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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
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On the Evolution of Collective Enforcement Institutions : Communities and Courts
Prüfer, Jens; Masten, S.E. - Tilburg University, Center for Economic Research - 2011
Impersonal exchange has been a major driver of economic development. But transactors with no stake in maintaining an ongoing relationship have little incentive to honor deals. Therefore, all economies have developed institutions to support honest trade and realize the gains of impersonal...
Persistent link: https://www.econbiz.de/10011090830
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Productivity Growth and the Labor Market
Schaik, Ton van; van de Klundert, Theo - Tilburg University, Center for Economic Research - 2010
The productivity slowdown in Europe since the mid-1990s is a reason for concern. Labour market rigidity, hampering innovation, may be a cause of the slowdown. In the paper this argument is placed in a broader perspective. Labour force participation is an important factor in explaining...
Persistent link: https://www.econbiz.de/10011091465
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From Ultimatum to Nash Bargaining : Theory and Experimental Evidence
Müller, Wieland; Fischer, S.; Güth, W.; Stiehler, A. - Tilburg University, Center for Economic Research - 2003
Persistent link: https://www.econbiz.de/10011090988
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Endogenous Timing in Duopoly : Experimental Evidence
Müller, Wieland; Fonseca, M.A.; Normann, H.T. - Tilburg University, Center for Economic Research - 2005
In this paper we experimentally investigate the extended game with observable delay of Hamilton and Slutsky (Games Econ.Beh., 1990).Firms bindingly announce a production period (one out of two periods) and then they produce in the announced sequence.Theory predicts simultaneous production in...
Persistent link: https://www.econbiz.de/10011091156
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Voters' Commitment Problem and Welfare-Program Reforms
Hollanders, D.A.; Vis, B. - Tilburg University, Center for Economic Research - 2009
compatible. This results from a commitment problem on the part of voters. Due to economic voting voters cannot credibly commit to … reelect a non-reforming government during a recession. The empirical implication of this voter commitment mechanism is that …
Persistent link: https://www.econbiz.de/10011092149
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Regulation of Network Infrastructure Investments : An Experimental Evaluation
Noussair, Charles; Henze, B.; Willems, Bert - Tilburg University, Center for Economic Research - 2011
This paper reports the results of an experiment evaluating three regulatory schemes for network infrastructure, in terms of their ability to generate efficient levels of capacity investment. We compare the performance of (1) price cap regulation, (2) a regulatory holiday for new capacity, and...
Persistent link: https://www.econbiz.de/10011091044
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The Impact of Competition on Bank Orientation and Specialization
Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003
How do banks react to increased interbank competition?Recent banking theory offers conflicting predictions about the … impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and …
Persistent link: https://www.econbiz.de/10011090384
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Bank Competition and Stability : Cross-country Heterogeneity (Revised version of CentER DP 2011-080)
Beck, Thorsten; De Jonghe, Olivier; Schepens, G. - Tilburg University, Center for Economic Research - 2012
Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank … in competition will have a larger impact on banks’ fragility in countries with stricter activity restrictions, lower …
Persistent link: https://www.econbiz.de/10011090475
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Rubinstein auctions : On competition for bargaining partners
Chatterjee, K.; Dutta, B. - Tilburg University, Center for Economic Research - 1994
Persistent link: https://www.econbiz.de/10011090521