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Inverse Probability Weighted Generalised Empirical Likelihood Estimators : Firm Size and R&D Revisited

Inkmann, J. - Tilburg University, Center for Economic Research - 2005

independent sample selection or attrition.The estimator is applied to the estimation of the firm size elasticity of product and … process R&D expenditures using a panel of German manufacturing firms, which is affected by attrition and selection into R … independent and conditionally independent sample selection.The results are similar in all specifications. …

Persistent link: https://www.econbiz.de/10011090314

Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data

Abbring, Jaap H.; Chiappori, P.A.; Zavadil, T. - Tilburg University, Center for Economic Research - 2008

This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to characterize the heterogeneous dynamic changes in incentives...

Persistent link: https://www.econbiz.de/10011090789

Competitive Pressure, Selection and Investments in Development and Fundamental Research

boone, jan - Tilburg University, Center for Economic Research - 1998

and development. It presents a new framework incorporating the selection effect of product market competition, the …

Persistent link: https://www.econbiz.de/10011091628

Business Associations, Lobbying, and Endogenous Institutions

Prüfer, Jens; Larrain Aylwin, M.J. - Tilburg University, Center for Economic Research - 2014

Are business associations - private, formal, nonprofit organizations designed to promote the common interests of their members - positive or negative for the economy and overall welfare? Scholars from institutional and organizational economics, on the one side, and from industrial organization,...

Persistent link: https://www.econbiz.de/10011096861

Contracts and Insurance Group Formation by Myopic Players

Borm, Peter; Lazarova, E.A.; van Velzen, S. - Tilburg University, Center for Economic Research - 2005

This paper employs a cooperative approach to insurance group formation problems.The insurance group formation is analyzed in terms of stability with respect to one-person deviations.Depending on the exact contractual setting, three stability concepts are proposed: individual, contractual and...

Persistent link: https://www.econbiz.de/10011090669

On the Evolution of Collective Enforcement Institutions : Communities and Courts

Prüfer, Jens; Masten, S.E. - Tilburg University, Center for Economic Research - 2011

Impersonal exchange has been a major driver of economic development. But transactors with no stake in maintaining an ongoing relationship have little incentive to honor deals. Therefore, all economies have developed institutions to support honest trade and realize the gains of impersonal...

Persistent link: https://www.econbiz.de/10011090830

Learning to Trust

Nooteboom, B. - Tilburg University, Center for Economic Research - 2005

Trust is full of puzzle and paradox.Trust is both rational and emotional. Trust can go beyond calculative self-interest, but has its limits.People may want to trust, while they may also feel threatened by it.If trust is not in place prior to a relationship, on the basis of institutions, prior...

Persistent link: https://www.econbiz.de/10011091397

A Model of Partnership Formation

Talman, Dolf; Yang, Z.F. - Tilburg University, Center for Economic Research - 2008

This paper presents a model of partnership formation. A set of agents wants to conduct some business or other activities. Agents may act alone or seek a partner for cooperation and need in the latter case to consider with whom to cooperate and how to share the profit in a collaborative and...

Persistent link: https://www.econbiz.de/10011091420

A Competitive Partnership Formation Process

Talman, Dolf; Andersson, T.; Gudmundsson, J.; Yang, Z. - Tilburg University, Center for Economic Research - 2013

A group of heterogenous agents may form partnerships in pairs. All single agents as well as all partnerships generate values. If two agents choose to cooperate, they need to specify how to split their joint value among one another. In equilibrium, which may or may not exist, no agents have...

Persistent link: https://www.econbiz.de/10011091421

Cognitive Distance in and Between COP’s and Firms : Where do Exploitation and Exploration take Place, and How are they Connected?

Nooteboom, B. - Tilburg University, Center for Economic Research - 2007

This paper contributes to the analysis of where and how both exploitation and exploration may take place inside and between communities and organizations. It connects with the discussion of differences between communities of practice and epistemic communities. The analysis allows for differences...

Persistent link: https://www.econbiz.de/10011092178