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Trust, Social Capital and Economic Development

Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2003

Many argue that elements of a society s norms, culture or social capital are central to understanding its development.However, these notions have been difficult to capture in economic models.Here we argue that trustworthiness is the economically relevant component of a society s culture and...

Persistent link: https://www.econbiz.de/10011090823

The Role of Finance in Economic Development : Benefits, Risks, and Politics

Beck, Thorsten - Tilburg University, Center for Economic Research - 2011

Abstract: Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the...

Persistent link: https://www.econbiz.de/10011092153

Culture and Development : An Analytical Framework

Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2001

This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture.By endogenizing culture as well as the more usual economic...

Persistent link: https://www.econbiz.de/10011092624

Two-Stage Bargaining with Reversible Coalitions : The Case of Apex Games

Montero, M.P. - Tilburg University, Center for Economic Research - 2002

This paper studies coalition formation and payoff division in apex games under the following assumptions: first, payoff … division can only be agreed upon after the coalition has formed (two-stage bargaining); second, negotiations in the coalition … can break down, in which case a new coalition may be formed (reversible coalitions).In contrast with the results of other …

Persistent link: https://www.econbiz.de/10011092140

Location Choice by Households and Polluting Firms : An Evolutionary Approach

Dijkstra, B.; de Vries, F.P. - Tilburg University, Center for Economic Research - 2004

Persistent link: https://www.econbiz.de/10011090506

Non-take-up of Tax-favored Savings Plans : Are Household Portfolios Optimal?

van soest, arthur; Alessie, R.J.M.; Hochgürtel, S. - Tilburg University, Center for Economic Research - 2001

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer-sponsored savings plans (ESSPs).Under some conditions and up to a certain amount, the contributions to this plan are tax-deductible, and the returns as well as the withdrawals are...

Persistent link: https://www.econbiz.de/10011090584

Semiparametric estimation of equivalence scales using subjective information

Melenberg, Bertrand; van soest, arthur - Tilburg University, Center for Economic Research - 1995

Household equivalence scales are not identified from consumer demand data alone. We estimate household equivalence scales using two types of subjective information. First, we use the answers to questions on the income required to attain a given utility level. This is the type of information...

Persistent link: https://www.econbiz.de/10011090685

Expected and realized income changes : Evidence from the Dutch socio-economic panel

Das, Marcel; van soest, arthur - Tilburg University, Center for Economic Research - 1995

Income expectations play a central role in household decision making. In the life cycle model for example, consumption and savings decisions reflect expectations of future income. In empirical applications where direct information on expectations is not available, it is usually assumed that...

Persistent link: https://www.econbiz.de/10011090739

The measurement of household cost functions : Revealed preference versus subjective measures

Kapteyn, A.J. - Tilburg University, Center for Economic Research - 1994

Persistent link: https://www.econbiz.de/10011090771

A Panel Data Model for Subjective Information on Household Income Growth

Das, Marcel; van soest, arthur - Tilburg University, Center for Economic Research - 1996

Subjective expectations about future income changes are analyzed, using household panel data.The models used are extensions of existing binary choice panel data models to the case of ordered response.We consider both random and fixed individual effects.The random effects model is estimated by...

Persistent link: https://www.econbiz.de/10011091314