Amsterdam School of Economics. Annual Research Report 2013

Transcription

1 Amsterdam School of Economics Annual Research Report 2013

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3 Amsterdam School of Economics Preface The 2013 annual research report of the University of Amsterdam School of Economics (ASE) provides information on the organisation, activities and results of ASE-RI. With the funding of the institute, staff members publish in and edit international journals, attend and organise international conferences and workshops, and write and supervise dissertations. After a decline in research input and output (number of publications in international A and B journals) in the years following the faculty reorganisation, both have started to increase again in Moreover, some researchers managed to get their work published or accepted for publication in top journals. Relative to the large number of completed dissertations in recent years, 2013 has seen a decline, which can be partly explained by the small number of students appointed in Since then, the ASE has attracted a larger number of new PhD students, and this continues to be the case in 2013; not only from the MPhil programme of the Tinbergen Institute, but also from the European Doctorate in Economics program funded by Erasmus Mundus (EDEEM). Because this is a continuation of a trend, this implies that we may expect the number of completed dissertations to rise again after As in previous years, a large proportion of the ASE research input was funded externally. Furthermore, researchers from the ASE continue to be highly visible in public debates on issues such as pension reform and the financial and sovereign debt crisis. Our research priority area on Behavioural Economics has continued to flourish, and various researchers continue to develop new initiatives to apply for large national and European research funds. I would like to end in thanking all research staff for their contributions. Prof. dr. H. Peter Boswijk Director of the Amsterdam School of Economics Research Institute 1

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5 Table of Contents Part A. The Research Institute Chapter 1: Institutional review Mission statement Organisation Strategy and policy...7 Chapter 2: Input Researchers and other personnel Resources, funding and facilities Chapter 3: Current state of affairs Processes in research, internal and external collaboration Academic reputation Overview of results Relevance to society Chapter 4: Research Priority Area: Behavioural Economics Background Focus Organisation Part B. The Research Programmes Chapter 5: UvA-Econometrics Members of the research group and research in FTEs Programme Design Programme evaluation Resources and funding Output Chapter 6: Equilibrium, Expectations & Dynamics Members of the research group and research in FTEs Programme design Programme evaluation Resources and Funding Output Chapter 7: Actuarial Science & Mathematical Finance Members of the research group and research in FTEs Programme design Programme evaluation Resources and funding Output Chapter 8: Industrial Statistics Members of the research group and research in FTEs Programme design Programme evaluation Resources and funding Output

6 Chapter 9: MInt - Macro and International Economics Members of the research group and research in FTEs Programme design Programme evaluation Resources and funding Output Chapter 10: Human Capital Members of the research group and research in FTEs Programme design Programme evaluation Resources and funding output Chapter 11: Experimental & Political Economics (CREED) Members of the research group and research in FTEs Programme design Programme evaluation Resources and Funding Output Chapter 12: Markets & Organizations Members of the research group and research in FTEs Programme design Programme evaluation Resources and Funding Output Chapter 13: SEO Economic Research Members of the research group and research in FTEs Programme design Programme Evaluation Resources and Funding Output

7 A THE RESEARCH INSTITUTE 5

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9 CHAPTER 1: INSTITUTIONAL OVERVIEW 1.1 MISSION STATEMENT ASE-RI (Amsterdam School of Economics Research Institute) facilitates and promotes research at ASE to foster the academic ideal of intertwined university teaching and research. The institute aims for research results that significantly improve our understanding of the operation of economic systems, the behaviour of agents in the economy and the effects of economic policies. ASE-RI aims to appraise researcher performance and to provide a directive for further research with its standards for research. Research time is allocated to researchers based on their performance. 1.2 ORGANISATION ASE-RI, the research institute of the Amsterdam School of Economics, is one of the two research institutes of the Faculty of Economics & Business (FEB); the other being the research institute of the Amsterdam Business School (ABS-RI). ASE-RI is the successor of RESAM (Research in EconomicS and econometrics AmsterdaM), which was established in 1998 after the MUB (Wet Modernisering Universitair Bestuur: law on the modernization of university management) came into effect. ASE-RI covers the wide area of economics and econometrics. Research is organised in Research Programmes, which are directed by Programme leaders who are experts with core positions in the curriculum. Stimulating research that significantly improves our understanding of the economy is meant as a focus on fundamental research. In many cases, the inspiration for research questions derives from practical problems in business and society as well as from pressing problems for government policies, as is only natural for a social science. But the research results should primarily be reported to the international academic community and assessed against the quality standards that apply there. Such permanent quality assessment feeds back into the quality of teaching and of advice given to business and the government. Contributions to public debates should be a consequence of developing reliable knowledge about the economy rather than a primary goal. ASE-RI closely co-operates with the Tinbergen Institute, where many of ASE-RI s researchers are appointed as fellow. The Tinbergen Institute also acts as the graduate school for ASE-RI students. 1.3 STRATEGY AND POLICY ASE-RI aims to reach its goals by organising, stimulating and monitoring Research Programmes. Annually, programme performance is assessed. Means are allocated to programmes based on performance. Research coverage is not directed and controlled by the Faculty s management, but develops in an open competitive environment. General policy issues are discussed by the Council of Programme Directors. Faculty members in the Amsterdam School of Economics are assigned time annually for research based on their publication records in the past three years. In this way ASE-RI provides incentives to increase the quality and quantity of output. Publications are graded by quality level of the outlet. For journals, ASE-RI distinguishes: A: excellent, international top level. Publications set directions for research, by approach and by method, select topics and set standards for analytical and methodological level. B: good international level. Publications meet high analytic and methodological standards but have far less influence on direction and standards for future research. 7

10 Other refereed and non-refereed journals. Journals satisfy the minimum norm of aiming for an international or national audience, applying blind refereeing, and publish in an accessible language. Analytical and methodological standards satisfy a generally accepted minimum level. ASE-RI has drawn up a list of rankings of publication outlets (journals, publishing houses, conference proceedings (see the ASE-RI website The minimum norm for adequate research performance is formulated as 100 points over the past three years. An A-level publication counts for 100 points and a B-level publication counts for 50 points. Other publications are worth no points. Individual authors of a publication with N authors each get a share of 2/(1+N) points of the publication. Research time assigned to individuals is related to publication points over the past three years as follows: 100 or more: 0.5 fte 50-99: 0.25 fte 1-49: fte 0: 0 fte For faculty members with part-time positions, norms and research time are adjusted proportionally. Fellows of the Tinbergen Institute, the graduate research school in which UvA, EUR and VU cooperate, are allotted the maximum research time for a period of three years, at 0.5 of their working hours. Admission as a TI Fellow is based on A- and B-level publications only (TI has its own grading of publications). ASE-RI also stimulates concentration of the School s research in Research Programmes by other means (such as providing an annual budget for conference visits and other academic activities to the Research Programmes). 8

11 CHAPTER 2: INPUT 2.1 RESOURCES AND OTHER PERSONNEL Personnel policy and human resource management are the domain of the department chairs and section heads. ASE-RI encourages the sections to hire good researchers and to stimulate faculty to increase the quality and quantity of academic publications, and has a vote in promotion and tenure decisions. Broader strategy issues concerning hiring and firing are discussed within the Amsterdam School of Economics management team and this has resulted in a document on personnel policies in which the requirements that current and new staff should meet are clearly defined. Tenured positions are only awarded to people who meet the admission requirements for fellowship of an accredited research school (preferably the Tinbergen Institute). The tables below give information on ASE-RI faculty. Table I shows that the overall research capacity dropped in 2011 when the consequenses of a major reorganisation of the Faculty of Economics and Business showed. In 2012, the total number of research staff slowly picked up again, due to inflow of staff hired in the second and third flows of funds and of PhD students. In 2013 the research capacity kept increasing. Table I: Input research staff at institutional level (FTE) fte WP 1 (first flow of funds, excl. Ph.D.'s) 25,83 21,31 18,83 19,14 WP 2 (second flow of funds, excl. Ph.D.'s) 6,87 6,32 7,83 8,38 WP 3 (third flow of funds, excl. Ph.D.'s) 36,36 24,73 33,76 33,67 Ph.D. students 18,45 18,91 22,13 28,25 Total Research staff 87,51 71,27 82,55 89,44 Support staff ASE-RI(bureau) 0,84 1,00 1,00 0,89 Total Staff 88,35 72,27 83,55 90,33 Table II: Input research staff at programme level (FTE) UvA-Econometrics fte WP 1 (first flow of funds, excl. Ph.D.'s) 5,73 3,96 2,68 2,09 WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0,60 0,80 0,80 WP 3 (third flow of funds, excl. Ph.D.'s) 0,10 0,00 0,00 0,00 Ph.D. students 0,00 1,45 3,20 3,47 Total Research staff 5,83 6,01 6,68 6,36 Operations Research & Management fte WP 1 (first flow of funds, excl. Ph.D.'s) 2,45 0, WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0, WP 3 (third flow of funds, excl. Ph.D.'s) 0,00 0, Ph.D. students 0,00 0,

12 Equilibrium, Expecatations & Dynamics fte WP 1 (first flow of funds, excl. Ph.D.'s) 2,86 2,91 2,64 2,41 WP 2 (second flow of funds, excl. Ph.D.'s) 0,80 0,60 1,67 2,67 WP 3 (third flow of funds, excl. Ph.D.'s) 1,11 0,08 0,80 0,74 Ph.D. students 2,55 3,83 2,73 3,60 Total Research staff 7,32 7,42 7,84 9,42 Actuarial Science fte WP 1 (first flow of funds, excl. Ph.D.'s) 1,75 0,96 0,75 1,16 WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0,60 1,82 1,40 WP 3 (third flow of funds, excl. Ph.D.'s) 0,51 0,77 0,66 1,11 Ph.D. students 0,70 0,47 0,99 1,92 Total Research staff 2,96 2,80 4,22 5,59 Industrial Statistics fte WP 1 (first flow of funds, excl. Ph.D.'s) 0,10 0,10 0,10 0,20 WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0,00 0,00 0,00 WP 3 (third flow of funds, excl. Ph.D.'s) 0,70 0,70 2,00 1,40 Ph.D. students 1,90 1,70 0,25 1,46 Total Research staff 2,70 2,50 2,35 3,06 Mint fte WP 1 (first flow of funds, excl. Ph.D.'s) 2,95 2,97 3,15 3,64 WP 2 (second flow of funds, excl. Ph.D.'s) 1,88 1,27 0,33 0,77 WP 3 (third flow of funds, excl. Ph.D.'s) 1,33 1,20 0,98 0,25 Ph.D. students 3,00 1,85 1,78 4,61 Total Research staff 9,16 7,29 6,24 9,27 Human Capital fte WP 1 (first flow of funds, excl. Ph.D.'s) 4,05 4,33 1,63 2,11 WP 2 (second flow of funds, excl. Ph.D.'s) 1,34 1,50 2,13 1,86 WP 3 (third flow of funds, excl. Ph.D.'s) 3,52 0,49 0,40 0,05 Ph.D. students 3,70 5,28 4,94 3,01 Total Research staff 12,61 11,60 9,10 7,03 History & Methodology of Economics fte WP 1 (first flow of funds, excl. Ph.D.'s) 1,71 0, WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0, WP 3 (third flow of funds, excl. Ph.D.'s) 0,11 0, Ph.D. students 1,20 0, Total Research staff 3,02 1, Experimental & Political Economcis fte WP 1 (first flow of funds, excl. Ph.D.'s) 3,33 3,81 3,71 3,04 WP 2 (second flow of funds, excl. Ph.D.'s) 1,58 0,75 0,28 0,35 WP 3 (third flow of funds, excl. Ph.D.'s) 0,10 0,00 0,00 0,00 Ph.D. students 4,30 3,33 4,81 6,99 Total Research staff 8,20 7,89 8,80 10,38 10

13 Markets & Organizations fte WP 1 (first flow of funds, excl. Ph.D.'s) 0,90 0,93 4,17 4,49 WP 2 (second flow of funds, excl. Ph.D.'s) 1,27 1,00 0,80 0,53 WP 3 (third flow of funds, excl. Ph.D.'s) 0,00 0,00 0,00 0,00 Ph.D. students 1,10 0,80 3,43 3,19 Total Research staff 3,27 2,73 8,40 8,21 SEO fte WP 1 (first flow of funds, excl. Ph.D.'s) 0,00 0,00 0,00 0,00 WP 2 (second flow of funds, excl. Ph.D.'s) 0,00 0,00 0,00 0,00 WP 3 (third flow of funds, excl. Ph.D.'s) 28,88 21,38 28,92 30,12 Ph.D. students 0,00 0,00 0,00 0,00 Total Research staff 28,88 21,38 28,92 30,12 Most faculty are in the ranks of professor and PhD student (the number of researcher (oz) fte is highest, but the majority are working at SEO Economic Research). Overall there seems to be a healthy mix of researchers in different stages of their career, although the numbers of Uhd s and Postdocs are low. Table III Ranks at programme level Research programme Hgl Uhd Ud Oz Pdoc Ph.D. Guest Total # fte # fte # fte # fte # fte # fte # fte # fte UvA- Econometrics 5 0,63 3 1,30 4 0,96 0 0,00 0 0,00 5 3,47 2 0, ,36 Equilibrium, expectations & dynamics 3 2,00 1 0,50 2 0,75 1 0,80 5 1,77 5 3, , ,42 Actuarial science 3 1,97 0 0,00 2 1,08 0 0,00 1 0,62 5 1,92 4 0, ,59 Industrial Statistics 3 0,80 0 0,00 0 0,00 2 0,80 0 0,00 3 1,46 1 0,00 9 3,06 MInt 7 2,23 0 0,00 5 1,66 0 0,00 1 0,77 9 4,61 8 0, ,27 Human Capital 5 2,10 0 0,00 0 0,00 3 1,92 0 0,00 6 3,01 5 0, ,03 Experimental & political economic 4 1,66 1 0,50 3 0,88 1 0,08 1 0, ,99 3 0, ,38 Markets & Organizations 5 0,08 1 0,08 8 3,51 0 0,00 0 0,00 6 3,19 1 0, ,86 SEO economic research 1 0,80 0 0,00 0 0, ,32 0 0,00 0 0,00 0 0, ,12 Total 36 12,27 6 2, , ,92 8 3, , , ,09 * hgl=professor, uhd=associate professor, ud=assistant professor, oz=researcher, pdoc=postdoctoral fellow 2.2 RESOURCES, FUNDING AND FACILITIES A substantial part of the faculty s research budget is spent on the Tinbergen Institute, where it is used to cover the expenses of the MPhil programme, courses for students and the organisation of seminars. Another large part of the budget concerns funding of the research priority area Behavioural Economics. Furthermore, the sections of ASE are allocated a budget for matching and a budget for its Research Programmes based on the size of the programme (fte) and on the numbers of PhD graduations. This budget can be used for the funding of research fte s and for any research related activities of programme members, such as visiting conferences, conducting experiments and collecting data. 11

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15 CHAPTER 3: CURRENT STATE OF AFFAIRS 3.1 PROCESSES IN RESEARCH, INTERNAL AND EXTERNAL COLLABORATION As explained in previous chapters, ASE-RI allocates resources based on past performance. ASE-RI stimulates and facilitates application for external funding (NWO, KNAW, EU). In general, the research institute tries to stimulate an active research environment, by organising a weekly general seminar, where participants from all Research Programmes meet, and it tries to assist programme members, when necessary, by providing them with information and administrative support. The overall quality of the various seminar series is good. Especially in the Tinbergen series foreign speakers are usually invited and the debates are lively. Actual research management takes place within the Research Programmes. Decisions on research strategies, research topics, joint work, participation in international networks, publication outlets are all taken within these Programmes, sometimes by the Programme director, but mostly in an informal way by direct communication and interaction within these groups. Research groups are typically small and interaction is frequent, direct and effective. Box I: Seminar series organised in co-operation with ASE-RI Tinbergen Institute / CREED Seminars series Organisation: Jeroen van de Ven and Gönül Dogan Tinbergen Institute Econometrics Seminars & Workshops series Organisation: Simon Broda and Lennart Hoogerheide Tinbergen Institute PhD Lunch Seminars Series Organisation: Lydia Geijtenbeek and Mark Kagan Tinbergen Institute Organizations & Markets Double Seminars Organisation: Sander Onderstal and Jose L. Moraga-Gonzalez Tinbergen Institute Macro Seminars Organisation: Christian Stoltenberg and Björn Brügemann Tinbergen Institute Complexity in Economics seminar series Organisation: Domenico Massaro and Marco van der Leij KAFEE Lunch seminar Organisation: Lucyna Górnicka, Dávid Kopányi and Matthias Weber CeNDEF Seminars Organisation: Marco van der Leij Another way in which ASE-RI creates a stimulating research environment is by participating in the Tinbergen Institute (TI). Two other Dutch universities (Erasmus University and VU University) participate in the TI. It is their joint graduate school and facilitates exchange amongst its fellows (top researchers of the three participating faculties) by hosting seminar series and publishing a discussion paper series. As a graduate school, the Tinbergen Institute offers a two-year research master (Master of Philosophy in Economics). These two years are part of a five-year track. The advantage of this system is that it 13

