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Seeking Rents in the Shadow of Coase
Dari-Mattiacci, Guiseppe; Onderstal, Sander; Parisi, … - Tinbergen Instituut - 2006
Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...
Persistent link: https://www.econbiz.de/10011255926
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Seeking Rents in the Shadow of Coase
Dari-Mattiacci, Guiseppe; Onderstal, Sander; Parisi, … - Tinbergen Institute - 2006
Trade opportunities are generally seen as valuable instruments to improve the allocation of resources in society. However, when the traded rights are secured through unproductive rent-seeking contests, the tradeability of the rents may provide stronger incentives to invest in rent-seeking...
Persistent link: https://www.econbiz.de/10005136949
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Errors in Judicial Decisions
Sonnemans, Joep; Dijk, Frans van - Tinbergen Instituut - 2008
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...
Persistent link: https://www.econbiz.de/10011255690
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Errors in Judicial Decisions
Sonnemans, Joep; Dijk, Frans van - Tinbergen Institute - 2008
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...
Persistent link: https://www.econbiz.de/10005209452
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Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach
Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2000
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
Persistent link: https://www.econbiz.de/10011256628
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Pareto Efficiency in the Jungle
Houba, Harold; Luttens, Roland Iwan; Weikard, Hans-Peter - Tinbergen Instituut - 2014
unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and … preferences slightly, equilibria other than lexicographic welfare maximizers can be jungle equilibria. This result is due to … welfare maximization. However, we also find farsighted equilibria that are Pareto inefficient since stronger agents may …
Persistent link: https://www.econbiz.de/10011255490
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The Shadow Price of Aircraft Noise Nuisance
Praag, Bernard M.S. van; Baarsma, B.E. - Tinbergen Instituut - 2001
This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect....
Persistent link: https://www.econbiz.de/10011255631
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Travel Time Variability and Airport Accessibility
Koster, Paul; Kroes, Eric; Verhoef, Erik T. - Tinbergen Instituut - 2010
This discussion paper resulted in a publication in <I>Transportation Research Part B: Methodological</I> (2011). Vol. 45(10), pages 1545-1559.<P> This paper analyses the cost of access travel time variability for air travelers. Reliable access to airports is important since it is likely that the cost of...</p></i>
Persistent link: https://www.econbiz.de/10011255670
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Welfare Effects of Distortionary Company Car Taxation
Gutiérrez-i-Puigarnau, Eva; Ommeren, Jos van - Tinbergen Instituut - 2007
pay in the car market, mainly due to favourable taxation of company cars. We analyse the welfare effects of favourable … taxation of company cars for the Netherlands. The estimated annual welfare costs of the distortionary taxation of company cars … are estimated to be at least €2,000 per company car. For the whole of Europe, these welfare costs are estimated to be at …
Persistent link: https://www.econbiz.de/10011255708
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The Information Content of a Stated Choice Experiment
Rouwendal, Jan; Blaeij, Arianne de; Rietveld, Piet; … - Tinbergen Instituut - 2008
This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...
Persistent link: https://www.econbiz.de/10011255760