Tinbergen Institute Discussion Papers

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20110179: Optimal Pricing of Flights and Passengers at Congested Airports: The Efficiency of Atomistic Charges

Hugo E. Silva and Erik Verhoef

20110178: Risk, Balanced Skills and Entrepreneurship

Chihmao Hsieh, Simon Parker and Mirjam Praag

20110177: Estimating Loss Functions of Experts

Philip Hans Franses, Rianne Legerstee and Richard Paap

20110176: Conditional Probabilities and Contagion Measures for Euro Area Sovereign Default Risk

Xin Zhang, Bernd Schwaab and Andre Lucas

20110175: Long Memory Dynamics for Multivariate Dependence under Heavy Tails

Pawel Janus, Siem Jan Koopman and Andre Lucas

20110174: Discrimination in the Labor Market: The Curse of Competition between Workers

Thomas de Haan, Theo Offerman and Randolph Sloof

20110173: The Labor Market in the Great Recession: An Update

Michael Elsby, Bart Hobijn, Aysegul Sahin and Robert Valletta

20110172: Combining Predictive Densities using Nonlinear Filtering with Applications to US Economics Data

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

20110171: Halal Certification for Financial Products: A Transaction Cost Perspective

Raphie Hayat, Frank Den Butter and Udo Kock

20110170: Output Commitment through Product Bundling: Experimental Evidence

Jeroen Hinloopen, Wieland Mueller and Hans-Theo Normann

20110169: Financial Protection of Patients through Compensation of Providers: The Impact of Health Equity Funds in Cambodia

Gabriela Flores, Por Ir, Chean R. Men, Owen O'Donnell and Eddy Van Doorslaer

20110168: Working for a Good Cause

Robert Dur and Robin Zoutenbier

20110167: Vignette Equivalence and Response Consistency; The Case of Job Satisfaction

Ada Ferrer-i-Carbonell, Bernard van Praag and Ioannis Theodossiou

20110166: Antitrust Enforcement and Marginal Deterrence

Harold Houba, Evgenia Motchenkova and Quan Wen

20110165: It's the Opportunity Cost, stupid! How Self-Employment responds to Financial Incentives of Return, Risk and Skew

Peter Berkhout, Joop Hartog and Mirjam Praag

20110164: Two Values for Transferable Utility Games with Coalition and Graph Structure

Rene van den Brink, Gerard van der Laan and Nigel Moes

20110163: Labor Market Dynamics and Technology Adoption: Theory and Empirical Evidence

Stilianos Alexiadis, Konstantinos Eleftheriou and Peter Nijkamp

20110162: The Institutional Economics of Stakeholder Consultation; Reducing Implementations Costs through 'Matching Zones'

Frank Den Butter and Sjoerd ten Wolde

20110161: From Expert Judgment to Model based Monetary Analysis: The Case of the Dutch Central Bank in the Postwar Period

Frank Den Butter and Harro B.J.B. Maas

20110160: A Rising Natural Rate of Unemployment: Transitory or Permanent?

Mary Daly, Bart Hobijn, Aysegul Sahin and Robert Valletta

20110159: Unemployment Dynamics in the OECD

Michael Elsby, Bart Hobijn and Aysegul Sahin

20110158: Aggregate Real Wages: Macro Fluctuations and Micro Drivers

Mary C. Daly, Bart Hobijn and Theodore S. Wiles

20110157: Which Industries are shifting the Beveridge Curve?

Régis Barnichon, Michael Elsby, Bart Hobijn and Aysegul Sahin

20110156: Efficiency Effects of Privatising Refuse Collection: Be careful and Alternatives present

Elbert Dijkgraaf and Raymond Gradus

20110155: Measurement of Inequity in Health Care with Heterogeneous Response of Use to Need

Ellen Van de Poel, Eddy Van Doorslaer and Owen O'Donnell

20110154: Measuring and Predicting Heterogeneous Recessions

Cem Çakmaklı, Richard Paap and Dick van Dijk

20110153: An Experimental Study of Credible Deviations and ACDC

Adrian de Groot Ruiz, Theo Offerman and Sander Onderstal

20110152: The Impact of Mobile Telephone Use on Economic Development of Households in Uganda

Sanne Lise Blauw and Philip Hans Franses

20110151: Self-Confidence and Strategic Deterrence

Gary Charness, Aldo Rustichini and Jeroen van de Ven

20110150: Market Liquidity and Exposure of Hedge Funds

Arjen Siegmann and Denitsa Stefanova

20110149: Are Chinese Individuals prone to Money Illusion?