16 offers students an excellent research-oriented two-year programme with good opportunities to meet top-level supervisors (TI-fellows). Table IV: Inflow (ASE-RI) Cohort st flow of fund projects 6 1 4, nd flow of fund projects rd flow of fund projects 0 2 1, Total projects started The number of PhD students starting a PhD project within ASE-RI was uneven in previous years and stabilized around an annual inflow of around 9 since The inflow increased to 14 in 2012 and As can be seen from Table IV, there are major differences between the flows of fund. In recent years the outflow of PhD students from the Tinbergen Institute who completed their MPhil was sufficient to fill in all vacancies. Table V: graduations by cohort (FEB)* Cohort Total/Average Projects started Graduated/Total 5/6 8/13 6/9 14/17 12/16 15/20 8/15 72/93 Fraction graduated from total 83% 62% 67% 82% 75% 75% 53% 74% Graduated within 60 months 2/5 4/8 4/6 7/14 6/12 11/15 8/8 44/72 Fraction grad. within 60 months 40% 50% 67% 50% 50% 73% 100% 55% Av. duration to completion in m * Including all FEB students (also those now under the Amsterdam Business School Research Institute) Table VI: graduations by cohort (ASE-RI) Cohort Total/Average Projects started Graduated/Total 2/2 6/10 2/4 7/9 8/9 9/12 6/10 39/53 Fraction graduated from total 100% 60% 50% 78% 89% 75% 60% 78% Graduated within 60 months 0/2 3/6 2/2 2/7 3/8 8/9 6/6 24/39 Fraction grad. within 60 months 0% 50% 100% 29% 38% 89% 100% 51% Av. duration to completion in m As can be seen in Table V, on average, PhD students at the FEB needed 60 months from start of the contract to actual graduation. From Table VI, we see ASE-RI PhD students needed on average 62 months. It is expected that the percentage of graduations (75%) will rise in the near future, when a larger proportion of projects started are carried out by PhD students with a completed two-year research-training programme. Also, the average duration of these students to complete the PhD has been decreasing in recent years. 14

17 3.2 ACADEMIC REPUTATION In the most recent Tilburg University Top 100 of Economics Schools Research Ranking the Faculty of Economics and Business was ranked 2nd in the Netherlands, 5th in Europe and 23rd worldwide. 1 This differs from the results of the ESB Economen-top 40 of 2013, where UvA ranked 5 th in the Netherlands 2. The 2013 QS World University Rankings by Subject puts FEB between ranks for the discipline Economics and Econometrics (4 th in the Netherlands). 3 Another measure to assess the quality of ASE-RI s academic reputation concerns editorial positions of its staff. Table VII indicates that many faculty members take up positions as editors or associate editors of international journals, and members of editorial boards. Table VII: Editorial positions in academic international journals Name Editorship Journal Ranking Assenza, T. Guest editor Special Issue of the Journal of Economic Dynamics and Control on 'Rethinking Economic Policies in a Landscape of Heterogeneous Agents' A Beetsma, R.M.W.J. Chairman editorial board Netspar Beetsma, R.M.W.J. Associate editor De Economist B Beetsma, R.M.W.J. Associate editor CESifo Economic Studies Boswijk, H.P. Associate editor Journal of Time Series Analysis Boswijk, H.P. Guest editor Computational Statistics and Data Analysis B Burghouwt, G. Member editorial board Journal of Air Transport Management Diks, C.G.H. Associate editor Studies in Nonlinear Dynamics and Econometrics B Does, R.J.M.M. Member editorial advisory board International Journal of Lean Six Sigma Does, R.J.M.M. Member editorial board and member advisory board Quality Engineering B Does, R.J.M.M. Column editor Quality Engineering B Does, R.J.M.M. Member editorial board Quality Technology and Quantitative Management Does, R.J.M.M. Member publication management board American Society for Quality Ewijk, C. van Editor De Economist B Goovaerts, M.J. Editor Insurance: Mathematics and Economics A Goovaerts, M.J. Editor Journal of Computational and Applied Mathematics B Guerriero, C. Associate editor International Review of Law and Economics B Hartog, J. Member editorial board Economics of Education Review B Hartog, J. Member editorial board International Journal of Happiness and Development Hartog, J. Member editorial board ISRN Education Hinloopen, J. Associate editor Review of Industrial Organization B Hommes, C. Member editorial board Complexity Economics Hommes, C. Associate editor Computational Economics B Hommes, C. Advisory editor Journal of Economic Dynamics and Control A Hommes, C. Associate editor Journal of Economic Interaction and Coordination Hommes, C. Associate editor Macroeconomic Dynamics B Kaas, R. Managing editor Insurance: Mathematics and Economics A Kiviet, J.F. Member editorial board Foundations and Trends in Econometrics Laeven, R.J.A. Associate editor Depence Modelling A Laeven, R.J.A. Associate editor Insurance Markets and Companies: Analyses and Actuarial Computations Laeven, R.J.A. Associate editor Insurance: Mathematics and Economics A Leij, M. van der Associate editor Network Science Mast, J. de Member editorial board Quality Engineering B Mast, J. de Guest editor Special Issue Quality Engineering for Stu Hunter Research Conference B Offerman, T.J.S. Associate editor Games and Economic Behavior A Offerman, T.J.S. Member editorial board Experimental Economics B Onderstal, A.R. Associate editor TPEdigitaal Oosterbeek, H. Member editorial board Economics of Education Review B Oosterbeek, H. Member editorial board Effective Education Schram, A. Advisory editor Experimental Economics B Soetevent, A.R. Associate editor De Economist B Sonnemans, J. Member editorial board Journal of Economic Psychology B Sonnemans, J. Member editorial board Quantitative Finance B Tuinstra, J. Associate editor Journal of Economic Dynamics and Control A Tuinstra, J. Guest editor Special Issue of the Journal of Economic Dynamics and Control on 'Complex Nonlinear Dynamics in Economic and Spatial Structures' A Winden, F.A.A.M. van Member editorial board Public Choice B

18 3.3 OVERVIEW OF RESULTS Figure I: Publications y Average A= publications in A -jounals B= publications in B - journals Other =publications in other refereed journals B = publications in/of books Table VIII: Publications y Average A= publications in A -jounals B= publications in B - journals Other =publications in other refereed journals B = publications in/of books Total: Figure I and Table VIII show an increasing total output up to In 2011 the output decreased, which was partly due to a reorganization in the Faculty of Economics and Business. This reorganization led to a decrease in scientific staff from 88,35 research fte in 2010 to 72,27 research fte in 2011, as can be seen in Table I. In 2012, the research input picked up again, but the output was still in decline. PhD students had by then taken up an increasing proportion of the research input, substituting part of the senior research faculty. In 2013 the research input increased further to 90,33 research fte, along with a further increase in the proportion of PhD students. A small increase in output can be seen. 16

19 Table IX: Aggregated results of the institute Research programme refereed articles non-refereed articles prof. articles popular articles refereed books or book chapters other books or book chapters Proceedings PhD theses Working papers Total FTE 1st-3rd FoF A B other A B Other UvA-Econometrics ,36 Equilibrium, Expectations and Dynamics ,42 Actuarial Science & Mathematical Finance ,59 Industrial Statistics (IBIS) ,06 Macro and International Economics ,27 Human Capital ,03 Experimental & Political Economics ,38 Markets & Organizations ,21 SEO ,12 Subtotal ,44 Total Figure II: FEB Dissertations II I *Category I: students who worked at FEB and graduated at FEB, II: external candidates who graduated at FEB. The year 2012 showed a particular high increase of completed dissertations compared to previous years. There was a slight decrease from 25 in 2012 to 23 in It is expected that this number will continue to be around the same level in the years to come. 17

20 3.4 RELEVANCE TO SOCIETY Although the main aim of ASE-RI is to let its research contribute to the international academic discourse, most research done within ASE-RI programmes contributes in several ways to society at large. Some examples are given here but more detailed information can be found in the programme sections in part B of this report. The Human Capital Research Programme participates in TIER, an inter-university top Institute that conducts research in the field of evidence based education. The Top Institute wants to develop knowledge of evidence based education that can be utilised by: 1) the Ministry of Education, Culture and Science in policy preparation and evaluation; 2) the educational practice for example in educational institutions in the allocation of resources and in the decision making process when choosing between educational theories; and 3) parents and students when choosing a school or training. Researchers from the programmes Macro and International Economics and Actuarial Science & Mathematical Finance have strong ties with NETSPAR (network for studies on pensions, aging and retirement) and their research results will strongly impact the ways in which government and society will deal with the problems in these areas. In 2012 the Chair in Pension Economics was established, sponsored by MN. In addition, MInt has PhD students financed by De Nederlandsche Bank. SEO Economic Research carries out contract research for ministries and public organisations, private companies and non-profit institutions, nationally and internationally. SEO distinguishes itself from other research bureaus by its analytical approach. Modern economic analysis is applied to practical issues. Empirical questions are tackled with the econometrics toolkit. 18

21 CHAPTER 4: RESEARCH PRIORITY AREA: BEHAVIOURAL ECONOMICS 4.1 BACKGROUND The Board of the University of Amsterdam set out a policy to create a number of Research Priority Areas ("onderzoekszwaartepunten") to move already promising areas to further excellence. Behavioural Economics had been selected as one of them. Behavioural Economics is an important field within the Amsterdam School of Economics (ASE). The ASE has the advantage that it has already had a center for experimental economics performing laboratory experiments (CREED) for more than 15 years. Within the Amsterdam School of Economics, CREED is clearly the most successful research group in terms of publications in highly ranked international journals. The Amsterdam School of Economics wants to keep its leading position in Behavioural Economics in the Netherlands and in Europe. Now that it is a Research Priority Area, additional resources are available. These resources are allocated wisely through a committee. Researchers who need money for running experiments can apply and the committee allocates resources to promising research proposals. Furthermore, some of the resources will be used to improve the research environment. Examples include visiting costs in case of joint projects with researchers abroad, the training of students and organising workshops. 4.2 FOCUS The Research Priority Area Behavioural Economics started late The goal of the Priority Area is to promote research in the field of Behavioural Economics. Behavioural Economics focuses on economic decision-making and goes beyond traditional economic theories that assume rationality and narrow self-interest: social preferences, emotions and bounded rationality are taken seriously. Behavioural economists therefore make extensive use of insights and theories of adjacent disciplines like psychology, sociology and political science. However, it is a typical economic science by the choice of topics and the way data are analysed and models are developed. 4.3 ORGANISATION Research in Behavioural Economics has a strong empirical foundation; data are gathered in laboratory or field experiments. The department already had a standing tradition in laboratory experiments (CREED was founded in 1991) and in recent years researchers from various fields in our department (e.g. industrial organisation, labour economics, non-linear dynamic systems, personnel economics, law and economics, finance) have found their way to the laboratory. Nevertheless, to start with experimental research is not that easy. One needs to acquire practical knowledge and abilities, and one needs funds (e.g. to pay participants of experiments). The Research Priority Area Behavioural Economics helps by providing funds and dissemination of knowledge. In internal seminars researchers comment on each other s plans (compulsory for funding), a workshop is organised annually and international visits from or to co-authors are financed. In 2013, the committee dealing with the allocation of resources, consisting of Theo Offerman, Erik Plug, Randolph Sloof, Joep Sonnemans and Jan Tuinstra, funded 26 applications and the workshop ABEE Symposium The Research Priority Area Behavioural Economics has already produced quite a few top publications, amongst which publications in the American Economic Review (Abbink, et al, 2010; Kuhn et al, 19

22 2011), the Journal of Economic Literature (Holmlund et al., 2011), Nature (van Veelen et al., 2010), Proceedings of the National Academy of Sciences, (Leibbrandt at al., 2013), the Review of Economic Studies (Offerman et al, 2009) and Science (Ule et al., 2009). The topic of the ABEE Symposium 2013 was A Dialogue Between Laboratory Experiments and Neuroeconomics. Presentations were held by Nadege Bault, Isabelle Brocas, Carsten de Dreu, Charles Noussair, John O Doherty, Arno Riedl and Jack Vromen. Also Amsterdam-based researchers presented their work. 20

23 B THE RESEARCH PROGRAMMES 21

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25 5. UvA-ECONOMETRICS Programme director: Prof. dr. H.P. Boswijk & Dr. M.J.G. Bun METIS-code: uva/feb/ase/uva-e JEL-classification: C1, C2, C3, C4, C5 Starting date: 1997 Website: VSNU-scores : Quality: 4, Productivity: 4, Relevance: 3.5, Viability: MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Bethlehem, J.G prof. dr. hgl 0,11 0, Boswijk, H.P prof. dr. hgl 0,50 0,50 0,50 0,50 1 Boswijk, H.P prof. dr. hgl 0, Broda, S.A. dr. ud 0,50 0,50 0,50 0,50 1 Bun, M. dr. uhd 0,50 0, Bun, M. dr. uhd - 0,60 0,80 0,80 2 Çakmaklı, C. msc ud - 0,17 0,50 0,04 1 Cramer, J.S. prof. dr. hgl 0,00 0,00 0,00 0,00 1 Gao, Z. msc phd 0, Garderen, K.J. van dr. uhd 0,50 0,50 0,25 0,25 1 Giersbergen, N.P.A. van dr. ud 0,42 0,42 0,42 0,42 1 Gooijer, J.G. de prof. dr. hgl 0,50 0,42 0,00 0,00 1 Juodis, A. msc phd - 0,05 0,80 0,80 2 Kiviet, J.F. prof. dr. hgl 0,50 0,25 0,13 0,13 1 Kleibergen, F.R. prof. dr. hgl 0,00 0,00 0,00 0,00 1 Klein, A.A.B. dr. ud 0,50 0,50 0,13 0,00 1 Liu, Y. msc phd ,27 1 Oomen, R.C.A. dr. guest 0,00 0,00 0,00 0,00 1 Ophem, J.C.M. van dr. uhd 0,50 0,50 0,25 0,25 1 Pleus, M. msc phd - 0,50 0,80 0,80 2 Poldermans, R. msc phd - 0,30 0,80 0,80 2 Pua, A. msc guest - 0,00 0,00 0,00 1 Stakėnas, P. msc phd 0,40 0, Wansbeek, T.J. prof. dr. hgl Yang, X. msc phd - 0,20 0,80 0,80 1 Zu, Y. msc phd 0, Total 1st flow of funds 5,73 4,56 3,48 3,16 Total 2nd flow of funds 0,00 1,45 3,20 3,20 Total 3rd flow of funds 0,10 0,00 0,00 0,00 Total 1st f.o.f. excl. Ph.D.'s 5,73 3,96 2,68 2,09 Total 1st-3rd flow of funds 5,83 6,01 6,68 6,36 Ph.D. students 0,00 1,45 3,20 3,47 23

26 5.2 PROGRAMME DESIGN Objectives The UvA-Econometrics programme aims at improving the accuracy, efficiency and robustness of econometric inference methods. Motivation Empirical economic data are usually not obtained from markets or agents in static equilibrium. Typically they give a random and disturbed indication at a certain moment in time, or over a relatively short period, of dynamic jointly dependent adjustment processes. Also they usually concern just a few aspects of the underlying complex (non-) linear economic system. The various projects united in this programme all try to gear statistical techniques to the typical characteristics of empirical economic data. Main interest is the development of accurate and efficient econometric inference to test economic theory, to support decision making and for policy evaluation. Techniques Both analytic and experimental methods are used in this programme to improve understanding of the available statistical inference techniques, and to develop alternatives. The analytic aspects often involve the derivation of asymptotic distributions, the approximation of finite sample moments or distribution functions, the elimination of nuisance parameters etc. In computer simulations of completely specified systems the existing standard procedures and the newly developed techniques are then compared and evaluated experimentally. Occasionally the alternative techniques as such are of an experimental nature, because they involve computer-intensive methods (bootstrap resampling, randomization techniques, simulation-based inference). Actual data often serve to illustrate the empirical relevance and practical usefulness of the theoretical findings, but at times empirical issues are the prime motivation of the research projects engaged in. Applications The fundamental problems of econometrics indicated above are studied in interplay with actual applied econometric research. These applications come from economics, finance or business. We do not intend to give an exhaustive overview of specific applications, but UvA-Econometrics is active in labour economics (wage determination, job mobility and allocation, returns to schooling), development economics (exports and productivity, infant mortality), health economics (organization of health care, intelligence and mortality), finance (measurement and modelling of stock return volatility, option pricing, credit risk), international economics (effects of trade policy and economic integration), monetary economics (demand for money, term structure of interest rates) and business (marketing activities). The economic behaviour of individual agents is analysed on the basis of observational or experimental data of various dimensions (cross-section, time series or panel data). Subprogrammes, themes Within the general programme described above, the following sub-themes can be distinguished: Econometric Theory. Within this sub-theme, analytical finite sample approximations, simulation-based inference, inference based on IV/GMM with weak instruments, conditional inference, methods from differential geometry as well as semi- and non-parametric methods are studied for and applied in models that may be dynamic, simultaneous or non-linear. Microeconometrics. Econometric analyses within this sub-theme often entail a quantitative assessment of the effectiveness of a policy intervention. Outside controlled experiments policies are usually endogenous. Unbiased assessment of effectiveness requires adequate modelling of the causality, handling of any unobserved heterogeneity and understanding of the identification issues. Applications within this sub-theme often include panel data, which calls for the development of accurate inference methods for dynamic panel data models. Financial Econometrics. Topics are ARCH and stochastic volatility models, the econometrics of the CAPM and factor models, econometric models of the term 24

