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The Elasticities of Complementarity and Substitution

Broer, Peter - Tinbergen Instituut - 2004

This paper argues that the conventional definition of the elasticity of complementarity is not well suited to deal with the case of increasing returns. It proposes a slightly different formula, that uses a distance function formulation instead of a production function. The proposed definition...

Persistent link: https://www.econbiz.de/10011255597

The Industrial Organisation of the Dance Industry in the Netherlands: a Transaction Cost Perspective on Hybrid Forms of Organisation

Butter, Frank A.G. den; Joustra, Jelle - Tinbergen Instituut - 2014

The organization of Electronic Dance Music (EDM) events has become a major export product in the Netherlands. In order to respond quickly to the new trends and needs, innovative forms of cooperation between producers are to be set up for the organization of exciting new events. A case study on...

Persistent link: https://www.econbiz.de/10011255594

The Entrepreneurial Adjustment Process in Disequilibrium

Burke, Andrew; Stel, André van - Tinbergen Instituut - 2009

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in disequilibrium but little empirical research has examined firm entry and exit in this context. We redress this by modelling the interrelationship between firm entry and exit in...

Persistent link: https://www.econbiz.de/10011257442

Equilibrium Directed Search with Multiple Applications

Albrecht, James; Gautier, Pieter; Vroman, Susan - Tinbergen Instituut - 2003

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

Persistent link: https://www.econbiz.de/10011249546

Auctions with Flexible Entry Fees

Janssen, Maarten; Karamychev, Vladimir A.; Maasland, Emiel - Tinbergen Instituut - 2009

This discussion paper led to an article in Games and Economic Behavior (2011). Vol. 72, pp. 594-601. There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders...

Persistent link: https://www.econbiz.de/10011255544

Mean and Bold?

Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Instituut - 2007

See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops … a tailored nonparametric model to dissect and distinguish the effects on efficiency of these two evolutions. In …

Persistent link: https://www.econbiz.de/10011255577

Simultaneous Search and Network Efficiency

Gautier, Pieter A.; Holzner, Christian L. - Tinbergen Instituut - 2011

When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know where other workers apply to and firmsdo not know which candidates other firms consider. The first coordination frictionaffects network formation, while the second coordination...

Persistent link: https://www.econbiz.de/10011256115

Efficiency Effects of Unit-based Pricing Systems and Institutional Choices of Waste Collection

Dijkgraaf, Elbert; Gradus, Raymond - Tinbergen Instituut - 2014

Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...

Persistent link: https://www.econbiz.de/10011256148

Stochastic Dominance: Convexity and Some Efficiency Tests

Lizyayev, Andrey M. - Tinbergen Instituut - 2009

convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of … Post (2003) and expand the SSD efficiency criteriadeveloped by Dybvig and Ross (1982) onto the Third Order Stochastic …

Persistent link: https://www.econbiz.de/10011256268

Liquidity Trap and Excessive Leverage

Korinek, Anton; Simsek, Alp - International Monetary Fund (IMF) - 2014

We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to fall to induce unconstrained agents to pick up the decline in aggregate demand....

Persistent link: https://www.econbiz.de/10010800974

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