Heleen Mees and Philip Hans Franses

20110148: An Optimal Signaling Equilibrium

Vladimir Karamychev and Bauke Visser

20110147: Migrants and International Economic Linkages: A Meta-Overview

Masood Gheasi, Peter Nijkamp and Piet Rietveld

20110146: State Aid and Bank Intervention: The ING Illiquid Assets Back-up Facility (IABF)

Sweder van Wijnbergen and Leontine Treur

20110145: Identifying US Monetary Policy Shocks through Sign Restrictions in Dollarized Countries

Alessandro Gobbi and Tim Willems

20110144: The Time-Varying Volatility of Earnings and Aggregate Precautionary Savings

Lorenzo Pozzi

20110143: Effects of Health on Own and Spousal Employment and Income using Acute Hospital Admissions

Pilar Garcia-Gomez, Hans van Kippersluis, Owen O'Donnell and Eddy Van Doorslaer

20110142: A Multi-Scenario Forecast of Urban Change: A Study on Urban Growth in the Algarve

Eric de Noronha Vaz, Peter Nijkamp, Marco Painho and Mario Gaetano

20110141: Do Experts incorporate Statistical Model Forecasts and should they?

Rianne Legerstee, Philip Hans Franses and Richard Paap

20110140: Crowding Perception in a Tourist City: A Question of Preference

Bart Neuts and Peter Nijkamp

20110139: From Mind to Market: A Global, Dynamic Analysis of R&D

Jeroen Hinloopen, Grega Smrkolj and Florian Wagener

20110138: Modelling Issues in Kernel Ridge Regression

Peter Exterkate

20110137: Instrumental Variables, Errors in Variables, and Simultaneous Equations Models: Applicability and Limitations of Direct Monte Carlo

Arnold Zellner, Tomohiro Ando, Nalan Baştürk, Lennart Hoogerheide and Herman van Dijk

20110136: Migration and Foreign Direct Investment: Education Matters

Masood Gheasi, Peter Nijkamp and Piet Rietveld

20110135: Do Experts' SKU Forecasts improve after Feedback?

Rianne Legerstee and Philip Hans Franses

20110134: Directional Imbalance in Transport Prices: An Application to Inland Shipping in North-West Europe

Olaf Jonkeren, Jos van Ommeren and Piet Rietveld

20110133: Consumer Valuation of Driving Range: A Meta-Analysis

Alexandros Dimitropoulos, Piet Rietveld and Jos van Ommeren

20110132: The Analysis of Stochastic Volatility in the Presence of Daily Realised Measures

Siem Jan Koopman and Marcel Scharth

20110131: Backtesting Value-at-Risk using Forecasts for Multiple Horizons, a Comment on the Forecast Rationality Tests of A.J. Patton and A. Timmermann

Lennart F. Hoogerheide, Francesco Ravazzolo and Herman van Dijk

20110130: Asymptotically Informative Prior for Bayesian Analysis

Ao Yuan and Jan G. Gooijer

20110129: Regional Population-Employment Dynamics across Different Sectors of the Economy

Thomas Graaff, Frank Oort and Raymond Florax

20110128: Independence Axioms for Water Allocation

Rene van den Brink, Arantza Estevez-Fernandez, Gerard van der Laan and Nigel Moes

20110127: The Myerson Value and Superfluous Supports in Union Stable Systems

Encarnacion Algaba, Jesus Mario Bilbao, Rene van den Brink and Jorge J. Lopez

20110126: Sovereigns, Upstream Capital Flows and Global Imbalances

Laura Alfaro, Sebnem Kalemli-Ozcan and Vadym Volosovych

20110125: Forecasting Volatility with Copula-Based Time Series Models

Oleg Sokolinskiy and Dick van Dijk

20110124: A Note on the Shapley Value for Characteristic Functions on Bipartitions

Sander Muns

20110123: Combination Schemes for Turning Point Predictions

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

20110122: Sparse and Robust Factor Modelling

Christophe Croux and Peter Exterkate

20110121: Estimating the Effects of Recent Disability Reforms in The Netherlands

Jan-Maarten Van Sonsbeek and Raymond Gradus

20110120: The Effects of Prize Spread and Noise in Elimination Tournaments: A Natural Field Experiment

Josse Delfgaauw, Robert Dur, Arjan Non and Willem Verbeke

20110119: Knowledge Virtualization and Local Connectedness among Smart High-tech Companies

Marina van Geenhuizen and Peter Nijkamp

20110118: Second-degree Price Discrimination and Inter-group Effects in Airline Routes between European Cities

Marco Alderighi, Alessandro Cento, Peter Nijkamp and Piet Rietveld

20110117: Continuous-Time Modelling with Spatial Dependence

Johan H.L. Oud, Henk Folmer, Roberto Patuelli and Peter Nijkamp

20110116: Cognitive Capital and Islands of Innovation: The Lucas Growth Model from a Regional Perspective

Andrea Caragliu and Peter Nijkamp

20110115: Intention-Based Reciprocity and the Hidden Costs of Control

Ferdinand von Siemens

20110114: Commuter Effects on Local Labour Markets: A German Modelling Study

Giovanni Russo, Federico Tedeschi, Aura Reggiani and Peter Nijkamp

20110113: A Stepwise Projection Data Envelopment Analysis for Public Transport Operations in Japan

