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Risk, Balanced Skills and Entrepreneurship

Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Instituut - 2011

This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch … university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk …

Persistent link: https://www.econbiz.de/10011255496

Efficient Allocation of Land between Productive Use and Recreational Use - An Application to Galician Case

Giménez, Eduardo L.; González-Gómez, Manuel - Tinbergen Instituut - 2001

In this paper the efficient allocation of natural recreational areasis analysed. Natural recreational areas have the features of publicgoods. We present the efficient allocation of this non-excludablepublic good in a rational general equilibrium model withheterogeneous agents. This allows us to...

Persistent link: https://www.econbiz.de/10011256338

Measuring the Economic Value of a Marine Protection Program against the Introduction of Non-Indigenous Species in the Netherlands

Nunes, Paulo A.L.D.; Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 2002

Harmful algal bIoom species are the cause of important damages to marine living resources and human beings. These marine species are primarily introduced in North-European waters through ballast water, i.e. water trans-ported across the oceans so as to keep a vessel in balance. Port authorities...

Persistent link: https://www.econbiz.de/10011257533

Changing with the Tide: Semi-Parametric Estimation of Preference Dynamics

Dekker, Thijs; Koster, Paul; Brouwer, Roy - Tinbergen Instituut - 2013

choice experiment on flood risk exposure in the Netherlands. A semi-parametric local multinomial logit model (L-MNL) is … throughout the choice sequence. The observed preference dynamics puts the use of choice experiments at risk of generating biased …

Persistent link: https://www.econbiz.de/10011255753

Assessing the Economic and Political Impacts of Climate Change on International River Basins using Surface Wetness in the Zambezi and Mekong Basins

Blankespoor, Brian; Basist, Alan; Dinar, Ariel; Dinar, … - Tinbergen Instituut - 2014

Many river basins will likely face higher hydrologic variability, including extreme floods and droughts, due to climate change, with economic and political consequences. Water treaties that govern international basins could face non-compliance among riparians and inter-state tensions as...

Persistent link: https://www.econbiz.de/10011255792

Statistical Modelling of Extreme Rainfall in Taiwan

Chu, Lan-Fen; McAleer, Michael; Chang, Ching-Chung - Tinbergen Instituut - 2013

In this paper, the annual maximum daily rainfall data from 1961 to 2010 are modelled for 18 stations in Taiwan. We fit the rainfall data with stationary and non-stationary generalized extreme value distributions (GEV), and estimate their future behaviour based on the best fitting model. The...

Persistent link: https://www.econbiz.de/10011255813

Scale, Scope and Cognition: Context Analysis of Multiple Stated Choice Experiments on the Values of Life and Limb

Bockarjova, Marija; Rietveld, Piet; Verhoef, Erik T. - Tinbergen Instituut - 2012

reduction of risk to life and limb. We perform context analysis to test the robustness of fatality risk valuation throughout … risks were present (risks of fatality, injury and evacuation) to an experiment where only fatality risk is valued. We find …

Persistent link: https://www.econbiz.de/10011256155

Composite Valuation of Immaterial Damage in Flooding: Value of Statistical Life, Value of Statistical Evacuation and Value of Statistical Injury

Bockarjova, Marija; Rietveld, Piet; Verhoef, Erik T. - Tinbergen Instituut - 2012

evacuation may dominate depending on the prevailing floor risk circumstances. This implies that, first, VOSL is not an adequate …

Persistent link: https://www.econbiz.de/10011256324

Adaptation for Mitigation

Ikefuji, Masako; Magnus, Jan; Sakamoto, Hiroaki - Tinbergen Instituut - 2014

This paper develops a dynamic model consisting of two regions (North and South), in which the accumulation of human capital is negatively influenced by the global stock of pollution. By characterizing the equilibrium strategy of each region, we show that the regions' best responses can be...

Persistent link: https://www.econbiz.de/10011256464

Resource Extraction in a Political Economy Framework

Ryszka, Karolina - Tinbergen Instituut - 2013

We analyze resource extraction in a political economy setting by introducing a political leader who optimizes both his own and the society's welfare function. We find that accounting for the private utility of a political elite, its higher discount rate and a different time horizon generally...

Persistent link: https://www.econbiz.de/10011256563