27 structure of interest rates, econometric analysis of credit risk, the analysis of option data and implied volatilities, and the analysis of high-frequency data and realized volatility. Applications within this sub-theme often include nonstationary data. This leads to the analysis of unit roots, cointegration and error correction models, the role of (weak) exogeneity in such models and structural change. 5.3 PROGRAMME EVALUATION The (partial) early retirement of three full professors (Bethlehem, de Gooijer and Kiviet) has led to a decline in research time available to the programme in recent years. This decline is further amplified by the fact that not all members of the research programme have realised sufficient publications in recent years to qualify for a Tinbergen Institute research fellowship, or for the maximal research time awarded by the ASE-RI. Because of publication lags, this situation is not easy to remedy in the short run, and threatens the programme s viability. In 2013, Simon Broda became research fellow of the Tinbergen Institute and obtained tenure, which strengthens the group. More importantly, plans to appoint a new full professor in econometrics have been developed further, which will lead to a substantial increase in research input and output of the group. Almost weekly, a Friday afternoon (mostly external) seminar is organised at (and funded by) the Tinbergen Institute, jointly with econometricians from VU University Amsterdam. This is a very lively seminar series, with high-quality international speakers. In addition, occasionally an internal informal workshop is held on Thursdays at lunch time, where research projects which are still in an early stage are discussed. These meetings stimulate the coherence of the research programme and should lead to more joint research projects; however, their frequency has recently declined, which is a point for concern. All activities and achievements of UvA-Econometrics are communicated via its web-site ( It is the ambition of UvA-Econometrics to find further international recognition as one of the major strongholds in theoretical econometrics worldwide. The activities and achievements over the last decade (number and quality of publications, presentations at and invitations for international meetings, responsibilities regarding journals and conferences, hosting of visiting scholars, exposure at peer institutions, etc.) have been substantial, but leave room for further qualitative and quantitative improvements. In particular, the continued high teaching loads in the group have had a negative impact on the research output of some of its members, and consequently on the research time available to the programme. Most individual members of UvA-Econometrics continue to operate in intensive formal and informal national and international networks. In September 2013, Frank Kleibergen (Brown University and University of Amsterdam) started a visit of the UvA-Econometrics group on a one-year sabbatical. As part of a strategy for improvement of research output, UvA- Econometrics continues to aim at strengthening the ties with other faculty research programmes, in the form of joint applied research projects in micro-econometrics and financial econometrics. In 2013 one new PhD student (Yang Liu) was appointed in the UvA-Econometrics group, another student (Andrei Lalu) started his PhD in the Actuarial Science and Mathematical Finance group, cosupervised by Peter Boswijk. Both are subsidised by the Duisenberg School of Finance. This shows that the UvA-Econometrics programme continues to attract graduates from the Tinbergen Institute s MPhil programme in Econometrics for a PhD position. The above evaluation can be summarized in the following SWOT analysis regarding the activities and current position of UvA-Econometrics: Strengths: good reputation; a relatively steady stream of publications; quality of human capital; expertise in a broad range of cutting edge areas of econometric (and statistical) theory; recently improved prospects regarding external funding; coherence of and atmosphere within the group; active 25

28 seminar and workshop series; exposure via own discussion paper series; tight but appropriate facilities regarding computing and travel. Weaknesses: relatively few links with other units of the FEB outside the quantitative economics research groups; declining percentage of publications in A-journals. Opportunities: recently developed MPhil programme and Fast Track in Econometrics within the Tinbergen Institute; developing a more applied profile within ASE and with the ABS; attracting a new full professor in econometrics. Threats: decreased research input due to faculty members having reached (early) retirement age, and decreased research output (and hence eventually input) by some senior faculty members due to high teaching loads. 5.4 RESOURCES AND FUNDING The current ASE-RI facilities allow the active researchers (and also first and second year Ph.D. students) to attend at least one international conference per year; in practice more is possible, so the research group does not experience binding constraints in this respect. In recent years, UvA-Econometrics has been quite successful in obtaining external funding for research activities. Therefore, the 0.8 fte research time of one senior faculty member (Maurice Bun), and the appointments of three of the six currently active PhD students (Milan Pleus, Rutger Poldermans and Arturas Juodis) is funded by NWO grants. Another PhD student (Andrew Pua) is funded by the EDEEM network, and a fifth (Yang Liu) is subsidised by the Duisenberg School of Finance (through the Tinbergen Institite). 5.5 OUTPUT Key publications Boswijk, H.P. & Klaassen, F. (2012). Why frequency matters for unit root testing in financial time series. Journal of Business & Economic Statistics 30, [A] Bun, M.J.G. & Windmeijer, F. (2010). The weak instrument problem of the system GMM estimator in dynamic panel data models. Econometrics Journal 13, [B] Broda, S.A., Haas, M., Krause, J., Paolella, M., & Steude, S. (2013). A mix-stable GARCH model. Journal of Econometrics 172, [A] Guggenberger, P., Kleibergen, F., Mavroeidis, S. & Chen, L. (2012). On the asymptotic sizes of subset Anderson-Rubin and Lagrange multiplier tests in linear instrumental variables regression. Econometrica 80, [A] Kiviet, J.F. (2013). Identification and inference in a simultaneous equation under alternative information sets and sampling schemes. Econometrics Journal 16, S24 S59. [B] Schluter, C., van Garderen, K.J. (2009). Edgeworth expansions and normalizing transforms for inequality measures. Journal of Econometrics 150, [A] 26

29 Forthcoming Basturk, N., Çakmaklı, C., Ceyhan, P. & van Dijk, H.K. (2014). Posterior-predictive evidence on US inflation using Phillips curve models with non-filtered time series. Journal of Applied Econometrics. Berkhout, P., Hartog, J. & van Ophem, H. (2013). Starting wages respond to employer s risk. Scottish Journal of Political Economy. Garderen, K.J. van & Boswijk, H.P. (2014). Bias correcting adjustment coefficients in a cointegrated VAR with known cointegrating vectors. Economics Letters. Gooijer, J.G. de & Yuan, A. (2014). Asymptotic informative prior for Bayesian analysis. Communications in Statistics: Theory and Methods. Gooijer, J.G. de & Yuan, A. (2014). Nonparametric portmanteau tests for detecting nonlinearities in high dimensions. Communications in Statistics: Theory and Methods. Kiviet, J.F. & Phillips, G.D.A. (2014). Improved variance estimation of maximum likelihood estimators in stable first-order dynamic regression models. Computational Statistics & Data Analysis. Kleibergen, F. & Mavroeidis, S. (2014) Identification issues in limited-information Bayesian analysis of structural macroeconomic models. Journal of Applied Econometrics. Zu, Y. & Boswijk, H.P. (2014). Estimating spot volatility with high-frequency financial data. Journal of Econometrics. Publications in numbers UvA-Econometrics ) Articles a) refereed A 2 B 5 Other 0 7 b) non-refereed 0 c) professional 4 d) popular 0 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 0 3) Proceedings 0 4) PhD theses 0 6) Working papers 16 Total 27 A B Article in journal - refereed Broda, S.A., Haas, M., Krause, J., Paolella, M., & Steude, S. (2013). A mix-stable GARCH model. Journal of Econometrics 172, Çakmaklı, C., Paap, R. & van Dijk, D. (2013). Measuring and predicting heterogeneous recessions. Journal of Economic Dynamics and Control 37, Giersbergen, N.P.A. van (2013). Bartlett correction in the stable second-order autoregressive model with intercept and trend. Statistica Neerlandica 67, Juodis, A. (2013). A note on bias-corrected estimation in dynamic panel data models. Economics Letters 118,

30 Kiviet, J.F. (2013). Identification and inference in a simultaneous equation under alternative information sets and sampling schemes. Econometrics Journal 16, S24 S59. Mazza, J., van Ophem, H. & Hartog, J. (2013). Unobserved heterogeneity and risk in wage variance: Does more schooling reduce earnings risk? Labour Economics 24, Joustra, P., Meester R. & van Ophem, H. (2013). Can statisticians beat surgeons at the planning of operations? Empirical Economics 44, Article in journal professional Boswijk, H.P. (2013). Cointegration analysis of the dynamic Nelson-Siegel model using the wild bootstrap. AENORM, 21, 81, Boswijk, H.P. and Hommes, C.H. (2013). Nobelprijs voor empirische analyse van financiële markten. Economisch-Statistische Berichten 98, 4672, Cramer, J.S. (2013). Huizenprijzen en consumptieve bestedingen. Economisch-Statistische Berichten 98, 4654, 612. Cramer, J.S. & Fase, M.M.G. (2013). Hendrik Samuel Houthakker, 31 december april Levensberichten en Herdenkingen 2013, KNAW, Report professional Çakmaklı, C. (2013). Report on US Recession Probabilities. ERF Report, December Koç University-TÜSİAD Economic Research Forum. Working- and discussion papers Boswijk, H.P. (2013). Inference on co-integration parameters in heteroskedastic vector autoregressions. Tinbergen Institute Discussion Paper No /III. Broda, S.A. (2013). Tail probabilities and partial moments for quadratic forms in multivariate generalized hyperbolic random vectors. Tinbergen Institute Discussion Paper No /III. Broda, S.A. & Kan, R. (2013). On distributions of ratios. Tinbergen Institute Discussion Paper No /III. Basturk, N., Çakmaklı, C., Ceyhan, P. & van Dijk, H.K. (2013). Historical developments in Bayesian econometrics after Cowles Foundation Monographs 10, 14. Tinbergen Institute Discussion Paper No /III. Basturk, N., Çakmaklı, C., Ceyhan, P. & van Dijk, H.K. (2013). Posterior-predictive evidence on US inflation using Phillips curve models with non-filtered time series. Tinbergen Institute Discussion Paper No /III. Bun, M.J.G. & Sarafidis, V. (2013). Dynamic panel data models. UvA-Econometrics Discussion Paper 2013/01. Bun, M.J.G. & Kleibergen, F. (2013). Identification and inference in moments based analysis of linear dynamic panel data models. UvA-Econometrics Discussion Paper 2013/07. Cramer, J.S. & Hoogendoorn, S.M. (2013). Intelligence and safe and healthy behavior in a small sample of students. UvA-Econometrics Discussion Paper Cramer, J.S. & Kaas, R. (2013). Mortality hazard rates and life expectancy. UvA-Econometrics Discussion Paper Cramer, J.S. (2013). Mortality by occupation in the Netherlands in the 19th century: a re-examination that failed. UvA-Econometrics Discussion Paper Fincke, B. & Wolski, M. (2013). Are European fiscal rules that bad? Discretionary fiscal policies in New Member States. Working Papers in Economics and Management , Universität Bielefeld. Garderen, K.J. van & Boswijk, H.P. (2013). Bias correcting adjustment coefficients in a cointegrated VAR with known cointegrating vectors. UvA-Econometrics Discussion Paper Juodis, A. (2013). First difference transformation in panel VAR models: Robustness, estimation and inference. UvA-Econometrics Discussion Paper

31 Juodis, A. (2013). Cointegration testing in panel VAR models under partial identification and spatial dependence. UvA-Econometrics Discussion Paper Kleibergen, F. & Mavroeidis, S. (2013). Identification issues in limited-information Bayesian analysis of structural macroeconomic models. Discussion paper, Brown University. Kleibergen, F. & Zhan, Z. (2013). Unexplained factors and their effects on second pass R-squared's and t-tests. Discussion paper, Brown University. Conference organiser Bun, M.J.G. (2013). Organizer of a workshop on panel data, June 2013, Amsterdam, The Netherlands. Çakmaklı, C. (2013). Conference on Forecasting Structure and Time Varying Patterns in Economics and Finance, Rotterdam, Netherlands, May Editorship Boswijk, H.P. (2013). Associate Editor Journal of Time Series Analysis. Boswijk, H.P. (2013). Guest Editor Computational Statistics and Data Analysis. Kiviet, J.F. (2013). Member of the Editorial Board of Foundations and Trends in Econometrics. Keynote/invited talk Boswijk, H.P. (2013, 23 April). Improved likelihood ratio tests for cointegration rank in the VAR model, Citibank-Fain Workshop in Econometrics, Brown University. Boswijk, H.P. (2013, 30 April). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Economics Department Seminar, Queen s University, Kingston (Ontario). Boswijk, H.P. (2013, 5 June). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Economics Department Seminar, City University London. Boswijk, H.P. (2013, 7 August). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Singapore Economic Review Conference 2013, Singapore. Boswijk, H.P. (2013, 17 October). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Finance Seminar, University of Piraeus. Bun, M.J.G. (2013, 15 April). Identification in linear dynamic panel data models, CORE seminar, Universite Catholique de Louvain, Louvain-la-Neuve. Bun, M.J.G. (2013, 18 April). Identification in linear dynamic panel data models, Economics seminar, KU Leuven. Çakmaklı, C. (2013, 14 May). Bayesian semiparametric dynamic Nelson-Siegel model, University of Southern Denmark, Odense, Denmark. Kiviet, J.F. (2013, 7 August). Efficiency gains by modified GMM estimation in linear models under heteroskedasticity, Singapore Economic Review Conference 2013, Singapore. Other lectures Boswijk, H.P. (2013, 13 March). Improved likelihood ratio tests for cointegration rank in the VAR model, Econometrics Colloquium, Columbia University. Boswijk, H.P. (2013, 14 March). Improved likelihood ratio tests for cointegration rank in the VAR model, Econometrics Workshop, Rutgers University, New Brunswick. Boswijk, H.P. (2013, 7 April). Improved likelihood ratio tests for cointegration rank in the VAR model, New York Camp Econometrics VIII, The Sagamore Resort on Lake George, Bolton Landing, NY. Boswijk, H.P. (2013, 26 April). Improved likelihood ratio tests for cointegration rank in the VAR model, IOMS-Statistics Seminar, Leonard N. Stern School of Business, New York University. 29

