Similar Search Results

HIV/AIDS, Risk Aversion and Intertemporal Choice

Lammers, Judith; Wijnbergen, Sweder van - Tinbergen Institute - 2007

This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...

Persistent link: https://www.econbiz.de/10005137299

Risk Aversion under Preference Uncertainty

Kraeussl, Roman; Lucas, Andre; Siegmann, Arjen - Tinbergen Institute - 2010

We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility functions. We illustrate the consequences of this...

Persistent link: https://www.econbiz.de/10008752910

Hurting hurts more than Helping helps: The Role of the Self-serving Bias

Offerman, Theo - Tinbergen Institute - 1999

This paper investigates an implication of the self-serving bias for reciprocal responses. It is hypothesized that negative intentionality matters more than positive intentionality for reciprocating individuals with a self-serving attributional style. Experimental evidence obtained in the hot...

Persistent link: https://www.econbiz.de/10005136955

Uncertainty of Law and the Legal Process

Dari-Mattiacci, Guiseppe; Deffains, Bruno - Tinbergen Institute - 2006

and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the … of a legal system (kept under control by litigation) and its litigation rate (sustained by uncertainty). We describe such … equilibrium rates in a model of tort litigation, study how they are affected by different policies, and compare the costs and …

Persistent link: https://www.econbiz.de/10005137255

Intervention Time Series Analysis of Crime Rates

Sridharan, Sanjeev; Vujic, Suncica; Koopman, Siem Jan - Tinbergen Institute - 2003

The Commonwealth of Virginia abolished parole and reformed sentencing for all felony of- fenders committed on or after January 1, 1995. We examine the impact of this legislation on reported crime rates using different time series approaches. In particular, structural time series models are...

Persistent link: https://www.econbiz.de/10005144497

Tracing the Base: A Topographic Test for Collusive Basing-Point Pricing

Bos, Iwan; Schinkel, Maarten Pieter - Tinbergen Institute - 2009

Basing-point pricing is known to have been abused by geographically dispersed firms in order to eliminate competition on transportation costs. This paper develops a topographic test for collusive basing-point pricing. The method uses transaction data (prices, quantities) and customer project...

Persistent link: https://www.econbiz.de/10005137367

Status-Seeking in Violent Subcultures and the Double Dividend of Zero-Tolerance

Dur, Robert - Tinbergen Institute - 2006

This paper develops a model in which individuals gain social status among their peers for being 'tough' by committing violent acts. We show that a high penalty for moderately violent acts (zero-tolerance) may yield a double dividend in that it reduces both moderate and extreme violence. The...

Persistent link: https://www.econbiz.de/10005450750

The Pro-collusive Effect of Increasing the Repose Period for Price Fixing Agreements

Hinloopen, Jeroen - Tinbergen Institute - 2005

Intuitively, extending the period of repose for price fixing agreements enhances the effectiveness of competition policy enforcement. This paper proofs this intuition wrong. As extending the repose period reduces cartel members' defection payoff while it leaves unaltered expected compliance...

Persistent link: https://www.econbiz.de/10005450793

Errors in Judicial Decisions

Sonnemans, Joep; Dijk, Frans van - Tinbergen Institute - 2008

In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...

Persistent link: https://www.econbiz.de/10005209452

Performance Measurement, Expectancy and Agency Theory: An Experimental Study

Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2007

Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...

Persistent link: https://www.econbiz.de/10005209530