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Leij, Marco van der; Goyal, Sanjeev - 2006

In this paper we test the celebrated `Strength of weak ties' theory of Granovetter (1973). We test two hypotheses on the network structure in a data set of collaborating economists. While we find support for the hypothesis of transitivity of strong ties, we reject the hypothesis that weak ties...

Persistent link: https://www.econbiz.de/10011348344

Uncertainty avoidance and the rate of business ownership across 22 OECD countries, 1976 - 2000

Wennekers, A. R.; Thurik, Adriaan R.; Stel, Adriaan J. van - 2004

countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second … ownership. This surprisingfinding suggests that a personal trait (risk aversion) and its related cultural characteristic …

Persistent link: https://www.econbiz.de/10011334327

Uncertainty avoidance and the rate of business ownership across 22 OECD countries, 1976 - 2000

Wennekers, A. R.; Thurik, Adriaan R.; Stel, Adriaan J. van - 2003

Persistent link: https://www.econbiz.de/10001884431

The effects of usury ceilings on consumers welfare : evidence from the microcredit market in Colombia

Capera Romero, Laura - 2021

Interest rate caps, also called usury ceilings, are a widely used policy tool to protect consumers from excessive charges by loan providers. However, they are often cited as a barrier for the advancement of financial inclusion, as they may reduce the incentives to provide loans to lower-income...

Persistent link: https://www.econbiz.de/10012591585

Separating real incentives and accountability

Vieider, Ferdinand M. - 2008

reversals between frames, for which incentives have no effect. Incentives on the other hand are found to reduce risk seeking for …

Persistent link: https://www.econbiz.de/10011376460

Starting an R&D project under uncertainty

Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - 2010

differences in risk premia. We deduct testable hypotheses on the basis of which we empirically analyze the impact of uncertainty …

Persistent link: https://www.econbiz.de/10011378299

Inherent efficiency, security markets, and the pricing of investment strategies

Zou, Liang - 2000

This paper applies the dichotomous theory of choice by Zou (2000a) tothe analysis of investmentstrategies and security markets. Issues concerning individualoptimality, (approximate) arbitrage,capital market equilibrium, and Pareto efficiency are studied undervarious market conditions. Among the...

Persistent link: https://www.econbiz.de/10011304380

Investment, expectations and uncertainty : empirical evidence on the relevance of firm size

Koetse, Mark J.; Vlist, Arno J. van der; Groot, Henri … - 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/10011333261

A comonotonic image of independence for additive risk measures

Goovaerts, Marc J.; Kaas, R.; Laeven, Roger J. A.; … - 2004

This paper presents a new axiomatic characterization of risk measures that are additive for independent random … variables. In contrast to previous work, we include an axiom that guarantees monotonicity of the risk measure. Furthermore, the …. The risk measure characterized can be regarded as a mixed exponential premium. …

Persistent link: https://www.econbiz.de/10011334834

Educational choice, initial wage and wage growth

Mazza, Jacopo; Ophem, Hans van - 2020

We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...

Persistent link: https://www.econbiz.de/10012228687

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