References of "Journal of Economics"
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See detailHow politicians make decisions under risk: a political choice experiment
Fatas, Enrique UL; Tamborero, Pilar; Neugebauer, Tibor UL

in Journal of Economics (2007), 32(2), 167-196

We report on an experimental study with real-world politicians. These political experts face political choice problems under risk and probability. Thus, we test the frequently observed violations of ... [more ▼]

We report on an experimental study with real-world politicians. These political experts face political choice problems under risk and probability. Thus, we test the frequently observed violations of rational choice theory -the reference point effect, loss aversion, framing effects, and the common ratio effect- with experts from the field. Their choices violate expected utility theory. Nevertheless, they appear to be more rational and less risk averse (loving) in the domain of gains (losses) than student subjects. [less ▲]

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See detailProperties of Equivalence Scales in Different Countries
Koulovatianos, Christos UL; Schröder, Carsten; Schmidt, Ulrich

in Journal of Economics (2005), 86

Recent studies in high-income industrialized countries have shown that equivalence scales are income-dependent. We investigate whether this dependence also holds in poorer, services oriented countries, by ... [more ▼]

Recent studies in high-income industrialized countries have shown that equivalence scales are income-dependent. We investigate whether this dependence also holds in poorer, services oriented countries, by considering the example of Cyprus. We also examine whether household economies of scale and relative children costs differ. [less ▲]

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See detailTaxation and Labor Markets
Picard, Pierre M UL; Toulemonde, Eric

in Journal of Economics (2002), 78(1), 29-56

We exploit the common features of models such as union-firm wage bargaining, search and efficiency wage models to develop a framework that can be used for analyzing the effects of any budget-neutral tax ... [more ▼]

We exploit the common features of models such as union-firm wage bargaining, search and efficiency wage models to develop a framework that can be used for analyzing the effects of any budget-neutral tax reform on employment in these models. We show that taxes paid by workers are not equivalent to taxes paid by firms when taxes are non linear. Moreover, increasing progressivity is good for employment in these models. [less ▲]

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See detailOn the incentives to provide fuel-efficient automobiles
Degryse, Hans; Irmen, Andreas UL

in Journal of Economics (2001), 73(2), 149-165

We argue that the provision of more fuel-efficient cars necessitates specific aerodynamic shapes. We show that the presence of this technological constraint may reduce the incentives to provide fuel ... [more ▼]

We argue that the provision of more fuel-efficient cars necessitates specific aerodynamic shapes. We show that the presence of this technological constraint may reduce the incentives to provide fuel efficiency. In equilibrium, cars become more similar and aerodynamic as fuel prices increase. However, the provided level of fuel efficiency falls short of the social optimal one such that a fuel-economy standard is welfare-enhancing.<P>(This abstract was borrowed from another version of this item.) [less ▲]

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