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A Cognitive Approach to Organizational Complexity

Fioretti, Guido; Visser, Bauke - Tinbergen Institute - 2004

Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour …

Persistent link: https://www.econbiz.de/10005137220

Who are the Behavioral Economists and what do they say?

Heukelom, Floris - Tinbergen Institute - 2007

The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...

Persistent link: https://www.econbiz.de/10005144399

Heterogeneous Agent Models in Economics and Finance

Hommes, Cars H. - Tinbergen Institute - 2005

This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10005136868

Kahneman and Tversky and the Origin of Behavioral Economics

Heukelom, Floris - Tinbergen Institute - 2007

Kahneman and Tversky and their behavioral economics stand in a long tradition of applying mathematics to human behavior. In the seventeenth century, attempts to describe rational behavior in mathematical terms run into problems with the formulation of the St. Petersburg paradox. Bernoulli’s...

Persistent link: https://www.econbiz.de/10005137090

Entrepreneurship and Economic Transition

Aidis, Ruta - Tinbergen Institute - 2003

address the issue of entrepreneurship in two distinct ways: a) as it has historically developed within the field of economics … and b) as it develops in the transitional context. In contrast to advanced western economies, productive entrepreneurship … entrepreneurship for transition countries. By means of a literature survey, we further present the main characteristics of …

Persistent link: https://www.econbiz.de/10005209447

The Entrepreneur's Mode of Entry: Business Takeover or New Venture Start?

Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Institute - 2006

We analyse the decision to become an entrepreneur by either taking over an established business or starting a new venture from scratch. A model is developed which predicts how several individual- and firm-specific characteristics influence entrepreneurs' entry mode. The new venture creation mode...

Persistent link: https://www.econbiz.de/10005209489

Initial Capital Constraints hinder Entrepreneurial Venture Performance

Praag, Mirjam van; Wit, Gerrit de; Bosma, Niels - Tinbergen Institute - 2003

This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this...

Persistent link: https://www.econbiz.de/10005209500

Total Factor Productivity and the Role of Entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Institute

models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present … paper it is shown that – when this variable is added - in all models there is a significant influence of entrepreneurship … while the remaining effects mainly stay the same. Entrepreneurship is measured as the business ownership rate (number of …

Persistent link: https://www.econbiz.de/10005016255

Firm Formation with Complementarities: The Role of the Entrepreneur

Roessler, Christian; Koellinger, Philipp - Tinbergen Institute - 2009

We model the emergence of organization forms in a game between prospective entrepreneurs. Complementary roles arise endogenously in a way that admits a stable assignment of workers to firms. This contrasts with existing work on job matching, where stability typically requires workers to be...

Persistent link: https://www.econbiz.de/10005016278

Does Entrepreneurship reduce Unemployment?

Audretsch, D.B.; Carree, M.A.; Thurik, A.R. - Tinbergen Institute - 2001

knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic … particular, our results suggest that innovation efforts have an indirect effect on economic performance via entrepreneurship …

Persistent link: https://www.econbiz.de/10005144397