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Sonnemans, Joep; Dijk, Frans van - Tinbergen Institute - 2008

In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...

Persistent link: https://www.econbiz.de/10005209452

On the Extent of Economic Integration: A Comparison of EU Countries and US States

Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - Tinbergen Institute - 2010

This discussion paper led to a forthcoming publication in </I>Journal of Regional Science</I> entitled 'Are EU Countries less Integrated than US States? Theory and Evidence'.<P> European economic integration is commonly believed to be incomplete, and that further reforms are needed. In this context, the...</p>

Persistent link: https://www.econbiz.de/10008513211

Countries of a Feather flock together

Marrewijk, Charles van; Garita, Gus - Tinbergen Institute - 2008

We analyze the economic forces underlying cross-border Mergers and Acquistions (M&As) using a large bilateral panel data set. The frequent occurrence of "zero" observations provides essential information on the structure of M&A flows, which we model empirically using a two-stage procedure. At...

Persistent link: https://www.econbiz.de/10005137257

Trade Liberalization and Developing Countries under the Doha Round

Francois, J.; Meijl, H. van; Tongeren, F. van - Tinbergen Institute - 2003

We explore the impact of multilateral liberalization, with emphasis on distributional effects across countries. We first develop a realistic "base1ine" that takes into account events such as the entry of China into the WTO and the enlargement of the EU, allowing us to focus on those effects that...

Persistent link: https://www.econbiz.de/10005137270

Capital Regulation and Tail Risk

Perotti, Enrico; Ratnovski, Lev; Vlahu, Razvan - Tinbergen Institute - 2011

The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. When capital raising is costly, poorly...

Persistent link: https://www.econbiz.de/10008867505

International Comparisons of Sectoral Energy- and Labour-Productivity Performance: Stylised Facts and Decomposition of Trends

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Institute - 2004

This paper addresses the interplay between economic growth, energy use, change in sectoral composition and technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over the period 1970-1997. A cross-country decomposition...

Persistent link: https://www.econbiz.de/10005144433

Global Aging and Economic Convergence: A Real Option or Still a Case of Science Fiction?

Dalen, Hendrik P. van - Tinbergen Institute - 2007

How does global aging affect the convergence in global economic development? Both the developing and developed world …

Persistent link: https://www.econbiz.de/10005144475

A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent

Abreu, Maria; Groot, Henri L.F. de; Florax, Raymond J.G.M. - Tinbergen Institute - 2005

The topic of convergence is at the heart of a wide-ranging debate in the growth literature. Empirical studies of … convergence differ widely in their theoretical backgrounds, empirical specifications and in their treatment of cross …-sectional heterogeneity. Despite these differences, a rate of convergence of about 2% has been found under a variety of different conditions …

Persistent link: https://www.econbiz.de/10005144527

Sectoral Energy- and Labour-Productivity Convergence

Mulder, Peter; Groot, Henri L.F. de - Tinbergen Institute - 2004

This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level … for 14 OECD countries, covering the period 1970-1997. A fã-convergence analysis shows that the development of cross …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence …

Persistent link: https://www.econbiz.de/10005795576

Defining European Wholesale Electricity Markets: An “And/Or” Approach

Dijkgraaf, Elbert; Janssen, Maarten C.W. - Tinbergen Institute - 2009

An important question in the dynamic European wholesale markets for electricity is whether to define the geographical market at the level of an individual member state or more broadly. We show that if we currently take the traditional approach by considering for each member state whether there...

Persistent link: https://www.econbiz.de/10008531429