This discussion paper led to a publication in <A href="http://onlinelibrary.wiley.com/doi/10.1002/jae.1071/full"><I>Journal of Applied Econometrics</I></A>, 24(6), 993-1023.Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance. Using data from six biennial waves of the Health and Retirement...</i></a>

In this paper the efficient allocation of natural recreational areasis analysed. Natural recreational areas have the features of publicgoods. We present the efficient allocation of this non-excludablepublic good in a rational general equilibrium model withheterogeneous agents. This allows us to...

This discussion paper resulted in a publication in the 'World Bank Economic Review', 2007, 21, 1-20.<p> There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a...</p>

There is increasing empirical and experimental evidence thatproviding financial incentives to agents to performcertain socially desirable actions may permanently reduce other typesof motivations to undertake these actions.We study the impact of financial incentives on the desire for...

This discussion paper led to a publication in the <I>Regional Science and Urban Economics</I> (2005). Vol. 35(6), pages 700-714.<P> This paper develops a model for multi-store competition between firms. Using thefact that different firms have different outlets and produce horizontally differentiated...</p></i>