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Voters' Commitment Problem and Welfare-Program Reforms

Hollanders, D.A.; Vis, B. - Tilburg University, Center for Economic Research - 2009

This paper proposes that reforms by vote-seeking governments and the existence of reform-adverse voters are logically compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to reelect a non-reforming government during a...

Persistent link: https://www.econbiz.de/10011092149

Cognitive Procedures and Hyperbolic Discounting

Nir, A. - Tilburg University, Center for Economic Research - 2004

"Hyperbolic discount functions are characterized by a relatively high discount rate over short horizons and a relatively low discount rate over long horizons" (Laibson 1997).We suggest two cognitive procedures where individuals perceive future utility as decreasing at a decreasing rate as a...

Persistent link: https://www.econbiz.de/10011090635

Two-Step Sequential Sampling

Moors, J.J.A.; Strijbosch, L.W.G. - Tilburg University, Center for Economic Research - 2000

Deciding upon the optimal sample size in advance is a difficult problem in general. Often, the investigator regrets not having drawn a larger sample; in many cases additional observations are done. This implies that the actual sample size is no longer deterministic; hence, even if all sample...

Persistent link: https://www.econbiz.de/10011091204

Unbiased Tail Estimation by an Extension of the Generalized Pareto Distribution

Beirlant, J.; Joossens, E.; Segers, J. - Tilburg University, Center for Economic Research - 2005

AMS classifications: 62G20; 62G32;

Persistent link: https://www.econbiz.de/10011092196

Relationships as Commitment Devices : Strategic Silence

Nir, A. - Tilburg University, Center for Economic Research - 2004

People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...

Persistent link: https://www.econbiz.de/10011092398

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

Can I use a Panel? Panel Conditioning and Attrition Bias in Panel Surveys

Das, Marcel; van soest, arthur; Toepoel, V. - Tilburg University, Center for Economic Research - 2007

: attrition bias and panel conditioning effects. Attrition bias can arise if respondents drop out of the panel non-randomly, i … for the first time. The literature has mainly focused on estimating attrition bias; less is known on panel conditioning … effects. In this study we discuss how to disentangle the total bias in panel surveys due to attrition and panel conditioning …

Persistent link: https://www.econbiz.de/10011090305

Estimating Dynamic Models from Repeated Cross-Sections

Verbeek, M.J.C.M.; Vella, F. - Tilburg University, Center for Economic Research - 2000

A major attraction of panel data is the ability to estimate dynamic models on an individual level. Moffitt (1993) and Collado (1998) have argued that such models can also be identified from repeated cross-section data. In this paper we reconsider this issue. We review the identification...

Persistent link: https://www.econbiz.de/10011090312