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Natural selection and social preferences

Weibull, Jörgen; Salomonsson, Marcus - Economics Institute for Research (SIR), … - 2005

A large number of individuals are randomly matched into groups, where each group plays a finite symmetric game. Individuals breed true. The expected number of surviving offspring depends on own material payoff, but may also, due to cooperative breeding and/or reproductive competition, depend on...

Persistent link: https://www.econbiz.de/10005651518

Reaction Function Estimation when Central Banks Face Adjustment Costs

Roszbach, Kasper - Economics Institute for Research (SIR), … - 1997

The main instrument of monetary policy in industrialized countries is currently a short-term interest rate. It typically remains unchanged during long spans of time. This paper tries to answer three questions. Why do Central Banks change targeted interest rates so seldom? How should we estimate...

Persistent link: https://www.econbiz.de/10005423878

Bank Lending Policy, Credit Scoring and Value at Risk

Jacobson, Tor; Roszbach, Kasper - Economics Institute for Research (SIR), … - 1998

In this paper we apply a bivariate probit model to investigate the implications of bank lending policy. In the first equation we model the bank´s decision to grant a loan, in the second the probability of default. We confirm that banks provide loans in a way that is not consistent with default...

Persistent link: https://www.econbiz.de/10005649281

Testing and Correcting for Sample Selection Bias in Discrete Choice Contingent Valuation Studies

Eklöf, Jan; Karlsson, Sune - Economics Institute for Research (SIR), … - 1997

The discrete choice or ”referendum” contingent valuation technique has become a popular tool for assessing the value of non-market goods. Surveys used in these studies frequently suffer from large non-response which can lead to significant bias in parameter estimates and in the estimate of...

Persistent link: https://www.econbiz.de/10005649297

Bank Lending Policy, Credit Scoring and the Survival of Loans

Roszbach, Kasper - Economics Institute for Research (SIR), … - 1998

To evaluate loan applicants, banks use a large variety of systems. The objective of such credit scoring models typically is to minimize default rates or the number of incorrectly classified loans. Thereby they fail to take into account that loans are multiperiod contracts. From a utility...

Persistent link: https://www.econbiz.de/10005649480

Truncation and Endogenous Stratification in Various Count Data Models for Recreation Demand Analysis

Nakatani, Tomoaki; Sato, Kazuo - Economics Institute for Research (SIR), … - 2005

This paper extends the truncated and endogenously stratified Poisson and negative binomial models to three alternative discrete distributions, namely the generalized Poisson, geometric, and Borel distributions. Our primary intention here is to demonstrate how improper treatment of the data...

Persistent link: https://www.econbiz.de/10005190881

Do opponents' experience matter? Experimental evidence from a quantity precommitment game

LeCoq, Chloé; Roine, Jesper - 2004

experience (the number of periods played) as a proxy for the level of rationality and match subjects with different levels of … experience. We first find evidence of capacity choices decreasing, and prices increasing, with the opponent's experience … McKelvey and Palfrey (1998). In particular, this framework takes into account any interaction between a player's own experience …

Persistent link: https://www.econbiz.de/10010281369

Do Opponents' Experience Matter? Experimental Evidence from a Quantity Precommitment Game

Le Coq, Chloé; Sturluson, Jon-Thor - Economics Institute for Research (SIR), … - 2003

Persistent link: https://www.econbiz.de/10005190841

The impact of direct democracy on public education: Evidence for Swiss students in reading, mathematics and natural science

Fischer, Justina A. V. - 2007

Empirical analyses for the US suggest that stronger people's control over the school budget is deleterious to student performance. Using Swiss data on ninth graders in mathematics, reading and natural science collected jointly with the PISA study 2000, this paper tests this hypothesis for...

Persistent link: https://www.econbiz.de/10010281279

Political polarization and the size of government

Lindqvist, Erik; Östling, Robert - 2006

We study the effect of political polarization on public spending using the dispersion of self-reported political preferences as our measure of polarization. Political polarization is strongly associated with smaller government in democratic countries, but there is no relationship between...

Persistent link: https://www.econbiz.de/10010281329