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The Tinbergen Institute is a joint institute for research and education in economics, econometrics and finance of the University of Amsterdam, the VU University Amsterdam and the Erasmus University Rotterdam. The institute was founded in 1987 and it is named after the Dutch economist Jan Tinbergen, a Nobel prize-winning professor at the Erasmus University Rotterdam.The Tinbergen Institute has over 200 research fellows from the three participating universities, and some 190 PhD students. It is ranked among the World Top 50 Economic Institutions according to IDEAS/RePEc. It cooperates with many world class economics and econometrics departments (in US for example Harvard University, Princeton University, in Europe for example with Pompeu Fabra University, Oxford University, University College London, and European University Institute in Florence.Awarded Honorary Fellow of the Tinbergen Institute are Mars Cramer†, Teun Kloek, Jean Paelinck, Herman van Dijk, Bernard van Praag and Henk Tijms. Wikipedia.

Koster P.,VU University Amsterdam | Verhoef E.T.,Tinbergen Institute
Journal of Transport Economics and Policy | Year: 2012

This paper proposes an analytical framework for the scheduling decisions of road travellers that takes into account probability weighting using rank-dependent utility theory. The fundamental difference with the standard scheduling model based on expected utility is that the probabilities of arrivals are treated in a non-linear way. This paper shows how scheduling decisions are affected by the weighted probabilities of the traveller. We derive the costs of non-optimal chosen departure times because of probability weighting and show that if the parameterised probability weighting function is similar to what has been found for gambling, the costs of probability weighting for morning peak car travellers are around 3 per cent. For the full range of parameters tested, we find costs in the range of 0-24 per cent of total travel costs. Source

van den Bergh J.C.J.M.,Catalan Institution for Research and Advanced Studies | van den Bergh J.C.J.M.,Autonomous University of Barcelona | van den Bergh J.C.J.M.,VU University Amsterdam | van den Bergh J.C.J.M.,Tinbergen Institute
Environmental and Resource Economics | Year: 2011

This article sketches the problem of indirect energy use effects, also known as rebound, of energy conservation. There is widespread support for energy conservation, especially when it is voluntary, as this seems a cheap way to realize environmental and energy-climate goals. However, this overlooks the phenomenon of rebound. The topic of energy rebound has mainly attracted attention from energy analysts, but has been surprisingly neglected in environmental economics, even though economists generally are concerned with indirect or economy-wide impacts of technical change and policies. This paper presents definitions and interpretations of energy and environmental rebound, as well as four fundamental reasons for the existence of the rebound phenomenon. It further offers the most complete list of rebound pathways or mechanisms available in the literature. In addition, it discusses empirical estimates of rebound and addresses the implications of uncertainties and difficulties in assessing rebound. Suggestions are offered for strategies and public policies to contain rebound. It is advised that rebound evaluation is an essential part of environmental policy and project assessments. As opposed to earlier studies, this paper stresses the relevance of the distinction between energy conservation resulting from autonomous demand changes and from efficiency improvements in technology/equipment. In addition, it argues that rebound is especially relevant for developing countries. © 2010 The Author(s). Source

Tol R.S.J.,University of Sussex | Tol R.S.J.,VU University Amsterdam | Tol R.S.J.,Tinbergen Institute
Energy Policy | Year: 2014

A claim has been that 97% of the scientific literature endorses anthropogenic climate change (Cook et al., 2013. Environ. Res. Lett. 8, 024024). This claim, frequently repeated in debates about climate policy, does not stand. A trend in composition is mistaken for a trend in endorsement. Reported results are inconsistent and biased. The sample is not representative and contains many irrelevant papers. Overall, data quality is low. Cook's validation test shows that the data are invalid. Data disclosure is incomplete so that key results cannot be reproduced or tested. © 2014 Elsevier Ltd. Source

Van Praag B.M.S.,Tinbergen Institute | Van De Kuilen G.,University of Tilburg
Theory and Decision | Year: 2010

This article presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1,935 from the general public. The results confirm earlier findings in the lab, suggesting that utility is less pronounced than what is found in classical measurements where expected utility is assumed. Utility for losses is found to be convex, consistent with diminishing sensitivity, and the obtained loss-aversion coefficient of 1.6 is moderate but in agreement with contemporary evidence. The estimated probability weighting functions have an inverse-S shape and they imply pessimism in both domains. These results show that probability weighting is also an important phenomenon in the general population. Women and lower educated individuals are found to be more risk averse, in agreement with common findings. In contrast to previous studies that ascribed gender differences in risk attitudes solely to differences in the degree utility curvature, however, our results show that this finding is primarily driven by loss aversion and, for women, also by a more pessimistic psychological response toward the probability of obtaining the best possible outcome. Source

Van Der Leij M.J.,University of Amsterdam | Van Der Leij M.J.,Tinbergen Institute
Science | Year: 2011

Internet experiments start to unravel the role of social networks in the spread of behavior in society. Source

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