In theory, the incidence of a tax should be independent of the side of the market on which it is levied. This principle of liability-side equivalence underlies virtually all theories of tax incidence. Policy discussions, however, tend to place great emphasis on the legal division of tax payments. We use computerized experimental posted-offer markets to test liability-side equivalence. We find that ...
In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are explicitely modeled when a regression model is estimated while it should be indifferent to components not explicitely ...
The availability of panel data on the basis of micro data has become an indispensable component of the infrastructure of empirically oriented social scientists and economists. This is also a consequence of the fact that, for a panel survey, the quality of both content and methodological analyses increases with each new wave. Especially the number of events which can be analyzed increases (e.g., social ...
This paper analyzes the effect of population size on politicalparticipation and allocative efficiency. Increasing populationis generally found to reduce political participation. However,since participation is not evenly spread throughout thepopulation, this will have consequences for allocation.Namely, we argue that increasing population size shifts powerto the rich. We discuss the consequences for ...
Die experimentelle Ökonomie führt typischerweise Labor-Untersuchungen durch, die mit homogenen und selektiven Versuchspersonen arbeiten. Repräsentative Surveys leiden hingegen unter Messfehlern und der Frage, ob hypothetisches Verhalten, das erhoben wird, mit tatsächlichem Verhalten korrespondiert. Deswegen präsentieren wir eine Methode, mit der man die Schwächen beider Ansätze überwindet, indem man ...