The purpose of this paper is to apply count data models to predict the number of times a credit applicant will not pay the amount awarded to repay the credit. Poisson models and negative binomial distribution models, taking into account the observed heterogeneity, are generally used in...

This paper makes some steps toward a formal political economy of environmental policy. Economists' quasi-unanimous preferences for sophisticated incentive regulation is reconsidered. First, we recast the question of instrument choice in the general mechanism literature and provide an incomplete...