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An interlock between two firms occurs if the firms share one or more directors in their boards of directors. We explore the effect of interlocks on firm performance for 101 large Dutch firms using a large and new panel database. We use five different performance measures, and for each...
Persistent link: https://www.econbiz.de/10011255468
-competitive wage differential between sectors and a monitoring intensity that is a source of fixed costs for the firm. Growth is driven … by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10011256488
We include initial holdings in the jungle economy of Piccione and Rubinstein (Economic Journal, 2007) in which the unique equilibrium satisfies lexicographic welfare maximization. When we relax assumptions on consumption sets and preferences slightly, equilibria other than lexicographic welfare...
Persistent link: https://www.econbiz.de/10011255490
This paper has a twofold objective. First, we develop a new method to assess the monetary valuefor individuals of external effects. The method makes use of an ordinal index of life satisfaction asscored by individual respondents who are subjected in varying intensity to the external effect....
Persistent link: https://www.econbiz.de/10011255631
This discussion paper resulted in a publication in <I>Transportation Research Part B: Methodological</I> (2011). Vol. 45(10), pages 1545-1559.<P> This paper analyses the cost of access travel time variability for air travelers. Reliable access to airports is important since it is likely that the cost of...</p></i>
Persistent link: https://www.econbiz.de/10011255670
In Europe, company cars are offered by employers as fringe benefits to their employees at a lower price than employees pay in the car market, mainly due to favourable taxation of company cars. We analyse the welfare effects of favourable taxation of company cars for the Netherlands. The...
Persistent link: https://www.econbiz.de/10011255708
This paper presents a method to assess the distribution of values of time, and values of statistical life, over participants to a stated choice experiment, that does not require the researcher to make an a priori assumption on the type of distribution, as is required for example for mixed logit...
Persistent link: https://www.econbiz.de/10011255760
This discussion paper led to a publication in <I>Empirical Economics</I> 2013, 45(3), 1189-1204.<P> We analyse the effects of distortionary company car taxation through increased household carownership for the Netherlands. We use several identification strategies and demonstrate thatfor about 20 percent...</p></i>
Persistent link: https://www.econbiz.de/10011256023
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10011256025
See also the article in <P>Papers in Regional Science</I> (2011). Volume 90, issue 1, pages 67-90.<P> 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...</p></p>
Persistent link: https://www.econbiz.de/10011256105