Soushi Suzuki and Peter Nijkamp

20110112: Immigration and Innovation in European Regions

Ceren Ozgen, Peter Nijkamp and Jacques Poot

20110111: Connectivity and Concentration in Airline Networks: A Complexity Analysis of Lufthansa's Network

Aura Reggiani, Peter Nijkamp and Alessandro Cento

20110110: Regional Efficiency Improvement by Means of Data Envelopment Analysis through Euclidean Distance Minimization including Fixed Input Factors - An Application to Tourist Regions in Italy

Soushi Suzuki, Peter Nijkamp and Piet Rietveld

20110109: Importance of E-services for Cultural Tourism

Eveline van Leeuwen and Peter Nijkamp

20110108: Free Medicines thanks to Retirement: Moral Hazard and Hospitalization Offsets in an NHS

Jaume Puig-Junoy, Pilar Garcia-Gomez and David Casado-Marin

20110107: Institutional Capacity to dynamically innovate: An Application to the Portuguese Case

Purificacion Vicente Galindo, Teresa de Noronha and Peter Nijkamp

20110106: Analysis of Regional Innovation Performance in Portugal - Results from an External Logistic Biplot Method

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

20110105: Behaviour of Humans and Behaviour of Models in Dynamic Space

Peter Nijkamp

20110104: Regional Labour Markets and Job Accessibility in City Network Systems in Germany

Aura Reggiani, Pietro Bucci, Giovanni Russo, Anette Haas and Peter Nijkamp

20110103: The Economic Impact of Immigration on the Labor Market of Host Countries - Meta-Analytic Evidence

Simonetta Longhi, Peter Nijkamp and Jacques Poot

20110102: Trade-offs between Different Early Childhood Interventions: Evidence from Ecuador

Jose Rosero and Hessel Oosterbeek

20110101: Winning by Losing: Evidence on Overbidding in Mergers

Ulrike Malmendier, Enrico Moretti and Florian Peters

20110100: Distortionary Company Car Taxation: Deadweight Losses through Increased Car Ownership

Jos van Ommeren and Eva Gutiérrez-i-Puigarnau

20110099: Consumer Search Costs and the Incentives to merge under Bertrand Competition

Jose Moraga-Gonzalez and Vaiva Petrikaite

20110098: Childhood Intelligence and Adult Mortality in the Brabant Data Set: Technical Report

Jan Cramer

20110097: Childhood Intelligence and Adult Mortality in the Brabant Data Set: First Report

Jan Cramer

20110096: Teleworking and Congestion: A Dynamic Bottleneck Analysis

Sergejs Gubins and Erik Verhoef

20110095: The Deterrence Effects of U.S. Merger Policy Instruments

Joseph Clougherty and Jo Seldeslachts

20110094: Management Practices: Are Not For Profits Different?

Josse Delfgaauw, Robert Dur, Carol Propper and Sarah Smith

20110093: Bayesian Forecasting of Federal Funds Target Rate Decisions

Sjoerd van den Hauwe, Dick van Dijk and Richard Paap

20110092: Simultaneous Search and Network Efficiency

Pieter Gautier and Christian Holzner

20110091: Capital Structure and the Redeployability of Tangible Assets

Murillo Campello and Erasmo Giambona

20110090: Monte Carlo Maximum Likelihood Estimation for Generalized Long-Memory Time Series Models

Geert Mesters, Siem Jan Koopman and Marius Ooms

20110089: An Owen-Type Value for Games with Two-Level Communication Structures

Rene van den Brink, Anna Khmelnitskaya and Gerard van der Laan

20110088: A Comparison of Bias Approximations for the 2SLS Estimator

Maurice J.G. Bun and Frank Windmeijer

20110087: A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts

Pieter Gautier and Aico van Vuuren

20110086: New Characterizations for Largeness of the Core

Arantza Estevez-Fernandez

20110085: Geographic Concentration of Business Services Firms: A Poisson Sorting Model

Hans Koster, Jos van Ommeren and Piet Rietveld

20110084: Risk Measures for Autocorrelated Hedge Fund Returns

Antonio Di Cesare, Philip Stork and Casper de Vries

20110083: On the Exact Finite Sample Distribution of the L1 -FCvM Test Statistic

Jeroen Hinloopen

20110082: Bayesian Combinations of Stock Price Predictions with an Application to the Amsterdam Exchange Index

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

20110081: The Regional Impact of Monetary Policy in Indonesia

Masagus M Ridhwan, Henri de Groot, Piet Rietveld and Peter Nijkamp

20110080: From First-Release to Ex-Post Fiscal Data: Exploring the Sources of Revision Errors in the EU

Roel Beetsma, Benjamin Bluhm, Massimo Giuliodori and Peter Wierts