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The Impact of China on Stock Returns and Volatility in the Taiwan Tourism Industry

Chang, Chia-Lin; Hsu, Hui-Kuang; McAleer, Michael - Tinbergen Instituut - 2013

This discussion paper resulted in a publication in The North American Journal of Economics and Finance (2014). Volume 29(C), pages 381-401. This paper investigates the stock returns and volatility size effects for firm performance in the Taiwan tourism industry, especially the impacts arising...

Persistent link: https://www.econbiz.de/10011255765

From Tradition to Modernity: Economic Growth in a Small World

Lindner, Ines; Strulik, Holger - Tinbergen Instituut - 2012

Accepted for publication in the Journal of Development Economics. This paper introduces the Small World model (Watts and Strogatz, Nature, 1998) into the theory of economic growth and investigates how increasing economic integration affects firm size and efficiency, norm enforcement, and...

Persistent link: https://www.econbiz.de/10011255851

Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries

Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - Tinbergen Instituut - 2004

In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...

Persistent link: https://www.econbiz.de/10011255936

Investment, Expectations and Uncertainty: Empirical Evidence on the Relevance of Firm Size

Koetse, Mark J.; Vlist, Arno J. van der; Groot, Henri … - Tinbergen Instituut - 2003

This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch firms in 1997. Weestimate several models...

Persistent link: https://www.econbiz.de/10011257051

Imitation of Cooperation in Prisoner's Dilemma Games with Some Local Interaction

Janssen, Maarten C.W. - Tinbergen Instituut - 2000

, the less likely cooperation will be. …

Persistent link: https://www.econbiz.de/10011255944

Fostering Cooperation through the Enhancement of Own Vulnerability

Kopanyi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - Tinbergen Instituut - 2012

We consider the possibility that cooperation in a prisoner's dilemma is fostered by people's voluntarily enhancement of … cooperate when either one of these mechanisms is allowed. In agreement with theory, subjects aiming for cooperation choose … higher vulnerability levels in Gradual than in Leap, which maps into higher mutual cooperation levels. …

Persistent link: https://www.econbiz.de/10011255969

The Role and Evolution of Central Authorities

Frijters, Paul; Tieman, Alexander F. - Tinbergen Instituut - 1999

In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re …

Persistent link: https://www.econbiz.de/10011256474

The Importance of Emotions for the Effectiveness of Social Punishment

Hopfensitz, Astrid; Reuben, Ernesto - Tinbergen Instituut - 2005

This paper experimentally explores how the enforcement of cooperative behavior in a social dilemma is facilitated through institutional as well as emotional mechanisms. Recent studies emphasize the importance of negatively valued emotions, such as anger, which motivate individuals to punish free...

Persistent link: https://www.econbiz.de/10011256568

The Design of (De)centralized Punishment Institutions for Sustaining Co-operation

Kosfeld, Michael; Riedl, Arno - Tinbergen Instituut - 2004

cooperation and sanctioning', 2007, KritV - Kritische Vierteljahresschrift fur Gesetzgebung und Rechtswissenschaft, 90, 1 …, and whether they can increase the cooperation level of individuals in the group. …

Persistent link: https://www.econbiz.de/10011256917

The Breakdown of Morale

Vikander, Nick - Tinbergen Instituut - 2009

encourage cooperation may actually hurt morale, by convincing opportunistic team members to imitate and later take advantage of …

Persistent link: https://www.econbiz.de/10011256982