Simulation is a popular tool for analyzing complex systems. However, simulation models are often difficult to build and require significant time to run. We often need to invest much money and time to use a simulation model of a complex system. To benefit more from a simulation investment, we may...

This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The...

As a result of the surging rate of technological innovation in the last decades, firms in high-technology industries increasingly rely on alliances to tap into external knowledge sources and to develop new products and services. While alliances are of vital importance to many firms to develop...

Essays on Promises, Trust and Disclosure’ consists of three chapters. The<br/>first chapter studies whether disclosure of advisors’ interests to advice<br/>recipients can mitigate the problem of biased advice. The results of the<br/>study suggest that deceptive advice and mistrust are equally frequent<br/>with...

This thesis consists of six chapters related to applications of network analysis’<br/>methods for financial stability. The first chapter introduces the network perspective as a new mapping technique for studying and understanding financial markets’architecture. The second chapter breaks down the...

When individuals generate benefits from their cooperation, allocation<br/>problems may occur regarding how much of the benefit from the<br/>cooperation each individual should take. In many economic situations,<br/>defining the contribution of each individual in a fair way is essential. This<br/>thesis is on...

When comparing the transparency of the ECB now with the transparency of the<br/>ECB about one decade ago, we notice that transparency still can be improved in<br/>a few ways. In particular the disclosure related to the ways decisions are reached<br/>and the disclosure on its policy (what is the envisioned path...

This thesis has three chapters and focuses on the performance of banks and on corporate culture. The first two chapters focus on bank performance and economic expectations. Specifically, the first chapter sheds light on the consistency between investors’ reaction to merger announcement and...

This dissertation examines the importance of non-financial determinants for the individual retirement age. Recent increases in statutory retirement ages around the world point to the relevance of this issue. Financial incentives alone cannot fully explain observed retirement behavior.<br/><br/>Chapter 2...