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Boswijk, H.P.; Fok, D.; Franses, P.-H. - Tinbergen Institute - 2006

To examine cross-country diffusion of new products, marketing researchers have to rely on a multivariate product growth model. We put forward such a model, and show that it is a natural extension of the original Bass (1969) model. We contrast our model with currently in use multivariate models...

Persistent link: https://www.econbiz.de/10005137183

Procurement: The Transaction Costs Perspective in a Globalising World

Butter, Frank A.G. den - Tinbergen Institute - 2007

Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also...

Persistent link: https://www.econbiz.de/10005144406

Transaction Management: Value Creation by Reducing Transaction Costs

Butter, Frank A.G. den - Tinbergen Institute - 2010

In this era of globalization we see an increase in specialization: the production chain is

Persistent link: https://www.econbiz.de/10008838633

Performance Measurement, Expectancy and Agency Theory: An Experimental Study

Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2007

Theoretical analyses of (optimal) performance measures are typically performed within the realm of the linear agency model. This model implies that, for a given compensation scheme, the agent’s optimal effort is unrelated to the amount of noise in the performance measure. In contrast,...

Persistent link: https://www.econbiz.de/10005209530

The Effects of Performance Measurement and Compensation on Motivation

Herpen, Marco van; Praag, C. Mirjam van; Cools, Kees - Tinbergen Institute - 2003

This paper analyzes empirically the relationship between pay and performance. Economic and psychological theories predict that the design and implementation of a performance measurement and compensation system affect the motivation of employees. Our survey results demonstrate a positive...

Persistent link: https://www.econbiz.de/10005144489

The Effect of Noise in a Performance Measure on Work Motivation

Sloof, Randolph; Praag, C. Mirjam van - Tinbergen Institute - 2008

This paper reports the results of an individual real effort laboratory experiment where subjects are paid for measured performance. Measured performance equals actual performance plus noise. We compare a stable environment where the noise is small with a volatile environment where the noise is...

Persistent link: https://www.econbiz.de/10005144498

Explaining Hedge Fund Investment Styles by Loss Aversion

Siegmann, Arjen; Lucas, André - Tinbergen Institute - 2002

Recent research reveals that hedge fund returns exhibit a range of different, possibly non-linear pay-off patterns. It is difficult to qualify all these patterns simultaneously as being rational in a traditional framework for optimal financial decision making. In this paper we present a simple...

Persistent link: https://www.econbiz.de/10005144566

The Degradation of Distorted Performance Measures

Sloof, Randolph; Praag, Mirjam van - Tinbergen Institute - 2008

Baker (2002) has demonstrated theoretically that the quality of performance measures used in compensation contracts hinges on two characteristics: noise and distortion. These criteria, though, will only be useful in practice as long as the noise and distortion of a performance measure can be...

Persistent link: https://www.econbiz.de/10005137095

First Author Determinants: An Empirical Analysis

Praag, Mirjam van; Praag, Bernard M.S. van - Tinbergen Institute - 2006

Alphabetic name ordering on multi-authored academic papers, which is the convention in the

Persistent link: https://www.econbiz.de/10005282029

Entrepreneurship and Economic Transition

Aidis, Ruta - Tinbergen Institute - 2003

address the issue of entrepreneurship in two distinct ways: a) as it has historically developed within the field of economics … and b) as it develops in the transitional context. In contrast to advanced western economies, productive entrepreneurship … entrepreneurship for transition countries. By means of a literature survey, we further present the main characteristics of …

Persistent link: https://www.econbiz.de/10005209447