dispute Settlement System. Our analysis yields a number of interesting predictions. First, because sanctions are ruled out during the litigation process, the Dispute Settlement System does not preclude all new trade...

Persistent link: https://www.econbiz.de/10011092058

Internal and External Discipline Following Securities Class Actions

Humphery-Jenner, M. - Tilburg University, Center for Economic Research - 2011

Companies are sometimes accused of misleading the market. The SEC can punish this with enforcement actions. Alternatively, shareholders can seek redress through a shareholder class action (SCA). While some literature has examined SEC actions, it has not examined SCAs, and has not examined...

Persistent link: https://www.econbiz.de/10011092569

Individual perceptions of local crime risk

Salm, Martin; Vollaard, B.A. - Tilburg University, Center for Economic Research - 2014

We provide evidence that perceptions of crime risk are severely biased for many years after a move to a new neighborhood. Based on four successive waves of a large crime survey, matched with administrative records on household relocations, we find that the longer an individual lives in a...

Persistent link: https://www.econbiz.de/10011096862

The Long and Winding Road to Cannabis Legalization

van Ours, Jan - Tilburg University, Center for Economic Research - 2011

In almost all countries supply, distribution and use of cannabis is prohibited. Nevertheless, cannabis is the most popular illicit drug. Prohibition does not seem to work. The debate on legalization of cannabis is often emotional with strong views of both proponents and opponents but ignorance...

Persistent link: https://www.econbiz.de/10011090296

The Power of a Bad Example – A Field Experiment in Household Garbage Disposal (Revision of CentER DP 2013-018)

Dur, R.; Vollaard, B.A. - Tilburg University, Center for Economic Research - 2013

Abstract: Field-experimental studies have shown that people litter more in more littered environments.Inspired by these findings, many cities around the world have adopted policies to quickly remove litter. While such policies may avoid that people follow the bad example of litterers, they may...

Persistent link: https://www.econbiz.de/10011090473

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