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The Entrepreneurial Adjustment Process in Disequilibrium

Burke, Andrew; Stel, André van - Tinbergen Institute - 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/10005144562

Industry Dynamics and Entrepreneurship: An Equilibrium Model

Fok, Dennis; Stel, Andre van; Burke, Andrew; Thurik, Roy - Tinbergen Institute - 2010

This paper conducts the first general equilibrium analysis of the role of entry, exit and profits in industry dynamics. The benefit of our model is twofold. First, to discriminate between entrants’ role of performing the entrepreneurial function of creating disequilibrium and the conventional...

Persistent link: https://www.econbiz.de/10008513242

Capacity Constraints and Beliefs about Demand

Vikander, Nick - Tinbergen Institute - 2011

This paper examines how a firm can strategically choose its capacity to manipulate consumer beliefs about aggregate demand. It looks at a market with social effects where consumers want to do what is popular, to buy what they believe others want to buy. By imposing a capacity constraint and...

Persistent link: https://www.econbiz.de/10008838601

Multi-Store Competition: Market Segmentation or Interlacing?

Janssen, Maarten C.W.; Karamychev, Vladimir A.; Reeven, … - Tinbergen Institute - 2003

This paper develops a model for multi-store competition between firms. Using the fact that different firms have different outlets and produce horizontally differentiated goods, we obtain a pure strategy equilibrium where firms choose a different location for each outlet and firms' locations are...

Persistent link: https://www.econbiz.de/10005209529

Compensatory Inter Vivos Gifts

Hochguertel, Stefan; Ohlsson, Henry - Tinbergen Institute - 2007

Parents’ transfer motives are important for understanding, e.g., macroeconomics, income (re)distribution, savings, and public finance. Using data from six biennial waves of the Health and Retirement Study 1992–2002, we estimate grouped tobit-type latent variable models with multi-level error...

Persistent link: https://www.econbiz.de/10005144428

The Price of a Price: On the Crowding out of Social Norms

Janssen, Maarten C.W.; Mendys, Ewa - Tinbergen Institute - 2001

There is increasing empirical and experimental evidence that providing financial incentives to agents to perform certain socially desirable actions may permanently reduce other types of motivations to undertake these actions. We study the impact of financial incentives on the desire for social...

Persistent link: https://www.econbiz.de/10005136944

Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Institute - 2003

remarkable long-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the … ergodic distribution the mean (across households) capital stock is 46% lower than in the absence of risk. This is, we believe … suggest that the effectiveness of policy interventions which reduce exposure to shocks or help households in risk man! agement …

Persistent link: https://www.econbiz.de/10005137127

Efficient Allocation of Land between Productive Use and Recreational Use - An Application to Galician Case

Giménez, Eduardo L.; González-Gómez, Manuel - Tinbergen Institute - 2001

In this paper the efficient allocation of natural recreational areas is analysed. Natural recreational areas have the features of public goods. We present the efficient allocation of this non-excludable public good in a rational general equilibrium model with heterogeneous agents. This allows us...

Persistent link: https://www.econbiz.de/10005137358

Zipf's Law for Integrated Economies

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - Tinbergen Institute - 2005

We first demonstrate that, within a fully integrated economy (FIE) in which there is free mobility of goods and factors, each FIE member's share of total FIE output will equal its shares of the total FIE stock of each productive factor. This equal-share property implies that, if economic...

Persistent link: https://www.econbiz.de/10005144401

How important are Institutions for Growth in Transition Countries?

Moers, Luc - Tinbergen Institute - 1999

Growth empirics with institutional measures is performed for 25 transition countries over the period 1990-95. Estimation results suggest that (particularly state) institutions are significant for growth and, especially, foreign direct investment (FDI), the latter in turn being important for the...

Persistent link: https://www.econbiz.de/10005144418