Tinbergen Institute Discussion Papers

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20130193: In Search of Creative Champions in High-Tech Spaces

Karima Kourtit and Peter Nijkamp

20130192: A Simultaneous Analysis of Turnout and Voting under Proportional Representation: Theory and Experiments

Aaron Kamm and Arthur Schram

20130191: Historical Developments in Bayesian Econometrics after Cowles Foundation Monographs 10, 14

Nalan Baştürk, Cem Cakmakli, Sanli Ceyhan Darendeli and Herman van Dijk

20130190: The Flipside of Comparative Payment Schemes

Thomas Buser and Anna Dreber

20130189: Airline Route Structure Competition and Network Policy

Hugo Emilo Silva, Erik Verhoef and Vincent van den Berg

20130188: The Prediction Value

Maurice Koster, Sascha Kurz, Ines Lindner and Stefan Napel

20130187: Inference on Co-integration Parameters in Heteroskedastic Vector Autoregressions

H. Peter Boswijk, Giuseppe Cavaliere, Anders Rahbek and Robert Taylor

20130186: Short-Selling, Leverage and Systemic Risk

Amelia Pais and Philip Stork

20130185: Competition in the Presence of Individual Demand Uncertainty

Marc Möller and Makoto Watanabe

20130184: Banking Unions: Distorted Incentives and Efficient Bank Resolution

Marius Zoican and Lucyna A. Górnicka

20130183: Individual Team Productivity - A Conceptual Approach

Julia Müller, Thorsten Upmann and Joachim Prinz

20130182: Sustainable Agreements on Stochastic River Flow

Harold Houba and Erik Ansink

20130181: Central Clearing and Asset Prices

Albert Menkveld, Emiliano Pagnotta and Marius Zoican

20130180: The Size Effect in Value and Momentum Factors: Implications for the Cross-section of International Stock Returns

Victoria Atanasov and Thomas Nitschka

20130179: Financial Fragility, Sovereign Default Risk and the Limits to Commercial Bank Bail-outs

Sweder van Wijnbergen and Christiaan van der Kwaak

20130178: Legal Principles in Antitrust Enforcement

Harold Houba, Evgenia Motchenkova and Quan Wen

20130177: Characterizing the Core via k-Core Covers

Estela Sánchez-Rodríguez, Peter Borm, Arantza Estévez-Fernández, M. Gloria Fiestras-Janeiro and Manuel A. Mosquera

20130176: Performance and Relative Incentive Pay: The Role of Social Preferences

Pablo Hernandez-Lagos, Dylan B. Minor and Dana Sisak

20130175: Dynamics and Determinants of Energy Intensity in the Service Sector: A Cross-Country Analysis, 1980–2005

Peter Mulder, Henri de Groot and Birte Pfeiffer

20130174: Paid to Quit

Robert Dur and Heiner Schmittdiel

20130173: Ranking Leading Econometrics Journals using Citations Data from ISI and RePEc

Chia-Lin Chang and Michael McAleer

20130172: Digital Infrastructure and Physical Proximity

Emmanouil Tranos and Peter Nijkamp

20130171: Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria

Marco Helbich, Wolfgang Brunauer, Eric de Noronha Vaz and Peter Nijkamp

20130170: Health and Inequality

Owen O'Donnell, Eddy Van Doorslaer and Tom Van Ourti

20130169: Do Polls create Momentum in Political Competition?

Philipp Denter and Dana Sisak

20130168: A Capital Adequacy Buffer Model

David Allen and Michael McAleer

20130167: Weighted Temporal Utility

Anke Gerber and Kirsten I.M. Rohde

20130166: Regional Inequality and Human Capital Quality: The Impact of Technology on the Arrival Rate of Employment Offers

Stilianos Alexiadis, Konstantinos Eleftheriou and Peter Nijkamp

20130165: Do Income Disparities dissipate across the US States? Experimenting with a Vector Error Correction Model

Stilianos Alexiadis, Konstantinos Eleftheriou and Peter Nijkamp

20130164: Describing the Relationships between Tourist Satisfaction and Destination Loyalty in a Segmented and Digitalized Market

Bart Neuts, João Romão, Eveline van Leeuwen and Peter Nijkamp

20130163: Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts

Amitrajeet Batabyal and Peter Nijkamp

20130162: Preference Elicitation in Generalized Data Envelopment Analysis - In Search of a New Energy Balance in Japan

Soushi Suzuki, Peter Nijkamp and Piet Rietveld

20130161: A Structural Equations Model for Assessing the Economic Performance of High-Tech Ethnic Entrepreneurs

