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Comparative Analysis of Litigation Systems: An Auction-Theoretic Approach
Baye, Michael R.; Kovenock, Dan; Vries, Casper G. de - Tinbergen Instituut - 2000
A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of a disputed asset is unknown to the court. The court observes only the quality of the case presented by each party, and awards the asset to the party presenting the best case....
Persistent link: https://www.econbiz.de/10011256628
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An Optimal Signaling Equilibrium
Karamychev, Vladimir; Visser, Bauke - Tinbergen Instituut - 2011
This paper analyses the optimal combination of costly and costless messages that a Sender uses in a signaling game if he is able to choose among all equilibrium communication strategies. We provide a complete characterization of the equilibrium that maximizes the Sender's ex ante expected...
Persistent link: https://www.econbiz.de/10011257422
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Endogenous Technological Change under Uncertainty
Hek, Paul A. de - Tinbergen Instituut - 2002
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this question, a model of endogenous technological change is used where sustained growth stems from intentional investments in R&D from profit-maximizing firms. The uncertainty arises...
Persistent link: https://www.econbiz.de/10011255608
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Uncertain Technological Change under Capital Mobility
Hek, Paul A. de - Tinbergen Instituut - 2005
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative effect on the average growth rate of output. This theoretical ambiguity result is not solely determined by the value of the elasticity of intertemporal substitution (of...
Persistent link: https://www.econbiz.de/10011256297
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Endogenous Technological Change under Uncertainty
Hek, Paul A. de - Tinbergen Institute - 2002
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this question, a model of endogenous technological change is used where sustained growth stems from intentional investments in R&D from profit-maximizing firms. The uncertainty arises...
Persistent link: https://www.econbiz.de/10005137138
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Uncertain Technological Change under Capital Mobility
Hek, Paul A. de - Tinbergen Institute - 2005
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative effect on the average growth rate of output. This theoretical ambiguity result is not solely determined by the value of the elasticity of intertemporal substitution (of...
Persistent link: https://www.econbiz.de/10005137381
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The Firms behind the Regions: Analysis of Regional Innovation Performance in Portugal by External Logistic Biplots
Noronha, Teresa de; Galindo, Purificación Vicente; … - Tinbergen Instituut - 2013
The strategic choices regarding innovation and R&D policy in Portugal have, over the last two decades, produced various … with respect to gross production, investment and employment generation. Meanwhile, one of the greatest public policy … firms located throughout the country, and to explore those innovation determinants that have a region-specific connotation …
Persistent link: https://www.econbiz.de/10011255850
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Evolutionary Thinking in Environmental Economics
Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 2007
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011256552
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Evolutionary Thinking in Environmental Economics
Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 2007
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10005144510
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Errors in Judicial Decisions
Sonnemans, Joep; Dijk, Frans van - Tinbergen Instituut - 2008
In criminal cases the task of the judge is to transform the uncertainty about the facts into the certainty of the verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective probability of guilt and verdict for abstract cases. We look at...
Persistent link: https://www.econbiz.de/10011255690