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Prospects of Tools from Differential Games in the Study Of Macroeconomics of Climate Change

Engwerda, Jacob - Tilburg University, Center for Economic Research - 2012

(dynamic) game theory. A rough literature review is provided and some items open for future research are indicated. …

Persistent link: https://www.econbiz.de/10011091021

Rigotti, L.; Ryan, M.; Vaithianathan, R. - Tilburg University, Center for Economic Research - 2001

This paper constructs an equilibrium model of entrepreneurial innovation where individuals differ in their attitude … toward uncertainty.Unlike previous models of innovation, the firm-formation process is endogenous.An entrepreneur, who owns …'s willingness to work with the uncertain technology.The general equilibrium setting allows us to explore the impact of innovation on …

Persistent link: https://www.econbiz.de/10011092399

Trust, Social Capital and Economic Development

Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2003

Many argue that elements of a society s norms, culture or social capital are central to understanding its development.However, these notions have been difficult to capture in economic models.Here we argue that trustworthiness is the economically relevant component of a society s culture and...

Persistent link: https://www.econbiz.de/10011090823

Culture and Development : An Analytical Framework

Francois, P.; Zabojnik, J. - Tilburg University, Center for Economic Research - 2001

This paper develops a framework which analyzes how a population's culture affects the decisions of rational profit maximizing firms, while simultaneously exploring how the actions of these firms in turn affect the population's culture.By endogenizing culture as well as the more usual economic...

Persistent link: https://www.econbiz.de/10011092624

Animal Spirits Meets Creative Destruction

Francois, P.; Lloyd-Ellis, H. - Tilburg University, Center for Economic Research - 2001

We show how a Schumpeterian process of creative destruction can induce coordination in the timing of entrepreneurial activities across diverse sectors of the economy.Consequently, a multi-sector economy, in which sector-specific, productivity improvements are made by independent, profit-seeking...

Persistent link: https://www.econbiz.de/10011092449

Optimal Timing of Technology Adoption

Huisman, Kuno; Kort, Peter; Farzin, Y.H. - Tilburg University, Center for Economic Research - 1996

Persistent link: https://www.econbiz.de/10011091023

Legal Institutions and Economic Development

Beck, Thorsten - Tilburg University, Center for Economic Research - 2010

Legal institutions are critical for the development of market-based economies. This paper defines legal institutions and discusses different indicators to measure their quality and efficiency. It surveys a large historical and empirical literature showing the importance of legal institutions in...

Persistent link: https://www.econbiz.de/10011091987

Impact of the Financial Crisis

Vriesendorp, R.D.; Gramatikov, M.A. - Tilburg University, Center for Economic Research - 2010

Persistent link: https://www.econbiz.de/10011092458

Debt Stabilization Games in the Presence of Risk Premia

Engwerda, Jacob; van Aarle, B.; Plasmans, J.E.J.; … - Tilburg University, Center for Economic Research - 2012

Abstract: As a result of the recent financial crisis and the ensuing economic recession, fiscal deficits have soared in many OECD countries. As a consequence, government debt has been on the rise again after a period of stable or declining government debt. In this paper we analyze debt...

Persistent link: https://www.econbiz.de/10011090876

Learning in Sender-Receiver Games

DeJong, D.V.; Blume, A.; Neumann, G. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011091563

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