Mediha Sahin, Alina Todiras, Peter Nijkamp, Bart Neuts and Christiaan Behrens

20130160: Accessibility of Cities in the Digital Economy

Emmanouil Tranos, Aura Reggiani and Peter Nijkamp

20130159: Do Floods have Permanent Effects? Evidence from the Netherlands

Trond G. Husby, Henri de Groot, Marjan Hofkes and Martijn Dröes

20130158: Substitution between Cars within the Household

Bruno De Borger, Ismir Mulalic and Jan Rouwendal

20130157: International Environmental Agreements for River Sharing Problems

Harold Houba, Gerard van der Laan and Yuyu Zeng

20130156: Economic Valuation of Liquidity Timing

Dennis Karstanje, Elvira Sojli, Wing Wah Tham and Michel van der Wel

20130155: A Quantile-based Realized Measure of Variation: New Tests for Outlying Observations in Financial Data

Charles Bos and Pawel Janus

20130154: Identifying Cross-Sided Liquidity Externalities

Johannes Skjeltorp, Elvira Sojli and Wing Wah Tham

20130153: Hole in the Wall: Informed Short Selling ahead of Private Placements

Henk Berkman, Michael McKenzie and Patrick Verwijmeren

20130152: Does it pay to invest in Art? A Selection-corrected Returns Perspective

Arthur Korteweg, Roman Kräussl and Patrick Verwijmeren

20130151: A Note on an Estimation Problem in Models with Adaptive Learning

Norbert Christopeit and Michael Massmann

20130150: Price Effects of Sovereign Debt Auctions in the Euro-zone: The Role of the Crisis

Roel Beetsma, Massimo Giuliodori, Frank de Jong and Daniel Widijanto

20130149: Participation Constraints in Pension Systems

Roel Beetsma and Ward Romp

20130148: Space and Knowledge Spillovers in European Regions

Andrea Caragliu and Peter Nijkamp

20130147: Assessment of Local Key Sectors in a Triple-Layer Spatial System

Eveline van Leeuwen, Yoshifumi Ishikawa and Peter Nijkamp

20130146: Crowding Externalities from Tourist Use of Urban Space

Bart Neuts, Peter Nijkamp and Eveline van Leeuwen

20130145: Modelling Tourism Development and Long-run Economic Growth in Aruba

Jorge Ridderstaat, Robertico Croes and Peter Nijkamp

20130144: Homeownership, Unemployment and Commuting Distances

Yuval Kantor, Peter Nijkamp and Jan Rouwendal

20130143: The Wear and Tear on Health: What is the Role of Occupation?

Bastian Ravesteijn, Hans van Kippersluis and Eddy Van Doorslaer

20130142: Interactions between Eurozone and US Booms and Busts: A Bayesian Panel Markov-switching VAR Model

Monica Billio, Roberto Casarin, Francesco Ravazzolo and Herman van Dijk

20130141: From Islands to Hubs of Innovation: Connecting Innovative Regions

Andrea Caragliu and Peter Nijkamp

20130140: An Exploratory Landscape Metrics Approach to Agricultural Changes: Applications of Spatial Economic Consequences for the Algarve, Portugal

Eric de Noronha Vaz, Teresa de Noronha and Peter Nijkamp

20130139: Mobile Phone Data and Urban Analysis: An Exploratory Space – Time Study

Emmanouil Tranos, John Steenbruggen and Peter Nijkamp

20130138: Digital Destinations in the Tourist Sector: A Path Model for the Impact of e-Services on Tourist Expenditures in Amsterdam

Bart Neuts, Joao Romao, Peter Nijkamp and Eveline van Leeuwen

20130137: A Target-Oriented Data Envelopment Analysis for Energy-Environment Efficiency Improvement in Japan

Soushi Suzuki, Peter Nijkamp and Piet Rietveld

20130136: Labour Market Effects of International Fragmentation of Production; Evidence from a Survey and Case Studies in the Dutch Industry

Ebel Berghuis and Frank Den Butter

20130135: Managing Transaction Costs in International Production; Evidence on Entrepreneurship from Case Studies in The Netherlands

Ebel Berghuis and Frank Den Butter

20130134: Firm Formation and Agglomeration under Monopolistic Competition

Stephan Brunow and Peter Nijkamp

20130133: The Firms behind the Regions: Analysis of Regional Innovation Performance in Portugal by External Logistic Biplots

Teresa de Noronha, Purificación Vicente Galindo, Peter Nijkamp and Eric de Noronha Vaz

20130132: Risk-averse and Risk-seeking Investor Preferences for Oil Spot and Futures

Hooi Hooi Lean and Michael McAleer

20130131: Aggressive Reporting and Probabilistic Auditing in a Principles-Based Environment

Suzanne H. Bijkerk, Vladimir Karamychev and Otto Swank

20130130: Modified Ramsey Discounting for Climate Change

Richard Tol

20130129: Self-employment and Health: Barriers or Benefits?

