Now showing items 24-43 of 190

  • Calibration results for non-expected utility theories 

    Safra, Zvi; Segal, Uri (2008)
    Rabin (2000) proved that a low level of risk aversion with respect to small gambles leads to a high, and absurd, level of risk aversion with respect to large gambles. Rabin’s arguments strongly depend on expected utility ...
  • Caps on Political Lobbying: Comment. 

    Kaplan, Todd R.; Wettstein, David (American Economic Association, 2006)
    The article focuses on spending caps, and compares those used in politics with many examples in sports economics. In 1999, the party of Israeli Prime Minister Ehud Barak was fined $3.2 million for exceeding Israel's campaign ...
  • A cautionary note on tests of overidentifying restrictions 

    Dias Costa Parente, Paulo M.; Santos Silva, J.M.C. (Elsevier, 2012-05)
    In this note, we argue that tests of overidentifying restrictions give little information on the validity of the moment conditions implied by the underlying economic model, and therefore are mute about the possibility of ...
  • Combining the contributions of behavioral economics and other social sciences in understanding taxation and tax reform 

    James, Simon (SSRN, 2010-08)
    This paper extends previous work presented at the SABE/IAREP conference at St Mary’s University, Halifax (James, 2009). In the earlier paper it was shown that conventional economic theory is used to make the case for tax ...
  • Comparing three ways to update Choquet beliefs 

    Eichberger, Jürgen; Grant, Simon; Kelsey, David (Elsevier, 2010-05)
    We analyze three rules for updating neo-additive capacities. Only for Generalized Bayesian Updating is relative optimism the same for both updated and unconditional capacities. For updates of the other two, either the ...
  • The comparison of ad valorem and specific taxation under uncertainty 

    Kotsogiannis, Christos; Serfes, Konstantinos (Wiley Blackwell, 2013)
    The comparison between specific (per unit) and ad valorem (percentage) taxation has been one of the oldest issues in public finance. In Cournot markets, with deterministic costs structures, conventional wisdom has it that ...
  • Confronting the Robinson Crusoe paradigm with household-size heterogeneity 

    Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich (Center for Financial Studies, University of Frankfurt, 2008-08)
    Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives ...
  • The consequences of Zakat for capital accumulation 

    Ali, D.H. Norulazidah P.H. Omar; Myles, Gareth D. (Wiley-Blackwell, 2010-08)
    The payment of zakat by the owners of wealth is one of the five pillars of Islam. Many countries operate with no enforcement of the obligation to pay, making zakat a form of voluntary redistribution. We analyze how zakat ...
  • Consistent model specification testing 

    Davidson, James; Halunga, Andreea G. (University of Exeter Business School, 2012-03)
    This paper proposes a consistent model specfication test that can be applied to a wide class of models and estimators, including all variants of quasi-maximum likelihood and generalized method of moments. Our framework ...
  • Contracting in the shadow of the law 

    Chakravarty, Surajeet; MacLeod, W. Bentley (Wiley, 2009-07)
    Economic models of contract typically assume that courts enforce obligations based on verifiable events (corresponding to the legal rule of specific performance). As a matter of law, this is not the case. This leaves open ...
  • The contribution of the UK’s Behavioural Insights Team 

    James, Simon (IGI Global, 2015-04)
    The purpose of this paper is to review and evaluate the work of the UK Behavioural Insights Team (BIT) in the light of the growing literature on behavioural economics. The Team was established in 2010 in the Cabinet Office ...
  • Coordinating climate and trade policies: Pareto efficiency and the role of border tax adjustments 

    Keen, Michael; Kotsogiannis, Christos (American Economic Association, 2012-11-22)
    This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment BTA) is warranted when carbon prices differ internationally. ...
  • Decentralised bilateral trading in a market with incomplete information 

    Chatterjee, Kalyan; Das, Kaustav (University of Exeter, 2013-08)
    We study a model of decentralised bilateral interactions in a small market where one of the sellers has private information about her value. There are two identical buyers and another seller, whose valuation is commonly ...
  • The definition, measurement, and evaluation of tax expenditures and tax reliefs 

    Myles, Gareth D.; Hashimzade, Nigar; Heady, Chris; Oats, Lynne; Scharf, Kimberley; Yousefi, Hana (National Audit Office, 2014-06)
    Tax reliefs and tax expenditures are two closely related and overlapping concepts. The distinction between tax reliefs and tax expenditures is a subtle one and can only be clear after careful description of the two concepts. ...
  • Delegated job design 

    Hvide, Hans K.; Kaplan, Todd R. (SSRN, 2003)
    We develop a theory of delegation within organizations where agents are privately informed about whether they should be engaged in exploitation or in exploration activities. Excessive delegation lead agents to inefficiently ...
  • Developing country second-mover advantage in competition over environmental standards and taxes 

    Groenert, Valeska; Zissimos, Ben (Wiley-Blackwell, 2013)
    We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.’ In our model, firms do not unanimously ...
  • Dividing the indivisible: procedures for allocating cabinet ministries to political parties in a parliamentary system 

    Brams, Steven J.; Kaplan, Todd R. (Sage, 2004)
    Political parties in Northern Ireland recently used a divisor method of apportionment to choose, in sequence, ten cabinet ministries. If the parties have complete information about each other’s preferences, we show that ...
  • Does AHP help us make a choice? - An experimental evaluation 

    Balkenborg, Dieter; Ishizaka, Alessio; Kaplan, Todd R. (Palgrave Macmillan, 2011)
    In this paper, we use experimental economics methods to test how well Analytic Hierarchy Process (AHP) fares as a choice support system in a real decision problem. AHP provides a ranking that we statistically compare with ...
  • Does university research improve university teaching in management? 

    James, Simon (University of Exeter, 2005)
    It seems widely accepted, not least by academics, that university research improves university teaching. However, it is not always clear how important the links are. In the UK a huge amount of detailed information has ...
  • Dynamic moral hazard and stopping 

    Mason, Robin; Valimaki, Juuso (Wiley-Blackwell, 2013-02-13)
    We propose a simple model of optimal stopping where the economic environment changes as a result of learning. A primary application of our framework is the problem of how optimally to sell an asset, when the demand for ...