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Total Factor Productivity and the Mongolian Transition
Chessa, Antonio G.; Schouwstra, Marije C. - Tinbergen Instituut - 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/10011256958
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Investment, Resolution of Risk, and the Role of Affect
Winden, Frans van; Krawczyk, Michal; Hopfensitz, Astrid - Tinbergen Instituut - 2008
risk attitudes weremeasured through a web-based questionnaire before the experiment and participants' preferencesfor … resolution timing, risk, and time were incentive compatibly measured during the experiment.Main findings are that delayed …
Persistent link: https://www.econbiz.de/10011257035
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Measuring and Ranking Value Drivers
Akalu, Mehari Mekonnen - Tinbergen Instituut - 2002
Analysis of the strength of value drivers is crucial to understand their influence in the process of free cash flow generation. The paper addresses the issue of value driver measurement and ranking. The research reveals that, value drivers have similar pattern across industries. Furthermore, it...
Persistent link: https://www.econbiz.de/10011255489
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Analytic Central Path, Sensitivity Analysis and Parametric Linear Programming
Holder, A.G.; Sturm, J.F.; Zhang, S. - Tinbergen Instituut - 1998
In this paper we consider properties of the central path and the analytic center of the optimalface in the context of parametric linear programming. We first show that if the right-hand sidevector of a standard linear program is perturbed, then the analytic center of the optimal face isone-side...
Persistent link: https://www.econbiz.de/10011255635
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The Empirical Economic Growth Literature
Florax, Raymond J.G.M.; Groot, Henri L.F. de; Heijungs, … - Tinbergen Instituut - 2002
The empirical economic growth literature is criticized for its lack ofrobustness. For different definitions of robustness, conclusions vary from 'almost everycorrelation is fragile' to 'a substantial number of explanatory variables are robust.' Were-analyze the empirical results of the economic...
Persistent link: https://www.econbiz.de/10011255799
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Gradient Estimation for a Class of Systems with Bulk Services: A Problem in Public Transportation
Vazquez-Abad, Felisa J.; Heidergott, Bernd - Tinbergen Instituut - 2003
This paper deals with a system where batch arrivals wait in a station until a server (a train) is available, at which moment it services all customers in waiting. This is an example of a bulk server, which has many applications in public transportation, telecommunications, computer resource...
Persistent link: https://www.econbiz.de/10011256323
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Calculation of Stability Radii for Combinatorial Optimization Problems
Chakravarti, Nilotpal; Wagelmans, Albert P.M. - Tinbergen Instituut - 1997
We present algorithms to calculate the stability radius of optimal or approximate solutions of binary programming problems with a min-sum or min-max objective function. Our algorithms run in polynomial time if the optimization problem itself is polynomially solvable. We also extend our results...
Persistent link: https://www.econbiz.de/10011256535
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A Measure-Valued Differentiation Approach to Sensitivity Analysis of Quantiles
Heidergott, Bernd; Volk-Makarewicz, Warren - Tinbergen Instituut - 2013
financial industry. Recently, Hong showed in his breakthrough papers that efficient simulation based estimators can be obtained …
Persistent link: https://www.econbiz.de/10011257156
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Decomposing Portfolio Value-at-Risk: A General Analysis
Hallerbach, Winfried G. - Tinbergen Instituut - 1999
the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …
Persistent link: https://www.econbiz.de/10011256282
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Strategies and Evolution in the Minority Game: A Multi- Round Strategy Experiment
Linde, Jona; Sonnemans, Joep; Tuinstra, Jan - Tinbergen Instituut - 2013
-round strategy method experiment to directly elicit people's strategies. Between rounds participants can adjust their strategy and … experiment are subjected to an evolutionary competition. The strategies people use are very heterogeneous although aggregate …
Persistent link: https://www.econbiz.de/10011256405