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In and Out of Equilibrium: Evolution of Strategies in Repeated Games with Discounting

Veelen, Matthijs van; Garcia, Julian - Tinbergen Institute - 2010

not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …

Persistent link: https://www.econbiz.de/10008838642

Total Factor Productivity and the Mongolian Transition

Chessa, Antonio G.; Schouwstra, Marije C. - Tinbergen Institute - 2005

Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a country. In many transition economies TFP is seen to have been negative the last decade of the plan economy and starts increasing and become positive after a (quite a) few years...

Persistent link: https://www.econbiz.de/10005137124

Adaptive Polar Sampling with an Application to a Bayes Measure of Value-at-Risk

Bauwens, Luc; Bos, Charles S.; Dijk, Herman K. van - Tinbergen Institute - 1999

Adaptive Polar Sampling (APS) is proposed as a Markov chain Monte Carlo method for Bayesian analysis of models with ill-behaved posterior distributions. In order to sample efficiently from such a distribution, a location-scale transformation and a transformation to polar coordinates are used....

Persistent link: https://www.econbiz.de/10005137171

Decomposing Portfolio Value-at-Risk: A General Analysis

Hallerbach, Winfried G. - Tinbergen Institute - 1999

assumptions on the underlying statistical distributions, a variety of analytical methods and simulation-based methods are … distribution specifications or historical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation … simulation context.<BR> This paper tries to fill this gap by investigating these VaR concepts in a general distribution …

Persistent link: https://www.econbiz.de/10005144576

Complete and incomplete econometric models

Geweke, John - 2010

Persistent link: https://www.econbiz.de/10013503197

Determinants of Job Satisfaction across the EU-15: A Comparison of Self-Employed and Paid Employees

Millan, Jose Maria; Hessels, Jolanda; Thurik, Roy; … - Tinbergen Institute - 2011

Job satisfaction of self-employed and paid-employed workers is analyzed using the European Community Household Panel for the EU-15 covering the years 1994-2001. We distinguish between two types of job satisfaction, i.e. job satisfaction in terms of type of work and job satisfaction in terms of...

Persistent link: https://www.econbiz.de/10008867504

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

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

Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship … period of time. An implication of our novel finding is that entrepreneurship and higher education policies should be …

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

The More Business Owners the Merrier? The Role of Tertiary Education

Praag, Mirjam van; Stel, Andre van - Tinbergen Institute - 2011

Policy in developed countries is often based on the assumption that higher business ownership rates induce economic value. Recent microeconomic empirical evidence casts doubts on the validity of this assumption or, at least, leads to a more nuanced view: Especially the top performing business...

Persistent link: https://www.econbiz.de/10009147077

Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis

Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2010

Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...

Persistent link: https://www.econbiz.de/10008838535

Risk Attitudes and Profits among Small Enterprises in Nigeria

Lammers, Judith; Willebrands, Daan; Hartog, Joop - Tinbergen Institute - 2010

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity has a negative or no effect. Education, age, being...

Persistent link: https://www.econbiz.de/10008838628