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An Analysis of the Effects of the Severance Payment Reform on Credit to Italian SMEs

Calcagno, Riccardo; Kraeussl, Roman; Monticone, Chiara - Tinbergen Institute - 2008

We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...

Persistent link: https://www.econbiz.de/10005450759

Measuring and Explaining the Limited Take-up of the Housing Benefit in the Netherlands

Rouwendal, Jan - Tinbergen Institute - 2002

benefit and that of the authorities to grant or refuse the subsidy are analyzed. Estimation results for this model differ from …

Persistent link: https://www.econbiz.de/10005209493

The Shadow Price of Aircraft Noise Nuisance

Praag, B.M.S. van; Baarsma, B.E. - Tinbergen Institute - 2001

This paper has a twofold objective. First, we develop a new method to assess the monetary value for individuals of external effects. The method makes use of an ordinal index of life satisfaction as scored by individual respondents who are subjected in varying intensity to the external effect....

Persistent link: https://www.econbiz.de/10005144424

Tax Competition under Minimum Rates: The Case of European Diesel Excises

Evers, Michiel; Mooij, Ruud A. de; Vollebergh, Herman R.J. - Tinbergen Institute - 2004

This paper estimates Nash-type fiscal reaction functions for European governments competing for revenue from diesel excises. It appears that European governments strategically set their excise levels by responding to their neighbors’ tax rates. This provides evidence for the presence of tax...

Persistent link: https://www.econbiz.de/10005136897

An Economic Analysis of Mixing Wastes

Aalbers, Rob F.T.; Vollebergh, Herman R.J. - Tinbergen Institute - 2005

Using a general equilibrium model with heterogeneous waste, this paper studies optimal waste policy when households have to exert separation effort to produce near-homogeneous waste streams suitable for recycling. Our model explicitly allows for changes in the composition (quality) of waste...

Persistent link: https://www.econbiz.de/10005136914

Environmental Policy Choice under Uncertainty

Ossokina, Ioulia V.; Swank, Otto H. - Tinbergen Institute - 2003

command-and-control policies. We compare the effects of a direct technology regulation and of an adoption subsidy under … asymmetric information about the costs of technological advances in pollution control. We show that the policy maker may want to … commit to her policy. The reason is that uncertainty about adoption costs induces the policy maker to set subsidy levels that …

Persistent link: https://www.econbiz.de/10005136953

Willingness to pay for Agricultural Environmental Safety

Travisi, Chiara M.; Nijkamp, Peter - Tinbergen Institute - 2004

The widespread use of pesticides in agriculture provides a particularly complex pattern of multidimensional negative side-effects, ranging from food safety related effects to the deterioratian of farmland ecosystems. The assessment of the economic implications of such negative processes is...

Persistent link: https://www.econbiz.de/10005137000

Optimal Taxation of Human Capital and Credit Constraints

Jacobs, Bas - Tinbergen Institute - 2002

We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...

Persistent link: https://www.econbiz.de/10005137104

The Design of (De)centralized Punishment Institutions for Sustaining Co-operation

Kosfeld, Michael; Riedl, Arno - Tinbergen Institute - 2004

In this paper we discuss experimental evidence for two different institutional approaches to a possible resolution of the fundamental conflict between social welfare maximization and individual utility maximization. The basic workhorse for modelling this conflict is the voluntary contribution of...

Persistent link: https://www.econbiz.de/10005137197

Using Happiness Surveys to value Intangibles; the Case of Airport Noise

Praag, Bernard M.S. van; Baarsma, B.E. - Tinbergen Institute - 2004

We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which...

Persistent link: https://www.econbiz.de/10005137235