32 Boswijk, H.P. (2013, 15 June). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Netherlands Econometric Study Group Annual Conference, Amsterdam. Boswijk, H.P. (2013, 28 June). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, 3rd Long-Memory Symposium, CREATES, Aarhus. Boswijk, H.P. (2013, 10 September). Inference on cointegration parameters in vector autoregressions with non-stationary volatility, Conference on Recent Developments of Bootstrap Methods in Time Series Data, Copenhagen. Broda, S.A. (2013, 29 November). On distributions of ratios, Joint research seminar in statistics, ETH and University of Zurich. Broda, S.A. (2013, 16 December). Distributions of ratios, 7th International Conference on Computational and Financial Econometrics (CFE 2013), London. Bun, M.J.G. (2013, 16 April). Non-linear method of moments estimation of dynamic panel data models, Workshop on Panel Data and Incidental Parameters, KU Leuven. Bun, M.J.G. (2013, 5 July). Identification/Initial value robust inference in linear dynamic panel data models, 19th International Conference on Panel Data, London. Bun, M.J.G. (2013, 17 June). OLS and IV estimation of regression models with endogenous interaction terms, KAFEE seminar, University of Amsterdam. Bun, M.J.G. (2013, 14 November). OLS and IV estimation of regression models with endogenous interaction terms, UvA-Econometrics seminar, University of Amsterdam. Çakmaklı, C. (2013, May). Bayesian semiparametric dynamic Nelson-Siegel model, EMMPA 2013 Workshop on Empirical Methods in Workshop on Empirical Methods in Macroeconomic Policy Analysis, Bucharest, Romania. Çakmaklı, C. (2013, June). Modeling yield-curve in in emerging markets, The Rimini Conference in Economics and Finance RCEF, Workshop on Time Series, Rimini, Italy. Çakmaklı, C. (2013, June). Modeling inflation expectations in emerging markets, The Rimini Conference in Economics and Finance RCEF, Workshop on Time Series, Rimini, Italy. Çakmaklı, C. (2013, 23 August). Bayesian semiparametric dynamic Nelson-Siegel model, European Seminar on Bayesian Econometrics (ESOBE), Oslo. Çakmaklı, C. (2013, 26 August). Posterior-predictive evidence on US inflation using Phillips-curve models with non-filtered time-series, European Economic Association & Econometric Society European Meeting (EEA-ESEM), Gothenburg. Garderen, K.J. van (2013, 15 June). Bimodal saddlepoint based confidence intervals, Netherlands Econometric Study Group Annual Conference, Amsterdam. Giersbergen, Noud P.A. van (2013, 22 June). Discussion of Likelihood and incidental parameters, Workshop on Panel Data Econometrics, University of Amsterdam. Juodis, A. (2013, 26 February). First difference transformation in panel VAR models: Robustness, estimation and inference, PhD Lunch seminar, Tinbergen Institute, Amsterdam. Juodis, A. (2013, 28 February). First difference transformation in panel VAR models: Robustness, estimation and inference, UvA-Econometrics Workshop. Juodis, A. (2013, 6 April). First difference transformation in panel VAR models: Robustness, estimation and inference, New York Camp Econometrics VIII, The Sagamore Resort on Lake George, Bolton Landing, NY. Juodis, A. (2013, 30 May). Cointegration testing in panel VAR models under partial identification and spatial dependence, Conference on Cross-sectional Dependence in Panel Data, Cambridge (poster presentation). Juodis, A. (2013, 15 June). Cointegration testing in panel VAR models under partial identification and spatial dependence, Netherlands Econometric Study Group Annual Conference, Amsterdam. (poster presentation). Juodis, A. (2013, 22 June). Iterative Bias Correction Procedures Revisited: A Short Monte Carlo Study, Workshop on Panel Data Econometrics, University of Amsterdam. Juodis, A. (2013, 5 July). First difference transformation in panel VAR models: Robustness, estimation and inference, 19th International Conference on Panel Data, London. Kiviet, J.F. (2013, 8 February). Robust empirical inference built on non-orthogonality conditions, Seminar at the Tinbergen Institute Amsterdam. 30

33 Kiviet, J.F. (2013, 22 March). Robust empirical inference built on non-orthogonality conditions, Seminar at ETH Zurich. Kiviet, J.F. (2013, 6 April). Accuracy and efficiency of various GMM inference techniques in dynamic micro panel data models, New York Camp Econometrics VIII, The Sagamore Resort on Lake George, Bolton Landing, NY. Kiviet, J.F. (2013, 11 April). Robust empirical inference built on non-orthogonality conditions. Seminar at the World Bank, Washington. Kiviet, J.F. (2013, 15 April). Robust empirical inference built on non-orthogonality conditions, Seminar at the University of Maryland. Kiviet, J.F. (2013, 30 April). Efficiency gains by modified GMM estimation in linear models under heteroskedasticity, Seminar at Georgetown University. Kiviet, J.F. (2013, 22 May). Robust empirical inference built on non-orthogonality conditions, Workshop on Econometrics and its Applications. University of Exeterr. Kiviet, J.F. (2013, 21 June). Efficiency gains by modified GMM estimation in linear models under heteroskedasticity, Workshop on Panel Data Econometrics, University of Amsterdam. Kiviet, J.F. (2013, 5 July). Efficiency gains by modified GMM estimation in linear models under heteroskedasticity, 19th International Conference on Panel Data, London. Kiviet, J.F. (2013, 3 August). Accuracy and efficiency of various GMM inference techniques in dynamic micro panel data models, Asian Meeting of the Econometric Society, Singapore. Kiviet, J.F. (2013, 22 November). Efficiency gains by modified GMM estimation in linear models under heteroskedasticity. Seminar, Singapore Management University. Kleibergen, F. (2013, 12 April). Unexplained factors and their effects on second pass R-squared's and t-tests, Concordia University, Montreal. Kleibergen, F. (2013, 3 May). Discussion of GMM with latent variables by Ron Gallant, CIREQ Econometrics Conference, University of Montreal. Kleibergen, F. (2013, 5 June). Identification and inference in linear dynamic panel data models using GMM, Cowles Summer Conference, Yale University. Kleibergen, F. (2013, 11 October). Unexplained factors and their effects on second pass R-squared's and t-tests, SoFiE Conference on Large-Scale Factor Models in Finance, University of Lugano. Kleibergen, F. (2013, 18 October). Identification and inference in linear dynamic panel data models using GMM, Amsterdam-Bonn workshop, Tinbergen Institute, Amsterdam. Kleibergen, F. (2013, 24 October). Identification and inference in linear dynamic panel data models using GMM, Oxford University. Kleibergen, F. (2013, 30 October). Identification and inference in linear dynamic panel data models using GMM, University of Groningen. Kleibergen, F. (2013, 1 November). Unexplained factors and their effects on second pass R- squared's and t-tests, Tinbergen Institute, Amsterdam. Kleibergen, F. (2013, 19 November). Identification and inference in linear dynamic panel data models using GMM, University of Bristol. Kleibergen, F. (2013, 25 November). Identification and inference in linear dynamic panel data models using GMM, CEMFI, Madrid. Kleibergen, F. (December 3-rd). Identification and inference in linear dynamic panel data models using GMM, UCL, London. Pleus, M. (2013, 20 November). On overidentifying restrictions tests and their incremental versions, Lunch seminar, Nanyang Technological University, Singapore. Pleus, M. (2013, 3 December). On overidentifying restrictions tests and their incremental versions, PhD Lunch seminar, Tinbergen Institute, Amsterdam. Pleus, M. (2013, 16 December). On overidentifying restrictions tests and their incremental versions, 7th International Conference on Computational and Financial Econometrics (CFE 2013), London. Poldermans, R.W. (2013, 3 4 May). Weak identification robust inference in dynamic panel data models with additional endogenous regressors, QED Meeting Vienna, Universität Wien. 31

34 Poldermans, R.W. (2013, June). Weak identification robust inference in dynamic panel data models with additional endogenous regressors, Workshop on Panel Data Econometrics, University of Amsterdam. Poldermans, R.W. (2013, 2 4 August). Weak identification robust inference in dynamic panel data models with additional endogenous regressors, Asian Meeting of the Econometric Society, Singapore. Poldermans, R.W. (2013, 6 8 August). Accuracy and efficiency of various GMM inference techniques in dynamic micro panel data models, Singapore Economic Review Conference 2013, Singapore. Poldermans, R.W. (2013, 17 October). Weak identification robust inference in dynamic panel data models, Amsterdam-Bonn workshop, Tinbergen Institute, Amsterdam. Pua, A. (2013, 16 April). Responses to the incidental parameter problem: bias reduction, model selection and framing heterogeneity, Workshop on Panel Data and Incidental Parameters, KU Leuven. Pua, A. (2013, 24 May). The projected score approach to bias reduction in panel data models, Doctoral Workshop of the Economics School of Louvain. Pua, A. (2013, 22 June). The projected score approach to bias reduction in panel data models, Workshop on Panel Data Econometrics, University of Amsterdam. Pua, A. (2013, 18 October). The role of sparsity in panel data, Amsterdam-Bonn workshop, Tinbergen Institute, Amsterdam. Pua, A. (2013, 31 October). Notions of unobserved heterogeneity, UvA-Econometrics Workshop, Amsterdam. Yang, X. (2013, June 12). The estimation of continuous and discontinuous leverage effects, 6th Annual SoFiE Conference. Membership academies Boswijk, H.P. (2013) Fellow Tinbergen Institute. Boswijk, H.P. (2013). Member of PhD committee of Karim Bannouh (Erasmus University Rotterdam, 11 January 2013). Broda, S.A. (2013). Fellow Tinbergen Institute. Bun, M.J.G. (2013). Member of the scientific committee of the 19th International Conference on Panel Data, London, Bun M.J.G. (2013). Fellow Tinbergen Institute. Bun, M.J.G. (2013). Member of the programme committee of the Econometric Society European Meetings (ESEM), Gothenburg, Bun, M.J.G. (2013). Member of Ph.D. committee of Stephen Kastoryano, University of Amsterdam & VU University Amsterdam. Cramer, J.S. (2012). Fellow of the Econometric Society. Cramer, J.S. (2012). Resting member of the Royal Netherlands Academy of Arts and Sciences. Cramer, J.S. (2012). Honorary research fellow Tinbergen Institute. Garderen, K.J. van (2012). Member Doctoral Board of EDEEM (European Doctorate in Economics- Erasmus Mundus). Gooijer, J.G. de (2013). Honorary Fellow International Institute of Forecasters. Kiviet, J.F. (2013). Elected member of the Royal Netherlands Academy of Arts and Sciences. Kiviet, J.F. (2013). Fellow of Journal of Econometrics. Kiviet, J.F. (2013). Fellow Tinbergen Institute. Kiviet, J.F. (2013). Member CESifo research network. Kleibergen, F. (2013). Fellow of Journal of Econometrics. Kleibergen, F. (2013). Associate Fellow Tinbergen Institute. Relevant position Boswijk, H.P. (2013, 19 February 17 May). Visitor at Leonard N. Stern School of Business, New York University. 32

35 Boswijk, H.P. (2013). Member of the Board of the Tinbergen Institute. Boswijk, H.P. (2013). Referee for: Applied Mathematics and Computation, Communications in Statistics Theory and Methods, Computational Statistics and Data Analysis, Econometric Theory, Econometrics Journal, International Journal of Financial Studies, Journal of Applied Econometrics, Journal of Economic Dynamics and Control, Journal of Time Series Analysis, Oxford Bulletin of Economics and Statistics. Broda, S.A. (2013). Referee for: Journal of the Operational Research Society. Bun, M.J.G. (2013). Referee for: Communications in Statistics, Econometric Reviews, Econometric Theory, Empirical Economics, Eurasian Economic Review, Journal of Econometric Methods, Journal of Econometrics, Journal of the Royal Statistical Society, Oxford University Press, Spatial Economic Analysis. Cakmakli, C. (2013). Referee for: Journal of Applied Econometrics, Journal of Empirical Finance, Journal of Macroeconomics, Quarterly Review of Economics and Finance Giersbergen, N.P.A. van (2013). Referee for: Computational Statistics & Data Analysis. Kiviet, J.F. (2013, 1 9 April). Visitor at Leonard N. Stern School of Business, New York University. Kiviet, J.F. (2013, 3 7 June). Visitor at University of Salamanca (Spain) to teach a 20 hours course in Dynamic Panel Data Analysis. Kiviet, J.F. (2013). Referee for: Econometric Reviews, Economics Letters, Journal of Applied Econometrics, International Journal of Environment and Health, Singapore Economic Review, Foundations and Trends in Econometrics, Econometrics Journal, Statistics and Probability Letters. Kleibergen, F (2013). Referee for: Journal of Econometrics, Journal of Applied Econometrics, Econometric Theory, Econometrica, Journal of Business & Economic Statistics, Econometrics Journal, Economics Letters. Pua, A. (2013, 7 10 September). Guest lecturer, De La Salle University, Manila. 33

36 34

37 6. EQUILIBRIUM, EXPECTATIONS & DYNAMICS Programme director: Prof. dr. C.H. Hommes & dr. ir. F.O.O. Wagener Metis-code: uva/feb/ase/eed JEL-Classification: C, D, E6 Starting date: 1998 Website: VSNU-Scores : Quality: 4.5, Productivity: 4.5, Relevance: 5, Viability:5 6.1 MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function 35 Total 2010 Total 2011 Total 2012 Total 2013 Funding Anufriev, M. dr. ud 0,50 0,50 0,02-1 Anufriev, M. dr. guest ,00 1 Assenza, T. dr. postdoc 0,11 0, Assenza, T. dr. postdoc - - 0,16 0,16 1 Bao, T. msc phd 0,60 0, Bao, T. dr. postdoc - - 0,80 0,47 3 Bekiros, S. dr. guest Cornea, A. dr. postdoc 0,00 0, Diks, C. (CeNDEF) prof. dr. hgl 0,50 0,50 0,50 0,50 1 Furth, D. dr. guest Heemeijer, P. (CeNDEF) dr. guest ,00 1 Heijnen, P. dr. ud 0, Hommes, C.H. (CeNDEF) prof. dr. hgl 0,50 0,50 0,47-1 Hommes, C.H. (CeNDEF) prof. dr. hgl - - 0,07 1,00 2 Huang, Z. dr. postdoc ,07 2 Kiseleva, T. msc phd 0,30 0, Kiseleva, T. dr. postdoc - - 0,07-1 Kiseleva, T. dr. guest ,00 1 Kopányi, D. msc phd - 0,33 0,80 0,80 1 Koster, M.A.L. dr. ud 0,50 0,41 0,25 0,25 1 Leij, M. van der dr. postdoc - 0,60 0,80 0,80 2 Leur, M. van de msc guest - 0,00 0,00 0,00 1 Makarewicz, T. msc phd - 0, Makarewicz, T. msc phd - 0,80 0,80 2 Massaro, D. msc phd 0,60 0, Massaro, D. dr. postdoc - - 0,80-2 Massaro, D. dr. oz ,80 2 Mohammadian Moghayer, S. msc phd 0,45 0, Negriu, A. msc phd - - 0,20 0,80 1 Ochea, M.I. msc phd Ochea, M.I. dr. ud - 0,00 0,17 0,50 1 Ramer, R. dr. ud 0,03 0,00 0,00-1 Ramer, R. dr. guest ,00 1 Salle, I. dr. postdoc ,27 3 Sniekers, F. msc phd - - 0,13 0,40 1 Tuinstra, J. (CeNDEF) prof. dr. hgl 0,50 0,50 0,50 0,50 1

38 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Veld, D. in 't msc phd - 0,80 0,80 0,80 2 Wagener, F. (CeNDEF) dr. uhd 0,80 0,50 0,50 0,50 1 Wang, J. msc guest - 0,00 0,00 0,00 1 Wang, H.-S. msc guest ,00 1 Weddepohl, H.N. prof. dr. guest Weide, R. van der (CeNDEF) drs. phd 0,00 0,00 0,00-1 Wolski, M. msc guest - 0,00 0,00 0,00 1 Wu, C. msc guest - 0, Zeppini-Rossi, P. dr. guest 0,60 0,33 0,00 0,00 1 Zovko, I. (CeNDEF) dr. guest 0,00 0,00 0,00-1 Zhu, M. dr. guest 1,00 0,00 0,00 0,00 1 Total 1st flow of funds 5,11 5,37 3,77 4,41 Total 2nd flow of funds 1,10 1,97 3,27 4,27 Total 3rd flow of funds 1,11 0,08 0,80 0,74 Total 1st f.o.f. excl. Ph.D.'s 2,86 2,91 2,64 2,41 Total 1st-3rd flow of funds 7,32 7,42 7,84 9,42 Ph.D. students 2,55 3,83 2,73 3, PROGRAMME DESIGN The objective of the programme is the development of (mathematical) economic theory, focussing on the understanding of economic processes. The programme aims at developing models of economic behaviour in different areas of economics, including microeconomics, macroeconomics and finance. Emphasis is given to behavioural models of dynamic market phenomena. The research group employs a multi-disciplinary approach. The models are studied both from a theoretical and a computational perspective, and the validity of the models is tested in laboratory experiments with human subjects as well as empirically using real data. The NWO- Vernieuwingsimpuls Information Flows in Financial Markets, the EU STREP project Financial Markets and Complexity and the NWO-VIDI programme Structural Stability in Economic Dynamics are part of the research programme. The programme can be subdivided into five closely related and interacting research themes: Equilibrium theory: Individual optimising behaviour of economic agents generates aggregate supply and demand of commodities, as a function of prices and individual expectations. In equilibrium supply and demand are equal. Many types of equilibrium can be studied: partial versus general, competitive versus monopolistic, dynamic versus static, temporary equilibrium, single, representative agent as well as heterogeneous, interacting agents equilibria. The existence of equilibria is studied, as well as conditions for stability or instability of dynamic adjustment processes. Game theory & Industrial organisation: This part of the programme focuses on modelling strategic behaviour of economic agents in markets with imperfect competition, such as duopoly and oligopoly. Equilibria in non-cooperative games (e.g. duopoly, oligopoly) as well as cooperative games (costs sharing, general equilibrium) are studied. Evolutionary games with heterogeneous, boundedly rational strategies competing against each other are also studied. Expectations and learning: Bounded rationality models of expectation formation and learning schemes are becoming a serious alternative to rational expectations, which was the dominating paradigm 36

