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An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies
Riedl, Arno; van Winden, Frans - 2000
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed economy and an international economy. The main findings are the following. (i) There is clear evidence of a vicious circle in the dynamic interaction between the wage tax and...
Persistent link: https://www.econbiz.de/10010324476
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Should the Same Side of the Market always move first in a Transaction? An Experimental Study
van der Heijden, Eline C.M.; Nelissen, Jan H.M.; … - 2001
This paper investigates whether transactions where the buyer (or the seller) always moves first, andthe seller (or the buyer) always moves second in the exchange gives higher payoffs than exchangesin which it is randomly determined who moves first. We examine the effect of two...
Persistent link: https://www.econbiz.de/10010324922
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Nonrenewable Resources, Strategic Behavior and the Hotelling Rule: An Experiment
van Veldhuizen, Roel; Sonnemans, Joep - 2011
This study uses the methods of experimental economics to investigate possible causes for the failure of the Hotelling rule for nonrenewable resources. We argue that as long as resource stocks are high enough, producers may choose to (partially) ignore the dynamic component of their production...
Persistent link: https://www.econbiz.de/10010325825
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Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting
Vermeylen, Koen - 2013
This paper uses the Kaldor-Hicks compensation principle to compute the present value (PV) of a non-marginal future event. Three theoretical results stand out: First, decreasing returns to capital create a wedge between the PV of future generations' willingness to pay (WTP) and the PV of their...
Persistent link: https://www.econbiz.de/10014150712
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Contamination Bias in Linear Regressions
Goldsmith-Pinkham, Paul; Hull, Peter; Kolesár, Michal - National Bureau of Economic Research - 2022
treatments are conditionally randomly assigned and the controls are sufficiently flexible to avoid omitted variables bias … treatments. Thus, recent concerns about heterogeneity-induced bias in regressions leveraging potential outcome restrictions (e … contamination bias and propose a new class of efficient estimators of weighted average effects that avoid bias. In a re-analysis of …
Persistent link: https://www.econbiz.de/10013334327
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Does the Wage Tax System cause Budget Deficits?
Riedl, Arno; van Winden, Frans A.A.M. - 2000
In this paper we investigate experimentally the functioning of a wage tax financed unemployment benefit system on the development of the budget deficit, unemployment, and some other indicators of economic performance in an international economy. We find support for the hypothesis that...
Persistent link: https://www.econbiz.de/10010324556
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The Impact of Effect Size Heterogeneity on Meta-Analysis: A Monte Carlo Experiment
Koetse, Mark J.; Florax, Raymond J.G.M.; de Groot, … - 2007
-systematic impact of omitted variable bias in primary studies. Our results show that the mixed effects estimator is to be preferred to … non-systematic impact of omitted variable bias, using the mixed effects estimator may be suboptimal. We also address the …
Persistent link: https://www.econbiz.de/10010325529
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APT or "AIPT"? The Surprising Dominance of Large Factor Models
Didisheim, Antoine - 2024
We introduce artificial intelligence pricing theory (AIPT). In contrast with the APT's foundational assumption of a low dimensional factor structure in returns, the AIPT conjectures that returns are driven by a large number of factors. We first verify this conjecture empirically and show that...
Persistent link: https://www.econbiz.de/10015072953
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Assessing Budget Support with Statistical Impact Evaluation: a Methodological Proposal
Elbers, Chris; Gunning, Jan Willem; de Hoop, Kobus - 2007
Donor agencies and recipient governments want to assess the effectiveness of aid-supported sector policies. Unfortunately, existing methods for impact evaluation are designed for the evaluation of homogeneous interventions (‘projects’) where those with and without ‘treatment’ can be...
Persistent link: https://www.econbiz.de/10010325583
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417