Cornelius A. Rietveld, Hans van Kippersluis and Roy Thurik

20130128: Market Integration Dynamics and Asymptotic Price Convergence in Distribution

Alfredo Garcia-Hiernaux, David Guerrero and Michael McAleer

20130127: Semiparametric Cross Entropy for Rare-Event Simulation

Zdravko Botev, Ad Ridder and Leonardo Rojas-Nandayapa

20130126: A Real Option Perspective on Valuing Gas Fields

Lin Zhao and Sweder van Wijnbergen

20130125: Expectations in Experiments

Florian Wagener

20130124: Reconciling Consumption Inequality with Income Inequality

Vadym Lepetyuk and Christian Stoltenberg

20130123: Overreporting vs. Overreacting: Commuters' Perceptions of Travel Times

Stefanie Peer, Jasper Knockaert, Paul Koster and Erik Verhoef

20130122: Sequential Monte Carlo for Counting Vertex Covers in General Graphs

Radislav Vaisman, Zdravko Botev and Ad Ridder

20130121: Forecasting Earnings Forecasts

Bert de Bruijn and Philip Hans Franses

20130120: Coarse Tolling with Heterogeneous Preferences

Vincent van den Berg

20130119: The Causal Effect of Retirement on Mortality - Evidence from Targeted Incentives to retire early

Hans Bloemen, Stefan Hochguertel and Jochem Zweerink

20130118: The Impact of China on Stock Returns and Volatility in the Taiwan Tourism Industry

Chia-Lin Chang, Hui-Kuang Hsu and Michael McAleer

20130117: Tender Auctions with Existing Operators Bidding

Vincent van den Berg

20130116: Measuring Pattern, Amplitude and Timing Differences between Monetary and Non-Monetary Seasonal Factors of Tourism - the Case of Aruba

Jorge Ridderstaat and Peter Nijkamp

20130115: Dynamics in Aceh and North Sumatera after the Twin Disasters: An Investigation into the Relevance of the Locational Fundamental Theory

Aloysius Brata, Henri de Groot and Piet Rietveld

20130114: Volatility Smirk as an Externality of Agency Conflict and Growing Debt

Marcin Jaskowski and Michael McAleer

20130113: Predicting Covariance Matrices with Financial Conditions Indexes

Anne Opschoor, Dick van Dijk and Michel van der Wel

20130112: Superstars need Social Benefits: An Experiment on Network Formation

Boris van Leeuwen, Theo Offerman and Arthur Schram

20130111: Estimating Structural Parameters in Regression Models with Adaptive Learning

Norbert Christopeit and Michael Massmann

20130110: Socio-cultural Diversity and Urban Buzz

Daniel Arribas-Bel, Karima Kourtit and Peter Nijkamp

20130109: Herding Behaviour, Bubbles and Log Periodic Power Laws in Illiquid Stock Markets. A Case Study on the Bucharest Stock Exchange

Daniel Traian Pele, Miruna Mazurencu-Marinescu and Peter Nijkamp

20130108: A Multi-Actor Multi-Criteria Analysis of the Performance of Global Cities

Karima Kourtit, Cathy Macharis and Peter Nijkamp

20130107: Modelling R&D and Innovation Support Systems – Analysis of Regional Cluster Structures in Innovation in Portugal

Teresa de Noronha, Purificación Vicente Galindo and Peter Nijkamp

20130106: The Creative Urban Diaspora Economy: A Disparity Analysis among Migrant Entrepreneurs

Karima Kourtit, Peter Nijkamp and Daniel Arribas-Bel

20130105: A Stepwise Efficiency Improvement DEA Model for Airport Management with a Fixed Runway Capacity

Soushi Suzuki and Peter Nijkamp

20130104: The Rat Race between World Cities: In Search of Exceptional Places by Means of Super-Efficient Data Development Analysis

Karima Kourtit, Peter Nijkamp and Soushi Suzuki

20130103: Residents’ Appreciation of Cultural Heritage in Tourist Centres - A Micro-simulation Modelling Approach to Amsterdam

Eveline van Leeuwen, Karima Kourtit and Peter Nijkamp

20130102: The Spatial-Institutional Architecture of Firms’ Innovative Behaviour

Eric de Noronha Vaz, Teresa de Noronha and Peter Nijkamp

20130101: Costly Location in Hotelling Duopoly

Jeroen Hinloopen and Stephen Martin

20130100: Adoption of Electric Vehicle in the Netherlands – A Stated Choice Experiment

Marija Bockarjova, Piet Rietveld and J.S.A. Knockaert

20130099: Innovate or imitate? Behavioural Technological Change

Cars Hommes and Paolo Zeppini

20130098: International Technology Diffusion of Joint and Cross-border Patents

Chia-Lin Chang, Michael McAleer and Ju-Ting Tang

20130097: Stationarity and Ergodicity Regions for Score Driven Dynamic Correlation Models

Francisco Blasques, Andre Lucas and Erkki Silde

20130096: The Economics of First-Contract Mediation

Sabien Dobbelaere and Roland Iwan Luttens

20130095: Allocation of Human Capital and Innovation at the Frontier: Firm-level Evidence on Germany and the Netherlands

Eric Bartelsman, Sabien Dobbelaere and Bettina Peters

20130094: Resource Extraction in a Political Economy Framework

Karolina Ryszka