This paper examines whether personality influences the allocation of resources within households. To do so, I model households as couples who make Pareto-efficient allocations and divide resources according to a distribution function. Using a sample of Dutch couples from the LISS survey with...

We study the relative performance of the first-price sealed-bid auction and the second-price sealed-bid auction in a laboratory experiment where bidders can signal information through their bidding behavior to an outside observer. We consider two different information settings: the auctioneer...

We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the...

This paper studies the economic conditions under which a government chooses to disseminate information among its creditors. The government receives private information about economic output and provides public information, either implicitly by the actions it takes, or explicitly by communicating...

We describe the points system that has been proposed by the Belgian Commission for Pension Reform 2020-2040. Intragenerational equity can be realised in a flexible and transparent way through the allocation of points within a cohort. The intergenerational distribution is determined by fixing the...

This study quantifies the inequality of opportunity (IOp) for healthy aging in Europe. Unlike earlier studies, an objective health indicator, grip strength, is used as an outcome. Using the longitudinal data from the Survey of Health, Aging and Retirement in Europe (Wave 1-5), I introduce a...

We propose a nonparametric methodology for intertemporal production analysis that accounts for durable as well as storable inputs. Durable inputs contribute to the production outputs in multiple consecutive periods. Storable inputs are non-durable and can be stored in inventories for use in...

We study the testable implications of normal demand in a two-goods setting. For a finite dataset on prices and quantities, we present the revealed preference conditions for normality of one or both goods. Our characterization provides an intuitive extension of the well-known Weak Axiom of...

We propose sparse versions of multivariate GARCH models that allow for volatility and correlation spillover effects across assets. The proposed models are generalizations of existing diagonal DCC and BEKK models, yet they remain estimable for high-dimensional systems of asset returns. To cope...

We propose a bias correction method for nonlinear models with both individual and time effects. Under the presence of the incidental parameter problem, the maximum likelihood estimator derived from such models may be severely biased. Our method produces an approximation to an infeasible...