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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

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

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

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

Hinloopen, Jeroen - Tinbergen Instituut - 2005

This discussion paper resulted in the publication The B.E. Journal of Economic Analysis & Policy (2007), 7(1), 1135. Intuitively, extending the period of repose for price fixing agreements enhances the effectiveness of competition policy enforcement. This paper proofs this intuition wrong. As...

Persistent link: https://www.econbiz.de/10011256731

The Influence of Wages on Public Officials' Corruptibility: A Laboratory Investigation

Veldhuizen, Roel van - Tinbergen Instituut - 2012

Previous studies have proposed a link between corruption and wages in the public sector. This paper investigates this link using a laboratory experiment. In the experiment, public officials have the opportunity to accept a bribe and can then decide between a neutral and a corrupt action. The...

Persistent link: https://www.econbiz.de/10011256733

Crime, Employment and Social Welfare: an Individual-level Study on Disadvantaged Males

Mesters, Geert; Geest, Victor van der; Bijleveld, Catrien - Tinbergen Instituut - 2014

We test economic and sociological theories for the relationship between employment and crime, where social welfare is used as an identifying mechanism. We consider a sample of disadvantaged males from The Netherlands who are observed between ages 18 and 32 on a monthly time scale. We...

Persistent link: https://www.econbiz.de/10011257523