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Estimating Tourist Externalities on Residents: A Choice Modeling Approach to the Case of Rimini
Figini, Paolo; Castellani, Massimiliano; Vici, Laura - 2007
During their holidays, tourists produce direct and indirect effects on local residents, which can either be positive or negative. In this paper we investigate how residents of Rimini, a popular Italian seaside resort hosting more than ten million national and foreign overnight stays every year,...
Persistent link: https://www.econbiz.de/10009445055
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Information, Credit Risk, Lender Specialization and Loan Pricing: Evidence from the DIP Financing Market
Daniels, Kenneth; Ramirez, Gabriel G - 2008
We provide an empirical support for theories of lender specialization using the recently developed market for Debtor-in-Possession (DIP) financing. The legal environment in which DIP financing operates represents a natural laboratory for testing determinants of lending specialization (e.g....
Persistent link: https://www.econbiz.de/10009459020
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Bootstrap Markov chain Monte Carlo and optimal solutions for the Law of Categorical Judgment (Corrected)
Kochanski, Greg P; Rosner, Burton S. - 2010
sets simulated for Full Signal Detection Theory and its special cases of standard Signal Detection Theory and Complementary … Signal Detection Theory. …
Persistent link: https://www.econbiz.de/10009441534
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Design of Discrete Auction
Sujarittanonta, Pacharasut - 2010
Chapter 1: Efficient Design of an Auction with Discrete Bid Levels This paper studies one of auction design issues: the choice of bid levels. Full efficiency is generally unachievable with a discrete auction. Since there may be more than one bidder who submits the same bid, the auction cannot...
Persistent link: https://www.econbiz.de/10009450772
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Risk Preferences Beyond Expected Utility Theory: Theoretical and Experimental Approaches
R?ger, Maximilian - 2011
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … dependence compared to classical models of expected utility theory. It is shown that some empirical puzzles concerning … utility theory are met. It is shown that the methodological concerns are empirically relevant when a classification of …
Persistent link: https://www.econbiz.de/10009482308
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Visions of Alternative (Unpredictable) Futures and Their Use in Policy Analysis
Costanza, Robert - 2000
policies are most appropriate for society now, given alternative visions of the future and the enormous uncertainty about the … uncertainty about the nature of the world, its carrying capacity for humans, the impacts of climate change, and other aspects of … parameter uncertainty in models). Application of this vision/uncertainty analysis can help us both to design the future society …
Persistent link: https://www.econbiz.de/10009468437
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Equilibrium Tuition, Applications, Admissions and Enrollment in the College Market
Fu, Chao - 2010
abilities and preferences, make college application decisions, subject to uncertainty and application costs. Colleges observe …
Persistent link: https://www.econbiz.de/10009439060
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Discrete Choice Models in Preference Space and Willingness-to Pay Space
Train, Kenneth; Weeks, Melvyn - 2004
In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...
Persistent link: https://www.econbiz.de/10009442000
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Income Segregation and Local Progressive Taxation: Empirical Evidence from Switzerland
Schmidheiny, Kurt - 2003
Swiss metropolitan areas are comprised of a system of communities with considerable fiscal autonomy. This study investigates how the income tax differentials across communities in an urban area affect the households` location decisions. Data from the urban agglomeration of Basel for the year...
Persistent link: https://www.econbiz.de/10009442367