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Committees as active audiences : reputation concerns and information
Swank, Otto H.; Visser, Bauke - 2018
payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such … inconclusive environments, in equilibrium, a member's internal (peer) reputation is based on deliberation patterns, while member …'s external (market) reputation is based on the observed group decision. Either form of reputation concerns create strategic …
Persistent link: https://www.econbiz.de/10011895815
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Dynamic efficiency of product market competition : Cournot versus Bertrand
Hinloopen, Jeroen; Vandekerckhove, Jan - 2007
Persistent link: https://www.econbiz.de/10003645028
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
Persistent link: https://www.econbiz.de/10008746634
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Contests with rank-order spillovers
Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2009
Persistent link: https://www.econbiz.de/10003874381
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Exploiting spillovers to forecast crashes
Gresnigt, Francine; Kole, Erik; Franses, Philip Hans - 2015
We develop Hawkes models in which events are triggered through self as well as cross-excitation. We examine whether incorporating cross-excitation improves the forecasts of extremes in asset returns compared to only self-excitation. The models are applied to US stocks, bonds and dollar exchange...
Persistent link: https://www.econbiz.de/10011376256
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Pros and cons of "backing winners" in innovation policy
Butter, Frank A. G. den; Jo, Seung-gyu - 2009
game theory of the firm. A theoretical case for picking winners through a preferential innovative policy is discussed in a …
Persistent link: https://www.econbiz.de/10011377579
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10011382085
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Trade reform and labor market dynamics
Botman, Dennis P. J.; Tieman, Alexander F. - 1999
We present an equilibrium-search model with heterogenous workers whosearch for a job in one of two sectors and who lose part of theirskills during unemployment. We show that an import tariff increasethe wage and the employment prospects in the protected sector. Thisresults in a labor market...
Persistent link: https://www.econbiz.de/10011302149
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Skill intensity in foreign trade and economic growth
Wörz, Julia - 2004
This paper explores the link between trade structure, trade specialization and per capita incomegrowth. It is argued that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of structural change in industrial import patterns is in...
Persistent link: https://www.econbiz.de/10011335211
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Space and growth
Abreu, Maria; Groot, Henri L. F. de; Florax, Raymond J. … - 2004
literature. In contrast, studies on relative location tend to be weakly linked to theory, but apply relatively sophisticated … appropriateness of such models, and identify areas of potential concern. The rather weak linkage between theory and operational models …
Persistent link: https://www.econbiz.de/10011342567