39 until quite recently. The fully rational representative agent is replaced by a large heterogeneous population of boundedly rational interacting agents, who form expectations based upon time series observations and update their forecasting rules according to new observations and new information about market fundamentals. Conditions under which learning schemes converge to rational expectations or to a boundedly rational expectations equilibrium with excess volatility are investigated. Formation of expectations is studied in theory, in laboratory experiments with human subjects and in real markets. Nonlinear economic dynamics: This part of the programme focuses on nonlinear complexity models of dynamic market phenomena. Are market fluctuations mainly caused by random exogenous shocks, or can endogenous nonlinear economic laws of motion explain (a significant part of) the fluctuations? Various deterministic and stochastic economic models are studied theoretically, computationally as well as empirically, attempting to explain the most important stylised facts observed in real economic and financial time series. Emphasis is given to complex adaptive systems where markets consist of a large population of agents selecting simple strategies according to their relative success in the recent past. In these evolutionary adaptive systems endogenous variables such as prices and agents beliefs co-evolve over time. Dynamic optimisation: Emphasis is given to dynamic optimisation problems in environmental economics, characterised by a conflict between economic benefits and ecological costs. Tools from nonlinear dynamics and bifurcation theory are employed to investigate non-convex dynamic optimisation problems. The main thrust is a structural analysis, that is, investigation of the global solution structure of dynamic optimisation problems and dynamic games. The qualitative changes of these solutions are studied under changes of the parameters. Geometrical methods, like bifurcation theory, normal form theory and perturbation theory, as well as numerical methods yield insights that hold not just at isolated parameter values, but for the complete parameter set. 6.3 PROGRAMME EVALUATION This programme grew out of a mathematical economics programmeme Equilibrium and Dynamics, led by Weddepohl, which was quite small until the mid nineties. The group was extended considerably at the end of 1998, thanks to an NWO-MaG Pionier grant awarded to Hommes, to set up the Center for Nonlinear Dynamics in Economics and Finance (CeNDEF). At that time the programme changed from a small specialized mathematical economics programme into a multidisciplinary research programme with an emphasis on economic theory, but also running laboratory experiments (in cooperation with Joep Sonnemans at CREED) to test behavioural theories and doing empirical work as well (in cooperation with Peter Boswijk at UvA-Econometrics), in particular nonlinear time series analysis, to test behavioural models empirically. Weddepohl retired in 2002 while Furth and Koster joined the group in the same year; at that point game theory has been included as one of the research themes of the programme. At the end of 2003, the CeNDEF postdocs Diks, Tuinstra and Wagener obtained tenured positions, ensuring the continuation of the research programme. In 2009 the research programme was ranked as one of the three top programmes at the FEB by the VSNU "Visitatiecommissie" (Quality 4.5, Productivity 4.5, Relevance 5, Viability 5). From the report of the committee: "The group (...) is developing very fruitful projects on highly topical current issues." The publication record of the year 2013 is excellent. The output was 19 articles in international refereed journals (of which 9 A and 7 B publications) and 2 A publications and 1 B publication in books. Two PhD students who had a co-supervisor from the group, Elenna Dugundji and Grega Smrkolj, defended their thesis successfully. The programme is internationally established, as is shown by excellent citation statistics (e.g. according to the Science Citation Index (SCI) in 2013 almost 400 citations of published work by 37

40 group members), many invited and several keynote lectures at international seminars, conferences and workshops by various members of the research group. In the IDEAS/RePEc ranking of Top 20% institutes ( CeNDEF ranks as number 12, one position up from last year. This ranking contains faculties of economics and departments; among the small institutes of the order of a research group (about 10 researchers) CeNDEF ranks 2rd on the list, only trailing the UvA Finance Group. In 2013, Isabelle Salle joined the group as postdoctoral researcher in the EU FP7 Collaborative Project RASTANEWS, Zenhxing Huang as postdoctoral researcher in the INET HExFiCs project and Hsien-Mien Wang as a EDE-EM PhD student. The evaluation can be summarized in the following SWOT analysis of the CeNDEF activities. Strengths: International reputation as an excellent research group on nonlinear dynamics and complexity applications in economics and finance, high scientific impact (e.g., with both having been cited about 400 times, Brock and Hommes (Econometrica 1997), and Brock and Hommes (JEDC 1998), are two of the best cited journal articles co-authored by a Dutch economist), regular international visitors, active seminars and international workshops, own working paper series, frequently visited website, good facilities for computing and travel. Weaknesses: Relatively few publications in top mainstream journals, where multi-disciplinary work and non-mainstream approach such as agent-based modelling and complexity modelling are far from being well accepted; the number of links with practitioners and policy makers has been relatively low, but is now increasing. Opportunities: Development of UvA Graduate School in Economics; application of group-specific know-how to core economic problems, to demonstrate in this way the value of the programmeme's characteristic approach; developing more policy oriented research, e.g. through a new project on heterogeneous expectations in macro economics and monetary policy; for example, the NWOcomplexity project is a research project jointly with researchers and policy makers at DNB. Threats: A multidisciplinary group is likely to be handicapped when evaluated in a monodisciplinary environment; and the complexity of the tools used may turn out to be an impediment at disseminating the research approach. 6.4 RESOURCES AND FUNDING The budget received from ASE-RI every year (about K 12) only covers on average one conference per researcher per year. In the last couple of years the remaining CeNDEF budget (from the NWO- Pionier grant ) was able to cover additional conferences, workshops, etc., if desired. A budget of the Faculty covers some of the costs for the Economics Colloquia; another budget of the Tinbergen Institute covers the costs of joint research seminars Cooperative Behaviour, Strategic Interaction and Complex Systems CSC together with the VU mathematical economics group. The group has been quite successful in obtaining additional external funding. In 2010, Cees Diks and Cars Hommes obtained a NWO-Complexity grant of K 440 for the research proposal Understanding financial instability through complex systems, jointly with DNB. Marco van der Leij and Daan in t Veld are funded as a post-doc and a PhD student respectively through this grant. Tomasz Makarewicz is PhD student funded by the NWO Talent project Learning to Forecast with Evolutionary Models. CeNDEF is part of several European consortia which obtained grants: the EU FP7-ICT collaborative project (between 10 European partners) Complexity Research Initiative for Systemic InstabilitieS (CRISIS), the EU COST action IS1104 The EU in the new complex geography of economic 38

41 systems: models, tools and policy evaluation, and two newly funded INET projects, Coordination of Expectations, led by Roger Guesnerie and Heterogeneous Expectations and Financial Crises, led by Cars Hommes. Zenhxing Huang has been appointed as postdoc in this project. A newly funded EU FP7 Collaborative project (with 12 European partners) Macro-Risk Assessment and StabilizationPolicies with New Early Warning Signals (RASTANEWS) started in February Isabelle Salle has been appointed as a postdoc in this project. 6.5 OUTPUT Key publications Anufriev, M. & Hommes, C.H. (2012). Evolutionary selection of individual expectations and aggregate outcomes, American Economic Journal Micro 4 (4), Brock, W.A., Hommes, C.H. & Wagener, F.O.O. (2009). More hedging instruments may destabilize markets. Journal of Economic Dynamics & Control, 33, (11), Diks, C., Panchenko, V. & Dijk, D. van (2011). Likelihood-based scoring rules for comparing density forecastst in tails. Journal of Econometrics, 163, Hommes, C.H. & Ochea, M.I. (2012). Multiple equilibria and limit cycles in evolutionary games with logit dynamics, Games and Economic Behavior 74, Leij, M.J. van der (2011). Experimenting with buddies. Science, 334, (6060), Polasky, S., Zeeuw, A. de & Wagener, F.O.O. (2011). Optimal management with potential regime shifts. Journal of Environmental Economics and Management, 62, Schinkel, M.P., Tuinstra, J. & Rüggeberg, J. (2008). Illinois Walls: How barring indirect purchaser suits facilitates collusion, RAND Journal of Economics 39, Forthcoming Dockner, E.J. & Wagener, F.O.O. Markov-Perfect Nash Equilibria in Models With a Single Capital Stock, Economic Theory. Ductor, L., Fafchamps, M., Goyal, S., and Leij, M.J. van der. Social networks and research output. Review of Economics & Statistics. Hommes, C.H. Behaviorally rational expectations and almost self-fulfilling equilibria, Review of Behavioral Economics, inaugural issue. Hommes, C.H. (2013). Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments, Journal of Economic Methodology, special issue on Reflexivity, Volume 20, Issue 4. Hommes, C.H. and Zhu, M. Behavioral learning equilibria, Journal of Economic Theory. Salle I. & Yildizoglu, M. Efficient Sampling and Metamodeling in Computational Economic Models, Computational Economics. Toomet O., Leij, M.J. van der, and Rolfe, M. Social networks and labor market inequality between ethnicities and races. Network Science. Tuinstra, J. & Veld, D. in t. Market-induced rationalization and welfare enhancing cartels. Forthcoming in The B.E. Journal of Economic Analysis & Policy. Wagener, F.O.O. Economics of environmental regime shifts. In: Semmler, W. and Bernard, L. (Eds), The Oxford Handbook of the Macroeconomics of Global Warming, Oxford University Press. Zeppini P., K. Frenken, R. Kupers.Threshold models of technological transitions. Environmental Innovation and Societal Transitions. 39

42 Publications in numbers Equilibrium, Expectations & Dynamics ) Articles a) refereed A 9 B 8 Other 3 20 b) non-refereed 1 c) professional 3 d) popular 0 2) Books or book chapters a) refereed A 2 B 2 Other 0 4 b) other 0 3) Proceedings 1 4) PhD theses 2 6) Working papers 31 Total 62 A B Article in journal - refereed Anufriev, M., Kopányi, D. and Tuinstra, J. (2013). Learning Cycles in Bertrand Competition with Differentiated Commodities and Competing Learning Rules. Journal of Economic Dynamics and Control 37(12), Anufriev, M. and Tuinstra, J. (2013). The impact of short-selling constraints on financial market stability in a heterogeneous agents model. Journal of Economic Dynamics & Control 37(8), Assenza, T. and Delli Gatti, D. (2013). E Pluribus Unum: Macroeconomic modelling for multi-agent economies, Journal of Economic Dynamics and Control 37(8), Bao, T., Duffy, J., and Hommes, C. H. (2013). Learning, forecasting and optimizing: an experimental study. European Economic Review, 61, Heijnen, P. and Wagener, F.O.O. (2013). Avoiding an ecological regime shift is sound economic policy. Journal of Economic Dynamics and Control, 37, Hinloopen, J, Smrkolj, G. & Wagener, F.O.O. (2013). From mind to market: A global, dynamic analysis of R&D. Journal of Economic Dynamics and Control 37, Anufriev, M., Arifovic, J., Ledyard, J. & Panchenko, V. (2013). Efficiency of Continuous Double Auctions under Individual Evolutionary Learning with Full or Limited Information. Journal of Evolutionary Economics, 23(3), Massaro, D. (2013). Heterogeneous expectations in monetary DSGE models, Journal of Economic Dynamics and Control 37(3), Ochea, M.I. (2013). Evolution of Repeated Prisoner's Dilemma Play under Logit Dynamics, Journal of Economic Dynamics and Control 37, Anufriev, M., Assenza, T., Hommes, C.H. and Massaro D. (2013). Interest Rate Rules and Macroeconomic Stability under Heterogeneous Expectations, Macroeconomic Dynamics, 17(8), Anufriev, M., Arifovic, J., Ledyard, J. & Panchenko, V. (2013). Efficiency of Continuous Double Auctions under Individual Evolutionary Learning with Full or Limited Information. Journal of Evolutionary Economics, 23(3), Anufriev, M., Hommes, C.H. and Philipse, R.H.S. (2013). Evolutionary selection of expectations in positive and negative feedback markets, Journal of Evolutionary Economics, 23,

43 Diks, C.G.H., Hommes, C.H. and Zeppini, P. (2013). More memory under evolutionary learning may lead to chaos, Physica A 392, Hommes, C.H. and Lux, T., (2013). Individual expectations and aggregate behavior in learning to forecast experiments, Macroeconomic Dynamics 17(2). Papana, A., Kyrtsou, C., Kugiumtzis, D. and Diks, C. (2013). Simulation Study of Direct Causality Measures in Multivariate Time Series, Entropy (7), Salle, I., Yildizoglu, M. and Sénégas, M.-A. (2013). Inflation Targeting in a Learning Economy, Economic Modelling, 34, Vrugt, J.A., Ter Braak, C.J., Diks, C.G.H., and Schoups, G. (2013). Hydrologic data assimilation using particle Markov chain Monte Carlo simulation: Theory, concepts and applications, Advances in Water Resources 51, Other Salle, I. (2013). Inflation targeting, Transparency and Expectations a review of recent literature (in French). Revue d Economie Politique 123, Wagener, F.O.O. (2013). Shallow lake economics run deep: nonlinear aspects of an economicecological interest conflict. Computational Management Science 10, Zeppini, P. & Bergh, J.C.J.M. van den (2013). Optimal diversity in investments with recombinant innovation. Structural Change and Economic Dynamics 24, Article in journal - non-refereed Assenza, T., Delli Gatti, D. and Semmler, W. (2013). Introduction to the Special Issue on Rethinking policies when heterogeneity matters, Journal of Economic Dynamics and Control, 37(8), Article in journal professional Bao, T. (2013). The Impact of Expectation Feedback Systems on the Reaction of Market Price to Large Unanticipated Shocks, AENORM, 21, Boswijk, H.P. en Hommes, C.H. (2013). Nobelprijs voor empirische analyse van financiele markten, ESB 4672, 8 november 2013, Wolski, M. and Diks, C. (2013), Data Sharpening in Practice: An Application to Nonlinear Granger Causality, AENORM 79, A B Book / book chapter refereed Hommes, C.H. (2013). Behavioral Rationality and Heterogeneous Agents in Complex Economic Systems, Cambridge University Press. Wagener, F.O.O. (2013). Regime Shifts: Early Warnings. In: Encyclopedia of Energy, Natural Resource, and Environmental Economics, Volume 2: Resources, Elsevier, Hommes, C.H., Sorger, G. & Wagener, F.O.O. (2013). Consistency of linear forecasts in a nonlinear stochastic economy, In: Bischi, G.I., Chiarella, C. & Sushko, I. (Eds.), Global Analysis of Dynamic Models in Economics and Finance. Essays in Honour of Laura Gardini, Springer Verlag, Berlin, Kopányi, D. (2013). Heterogeneous learning in Bertrand competition with differentiated goods. In: A. Teglio, S. Alfarano, E. Camacho-Cuena & M. Ginés-Vilar (Eds.), Managing market complexity: the approach of artificial economics (Lecture Notes in Economics and Mathematical Systems, 662) (pp ). Berlin / Heidelberg: Springer. 41

44 Conference paper (proceedings) non-refereed Huang, Z., Wakker, P., Bleichrodt, H., Attema, A. & Gao, Y. (August, 2013). A direct method for measuring discounting of monetary profiles. 24 th Subjective Probability, Utility, and Decision Making Conference (SPDUM), Barcelona, Spain. Working- and discussion papers Anufriev, M. and Tuinstra, J. (2013). The impact of short-selling constraints on financial market stability in a heterogeneous agents model. CeNDEF Working paper 13-01, University of Amsterdam. Anufriev, M., Bao, T. and Tuinstra, J. (2013). Fund Choice Behavior and Estimation of Switching Models: An Experiment. CeNDEF Working Paper University of Amsterdam. Assenza, T., Brock W. A. and Hommes C.H. (2013). Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts, Working Paper Series Department of Economics and Finance #7, Università Cattolica del Sacro Cuore. Assenza, T. and Delli Gatti, D. (2013). An Intertemporal Greenwald-Stiglitz. CeNDEF Working paper 13-06, University of Amsterdam. Assenza, T., Heemeijer, P., Hommes, C.H. and Massaro, D., (2013). Individual expectations and aggregate macro behavior, TI-Discussion Paper Bolt, W., Demertzis, M., Diks, C., Hommes, C. & Leij, M. van der (2013). Bubbles and crashes in house prices under heterogeneous expectations. Amsterdam: Universiteit van Amsterdam. Cornea, A., Hommes, C.H. and Massaro, D. (2013). Behavioral heterogeneity in U.S. inflation dynamics, TI-Discussion Paper Dari-Mattiacci, G., Guerriero, C. and Huang, Z. (2013). The property-contract balance. SSRN Working paper. Diks, C.G.H., Wolski, M. (2013). Nonlinear Granger Causality: Guidelines for Multivariate Analysis CeNDEF Working paper 13-15, University of Amsterdam. Diks, C.G.H., Panchenko, V., Sokolinskiy, O., van Dijk, D. (2013). Comparing the accuracy of copula-based multivariate density forecasts in selected regions of support. Tinbergen Disucssion Paper /III, Tinbergen Institute. Dockner, E.J. and Wagener, F.O.O. (2013). Markov Perfect Nash Equilibria in Models With a Single Capital Stock (Revised version, March 2013). CeNDEF Working paper 13-03, University of Amsterdam. Hinloopen, J., Smrkolj, G. and Wagener, F.O.O. (2013). In Defense of Trusts: R&D Cooperation in Global Perspective. CeNDEF Working paper 13-05, University of Amsterdam. Hommes, C.H. (2013). Behaviorally rational expectations and almost self-fulfilling equilibria, TI- Discussion Paper /II. Hommes, C.H. and Zeppini, P. (2013). Innovate or imitate? Behavioral technological change, TI- Discussion Paper Hommes, C.H. and Zhu, M. (2013). Behavioral learning equilibria, TI-Discussion Paper Kopányi, D. (2013). Price-Quantity Competition under Strategic Uncertainty. CeNDEF Working paper 13-13, University of Amsterdam. Koster, M., Kurz, S., Lindner, I., and Napel, S. (2013). The Prediction Value. Tinbergen Institute Discussion Paper TI Huang, P., Koster, M., and Lindner, I. (2013). Diffusion of Behavior in Network Games Orchestrated by Social Learning. Tinbergen Institute Discussion Paper TI Linde, J., Sonnemans, J. and Tuinstra, J. (2013). Strategies and Evolution in the Minority Game: A Multi-Round Strategy Experiment. CeNDEF Working paper 13-02, University of Amsterdam. Negriu, A. (2013). Financial architecture and industrial technology: A co-evolutionary model. CeNDEF Working paper 13-10, University of Amsterdam. Papana, A., Kyrtsou, C., Kugiumtzis, D. & Diks, C. (2013). Partial Symbolic Transfer Entropy, CeNDEF Working paper 13-16, University of Amsterdam. 42

