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Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Institute - 2002

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer- sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this plan are tax-deductible, and the returns as well as the withdrawals are...

Persistent link: https://www.econbiz.de/10005795582

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - Tinbergen Institute - 2003

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...

Persistent link: https://www.econbiz.de/10005136956

US and European Household Debt and Credit Constraints

Crook, Jonathan; Hochguertel, Stefan - Tinbergen Institute - 2007

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

Persistent link: https://www.econbiz.de/10005137368

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Institute - 2008

We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors and effort choice (moral hazard). Partial insurance is available through voluntary unemployment insurance (UI). Additional incentives to sign insurance contracts stem from a...

Persistent link: https://www.econbiz.de/10005144470

Importance of E-services for Cultural Tourism

Leeuwen, Eveline van; Nijkamp, Peter - Tinbergen Institute - 2011

of e-services in urban cultural tourism. Its aim is to map out the relative drivers of cultural visitors to cities with a … impact on cultural heritage visitors and the tourism sector in general. In addition, it is also important to note that …

Persistent link: https://www.econbiz.de/10009201136

Regional Efficiency Improvement by Means of Data Envelopment Analysis through Euclidean Distance Minimization including Fixed Input Factors – An Application to Tourist Regions in I...

Suzuki, Soushi; Nijkamp, Peter; Rietveld, Piet - Tinbergen Institute - 2011

Standard Data Envelopment Analysis (DEA) is characterized by uniform proportional input reduction or output augmentation in calculating improvement projections. This paper develops a new Euclidean Distance Minimization model in the context of DEA in order to derive a more appropriate...

Persistent link: https://www.econbiz.de/10009201129

A Firm's First Year

Abbring, Jaap H.; Campbell, Jeffrey R. - Tinbergen Institute - 2005

This paper determines the structural shocks that shape a firm's first year by estimating a structural model of firm growth, learning, and survival using monthly sales histories from 305 Texas bars. We find that heterogeneity in firms' pre-entry scale decisions accounts for about 40% of their...

Persistent link: https://www.econbiz.de/10005136867

The Unique-lowest Sealed-bid Auction

Houba, Harold; Laan, Dinard van der; Veldhuizen, Dirk - Tinbergen Institute - 2008

Unique-lowest sealed-bid auctions are auctions in which participation is endogenous and the winning bid is the lowest bid among all unique bids. Such auctions admit very many Nash equilibria (NEs) in pure and mixed strategies. The two-bidders' auction is similar to the Hawk-Dove game, which...

Persistent link: https://www.econbiz.de/10005136936

Efficiency and Productivity of Italian Tourist Destinations: A Quantitative Estimation based on Data Envelopment Analysis and the Malmquist Method

Cracolici, Maria Francesca; Nijkamp, Peter - Tinbergen Institute - 2006

This paper aims to provide a statistical analysis of the relative economic performance of Italian tourist areas. It uses two modelling approaches to estimate the competitiveness of these regions, viz. data envelopment analysis (DEA) and the Malmquist method. Our results show that the...

Persistent link: https://www.econbiz.de/10005137006

Assessment of Tourist Competitiveness by analysing Destination Efficiency

Cracolici, Francesca; Rietveld, Piet; Nijkamp, Peter - Tinbergen Institute - 2006

economics literature on tourism. The reason for this interest emerges from both the increasing economic importance of the … tourist sector and the increasing competition on the tourist market as a consequence of the transition from mass tourism to a … new age of tourism that calls for a tailor-made approach to the specific attitudes and needs of tourists. The central …

Persistent link: https://www.econbiz.de/10005137208