This paper tests whether the transition from the old Economic Competition Act, which was based on the so-called “abuse system”, to the new Competition Act, which was based on “prohibition system”, in the Netherlands had an impact on the price-cost margins in manufacturing industries...

Desired and actual working hours of unmarried adults are analyzed.A discrete structural neoclassical model is used to explain desired hours.Desired hours depend on gross wage rates, tax and benefit rules, other income, and some background variables.The model takes account of fixed costs of...

We analyze households' joint investment decisions for financial wealth and homes.In our bivariate censored regression model with endogenous switching, fixed costs or transaction costs are captured by a threshold that has to be passed before the purchase.The model allows for spill-over effects of...

For a commercially operating railway company, providing a high level of service for the passengers is of utmost importance.The latter requires a high punctuality of the trains and an adequate rolling stock capacity.Unfortunately, the latter is currently (2002) one of the bottlenecks in the...

The present study examines the impact of several industry characteristics on the propensity to collude using a dataset on the existence of collusion across Dutch industries during the late 1990s and early 2000s. The results of the Probit model with sample selection indicate that our sample of...

This paper is concerned with estimating the economic return to schooling of men in the Netherlands.We adopt an IV approach to estimate a panel data model with random individual effects.We exploit the fact that older individuals have relatively less schooling compared to younger individuals to...

We investigate the efficiency of the market for 5 year call options which are traded on the European Options Exchange in Amsterdam.We study both delta, delta-vega, and delta-gamma neutral arbitrage portfolios.We do not detect any serious inefficiencies in the market for long term call...