45 Salle, I. and Seppecher, P. (2013). Social Learning about Consumption. GREDEG Working paper , University of Nice. Salle, I., Sénégas, M-.A. and Yildizoglu, M. (2013). How Transparent About its Inflation Target Should a Central Bank be? An ABM assessment. GREThA Working paper , University of Bordeaux. Sniekers, F.J.T. (2013). Endogenous Beveridge cycles and the volatility of unemployment. CeNDEF Working paper 13-12, University of Amsterdam. Wagener, F.O.O. (2013). Economics of environmental regime shifts. CeNDEF Working paper 13-08, University of Amsterdam. Wagener, F.O.O. (2013). Expectations in Experiments. CeNDEF Working paper 13-07, University of Amsterdam. Wolski, M. (2013). Monetary policy, banking and heterogeneous agents. National Bank of Poland Working Paper 136. Warsaw, Poland. Wolski, M. (2013). Exploring Nonlinearities in Financial Systemic Risk. CeNDEF Working Paper 13-14, University of Amsterdam. Ochea, M.I. & Zeeuw, A. de (2013). Evolution of Reciprocity in Asymmetric International Environmental Negotiations, CeNDEF Working paper 13-09, University of Amsterdam. Zeppini, P. (2013). A discrete choice model of transitions to sustainable technologies, CeNDEF Working Paper 13-11, University of Amsterdam. Zeppini, P., Frenken, K., Izquierdo, L. (2013). Innovation diffusion in networks: the microeconomics of percolation, ECIS Working Paper , Eindhoven University of Technology. UvA Dissertation internally prepared Dugundji, E.R. (2013, 20 June). Socio-Dynamics Discrete Choice: Theory and Application. Universiteit van Amsterdam. [promotor prof. dr H.J.P. Timmermans; co-promotores prof. dr C.H. Hommes, dr J.L. Walker] Smrkolj, G. (2013, 28 June). Dynamic Models of Research and Development. Universiteit van Amsterdam. [promotor prof. dr J. Hinloopen; co-promotor dr ir F.O.O. Wagener] Inaugural Lecture Diks, C. (2013). Complexiteit en Economie. Weboratiereeks, Universiteit van Amsterdam. Conference organiser Assenza T. (2013). Member of the Program Committee of the 20th Conference Computing in Economics and Finance, June 2014, Oslo. Diks, C.G.H. (2013). Co-organiser of the workshop Complexity Models for Systemic Instabilities and Crises, April 2013, Lorentz Center, Leiden, The Netherlands. Diks, C.G.H. (2013). Co-organiser of the Symposium CeNDEF@15, October 2013, Amsterdam, The Netherlands. Hommes, C.H. (2013). Member scientific committee of the Conference on Nonlinear Economic Dynamics (NED 2013), July 2013, Siena, Italy. Ochea, M.I. (2013). Member organising committee 16th International Symposium on Dynamic Games and Applications, July 2014, Amsterdam. Tuinstra, J. (2013). Co-organiser of the Symposium CeNDEF@15, October 2013, Amsterdam, The Netherlands. Wagener, F.O.O. (2013). Co-chair programme committee 16th International Symposium on Dynamic Games and Applications, July 2014, Amsterdam. Wagener, F.O.O. (2013). Chair organising committee 16th International Symposium on Dynamic Games and Applications, July 2014, Amsterdam. Wagener, F.O.O. (2013). Member scientific committee of the Conference on Nonlinear Economic Dynamics (NED 2013), July 2013, Siena, Italy. 43

46 Recognition Massaro, D. (2013). Unicredit Best PhD Thesis Award 2013 for PhD thesis Bounded Rationality and Heterogeneous Expectations. Salle, I. (2013). IdEx Thesis Prize in Humanities and Social Sciences, for Ph.D. thesis titled Heterogeneity, Learning and Monetary Policy: an application to inflation targeting, University of Bordeaux. Sniekers, F.J.T. (2013). NWO MAGW Onderzoekstalent grant (nr , budget Euro) for Ph.D. project titled Search frictions and endogenous cycles in the labor and housing market, applied for by Pieter Gautier and Jan Tuinstra. Hommes, C.H., Diks, C.G.H., Tuinstra, J., Wagener, F.O.O. en Van der Leij, M. (August 2013). The frontiers of Finance, Interview with CeNDEF researchers, International Innovation. Hommes, C. (2013, 22 Juni). Er is geen houden aan die chaos. Volkskrant interview door Martijn van Calmthout met Ferdinand Verhulst, Henk Broer, Cars Hommes, etc. Other Wagener, F.O.O. (2013). Brochure 15th Anniversary of CeNDEF. University of Amsterdam. Editorship Assenza T. (2013). Guest editor Journal of Economic Dynamics and Control for the special issue on Rethinking Economic Policies in a Landscape of Heterogeneous Agents. Diks, C. (2013). Associate editor: Studies in Nonlinear Dynamics and Econometrics. Hommes, C.H. (2013). Advisory Editor Journal of Economic Dynamics & Control. Hommes, C.H. (2013). Editorial Board Complexity Economics. Hommes, C.H. (2013). Associate Editor Computational Economics. Hommes, C.H. (2013). Associate Editor Journal of Economic Interaction and Coordination. Hommes, C.H. (2013). Associate Editor Macroeconomic Dynamics. Leij, M.J. van der (2013). Associate editor: Network Science. Tuinstra, J. (2013). Associate editor Journal of Economic Dynamics and Control. Tuinstra, J. (2013). Guest editor (jointly with P. Commendatore and S. Sordi) of a special issue of the Journal of Economic Dynamics and Control on Complex Nonlinear Dynamics in Economic and Spatial Structures. Keynote/invited talk Assenza T. (2013, January 22). Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises. Research seminar series, De Nederlandsche Bank, Amsterdam. Assenza T. (2013, October). Emergent Dynamic Behavior of a Macroeconomic Agent Based Model. Symposium CeNDEF@15, University of Amsterdam. Diks, C. (2013, September 11). Early warning signals for critical transitions in finance. Tipping Points Conference, ICMS, Edinburg, UK. Diks, C. (2013, January 29). Complexity and Economics, Comenius leergang, Leusden. Diks, C. (2013, April 5). Nonlinear Granger Causality: Guidelines for Multivariate Analysis. Nederlands Mathematisch Congres, Nijmegen. Diks, C. (2013, June 6). Nonlinear Granger Causality: Guidelines for Multivariate Analysis. Dynamics Days 2013, Madrid. Hommes, C.H. (2013, 9 January). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Department of Economics, University of California, Irvine, USA, Invited Seminar. Hommes, C.H. (2013, 11 January). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Department of Economics, University of Oregon, Eugene, USA, Invited Seminar. 44

47 Hommes, C.H. (2013, February). Behavioral learning equilibria, INEXC conference on Finance and Expectational Coordination, NYU, New York. Hommes, C.H. (2013, 1 March). Individual expectations and aggregate macro behavior, Conference on Experiments in Macroeconomics and Financial Economics, Columbia University, New York. Hommes, C.H. (2013, 7 March). A behavioral heterogeneous expectations hypothesis: evidence from lab experiments, CESS Experimental Economics Seminar, NYU, New York, USA. Hommes, C.H. (2013, 8 March). Bounded rationality and heterogeneous expectations in macroeconomics, Seminar FRB New York, USA. Hommes, C.H. (2013, March). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Workshop on Networks and Heterogeneity in Financial Markets, Marseille, France. Hommes, C.H. (2013, 26 March). A behavioral heterogeneous expectations hypothesis: evidence from lab experiments. What policymakers should know, Seminar DNB, Amsterdam. Hommes, C.H. (2013, 4-6 April). What is the role of psychological considerations in economics?, INET Conference Hong Kong. Hommes, C.H. (2013, 6-8 May). A Behavioral Theory of Heterogeneous Expectations in Complex Economic Systems, Interndisciplinary Workshop Complex Social Systems, Mallorca, Spain. Hommes, C.H. (2013, May). Individual expectations and aggregate outcomes in asset pricing experiments, Workshop Econophysics and Networks across Scales, Lorentz Center Leiden, The Netherlands. Hommes, C.H. (2013, 6-8 June). Behavioral learning equilibria, Instability and public policies in a globalized world: Conference in honor of Jean-Michel Grandmont, GREQAM Marseille. Hommes, C.H. (2013, June). Individual expectations and aggregate macro behavior, Conference on Expectations & Macroeconomics, Bank of Spain, Madrid. Hommes, C.H. (2013, 14 June). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Second Seminar Groningen Center for Social Complexity Studies, University of Groningen, Keynote lecture. Hommes, C.H. (2013, June). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, Workshop on Nonlinear dynamics, agent-based models and complex evolving systems in economics, Bologna, Italy. Hommes, C.H. (2013, July). Complex Economic Systems Workshop, CEF 2013 Conference, Vancouver, Canada, 4 Invited Lectures. Hommes, C.H. (2013, 8-10 August). Lab experiments on expectations, Conference on Expectations in Dynamic Macroeconomic Models, FRB San Francisco, USA, Keynote lecture. Hommes, C.H. (2013, September). Complex Economic Systems PhD Course (4 invited lectures), UCSC Milan, Italy. Hommes, C.H. (2013, September). Behavioral Rationality and Heterogeneous Expectations in Macroeconomics, INET Workshop Rethinking Macro-Finance Modeling, Milan, Italy. Hommes, C.H. (2013, 24 September). Bounded rationality and heterogeneous expectations in macroeconomics, Theory & Experiments Seminar, Bocconi University, Milan, Italy. Hommes, C.H. (2013, 25 September). Bounded rationality and heterogeneous expectations in macroeconomics, Seminar Department of Economics, Bicocca University, Milan, Italy. Hommes, C.H. (2013, 8 October). Reflexivity, expectations feedback and almost self-fulfilling equilibria: economic theory, empirical evidence and laboratory experiments, INET Workshop on Reflexivity, Budapest, Hungary. Hommes, C.H. (2013, 7-8 November). Behavioral Rationality and Heterogeneous Expectations in Macroeconomics, Workshop Agent-Based Models, Bordeaux, France, Keynote lecture. Hommes, C.H. (2013, 19 November). The economy as a complex evolving system, Comenius Workshop Santa Fe Institute, Leadership, Complexity and Innovation, Leusden, NL. Hommes, C.H. (2013, 2 December). Booms, busts and behavioural heterogeneity in stock prices, Workshop Centro Ricerca Matematica, Pisa, Italy. Hommes, C.H. (2013, 13 December). Learning to forecast in macro experiments, Department of Economics, University of Exeter, Exeter, UK, Invited Seminar. 45

48 Massaro, D. (2013, June 22). Behavioural Heterogeneity in U.S. Inflation Dynamics. Anglo-French- Italian Macroeconomic Workshop. Birkbeck College, London. Ochea, M.I (2013, July 14-19). Heterogenous Heuristics in Evolutionary Games. Workshop on Evolutionary Dynamics, Hausdorff Institute for Mathematics, Bonn, Germany. Wagener, F.O.O. (2013, 27 March). Numerical Methods to Analyse Feedback Nash Equilibria. Meeting of COST Action IS1104, Lisbon, Portugal. Wagener, F.O.O. (2013, 22 October). Geometrical and numerical methods to study differential games arising in economics. Université Paris 1, Paris, France. Wagener, F.O.O. (2013, 12 November). Geometrical and numerical methods to study differential games arising in economics. TU Wien, Vienna, Austria. Wagener, F.O.O. (2013, 12 December). Stochastic dynamics (and its bifurcations) of optimally managed tipping lakes. Workshop on renewable resources, sustainability, and search. Internationales Wissenschaftsforum Heidelberg, Heidelberg, Germany. Other lectures Assenza T. (2013, 22 November). Animal Spirits, Heterogeneous Expectations and the Emergence of Booms and Busts. OFCE-SKEMA-GREQAM Workshop on Agent-Based Macroeconomics, SKEMA Business School, Sophia-Antipolis Campus, France. Assenza T. (2013, 7-8 November). Emergent Dynamic Behavior of a Macroeconomic Agent Based Model. First Bordeaux Workshop on Agent-Based Macroeconomics, Université Montesquieu Bordeaux IV, France. Assenza T. (2013, July). Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises. 19th International Conference Computing in Economics and Finance (CEF), Simon Fraser University, Vancouver, Canada. Bao, T. (2013, 12 June). Adaptive vs. Eductive Learning: Theory and Evidence, Barcelona Summer Forum on Theoretical and Experimental Macroeconomics, Barcelona, Spain. Bao, T. (2013, 27 June). A Simple Experiment on Fee Structure and Mutual Fund Choice. Experimental Finance Conference, Tilburg, Netherlands. Bao, T. (2013, 4 August). A Simple Experiment on Fee Structure and Mutual Fund Choice. Econometric Society Asian Meeting, Singapore. Bao, T. (2013, 25 September). A Simple Experiment on Fee Structure and Mutual Fund Choice. Economics, Econometrics and Finance Seminar, University of Groningen. Diks, C. (2013, March 6). Comparing the accuracy of copula-based multivariate density forecasts in selected regionsof support. City University, London, UK. Hommes, C.H. (2013, 4-6 January). Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises, AEA meetings, San Diego, USA. Hommes, C.H. (2013, 18 February). Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems, KAFFEE Lunch Seminar FEB, UvA, Amsterdam. Hommes, C.H. (2013, 4-6 July). Behavioral Rationality, NED 2013 Conference, Siena, Italy. Hommes, C.H. (2013, July). Bubbles and crashes in house prices under heterogeneous expectations, CEF 2013 Conference, Vancouver, Canada. Hommes, C.H. (2013, July). Early warning signals for critical transitions in finance, CEF 2013 Conference, Vancouver, Canada. Hommes, C.H. (2013, 8-12 April). Testing ABMs in Laboratory Experiments, CRISIS workshop, Lorentz Center Leiden, The Netherlands. Hommes, C.H. (2013, August). Animal Spirits, Heterogeneous Expectations and the Amplification and Duration of Crises, 28 th EEA Congress, Gothenburg, Sweden. Hommes, C.H. (2013, August). Individual expectations and aggregate macro behavior, 67 th ESEM Meeting Gothenburg, Sweden. Hommes, C.H. (2013, December). Bubbles and crashes in house prices under heterogeneous expectations, NWO Complexity Winterschool, Zandvoort. Leij, M.J. van der (2013, 24 January). Social networks and research output. Internal Seminar Dpt of Economics, City University of London, UK. 46

