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The transaction costs perspective on costs and benefits of government regulation
Butter, Frank A. G. den; Graaf, Marc de; Nijsen, André F. - 2009
This paper explores the feasibility to extend the Standard Cost Model (SCM) for calculating the costs of government regulation by taking all transaction costs into account which stem from the principal/agent relationship between regulatory authorities and economic entities. From that perspective...
Persistent link: https://www.econbiz.de/10011377583
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Discretionary authority and prioritizing in government agencies
Schinkel, Maarten-Pieter; Tóth, Lukás; Tuinstra, Jan - 2015
) has discretion over part of the agency's budget to incentivize his staff (agents) in the pick-up of cases. The head is …
Persistent link: https://www.econbiz.de/10010532608
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Selecting less corruptible bureaucrats
Hu, Audrey Xianhua; Zou, Liang - 2007
A government officials' propensity to corruption, or corruptibility, can be affected by his intertemporal preference over job benefits. Through a dynamic model of rent-seeking behavior, this paper examines how endogenously determined corruptibility changes with monitoring intensity, salary...
Persistent link: https://www.econbiz.de/10011373824
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Why does centralisation fail to internalise policy externalities?
Dur, Robert A. J.; Roelfsema, Hein J. - 2003 - Rev.
We provide an explanation why centralisation of political decision makingresults in overspending in some policy domains, whereas too low spending persists in others.We study a model in which delegates from jurisdictions bargain over local public goods provision.If all of the costs of public...
Persistent link: https://www.econbiz.de/10011326940
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On the ambiguous consequences of omitting variables
De Luca, Giuseppe; Magnus, Jan R.; Peracchi, Franco - 2015
-generation process, the least-squares estimators have smaller bias (in fact zero bias) but larger variances in the long regression than … in the short regression. But if the long regression is also misspecified, the bias may not be smaller. We provide bias …
Persistent link: https://www.econbiz.de/10010532602
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Measuring biases in expectation formation
Peters, Florian; Kucinskas, Simas - 2018
We develop a general framework for measuring biases in expectation formation. The method is based on the insight that biases can be inferred from the response of forecast errors to past news. Empirically, biases are measured by flexibly estimating the impulse response function of forecast...
Persistent link: https://www.econbiz.de/10011869992
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Dynamic efficiency of product market competition
Hinloopen, Jeroen; Vandekerckhove, Jan - 2007
We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest …
Persistent link: https://www.econbiz.de/10011373823
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Mean and bold?
De Witte, Kristof; Dijkgraaf, Elbert - 2007
association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …
Persistent link: https://www.econbiz.de/10011373828
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Efficiency effects of unit-based pricing systems and institutional choices of waste collection
Dijkgraaf, Elbert; Gradus, Raymond - 2014
Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...
Persistent link: https://www.econbiz.de/10010226974
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On bias, inconsistency and efficiency of various estimators in dynamic panel data models
Kiviet, Jan F. - 1994 - Rev
Persistent link: https://www.econbiz.de/10000151660