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The Methodology of Modern Macroeconomics and the Descriptive Approach to Discounting
Vermeylen, Koen - Tinbergen Instituut - 2013
then use the insights from this thought experiment to point out some pitfalls of the modern macroeconomic methodology. …
Persistent link: https://www.econbiz.de/10011257067
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Relating Stochastic Volatility Estimation Methods
Bos, Charles S. - Tinbergen Instituut - 2011
Estimation of the volatility of time series has taken off since the introduction of the GARCH and stochastic volatility models. While variants of the GARCH model are applied in scores of articles, use of the stochastic volatility model is less widespread. In this article it is argued that one...
Persistent link: https://www.econbiz.de/10011257075
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A Bayesian Analysis of Unobserved Component Models using Ox
Bos, Charles S. - Tinbergen Instituut - 2011
Estimation of the volatility of time series has taken off since the introduction of the GARCH and stochastic volatility models. While variants of the GARCH model are applied in scores of articles, use of the stochastic volatility model is less widespread. In this articleit is argued that one...
Persistent link: https://www.econbiz.de/10011257295
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Using Break Quantities for Tactical Optimisation in Multistage Distribution Systems
Kleijn, Marcel J.; Dekker, Rommert - Tinbergen Instituut - 1997
marketing process, and a qualitative and quantitative analysis on the implications for the transportation and inventory costs …
Persistent link: https://www.econbiz.de/10011257520
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The Impact of Gender Diversity on the Performance of Business Teams: Evidence from a Field Experiment
Hoogendoorn, Sander; Oosterbeek, Hessel; Praag, Mirjam van - Tinbergen Instituut - 2011
This discussion paper resulted in an article in <I>Management Science</I>. Volume 59 issue 7, pages 1514-1528.<P> This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business...</p></i>
Persistent link: https://www.econbiz.de/10011272579
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Skill Variety, Innovation and New Business Formation
Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - Tinbergen Instituut - 2014
We extend Lazear’s theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical … commercial value. Our findings support the notion that entrepreneurship can be learned. …
Persistent link: https://www.econbiz.de/10011272604
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Spatial Activity and Labour Market Patterns
Russo, Giovanni; Reggiani, Aura; Nijkamp, Peter - Tinbergen Instituut - 2005
The spatial activity patterns of firms in a multi-regional system are closely connected with the structure and evolution of regional labour markets. Based on an extensive data set (cross-section) on commuting flows in Germany, this paper aims to identify the relationship between entrepreneurial...
Persistent link: https://www.econbiz.de/10011255458
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Risk, Balanced Skills and Entrepreneurship
Hsieh, Chihmao; Parker, Simon C.; Praag, C. Mirjam van - Tinbergen Instituut - 2011
-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the … effects of risk aversion on selection into entrepreneurship. …
Persistent link: https://www.econbiz.de/10011255496
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Uncertainty Avoidance and the Rate of Business Ownership across 22 OECD Countries, 1976-2000
Wennekers, Sander; Thurik, Roy; Stel, André van; … - Tinbergen Instituut - 2003
countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …, suggesting that risingopportunity costs of entrepreneurship are the dominant perception in this cultural environment. In a …
Persistent link: https://www.econbiz.de/10011255529
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It's the Opportunity Cost, stupid! How Self-Employment responds to Financial Incentives of Return, Risk and Skew
Berkhout, Peter; Hartog, Joop; Praag, Mirjam van - Tinbergen Instituut - 2011
There is no robust empirical support for the effect of financial incentives on the decision to work in selfemploymentrather than as a wage earner. In the literature, this is seen as a puzzle. We offer a focus on theopportunity cost, i.e. the wages given up as an employee. Information on income...
Persistent link: https://www.econbiz.de/10011255541