49 Leij, M.J. van der (2013, 13 February). On the formation and stability of core-periphery networks in the interbank market. Workshop Supervising Financial Networks, Bundesbank, Frankfurt am Main, Germany. Leij, M.J. van der (2013, 28 February). On the formation and stability of core-periphery networks in the interbank market. Internal Seminar, Stanford University, USA. Leij, M.J. van der (2013, 7 March). On the formation and stability of core-periphery networks in the interbank market. Internal Research Seminar, De Nederlandsche Bank. Leij, M.J. van der (2013, 25 April). The formation of a core-periphery network in interbank markets. 4 th TI-MINT workshop, Tinbergen Institute, Amsterdam. Leij, M.J. van der (2013, 28 May). On the formation and stability of core-periphery networks in the interbank market. Lorentz Workshop on Econophysics and Networks across Scales, Lorentz Center, Leiden. Leij, M.J. van der (2013, 5 June). On the formation and stability of core-periphery networks in the interbank market. NWO Complexity Meeting, Utrecht. Leij, M.J. van der (2013, 13 June). The formation of a core-periphery network in over-the-counter markets. 11 th Workshop on Networks in Economics and Sociology, Utrecht University. Leij, M.J. van der (2013, 27 June). Bubbles and crashes in house prices under heterogeneous expectations. Internal seminar, Dpt of Finance, University of Amsterdam. Leij, M.J. van der (2013, 22 October). The formation of a core-periphery network in over-the-counter markets. Deutsche Bundesbank/SAFE Conference, Supervising Banks in Complex Financial Systems, Frankfurt am Main, Germany. Leur, M.C.W. van de (2013, 8 July). Random Networks in Financial Markets, EDE-EM Jamboree, Louvain-la-Neuve, Belgium. Leur, M.C.W. van de (2013, 10 July). Ordersplitting under Individual Evolutionary Learning in a Continuous Double Auction, 19th International conference Computing in Economics and Finance, Vancouver, Canada. Leur, M.C.W. van de (2013, 3 December). Information and Efficiency in Thin Markets over Random Networks, 8 th EBIM Doctoral Workshop, Bielefeld, Germany. Massaro, D. (2013, 4 August). Behavioural Heterogeneity in U.S. Inflation Dynamics. The Econometric Society Asia Meeting, Singapore. Ochea, M.I (2013, July 7-12). Evolution of Reciprocity in n-person, Asymmetric Social Dilemmas, Game Theory Festival, Stony Brook, USA. Salle, I. (2013, 15 February). Social Learning about Consumption. CeNDEF Seminar, University of Amsterdam. Salle, I. (2013, 23 May). An Macro Agent-Based Model with Sectorial Dynamics: Empirical Validation and Prospects. Workshop on Microsimulation: experiences et perspectives. ACOSS, Montreuil, France. Salle, I. (2013, 18 July). Macroeconomic Agent-Based Models. ILO Summer School on Macro and Labour Market Modelling, Turin, Italy. Salle, I. (2013, 16 October). Social Learning about Consumption. GREDEG Seminar, University of Nice, France. Salle, I. (2013, 8 November). How Transparent About its Inflation Target Should a Central Bank be? An ABM assessment. Macro Agent-based Workshop, University of Bordeaux, France. Salle, I. (2013, 18 November). Modelling Social Learning in a General Equilibrium Model. CeNDEF Seminar, University of Amsterdam. Tuinstra, J. (2013, 5 July). Positive welfare effects of barriers to entry in a dynamic equilibrium model, NED 2013, University of Siena, Siena, Italy Tuinstra, J. (2013, 24 October). Grote verwachtingen. Inaugural lecture University of Amsterdam, Amsterdam, The Netherlands. Tuinstra, J. (2013, 25 November). Market-induced rationalization and welfare-enhancing cartels. KAFFEE seminar, University of Amsterdam, Amsterdam, The Netherlands. Veld, D. in t (2013, 14 February). Finding the core: Network structure in interbank markets. Workshop Supervising Financial Networks. Eltville, Germany. Veld, D. in t (2013, 21 February). Finding the core: Network structure in interbank markets. Seminar, Stanford University. Stanford, California, USA. 47

50 Veld, D. in t (2013, 27 May). Optimal sticky prices under rational inattention. CeNDEF Reading Group Learning and Expectation Coordination, Amsterdam. Veld, D. in t (2013, 30 May). On the formation and stability of core-periphery networks in the interbank market. Conference Network Approaches for Interbank Markets, Benicassim, Spain. Veld, D. in t (2013, 25 June). Heterogeneous expectation and the financial crisis. INEXC Conference Expectational coordination in the stock market, Paris, France. Veld, D. in t (2013, 3 September). The formation of a core-periphery network in the interbank market. Tinbergen Institute Lunch Seminar, Amsterdam. Veld, D. in t (2013, 19 November). Asset pricing, heterogeneous agents and leverage. CeNDEF PhD Lunch Seminar, Amsterdam. Wang, H. (2013, December). An R&D race with knowledge accumulation, absorptive capacity and patent. Presentation paper, The Fourth Asia-Pacific Innovation Conference, Taipei, Taiwan. Wolski, M. (2013, 27 March). Nonlinear Granger Causality: Guidelines for Multivariate Analysis. 21st Annual Symposium of the Society for Nonlinear Dynamics and Econometrics, Milan, Italy. Wolski, M. (2013, 10 July). Policy announcements in the new Keynesian model with heterogeneous expectations. 19th International Conference on Computing in Economics and Finance, Vancouver, Canada. Wolski, M. (2013, 10 July). Monetary policy, banking and heterogeneous agents. 19th International Conference on Computing in Economics and Finance, Vancouver, Canada. Wolski, M. (2013, 3 December). Exploring Nonlinearities in Financial Systemic Risk. PhD Seminar, University of Amsterdam. Zeppini, P. (2013, March). Innovation diffusion in networks: the microeconomics of percolation. 4th Workshop on Complex Networks, Berlin. Zeppini, P. (2013, May). Innovation diffusion in networks: the microeconomics of percolation. Lorentz Center Workshop Econophysics and networks across scales, Leiden. Zeppini, P. (2013, September). Branching innovation, recombinant innovation, and endogenous technological transitions. European Conference on Complex Systems, Barcelona, Spain. Zeppini, P. (2013, September). Innovation diffusion in networks: the microeconomics of percolation. European Conference on Complex Systems, Barcelona, Spain. Membership academies Assenza T. (2013). Member of the Advisory Council of the Society for Computational Economics. Diks, C.G.H. (2013). Member of Ph.D. committee of Matthijs Lof, University of Helsinki, Finland. Diks, C.G.H. (2013, April 18). Member of the Ph.D. Committee of Vitalie Spinu, Erasmus University Rotterdam. Diks, C.G.H. (2013). Fellow Tinbergen Institute. Leij, M.J. van der (2013). Examiner of Ph.D. thesis of Mohamad Alghamdi, University of Queensland, Brisbane, Australia. Hommes, C.H. (2013). Fellow Tinbergen Institute. Hommes, C.H. (2013), NWO Complexity Program Committee. Hommes, C.H. (2013). Member of executive committee of the Nonlinear Economic Dynamics Society. Hommes, C.H. (2013). Member Advisory Board Center for Applied Macroeconomic Analysis (CAMA) Australian National University, Canberra Australia. Tuinstra, J. (2013). Fellow Tinbergen Institute. Tuinstra, J. (2013). Member Management Committee for the Netherlands of COST action IS1104: The EU in the new complex geography of economic systems: models, tools and policy evaluation. Wagener, F.O.O. (2013). Fellow Tinbergen Institute. Wagener, F.O.O. (2013). Member Management Committee for the Netherlands of COST action IS1104: The EU in the new complex geography of economic systems: models, tools and policy evaluation. 48

51 Relevant position Assenza T. (2013). Referee for: Journal of Economic Dynamics and Control, Macroeconomic Dynamics, Journal MInd & Society. Bao, T. (2013). Referee for: Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of Economics, Journal of Socio-Economics, Pacific Economic Review. Diks, C.G.H. (2013). Referee for: British Journal of Economics, Management & Trade, Econometric Reviews, Empirical Economics, Energy Economics, Hacettepe Journal of Mathematics and Statistics, International Journal of Bifurcation and Chaos, Journal of Economic Dynamics and Control, Journal of Applied Econometrics, Journal of Hydrology, Journal of Time Series Analysis, Neural Computation, Panoeconomicus, Quantitative Finance, Scientific Reports, Statistical Papers, Statistics, Theoretical and Applied Climatology, Water Resources Research. Hommes, C.H. (2013). Referee for: American Economic Journal: Macro, Management Science. Kopányi, D. (2013). Referee for: Journal of Economic Dynamics and Control. Leij, M.J. van der (2013). Referee for: Economic Journal, Games & Economic Behavior, Journal of Economic Behavior & Organization, Network Science, Scandinavian Journal of Economics, Oxford Bulletin of Economics & Statistics, Journal of Complex Networks. Ochea, M.I. (2013). Referee for: Games and Economic Behavior, Journal of Economic Dynamics and Control, Applied Mathematics and Computation, Journal of Socio-Economics. Salle, I. (2013). Referee for: Macroeconomic Dynamics, Economic Modelling. Tuinstra, J. (2013). Referee for: Cambridge University, Economics Letters, Economic Inquiry, Economic Modelling, Journal of Economic Behavior & Organization, Journal of Economic Dynamics and Control, Mathematics in Computers and Simulation, NWO. Veld, D. in t (2013). Referee for: Computational Economics, Journal of Economic Dynamics & Control, Macroeconomic Dynamics. Wagener, F.O.O. (2013). Referee for: Agence Nationale de Recherche (ANR), Computational Management Science, Ergodic Theory and Dynamical Systems, Journal of Banking and Finance, Journal of Economic Dynamics and Control, Journal of Environmental Economics and Management, Journal of Optimization Theory and Applications, Mathematical Reviews, Oxford Economic Papers. 49

52 50

53 7. ACTUARIAL SCIENCE & MATHEMATICAL FINANCE Programmeme director: Prof. dr.ir. M.H. Vellekoop METIS code: uva/feb/ase/act JEL-classification: C, G2 Starting date: 1989 Website: VSNU-scores : Quality: 4, Productivity: 4, Relevance: 5, Viability: MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Antonio, K. dr. ud 0,60 0,60 0,60 0,60 2 Berkum, F. van msc phd - 0,18 0,32 0,32 3 Boonen, T. dr. ud ,17 3 Can, U. dr. postdoc - - 0,47 0,33 3 Can, U. dr. postdoc ,29 1 Cui, J. dr. ud 0,20 0,16 0,00-1 Cui, J. dr. ud - 0,15 0,16 0,23 3 Dhaene, J. prof. dr. hgl 0, Fan, Z. msc phd - - 0,27-1 Fan, Z. msc phd ,80 3 Gastel, L. van dr. ud ,08 3 Goovaerts, M.J. prof. dr. bijz. hgl 0,21 0, Goovaerts, M.J. prof. dr. guest ,00 1 Haastrecht, A. van drs. phd 0,10 0, Hooijsma, J. msc phd ,13 3 Janssen, M.J.J. drs. phd 0,20 0, Janssen, M.J.J. drs. guest - 0,00-0,00 1 Joseph, A.S. drs. phd 0,20 0, Joseph, A.S. drs. guest - 0,00 0,00-1 Kaas, R. prof. dr. hgl 0,40 0,50 0,50 0,42 1 Kort, J. de msc phd - 0,20 0,40 0,40 3 Kuné, J.B. prof. dr. hgl 0,00 0,05 0,00-1 Kuné, J.B. prof. dr. guest ,00 1 Laeven, R. prof. dr. hgl - - 0,75 0,80 2 Lalu, A. msc phd ,27 1 Plat, H.J. drs. phd 0,20 0, Plat, H.J. drs. guest - 0,00-0,00 1 Ronner, A.E. prof. dr. bijz. hgl 0,10 0,20 0,10-3 Ronner, A.E. prof. dr. bijz. hgl ,10 1 Rijckevorsel, J.L.A. prof. dr. bijz. hgl 0,20 0,20 0,08-3 Tamerus, J.H. drs. oz 0, Vellekoop, M. prof. dr. hgl 0,40 0,25 0,25 0,35 1 Vellekoop, M. prof. dr. hgl - 0,15 0,32 0,

54 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Willemse, W.J. dr. ud 0, Willemse, W.J. dr. guest - 0, Total 1st flow of funds 1,85 0,96 1,02 1,43 Total 2nd flow of funds 0,00 0,60 1,82 1,40 Total 3rd flow of funds 1,11 1,24 1,38 2,76 Total 1st f.o.f. excl. Ph.D.'s 1,75 0,96 0,75 1,16 Total 1st-3rd flow of funds 2,96 2,80 4,22 5,59 Ph.D. students 0,70 0,47 0,99 1, PROGRAMME DESIGN The programme concerns both fundamental and applied research in the field of financial institutions. It is mainly directed at insurance companies (for life, non-life, pension and social insurance), but also at banks and other financial intermediaries. Research is performed on the mathematical modeling, estimation, appraisal and control of financial risks of such financial institutions under complete and incomplete information and for complete and incomplete markets. For long term insurance contracts, especially pensions, saving by insurance is significant, which leads to the study of optimal investment and consumption problems. An increasingly important aspect is the influence of the "risk of longevity" on the policies of life insurance, social insurance and care insurance. Newly reported statistics show that life expectancy continues to rise faster than predicted both in the Netherlands and abroad, and the modeling of this effect and its consequences for life insurance policies and pension contracts therefore remains an important area of investigation. Present-day challenges for non-life insurance contracts include decreasing profit margins, increasing competition and selective behaviour of the insured and of insurance companies. In social insurance, there are specific problems that emerge from the privatisation of social insurance contracts. Apart from studying problems in the separate fields of life, non-life, pension and social insurance, work is also done on the theoretical research subject which concerns the unification of several distinct actuarial theories in these fields, and their connection with stochastic financial mathematics. Supervision and regulation of insurance companies and pension funds form an important part of the field of actuarial research. Methods for risk measurement and the determination of solvency requirements have come under intensified scrutiny in the wake of the recent financial crisis. The new European regulatory framework Solvency II for insurers and the Dutch FTK regulation for pension funds lead to many important new research questions. The Actuarial Science & Mathematical Finance group therefore works on the further development of actuarial risk theory, in particular the development of new mathematical and economic models in the fields of market-consistent valuation, market-consistent pricing and market-consistent embedded value for insurance portfolios. Other significant fields of research are the interaction between credibility theory, models for the estimation of unreported claims (IBNR) and actuarial ordering of risks, and their consequences for the determination of insurance premiums (risk classification). Credibility models can be viewed as Generalized Linear Mixed Models, having both random (subject-specific) and fixed effects in the linear predictor. Generalized Linear Models and Generalized Linear Mixed Models can be used for a variety of actuarial statistical problems like survival modelling, graduation, multiple-state models, loss distributions, risk classification, premium rating and claims reserving in non-life-insurance. Other aspects are the homogeneity and heterogeneity of insurance portfolios, the probabilistic and subsidising solidarity imposed on the insured, the voluntary or compulsory character of the insurance, and the auto-selection and anti-selection of those insured. 52

55 7.3 PROGRAMME EVALUATION The research group Actuarial Science & Mathematical Finance has been growing steadily in the last couple of years. Our PhD student Julien Tomas successfully defended his PhD thesis in January before taking up a position as a postdoc in France and dr. Jiajia Cui has left the group to work fulltime for a Dutch pension fund. However, two new PhD students have arrived in September: Andrei Lalu and Jitze Hooijsma. Mr. Lalu is a full time PhD student who will work on a joint research project with the econometrics group (in particular, prof. Peter Boswijk) in which he will investigate econometric estimation techniques and financial applications of point processes in continuous time stochastic models. Mr. Hooijsma will work as a part-time PhD student on the modelling of inflation risk and its consequences for asset and liability management problems in pension funds and insurance companies. In 2013 we also started an international PhD project: Marko Petrov will work as a PhD student on a fully sponsored EDEEM (European Doctorate in Economics of Erasmus Mundus) research project under joint supervision of our group and a group at the Universidade Nova de Lisboa. This research will consider the problem of derivatives pricing in illiquid markets. The group has also started two tenure tracks, one for dr. Umut Can, who was already a member of the group as a postdoc and one for dr. Tim Boonen, who joined us from Tilburg University where he wrote his PhD thesis on game theoretic approaches to optimal risk sharing problems. These two young researchers provide an excellent fit for the profile of our research group, with a strong focus on the development of quantitative methods which keep concrete applications in the financial industry in mind. This is also an important characteristic of the work done by dr. Leendert van Gastel who won the Dutch Actuarial Society s award for the best thesis in Actuarial Science and who has joined our group for part-time research into the convergence of valuation operators in incomplete markets while working at the Dutch central bank (DNB) for the rest of the time. The solid and useful links with the financial industry have led to interesting joint initiatives such as symposia on long term guarantees embedded in insurance contracts and on the economic consequences of decreasing mortality rates in the Netherlands. The group is responsible for the Netspar research theme Risk Management for Funded Pension Systems and members participated frequently at Netspar events, where scientific results provide important guidance for policy decisions concerning the future of retirement provisions in the Netherlands. But apart from these more practically oriented events the focus has been mainly on the many scientific gatherings that group members have been involved in. The seminar series in Actuarial Sciences and Mathematical Finance has attracted many internationally renowned speakers and provides an extra impulse to the many international contacts that group members have with leading international actuarial research programmes in for example Edinburgh, Leuven, Waterloo and London. We also participated in the organization of international conferences in Brussels and Copenhagen and dr. Antonio acted as scientific chair of the highly successful international ASTIN conference that was held in the Hague in May. International ties were further strengthened by regular visits to Princeton (Laeven), a visiting professorship position at the KU Leuven (Vellekoop) and many invited talks. Strengths: The two new tenure tracks and a number of part-time positions have strengthened the research profile of the group. We therefore expect to continue to play an important role in the national and international research networks which study problems in actuarial science and mathematical finance. Weaknesses: The group has many junior researchers and only a few senior researchers. Opportunities: Research in the group comprises some traditional actuarial subjects but also looks at the interplay between finance and insurance which has received increased attention since the beginning of the financial crisis. This combination is very relevant for subjects such as pension reform and regulatory issues, which are expected to play an important role in the field the coming decade. 53

