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Gibrat's Law and the Firm Size / Firm Growth Relationship in Italian Services

Piergiovanni, R.; Santarelli, E.; Klomp, L.; Thurik, A.R. - Tinbergen Institute - 2002

are independent of firm size can be rejected for the services, as it has been for manufacturing, also in the case of Italy … remaining three business groups and for the industry as a whole. These mixed results concerning Gibrat's Law in the services are … consistent with the hypothesis that the dynamics of industrial organisation for services may not simply mirror that for …

Persistent link: https://www.econbiz.de/10005137253

Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Carree, Martin A. - Tinbergen Institute - 2002

This paper introduces a new estimator for the fixed effects dynamic panel data model with exogenous variables. This estimator does not share some of the drawbacks of recently developed IV and GMM estimators and has a good performance even in small samples. The nearly unbiased estimator is...

Persistent link: https://www.econbiz.de/10005137135

The Importance of Accounting for Time Trends when Estimating the Euro Effect on Trade

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - Tinbergen Institute - 2003

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...

Persistent link: https://www.econbiz.de/10005137308

Panel Data Estimates of the Production Function and Product and Labor Market Imperfections

Dobbelaere, Sabien; Mairesse, Jacques - Tinbergen Institute - 2009

Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...

Persistent link: https://www.econbiz.de/10005144471

Pivotal Suppliers and Market Power in Experimental Supply Function Competition

Brandts, Jordi; Reynolds, Stanley S.; Schram, Arthur - Tinbergen Institute - 2011

In the process of regulatory reform in the electric power industry, the mitigation of market power is one of the basic problems regulators have to deal with. We use experimental data to study the sources of market power with supply function competition, akin to the competition in wholesale...

Persistent link: https://www.econbiz.de/10008838542

Welfare Effects of Road Pricing and Traffic Information under Alternative Ownership Regimes

Gubins, Sergejs; Verhoef, Erik T.; Graaff, Thomas de - Tinbergen Institute - 2010

This paper models strategic interactions between a product supplier, a provider of information about product quality, and end users, in the context of road transportation. Using a game-theoretical analysis of suppliers' pricing strategies, we assess the social welfare effects of traffic...

Persistent link: https://www.econbiz.de/10008838612

A Firm's First Year

Abbring, Jaap H.; Campbell, Jeffrey R. - Tinbergen Institute - 2005

This paper determines the structural shocks that shape a firm's first year by estimating a structural model of firm growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre-entry scale decisions accounts for about 40% of their...

Persistent link: https://www.econbiz.de/10005136867

Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries

Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - Tinbergen Institute - 2004

In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...

Persistent link: https://www.econbiz.de/10005136875

Network Asymmetries and Access Pricing in Cellular Telecommunications

Kocsis, Viktória - Tinbergen Institute - 2005

Network shares and retail prices are not symmetric in the telecommunications market with multiple bottlenecks which give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising from different entry timing, i.e. a larger reputation for...

Persistent link: https://www.econbiz.de/10005136930

Modelling Entrepreneurship

Bosma, Niels; Wit, Gerrit de; Carree, Martin - Tinbergen Institute - 2003

Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approach focusing on the net development of the number of entrepreneurs in an equilibrium framework and (ii) the approach focusing on the entries and exits of entrepreneurs. In this paper we unify these ap-...

Persistent link: https://www.econbiz.de/10005136948