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The microfinance sector is an example of a sector in which firms with different business models coexist. Next to pure for-profit microfinance institutions MFIs, the sector has room for non-profit organizations, and includes social for-profit firms that aim to maximize a double bot- tom line and...
Persistent link: https://www.econbiz.de/10010734892
We study the evolution of imitation behaviour in a differentiated market where firms are located equidistantly on a Salop circle. Firms choose price and quantity simultaneously, leaving open the possibility for non-market clearing outcomes. The strategy of the most successful firm is imitated....
Persistent link: https://www.econbiz.de/10010734893
Using representative household panel data, we show that the investment behavior of households is related to the economic locus of control of household heads. A households internal locus of control in economic issues is positively related to its decision to hold risky assets as well as its share...
Persistent link: https://www.econbiz.de/10010734894
This paper studies an alternative approach to construct confidence intervals for parameter estimates of the Lee-Carter model. First, the procedure of obtaining confidence intervals using regular nonparametric i.i.d. bootstrap is specified. Empirical evidence seems to invalidate this approach as...
Persistent link: https://www.econbiz.de/10010734895
We study the effect that a series of fundamentalist-Islamic terrorist attacks in Europe had on the attitudes of Muslim immigrants in the Netherlands towards integration. Shortly after the attacks, Muslim immigrants perceived integration, as measured by various indicators, decreased significantly...
Persistent link: https://www.econbiz.de/10010734896
We analyze the relation between time preferences, study effort, and academic performance among first-year Business and Economics students. Time preferences are measured by stated preferences for an immediate payment over larger delayed payments. Data on study efforts are derived from an...
Persistent link: https://www.econbiz.de/10010774754
We examine the relationship between bank size and financial stability by viewing the supervisor of a banking system as an investor holding a portfolio of banks. Based on this view, we investigate the role of large banks in determining the systemic risk in this portfolio. Our results, based on...
Persistent link: https://www.econbiz.de/10010779343
This paper analyses the relationship between a universitys expenditure per student and its position in international university rankings. We take into account other factors that are expected to play a role, such as university mission, size, and productive inefficiency. We formalise these...
Persistent link: https://www.econbiz.de/10010779344
This paper investigates empirically the behavior of Credit Rating Agencies CRAs when assessingsovereign solvency for European countries. Using Probit regressions I find that even after controllingfor macroeconomic factors, CRAs take the business cycle into account. Also, there is a clear case...
Persistent link: https://www.econbiz.de/10010782025
In a single framework, I address the question of the informational basis for evaluating social states. I particularly focus on information about individual welfare, individual preferences and individual (moral) judgments, but the model is also open to any other informational input deemed...
Persistent link: https://www.econbiz.de/10011146925