In this paper, we present a model in which the performing arts are modelled as congestible public goods. In accordance with empirical evidence, the production of seat capacity is assumed to be subject to fixed costs. We estimate the parameters of the model?s demand and cost functions using...

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Calculation of purchasing power parities based on observed consumer behaviour typically relies on the existence of some kind of 'international preferences'. We argue that this unrealistic assumption can be abandoned in 'regional' studies of purchasing power, where prices in both territories...

Drawing on household budget data from the German Income and Consumption Surveys of 1988 and 1993, we estimate demographicaily structured Quadratic Expenditure Systems. Both Full Information Maximum Likelihood methods and a Limited Information approach as proposed recently by Ding and Hadri...

This experimental study investigates the inuence of irrelevant or phantom al- ternatives on subjects' choices in sequential decision making. Using experimental data from 45 subjects, we found that irrelevant alternatives bear significant rele- vance for decision making. We observe that only 38%...

This paper investigates the existence of an editing phase and studies the com- pliance of subjects' behaviour with the most popular multiattribute decision rules. We observed that our data comply well with the existence of an editing phase, at least if we allow for a natural error rate of some...

Aufgrund bestehender und sich weiter verstärkender Altersarmut steht der Reformbedarf der Leistungsseite der Gesetzlichen Rentenversicherung (GRV) im Zentrum der wissenschaftlichen und politischen Diskussion. Im Fokus stehen dabei Personen mit lückenhaften Erwerbsbiographien und niedrigen...

A powerful test of Varian's (1982) generalised axiom of revealed preference (GARP) with two goods requires the consumer's budget line to pass through two demand vectors revealed as chosen given other budget sets. In an experiment using this idea, each of 41 student subjects faced a series of 16...

Using a sample of 20 OECD countries it is shown that the majority of countries decreased the level of intragenerational redistribution in the first pillar of their pension systems, though the evidence is weak in statistical terms. We find strong correlations between changes of the so-called...