The paper is organised around three objectives. First, it scrutinises closely each of the two indices of Central Bank Independence (CBI) most commonly used in the empirical literature and quantifies their "subjectivity" bias. It defines and discovers an impressive interpretation bias, a major...

This paper reports the results of an experiment on the intertemporal model of consumer behavior with perfect foresight. A test using the theory of revealed preference show that a significant number of individuals have an inconsistent behavior. However, the average data are consistent with the...

We conduct a laboratory experiment to test the empirical behavior of the bid-and-propose mechanism, defined in Navarro and Perea (2005). This mechanism implements the Myerson value for networks, and therefore its outcome posesses fairness properties. Since the bid-and-propose mechanism includes...

Using a US sample of parents and children, we examine income distribution in two generations. We find that the mean of the children's distribution is higher than that of parents', but incomes were more equally distributed in the lower deciles of the latter distribution. Groups of children raised...

I derive a general formulation of a Bayes Nash revelation game in a linear environment with endogenous information, whose precision depends on a covert choice of effort. I show that in nonstochastic mechanisms the first order approach to reporting (the Mirrless approach) can be complemented by a...

Objectives. To investigate at national level the association between health and the social distress in which the whole employed population is plunged as a consequence of job insecurity. Design. Cross-sectional study. Setting. Switzerland. Subjects. Individuals working full or part time as...

The re-elections to the Swiss Federal Government ('Federal Council') have not been much studied so far. On the basis of the 1947-1999 record, we propose an econometric model of these re-elections, consisting of three identities and two equations. Simulating the model, we find that the scores are...

Ziel dieser Arbeit ist es zu untersuchen, inwiefern es der Wettbewerbskommission (Weko) gelungen ist mit ihren Auflagen im UBS-Fall den Wettbewerb im Schweizer Bankengeschäft zu stärken. Wir kommen zum Schluss, dass die Weko ihre Auflagen so lange den Vorstellungen der UBS angepasst hat, bis...