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Indirect Welfare Effects of Price Changes and Cost-Benefit Analysis
Rouwendal, Jan - 2002
The effects of a policy measure often reach the consumer only after one or more intermediatesteps, for instance because the measure lowers the cost of an input for an industry producinga consumer good. This paper is concerned with the question how to measure such indirect effectscorrectly under...
Persistent link: https://www.econbiz.de/10010324940
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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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Correcting for Primary Study Misspecifications in Meta-Analysis
Koetse, Mark J.; Florax, Raymond J.G.M.; de Groot, … - 2005
effects of error propagation on the bias and mean squarederror of the meta-estimator, and the size and the power of …
Persistent link: https://www.econbiz.de/10010325362
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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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Rich meets Poor - An International Fairness Experiment
Cappelen, Alexander W.; Moene, Karl Ove; Sørensen, Erik Ø. - 2008
conducted a real effort fairness experiment where people in two of the world's richest countries, Norway and Germany, interacted … directly with people in Uganda and Tanzania, two of the world's poorest countries. In this experiment, the participants were …. First, entitlement considerations are crucial in explaining the distributive behavior of rich people in the experiment …
Persistent link: https://www.econbiz.de/10010326015
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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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Composite Valuation of Immaterial Damage in Flooding: Value of Statistical Life, Value of Statistical Evacuation and Value of Statistical Injury
Bockarjova, Marija; Rietveld, Piet; Verhoef, Erik T. - 2012
This paper enriches existing valuation literature in a number of ways by presenting context-specific estimates of immaterial damage. First, it offers an estimation of value of statistical life (VOSL) in the context of a natural hazard (flooding). Next, as one of the contributions, alongside with...
Persistent link: https://www.econbiz.de/10010326300