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Endogenous Technological Change under Uncertainty

Hek, Paul A. de - Tinbergen Instituut - 2002

How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …

Persistent link: https://www.econbiz.de/10011255608

The Impact of Uncertainty on Investment: A Meta-Analysis

Koetse, Mark J.; Groot, Henri L.F. de; Florax, Raymond … - Tinbergen Instituut - 2006

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Persistent link: https://www.econbiz.de/10011255622

Deliberation, Information Aggregation and Collective Decision Making

Swank, Otto H.; Wrasai, Phongthorn - Tinbergen Instituut - 2002

We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....

Persistent link: https://www.econbiz.de/10011255757

The Economics of Information in Transport

Rietveld, Piet - Tinbergen Instituut - 2010

Travelers often are incompletely informed about travel alternatives, which has important implications for various domains of travel behavior such as whether or not to make a trip, modal choice, the timing of a trip or route choice. During the last decade large efforts have been made to increase...

Persistent link: https://www.econbiz.de/10011255988

Policy Makers, Advisors, and Reputation

Wrasai, Phongthorn; Swank, Otto H. - Tinbergen Instituut - 2004

This discussion paper resulted in an article in the 'Journal of Economic Behavior and Organization' (2007). Volume 62, pages 579-590.<P> When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in...</p>

Persistent link: https://www.econbiz.de/10011256246

Uncertain Technological Change under Capital Mobility

Hek, Paul A. de - Tinbergen Instituut - 2005

is, the growth-uncertainty relationship depends on whether returns to scale in knowledge creation are increasing or non …

Persistent link: https://www.econbiz.de/10011256297

Mapping the Minds of Retirement Planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - Tinbergen Instituut - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10011256396

An Environmental-Economic Assessment of Genetic Modification of Agricultural Crops

Bergh, Jeroen C.J.M. van den; Holley, Justin M. - Tinbergen Instituut - 2001

countries. An overall evaluation requires that attention is given to the perception and endogeneity of uncertainty …

Persistent link: https://www.econbiz.de/10011256472

Climate Change Skepticism in the Face of Catastrophe

Kagan, Mark - Tinbergen Instituut - 2012

This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wageincome going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...

Persistent link: https://www.econbiz.de/10011256637

Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts

Batabyal, Amitrajeet A.; Nijkamp, Peter - Tinbergen Instituut - 2013

Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...

Persistent link: https://www.econbiz.de/10011256729