This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection...

For many services, consumers can choose among a range of optional tariffs that differ in their access and usage prices. Recent studies indicate that tariff-specific preferences may lead consumers to choose a tariff that does not minimize their expected billing rate. This study analyzes how...

This paper is devoted to the study of how to extend a dichotomous partition of a universal set X into good and bad objects to an ordering on the power set of X. We introduce a family of rules that naturally take into account the number of good objects and the number of bad objects, and provide...

There is strong evidence that different income groups consume different bundles of goods. This evidence suggests that trade liberalization can affect welfare inequality within a country via changes in the relative prices of goods consumed by different income groups (the price effect). In this...

This paper develops a novel approach to modeling references in monopolistic competition models with a continuum of goods. In contrast to the commonly used CES preferences, which do not capture the effects of consumer income and the intensity of competition on equilibrium prices, the present...

The paper investigates teachers' decisions to leave the profession. First we examine the role of earnings and earnings in alternative occupations in these decisions, and then the paper discusses how the public sector wage increase in 2002 has effected exiting decisions of teachers. Using large...

Die für 2004 geplante Erweiterung der Europäischen Union auf 25 Mitgliedstaaten bringt enorme Herausforderungen für das institutionelle Regelwerk mit sich. Besonders brisant ist die Zuordnung einzelner Politikbereiche auf nationale oder europäische Entscheidungsinstanzen. Der vorliegende...

Four pure types of legislative organization are characterized as data generating processes for commonly used measures of preferences or, in the spatial vernacular, ideal points. The types of legislative organization are differentiated by their partisan versus nonpartisan nature of agenda...

Unter dem Besitztumseffekt wird die Tatsache verstanden, daß Entscheider Alternativen bezüglich eines Referenzpunktes beurteilen und dabei Verluste stärker gewichten als Gewinne. Diese unterschiedliche Beurteilung spiegelt sich auch in einer starken Diskrepanz zwischen Kauf- und Verkaufspreis...