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de Martí, Joan; Zenou, Yves - Institute for the Study of Labor (IZA) - 2009

network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …

Persistent link: https://www.econbiz.de/10008558948

Determinants and Policy Simulation of Firms Cooperation in Innovation

Heshmati, Almas; Lenz-Cesar, Flávio - Institute for the Study of Labor (IZA) - 2013

This research introduces an agent-based simulation model representing the dynamic processes of cooperative R&D in the manufacturing sector of South Korea. Firms' behavior is defined according to empirical findings on the Korean Innovation Survey 2005 and captured in a multivariate probit...

Persistent link: https://www.econbiz.de/10010884320

In Search of Stars: Network Formation among Heterogeneous Agents

Goeree, Jacob K.; Riedl, Arno; Ule, Aljaz - Institute for the Study of Labor (IZA) - 2005

This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by … network has a "star" structure. We find that with homogeneous agents, equilibrium predictions fail completely. In contrast …

Persistent link: https://www.econbiz.de/10005703123

Efficient Coordination in Weakest-Link Games

Riedl, Arno; Rohde, Ingrid M.T.; Strobel, Martin - Institute for the Study of Labor (IZA) - 2011

Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people are able to coordinate on efficient outcomes, provided they have sufficient freedom to...

Persistent link: https://www.econbiz.de/10009403395

Forecasting Time Series Subject to Multiple Structural Breaks

Pesaran, M. Hashem; Pettenuzzo, Davide; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

This paper provides a novel approach to forecasting time series subject to discrete structural breaks. We propose a Bayesian estimation and prediction procedure that allows for the possibility of new breaks over the forecast horizon, taking account of the size and duration of past breaks (if...

Persistent link: https://www.econbiz.de/10005763710

The Effect of Children on the Level of Labor Market Involvement of Married Women: What is the Role of Education?

Troske, Kenneth; Voicu, Alexandru - Institute for the Study of Labor (IZA) - 2009

We analyze the way women's education influences the effect of children on their level of labor market involvement. We propose an econometric model that accounts for the endogeneity of labor market and fertility decisions, for the heterogeneity of the effects of children and their correlation...

Persistent link: https://www.econbiz.de/10005763917

Job Durations with Worker and Firm Specific Effects: MCMC Estimation with Longitudinal Employer-Employee Data

Horny, Guillaume; Mendes, Rute; den Berg, Gerard J. van - Institute for the Study of Labor (IZA) - 2009

We study job durations using a multivariate hazard model allowing for worker-specific and firm-specific unobserved determinants. The latter are captured by unobserved heterogeneity terms or random effects, one at the firm level and another at the worker level. This enables us to decompose the...

Persistent link: https://www.econbiz.de/10005070420

The Effect of the Timing and Spacing of Births on the Level of Labor Market Involvement of Married Women

Troske, Kenneth; Voicu, Alexandru - Institute for the Study of Labor (IZA) - 2009

We use panel data from NLSY79 to analyze the effects of the timing and spacing of births on the labor supply of married women in a framework that accounts for the endogeneity of labor market and fertility decisions, the heterogeneity of the effects of children and their correlation with the...

Persistent link: https://www.econbiz.de/10005015467

Joint Estimation of Sequential Labor Force Participation and Fertility Decisions Using Markov Chain Monte Carlo Techniques

Troske, Kenneth R.; Voicu, Alexandru - Institute for the Study of Labor (IZA) - 2004

In this paper we estimate the causal effect of children on the labor supply of women using panel data on women from the 1979 National Longitudinal Survey of Youth (NLSY79). We examine the effect of children both prior to and after birth as well as how the effect of children varies with the...

Persistent link: https://www.econbiz.de/10005762032

Empirical Modeling of Deprivation Contagion among Social Exclusion Dimensions (Using MCMC Methods)

Poggi, Ambra; Ramos, Xavier - Institute for the Study of Labor (IZA) - 2007

Economic theory and empirical evidence clearly show that social exclusion dimensions are inter-related. Notwithstanding that, dimensions are usually assumed independent from one another in the economics literature. In this paper we explore the inter-dependency of social exclusion dimensions and...

Persistent link: https://www.econbiz.de/10005822888