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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

The Impact of Uncertainty on Investment: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Institute - 2006

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Persistent link: https://www.econbiz.de/10005137096

Competition and Entry in Banking: Implications for Stability and Capital Regulation

Boot, Arnoud W.A.; Marinc, Matej - Tinbergen Institute

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … show that competition improves the monitoring incentives of better quality banks and deteriorates the incentives of lower … quality banks; and that precisely for those lower quality banks competition typically compromises the effectiveness of capital …

Persistent link: https://www.econbiz.de/10005209515

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Institute - 2008

We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered, some know only the prices and some know neither. We show that two types of signalling...

Persistent link: https://www.econbiz.de/10005136872

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

Quantifying the Scope for Efficiency Defense in Merger Control: The Werden-Froeb-Index

Goppelsroeder, Marie; Schinkel, Maarten Pieter; … - Tinbergen Institute - 2006

This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers. The index measures the weighted average reduction in marginal costs required to restore pre-merger equilibrium prices and quantities after the (full or partial) merger...

Persistent link: https://www.econbiz.de/10005137169

Starting an R&D Project under Uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - Tinbergen Institute - 2009

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...

Persistent link: https://www.econbiz.de/10005016252

Why Are Residents Reluctant to Consult Attending Physicians?

Swank, Otto H. - Tinbergen Institute - 2009

A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...

Persistent link: https://www.econbiz.de/10005016275

R&D Networks

Goyal, Sanjeev; Moraga, José Luis - Tinbergen Institute - 2000

agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives …

Persistent link: https://www.econbiz.de/10005144414

Input versus Output Taxation in an Experimental International Economy

Riedl, Arno; Winden, Frans van - Tinbergen Institute - 2003

This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...

Persistent link: https://www.econbiz.de/10005144436