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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

Negative Reciprocity and the Interaction of Emotions and Fairness Norms

Reuben, Ernesto; van Winden, Frans - 2005

This experimental study investigates how behavior changes after punishment for an unkind action. It also studies how fairness perceptions affect the reaction to punishment and whether this effect is consistent across repeated play and role experiences. A repeated version of the power-to-take...

Persistent link: https://www.econbiz.de/10010325446

Input versus Output Taxation in an Experimental International Economy

Riedl, Arno; van Winden, Frans - 2003

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a …

Persistent link: https://www.econbiz.de/10010324982

Incentive Systems in a Real Effort Experiment

van Dijk, Frans; Sonnemans, Joep; van Winden, Frans - 1998

In the reported experiment different payment schemes are examined on theirincentive effects. Payment based on …

Persistent link: https://www.econbiz.de/10010324549

Social Ties in a Public Good Experiment

van Dijk, Frans; Sonnemans, Joep; van Winden, Frans - 1996

The formation of social ties is examined in an experimental study of voluntary public good provision. The experiment …

Persistent link: https://www.econbiz.de/10010324555

'Let me dream on!' Anticipatory Emotions and Preference for Timing in Lotteries

Kocher, Martin; Krawczyk, Michal; van Winden, Frans - 2009

emotions. This conjecture is tested in an experiment with real lottery tickets. We show that our theoretical considerations may …

Persistent link: https://www.econbiz.de/10010325695

Investment, Resolution of Risk, and the Role of Affect

van Winden, Frans; Krawczyk, Michal; Hopfensitz, Astrid - 2008

-based questionnaire before the experiment and participants' preferencesfor resolution timing, risk, and time were incentive compatibly … measured during the experiment.Main findings are that delayed resolution can affect investment, that the effect depends on the …

Persistent link: https://www.econbiz.de/10010325960

SETS, Arbitrage Activity, and Stock Price Dynamics

Taylor, Nick; van Dijk, Dick; Franses, Philip Hans; … - 1999

This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

Persistent link: https://www.econbiz.de/10010324378

Emotional Hazard and Real Effort in a Power-to-Take Game

Bosman, Ronald; Sutter, Matthias; van Winden, Frans - 2000

experiment) or a budget that is provided to them likea sort of manna from heaven(no-effort experiment) . We use the so … moreoften and a greater amount on aggregate in the no-effort experiment;responders more often choosean intermediate amount of … destruction in the no-effort experiment;the behavior of take authorities does not depend on effort;responders expect lower take …

Persistent link: https://www.econbiz.de/10010324584

Short Patches of Outliers, ARCH and Volatility Modeling

Franses, Philip Hans; van Dijk, Dick; Lucas, André - 1998

In this paper we test for (Generalized) AutoRegressive Conditional Heteroskedasticity [(G)ARCH] in daily data on 22 exchange rates and 13 stock market indices using the standard Lagrange Multiplier [LM] test for GARCH and a LM test that is resistant to patches of additive outliers. The data span...

Persistent link: https://www.econbiz.de/10010324601