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Myopic Loss Aversion : Information Feedback vs. Investment Flexibility

Bellemare, C.; Krause, M.; Kroger, S.; Zhang, C. - Tilburg University, Center for Economic Research - 2004

We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the … investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices …

Persistent link: https://www.econbiz.de/10011091408

Strategic Capital Budgeting : Asset Replacement Under Uncertainty

Kort, Peter; Pawlina, G. - Tilburg University, Center for Economic Research - 2001

which adds flexibility in timing of the investment decision.This flexibility introduces an option value of waiting which …

Persistent link: https://www.econbiz.de/10011091411

Economic Hedging Portfolios

Werker, Bas J.M.; van den Goorbergh, R.W.J.; de Roon, F.A. - Tilburg University, Center for Economic Research - 2003

-weighted approximate replication of the economic risk variables using the investment opportunity set, as opposed to the unweighted hedging …

Persistent link: https://www.econbiz.de/10011091561

Strategic Investment Under Uncertainty : Merging Real Options with Game Theory

Huisman, Kuno; Kort, Peter; Pawlina, G.; Thijssen, J.J.J. - Tilburg University, Center for Economic Research - 2003

As becomes apparent from the standard text books in industrial organization (cf.Tirole, 1988, The Theory of Industrial Organization), the analysis of the e.ects of uncertainty within this field is yet underdeveloped.This paper shows that the new theory of strategic real options can be used to...

Persistent link: https://www.econbiz.de/10011091572

Contrarian Investment Strategies in a European Context

Brouwer, I.; van der Put, J.; Veld, C.H. - Tilburg University, Center for Economic Research - 1996

In this paper we study value strategies for four European countries (France, Germany, the Netherlands and the United Kingdom).We find an outperformance for all four value variables which are investigated: the earnings-to-price (E/P) ratio, the cash-flow-to-price (CF/P) ratio, the book-to-market...

Persistent link: https://www.econbiz.de/10011091668

Investment in Oligopoly under Uncertainty : The Accordion Effect

Huisman, Kuno; Kort, Peter; Bouis, R. - Tilburg University, Center for Economic Research - 2006

In the strategic investment under uncertainty literature the trade off between the value of waiting known from single … effect in terms of investment thresholds is detected in the sense that an exogenous demand shock results in a change of the … wedge between the investment thresholds of the first and second investors that is qualitatively different from the change of …

Persistent link: https://www.econbiz.de/10011091736

Privatization, public investment and capital income taxation

Huizinga, Harry P.; Nielsen, S.B. - Tilburg University, Center for Economic Research - 1997

Persistent link: https://www.econbiz.de/10011091799

An experiment on risk taking and evaluation periods

Potters, Jan; Gneezy, U. - Tilburg University, Center for Economic Research - 1996

Persistent link: https://www.econbiz.de/10011091877

Sustainability and Substitution of Exhaustible Natural Resources : How Resource Prices Affect Long-Term R&D Investments

Smulders, Sjak; Bretschger, L. - Tilburg University, Center for Economic Research - 2003

Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth.By analysing a multi-sector R&D based endogenous growth model with exhaustible...

Persistent link: https://www.econbiz.de/10011091935

Why Individual Investors want Dividends

Dong, M.; Robinson, C.; Veld, C.H. - Tilburg University, Center for Economic Research - 2003

The question of why individual investors want dividends is investigated by submitting a questionnaire to a Dutch consumer panel.The respondents indicate that they want dividends, partly because the transaction costs of cashing in dividends are lower than the transaction costs involved in selling...

Persistent link: https://www.econbiz.de/10011092049