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The Welfare Effects of Discrimination in Insurance

Noll, Rob van der - Tinbergen Institute - 2006

We study an insurance model characterized by a continuum of risk types, private information and a competitive supply …

Persistent link: https://www.econbiz.de/10005137362

Kula, Grzegorz - Tinbergen Institute - 2003

worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level …This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …

Persistent link: https://www.econbiz.de/10005144432

Do Services differ from Manufacturing? The Post-Entry Performance of Firms in Dutch Services

Audretsch, D.B.; Klomp, Luuk; Thurik, A.R. - Tinbergen Institute - 1998

firm growth, survival, size and age. While these studies have resulted in findings that are sufficiently consistent as to … relationships between firm age and size on the one hand, and survival and growth on the other may, in fact, not be the same in … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …

Persistent link: https://www.econbiz.de/10005795570

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

The Value of an Educated Population for an Individual's Entrepreneurship Success

Millan, Jose Maria; Congregado, Emilio; Roman, Concepcion; … - Tinbergen Institute - 2011

, including survival and the probability that an entrepreneur starts employing personnel and maintains as an employer for a longer …

Persistent link: https://www.econbiz.de/10008916007

Stochastic Dominance: Convexity and Some Efficiency Tests

Lizyayev, Andrey M. - Tinbergen Institute - 2009

This paper points out the importance of Stochastic Dominance (SD) efficient sets being convex. We review

Persistent link: https://www.econbiz.de/10008513225

Stochastic Dominance Efficiency Analysis of Diversified Portfolios: Classification, Comparison and Refinements

Lizyayev, Andrey - Tinbergen Institute - 2010

For more than three decades, empirical analysis of stochastic dominance was restricted to settings with mutually exclusive choice alternatives. In recent years, a number of methods for testing efficiency of diversified portfolios have emerged, which can be classified into three main categories:...

Persistent link: https://www.econbiz.de/10008611034

Inherent Reward and Risk (Part I): Towards a Universal Paradigm for Investment Analysis

Zou, Liang - Tinbergen Institute - 2000

In this paper, a new paradigm is developed for analyzing investment strategies and pricing financial assets. This paradigm assumes that any investment strategy has its own “inherent reward” and “inherent risk” that can be judged with common sense. I justify axiomatically the existence...

Persistent link: https://www.econbiz.de/10005281810

Inverse Adverse Selection: The Market for Gems

Dari-Mattiacci, Giuseppe; Onderstal, Sander; Parisi, … - Tinbergen Institute - 2011

This paper studies markets plagued with asymmetric information on the quality of traded goods. In Akerlof's setting, sellers are better informed than buyers. In contrast, we examine cases where buyers are better informed than sellers. This creates an inverse adverse selection problem: The market...

Persistent link: https://www.econbiz.de/10008838639

Optimal Incentive Contracts when Workers envy their Boss

Dur, Robert; Glazer, Amihai - Tinbergen Institute - 2004

article uses a principal-agent model to study profit-maximizing contracts when a worker envies his employer. Envy tightens the …

Persistent link: https://www.econbiz.de/10005136986