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HIV/AIDS, Risk Aversion and Intertemporal Choice

Lammers, Judith; Wijnbergen, Sweder van - Tinbergen Instituut - 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/10011255821

Risk Aversion under Preference Uncertainty

Kraeussl, Roman; Lucas, Andre; Siegmann, Arjen - Tinbergen Instituut - 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/10011256400

Risk Aversion and Social Networks

Kovarik, Jaromir; Leij, Marco J. van der - Tinbergen Instituut - 2011

This discussion paper resulted in a publication in the 'Review of Network Economics' (forthcoming). Agents involved in the formation of a social or economic network typically face uncertainty about the benefits of creating a link. However, the interplay of such uncertainty and risk attitudes has...

Persistent link: https://www.econbiz.de/10011256629

Moral Property Rights in Bargaining with Infeasible Claims

Gächter, Simon; Riedl, Arno - Tinbergen Instituut - 2003

In many business transactions, in labor-management relations, in internationalconflicts, and welfare state reforms bargainers hold strong entitlements that are oftengenerated by claims that are not feasible any more. These entitlements seem to considerablyshape negotiation behavior. By using the...

Persistent link: https://www.econbiz.de/10011257191

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

Offerman, Theo - Tinbergen Instituut - 1999

This paper investigates an implication of the self-serving bias for reciprocalresponses. It is hypothesized that negative intentionality matters more thanpositive intentionality for reciprocating individuals with a self-servingattributional style. Experimental evidence obtained in the hot...

Persistent link: https://www.econbiz.de/10011257619

Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach

Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2000

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of …

Persistent link: https://www.econbiz.de/10011256628

Uncertainty of Law and the Legal Process

Dari-Mattiacci, Guiseppe; Deffains, Bruno - Tinbergen Instituut - 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/10011257519

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

Bos, Iwan; Schinkel, Maarten Pieter - Tinbergen Instituut - 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/10011255456

The Power of a Bad Example - A Field Experiment in Household Garbage Disposal

Dur, Robert; Vollaard, Ben - Tinbergen Instituut - 2012

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 prevent people from following the bad example of litterers, they may also...

Persistent link: https://www.econbiz.de/10011255537

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

Dur, Robert - Tinbergen Instituut - 2006

This discussion paper has led to a publication in the Journal of Public Economic Theory, 15(1), 77-93. 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...

Persistent link: https://www.econbiz.de/10011256070