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Research among Copycats: R&D, Spillovers, and Feedback Strategies
Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2014
We study a stochastic dynamic game of process innovation in which firms can initiate and terminate R&D efforts and production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as on the likely structure of newly forming markets, for...
Persistent link: https://www.econbiz.de/10011265234
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In Defense of Trusts: R&D Cooperation in Global Perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2013
Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the …
Persistent link: https://www.econbiz.de/10011256291
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Banking and Trading
Boot, Arnoud W.A.; Ratnovski, Lev - Tinbergen Instituut - 2012
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … benefits conglomeration, but beyond some point inefficiencies dominate. The deepening of financial markets in recent decades … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …
Persistent link: https://www.econbiz.de/10011256147
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; Vries, … - Tinbergen Institute - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10005136889
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The Effects of Liquidity Regulation on Bank Assets and Liabilities
Duijm, Patty; Wierts, Peter - Tinbergen Instituut - 2014
Under Basel III rules, banks become subject to a liquidity coverage ratio (LCR) from 2015 onwards, to promote short …
Persistent link: https://www.econbiz.de/10011256455
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; Vries, … - Tinbergen Instituut - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10011257219
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Cost Reducing Investment, Competition and Industry Dynamics
Petrakis, Emmanuel; Roy, Santanu - Tinbergen Instituut - 1998
We demonstrate the possibility of shake-out of firms and emergence of inter-firmheterogeneity along the (socially optimal) dynamic equilibrium path of a competitive industry with freeentry and exit, even when there is no uncertainty and all firms are ex ante identical with perfectforesight....
Persistent link: https://www.econbiz.de/10011255543
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Markov-Perfect Nash Equilibria in Models with a Single Capital Stock
Dockner, Engelbert J.; Wagener, Florian O.O. - Tinbergen Instituut - 2006
differential equations that helps us to explore stability, continuity and differentiability of MPNE. The techniques are used to …
Persistent link: https://www.econbiz.de/10011255863
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Microeconomic Evidence of Creative Destruction in Industrial and Developing Countries
Bartelsman, Eric J.; Haltiwanger, John; Scarpetta, Stefano - Tinbergen Instituut - 2004
In this paper we provide an analysis of the process of creative destruction across 24 countries and 2-digit industries over the past decade. We rely on a newly assembled dataset that draws from different micro data sources (business registers, census, or representative enterprise surveys). The...
Persistent link: https://www.econbiz.de/10011255936
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Markov-Perfect Nash Equilibria in Models with a Single Capital Stock
Dockner, Engelbert J.; Wagener, Florian O.O. - Tinbergen Institute - 2006
differential equations that helps us to explore stability, continuity and differentiability of MPNE. The techniques are used to …
Persistent link: https://www.econbiz.de/10005144483