The Behavioral and Experimental Economics group has an influential position in this field in the Netherlands and Europe. CREED, the Amsterdam-based group, focuses particularly on three main projects: economics of political decision making; bounded rationality and institutions and experimental economics. The research of the Rotterdam-based group focuses on two broad themes: decision under risk and uncertainty and intertemporal choice.
- Van Ours, J.C. and B. Vollaard
- Economic Journal (2016) 126, 1264-1291
We provide evidence for a beneficial welfare impact of a policy targeted at strengthening victim precaution. Regulation made application of the electronic engine immobiliser mandatory for all new cars sold within the European Union. We exploit the regulation as source of exogenous variation in use of the anti-theft device. The device reduced car theft by an estimated 40%, accounting for both the protective effect on cars with the device and the displacement effect on cars without the device. Thirty-four cars need to be fitted with the device (at a per unit cost of 50 euro) to avert one theft.
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