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Suurmond, Guido; Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2002

Can vanity do any good? It may seem obvious to answer this question in the negative, as economists have shown how reputational concerns lead agents e.g. to ignore valuable information, to herd, and to become overly risk averse. We explore how proud agents may be a social blessing. An agent may...

Persistent link: https://www.econbiz.de/10011255970

More means Worse – Asymmetric Information, Spatial Displacement and Sustainable Heritage Tourism

Caserta, Silvia; Russo, Antonio Paolo - Tinbergen Instituut - 2001

quality goods and keep up the reputation of the destination as demandcontinues to grow, producers need to gain a mark-up on …

Persistent link: https://www.econbiz.de/10011256142

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. 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...

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

The Consequences of Endogenizing Information for Herd Behavior

Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2003

In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...

Persistent link: https://www.econbiz.de/10011256752

When Galatea cares about her Reputation: How having Faith in your Workers reduces their Motivation to shine

Kamphorst, Jurjen J.A.; Swank, Otto H. - Tinbergen Instituut - 2010

develop a theory of leadership that focuses on the role managersplay in motivating employees through their attitude towards … employeeswho are driven by concerns about their reputation for being able. When employeesare driven by monetary rewards and care …

Persistent link: https://www.econbiz.de/10011257220

Equilibrium Directed Search with Multiple Applications

Albrecht, James; Gautier, Pieter; Vroman, Susan - Tinbergen Instituut - 2003

We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....

Persistent link: https://www.econbiz.de/10011249546

Auctions with Flexible Entry Fees

Janssen, Maarten; Karamychev, Vladimir A.; Maasland, Emiel - Tinbergen Instituut - 2009

This discussion paper led to an article in Games and Economic Behavior (2011). Vol. 72, pp. 594-601. There is by now a large literature arguing that auctions with a variety of after-market interactions may not yield an efficient allocation of the objects for sale, especially when the bidders...

Persistent link: https://www.econbiz.de/10011255544

Mean and Bold?

Witte, Kristof De; Dijkgraaf, Elbert - Tinbergen Instituut - 2007

See also the article 'Mean and bold: on separating merger economies from structural efficiency gains in the drinking … benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly, merger activity arose. This paper develops … a tailored nonparametric model to dissect and distinguish the effects on efficiency of these two evolutions. In …

Persistent link: https://www.econbiz.de/10011255577

Simultaneous Search and Network Efficiency

Gautier, Pieter A.; Holzner, Christian L. - Tinbergen Instituut - 2011

When workers send applications to vacancies they create a network. Frictionsarise because workers typically do not know where other workers apply to and firmsdo not know which candidates other firms consider. The first coordination frictionaffects network formation, while the second coordination...

Persistent link: https://www.econbiz.de/10011256115

Efficiency Effects of Unit-based Pricing Systems and Institutional Choices of Waste Collection

Dijkgraaf, Elbert; Gradus, Raymond - Tinbergen Instituut - 2014

Much attention has been paid to the influence of the institutional form of waste collection on costs. We extend this literature in three directions by including the unit-based pricing system. First, we show that unit-based pricing systems are more important from a cost-minimizing point of view...

Persistent link: https://www.econbiz.de/10011256148