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Long-Run vs. Short-Run Perspectives on Consumer Scheduling: Evidence from a Revealed-Preference Experiment among Peak-Hour Road Commuters
Peer, Stefanie; Verhoef, Erik; Knockaert, Jasper; … - 2011
Theoretical and empirical studies of consumer scheduling behavior usually ignore that consumers have more flexibility to adjust their schedule in the long run than in the short run. We are able to distinguish between long-run choices of travel routines and short-run choices of departure times...
Persistent link: https://www.econbiz.de/10010326326
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Insurance and Information: Firms as a Commitment Device
Bovenberg, A.L.; Teulings, Coen N. - 2001
and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …
Persistent link: https://www.econbiz.de/10010325071
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The Impact of Entrepreneurship Education on Entrepreneurship Competencies and Intentions
Oosterbeek, Hessel; van Praag, Mirjam; IJsselstein, Auke - 2008
This paper analyzes the impact of a leading entrepreneurship education program on college students’ entrepreneurship competencies and intentions using an instrumental variables approach in a difference-in-differences framework. We exploit that the program was offered to students at one...
Persistent link: https://www.econbiz.de/10010325703
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A Theory of Continuous Uncertainty Types
Czerny, Achim I.; Verhoef, Erik T.; Zhang, Anming - 2015
This paper distinguishes uncertainty types that differ continuously with respect to the degree to which uncertainty affects the optimal price/price markup or optimal quantity. A monopoly example is used to show that seemingly strong assumptions on functional forms can represent a wide variety of...
Persistent link: https://www.econbiz.de/10011288410
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Train Commuters' Scheduling Preferences: Evidence from a Large-Scale Peak Avoidance Experiment
Peer, Stefanie; Knockaert, Jasper; Verhoef, Erik - 2015
We study the trip scheduling preferences of train commuters in a real-life setting. The underlying data have been collected during large-scale peak avoidance experiment conducted in the Netherlands, in which participants could earn monetary rewards for traveling outside peak hours. The...
Persistent link: https://www.econbiz.de/10011403536
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The Impact of Lobbying on the Allocation of Political Authority
Falconieri, Sonia - 2001
This paper studies the internal organizational design of politicalinstitutions in presence of lobbying. We consider a legislature ascomposed of two bodies: the floor and an informational committee. Thefloor has the (formal) power to choose the policy to be implemented.The policy outcome is ex...
Persistent link: https://www.econbiz.de/10010324782
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Risk Aversion and the Subjective Time Discount Rate: A Joint Approach
van Praag, Bernard M.S.; Booij, Adam S. - 2003
In this paper we analyze a large sample of individual responses to six lottery questions. Wederive a simultaneous estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of a large prize is smoothed over a largertime period. It...
Persistent link: https://www.econbiz.de/10010324926
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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 relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...
Persistent link: https://www.econbiz.de/10010324982
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Sequential Advocacy
Beniers, Klaas J.; Dur, Robert A.J.; Swank, Otto H. - 2002
The collection of information necessary fordecision-making is often delegated to agents (e.g. bureaucrats … one cause yields full information collection atminimum costs. This provides a rationale for advocacy in politicaland … judicial systems. In this paper, we provide a rationale forthe sequential nature of information collection in advocacysystems …
Persistent link: https://www.econbiz.de/10010324998
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The Impact of Uncertainty on Investment: A Meta-Analysis
Koetse, Mark J.; de Groot, Henri L.F.; Florax, Raymond … - 2006
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since the outcomes of primary studies are largely incomparable with respect to the magnitude of the effect, our analysis focuses on the direction and statistical significance of the...
Persistent link: https://www.econbiz.de/10010325340