56 Threats: The group has been successful in attracting more Master students for both Executive and regular programmes but numbers are relatively small compared to other programmes in the faculty. This leads to further pressure on the time available for research. 7.4 RESOURCES AND FUNDING Below are several Research grants awarded to members of the group: 01/ /2014. VIDI grant (NWO Vernieuwingsimpuls/Innovational Research Incentives Scheme) Econometrics of Contagion in Insurance and Finance, prof. dr.r.j.a. Laeven, / /2015. Netspar theme grant: Risk Management for Funded Pension Schemes, theme coordinator: prof. M.H. Vellekoop, / /2015. Chair Verzekeringseconomie sponsored by Verbond van Verzekeraars (Dutch Association of Insurers), / /2014. Sponsored PhD Research Grant, APG (Position of Zhenzhen Fan) Sponsored PhD Research Grant, Van Ameyde (Position to be filled). 7.5 OUTPUT Key publications Antonio K. & Valdez E.A. (2012). Statistical concepts of a priori and a posteriori risk classification. Advances in Statistical Analysis 96(2), Chen, A., Pelsser, A. and Vellekoop, M.H. (2011). Modeling Non-Monotone Risk Aversion Using SAHARA Utility Functions, Journal of Economic Theory 146(5), pp Kaas, R., Goovaerts, M.J., Dhaene, J. & Denuit, M. (2008). Modern actuarial risk theory Using R. 2nd edition. Springer. Laeven, R.J.A. & Stadje, M. (2013). Entropy coherent and entropy convex measures of risk, Mathematics of Operations Research 38, Goovaerts, Marc J., Rob Kaas & Roger J. A. Laeven (2011). Worst case risk measurement: Back to the future?, Insurance: Mathematics and Economics 49, Plat, R. (2009). On Stochastic Mortality Modeling, Insurance: Mathematics and Economics 45 (3), pp Forthcoming Antonio, K. & Plat, H.J. Micro level stochastic loss reserving in general insurance. Scandinavian Actuarial Journal, accepted for publication. Published online May 17, Antonio, K. & Zhang, Y. (2013). Mixed models. Chapter 8 in Predictive Modeling Handbook for Actuarial Science, Vol. 1. (Editors E.W. Frees, R.A. Derrig, G. G.Meyers). Cambridge University Press. Accepted. [A] Antonio, K. & Zhang, Y. (2013). Non-Linear Mixed models. Chapter 16 in Predictive Modeling Handbook for Actuarial Science, Vol. 1. (Editors E.W. Frees, R.A. Derrig, G. G. Meyers). Cambridge University Press. Accepted. [A] Antonio, K., Shi, P. & van Berkum, F. (2013). Longitudinal data and experience rating. In: A. Charpentier (ed.). Computational Actuarial Science with R, Chapman & Hall/CRC, Boca Raton, USA. Charpentier, A. & Kaas, R. (2014). Introduction. In: A. Charpentier (ed.). Computational Actuarial Science with R, Chapman & Hall/CRC, Boca Raton, USA. Laeven, R.J.A. & Stadje, M. (2013). Robust portfolio choice and indifference valuation, Mathematics of Operations Research. 54

57 Tomas, J. and Planchet. F. (2014). Prospective mortality tables and portfolio experience.. In: A. Charpentier (ed.). Computational Actuarial Science with R, Chapman & Hall/CRC, Boca Raton, USA. Publications in numbers Actuarial Science & Mathematical Finance ) Articles a) refereed A 3 B 3 Other 2 8 b) non-refereed 0 c) professional 6 d) popular 0 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 4 3) Proceedings 0 4) PhD theses 1 6) Working papers 9 Total 28 Article in journal refereed A Pelsser, A.A. J. & R.J.A. Laeven (2013). Optimal dividends and ALM under unhedgeable risk, Insurance: Mathematics and Economics 53 (3), Laeven, R.J.A.. & Stadje, M. (2013). Entropy coherent and entropy convex measures of risk, Mathematics of Operations Research 38 (2), Tomas, J. and Planchet F. (2013). Multidimensional smoothing by adaptive local kernel-weighted loglikelihood with application to long-term care insurance. Insurance : Mathematics & Economics, 52(3), B Ikefuji, M., R.J.A. Laeven, J.R. Magnus & C. Muris (2013). Pareto utility, Theory and Decision 75 (1), Tuncel, A. & Tank, F. (2014). Computational results on the compound binomial risk model with nonhomogeneous claim occurrences. Journal of Computational and Applied Mathematics 263, Pigeon, M., Antonio, K. & Denuit, M. (2013). Individual loss reserving with the multivariate skew normal framework. ASTIN Bulletin, The Journal of the International Actuarial Association, 43(3), Other Cui, J., Oldenkamp, B., & Vellekoop, M.H. (2013). When do derivatives add value in asset allocation problems for pension funds?, Rotman International Journal of Pension Management, 6(1), Spring 2013, pp Vercruysse, W., Dhaene, J., Denuit, M., Pitacco, E. & Antonio, K. (2013). Premium indexing in lifelong health insurance. Far East Journal of Mathematical Sciences, Special Volume 2013 (Part IV),

58 Article in journal professional Crom, S. de, van Dijk, R., Kock-De Kreuk, A., Vellekoop, M.H. and Vermeijden, N. (2013). Externe mitigatie van langelevenrisico: ook nu relevant. De Actuaris juli 2013, pp Danielsson, J., R.S. J. Koijen, R.J.A. Laeven & E.C. Perotti (2013). Solvency II: Three principles to respect, VOXEU, October Haastrecht, A. van & Plat, H.J. (2013). Toepassing Least Squares Monte Carlo op Unit Linked met Eindgarantie, De Actuaris januari 2013, pp Laeven, R.J.A. (2013). Kruisbestuiving tussen wetenschap en praktijk, De Actuaris. Tamerus, J.H. (2013). Op de bres voor solidariteit en risicodeling (2), De Actuaris juli 2013, pp Tamerus, J.H. (2013). Aard van de verplichtingen bepaalt de rekenrente, in Rekenrente: de ultieme discussie, website IPNederland, 5 december (blog). Article in magazine or newspaper popular scientific Danielsson, J., R.S. J. Koijen, R.J.A. Laeven & E.C. Perotti (2013). Three principles for Solvency II insurance rules, Financial Times, 21 October Laeven, R.J.A. Interview in Verzekerd!, Nummer 4, september Laeven, R.J.A. Interview in De Leeuwarder Courant, 2 november Laeven, R.J.A. Interview in De Actuaris, jubileumuitgave Tamerus, J.H. (2013). Pensioenplan hinkt op twee gedachten, Het Financieele Dagblad, Pensioenbijlage, 4 november 2013, pp Tamerus, J.H. (2013). Pensioenvoorstel gaat helemaal verkeerde kant op, Het Financieele Dagblad, 5 september 2013, p 4, interview. Tamerus, J.H. & Falco Valkenburg (2013). Op weg naar een nieuw houdbaar stelsel, Het Financieele Dagblad, Pensioenbijlage, 22 april 2013, pp 20-25, interview. Report professional Bilsen, S. van, R.J.A. Laeven & T.E. Nijman (2013). Escalerende garantietoezeggingen: Een alternatief voor het StAr RAM-contract?, Netspar Design Papers 21, Boender, G., Bovenberg, L., Broeders, D., Gortzak, P., Kocken, T., Nijman, T. & Tamerus, J.H. (2013). Gedeelde Uitgangspunten en Dilemma s bij het Ontwerp van Pensioencontracten en het Bijbehorend FTK, Netspar Occasional Paper, Netspar, 12 september Book / book chapter non-refereed Beck, T., Claessens, S. & Schmukler, S.L. (2013). Financial globalization and crises: overview. In: G. Caprio, T. Beck, S. Claessens & S.L. Schmukler (Eds.), The evidence and impact of financial globalization (pp. 1-12). Boston etc.: Elsevier. Book / book chapter professional Antonio, K. & Plat, H.J. (2013). Stochastische schadereservering op microniveau. 50 jaar ASTIN. Verleden, heden en toekomst, Laeven, R.J.A., Spierdijk, L., Pelsser, A. and Vellekoop, M.H,. (2013). Wetenschap bloeit door vragen uit de praktijk. In: 125 jaar Actuarieel Genootschap, Actuarieel Genootschap 2013, pp Tamerus, J.H. (2013). Op de bres voor solidariteit en risicodeling, In:125 jaar Actuarieel Genootschap, Actuarieel Genootschap 2013, pp Working papers Aït-Sahalia, Yacine, Julio A. Cacho-Diaz & R.J.A. Laeven (2013). Modeling financial contagion using mutually exciting jump processes, Mimeo, Princeton University and University of Amsterdam. 56

59 Aït-Sahalia, Yacine, R.J.A. Laeven & Loriana Pelizzon (2013)., Mimeo, Princeton University and University of Amsterdam. Berkum, F. van, Antonio, K. & Vellekoop, M. (2013). Structural changes in mortality rates: with an application to Dutch and Belgian data. (AFI Research Report AFI_1379). Leuven: KU Leuven. Can, S.U., Einmahl, J.H.J., Khmaladze, E.V. & Laeven, R.J.A. (2013). Goodness-of-fit testing in dependence models. Amsterdam: Universiteit van Amsterdam. Cramer, J.S. & Kaas, R. (2013). Mortality hazard rates and life expectancy. (UvA Econometrics Discussion Paper ). Amsterdam: University of Amsterdam. Cui, J. & Ponds E. (2013). Intergnerational Risk Trading, Netspar Design paper, Netspar. Cui, J. & van den Goorbergh, R. (2013), Investing in illiquid assets: implications for long term institutional investors, Netspar Panel paper, Netspar. Ikefuji, M., Laeven, R.J.A., Magnus, J.R. & Muris, C. (2013). Economics meets statistics: Expected utility and catastrophic risk. Odense, Amsterdam, Tilburg and Burnaby: University of Southern Denmark, University of Amsterdam, EURANDOM, CentER, Tilburg University, Simon Fraser University. Vercruysse, W., Dhaene, J., Denuit, M., Pitacco, E. & Antonio, K. (2013). Premium indexing in lifelong health insurance. (AFI Research report). Leuven: KU Leuven. UvA Dissertation internally prepared Tomas, J. (2013, 18 January). Quantifying Biometric Life Insurance Risks --- With Non-Parametric Smoothing Methods. Universiteit van Amsterdam. [Promotor: Prof. dr. R. Kaas, co-promotor: Prof. dr. F. Planchet, Overige leden sectie Act: Dr. K. Antonio (Universiteit van Amsterdam), Prof. dr. M.J. Goovaerts (Universiteit van Amsterdam), Prof. dr. ir. M.H. Vellekoop (Universiteit van Amsterdam)] Conference organiser Antonio, K. (2013). Member of the scientific committee of R in insurance, July 14, 2014, Cass Business School, London, UK. Antonio, K. (2013). Chair of the scientific committee of ASTIN 2013, May 21-24, The Hague, The Netherlands. Can, S.U. (2013). Co-ordinator of the Actuarial Science and Mathematical Finance seminar series at UvA. Kaas, R. (July 1-3, 2013). Member Scientific Committee, IME Conference 2013; Copenhagen. Laeven, R.J.A. (September 6, 2013). Organizer of a Mini Symposium on Insurers and Long Term Guarantees and Investments, Koninklijke Industrieele Groote Club. Vellekoop, M.H. (April 8, 2013). Organiser of Netspar Theme and PIL Conference on Mortality Dynamics and their Economic Consequences, Koninklijke Industrieele Groote Club. Vellekoop, M.H. (February 2013). Member Scientific Committee AfMath Conference, Brussels, Belgium. Recognition Antonio, K. & Claeskens, G. (2013). IWT PhD grant (nr ) for PhD project of Roel Verbelen titled Innovative pricing and reserving in non-life insurance. Antonio, K., Bardoutsos, A. & Ouburg, W. (Fall 2013). Bocconi research grant for the project Bayesian mortality models for two and more (sub)populations. Antonio, K. (2013). Best session award as voted by the participants at the Casualty Loss Reserve Seminar, Casualty Actuarial Society, September (2013), Boston, USA. Gastel, L. van (2013). Winner of 2013 Johan de Witt Prijs of Koninklijk Actuarieel Genootschap. Laeven, R.J.A. Fondation Banque de France Research Grant 2013; EUR ,-. (with Yacine Aït- Sahalia and Loriana Pelizzon). Laeven, R.J.A. Van Ameyde PhD Research Grant. 57

60 Laeven, R.J.A. APG PhD Research Grant. Laeven, R.J.A. Sponsorship Chair of Risk and Insurance by the Dutch Association of Insurers. Laeven, R.J.A. Netspar Theme Grant 2012 (one of eight participants). Laeven, R.J.A. VIDI Research Grant 2009 awarded by the Netherlands Organization for Scientific Research (NWO). Tamerus J.H. (2013). De bedenkingen van Jan Tamerus, in FOCUS Pensioen op de helling, IPNederland, oktober/november 2013, jaargang 6, nummer 34, pp 14-16, interview. Vellekoop, M.H. (2013-). Research project leader of the Netspar (Network for Studies on Pensions, Aging and Retirement) Research Theme grant Risk Management for Funded Pension Systems. Vellekoop, M.H. (2013-) Supervisor of European Doctorate in Economics Erasmus Mundus (EDEEM) funded PhD student Marko Petrov (jointly with prof. João Amaro de Matos, NOVA, Lisbon, Portugal). Editorship Goovaerts, M. (2013). Insurance: Mathematics and Economics, Editor. Goovaerts, M. (2013).Journal of Computational and Applied Mathematics, Editor. Kaas, R. (2013).Insurance: Mathematics and Economics, Managing Editor. Laeven, R.J.A. (2013). Dependence Modelling, Associate Editor. Laeven, R.J.A. (2013). Insurance Markets and Companies: Analyses and Actuarial Computations, Associate Editor. Laeven, R.J.A. (2013). Insurance: Mathematics and Economics, Associate Editor. Keynote/invited talk Antonio, K. (2013, December 15). Micro level stochastic loss reserving for general insurance. Talk in the actuarial statistics session (host: prof. Tim Verdonck) at ERCIM 2013, University College London, London, UK. Antonio, K. & Plat, H.J. (2013, October 29). Stochastische schadereservering op microniveau. 50 jaar ASTIN. Verleden, heden en toekomst, Celebrating 50 years of ASTIN The Netherlands, Soest, The Netherlands. Antonio, K. (2013, June 13). Individual loss reserving with the multivariate skew normal framework. Talk in the claims reserving session (host: prof. Mario Wüthrich) at the Cramér Symposium in Insurance Mathematics, Stockholm University, Sweden. Can, S.U. (2013, July 11). Asymptotically Distribution-Free Goodness-of-Fit Testing for Tail Copulas. 8 th Conference on Extreme Value Analysis, Fudan University, Shanghai, China. Can, S.U. (2013, December 3). Asymptotically Distribution-Free Goodness-of-Fit Testing for Tail Copulas. Wellington Workshop in Probability and Mathematical Statistics, Victoria University of Wellington, New Zealand. Gastel, L. van (2013, 7 juni). Risk beyond the hedge, Koninklijk Actuarieel Genootschap Johan de Witt Prijs Nomination Ceremony, Utrecht, Invited Speaker. Goovaerts, M. (2013, Aug 25), Risk measures with applications to actuarial premiums and solvency, World statistical conference, Hong Kong, Invited Talk. Goovaerts, M. (2013, May 22), The mean value principle revisited, IIFC, Istanbul, Turkey, Invited Talk. Goovaerts, M. (2013, June 6), The mean value principle revisited, University of Liverpool. Liverpool. UK, Invited Talk. Goovaerts, M. (2013, April 2), Comparison of risk measures for decision principles, solvency capital and insurance premiums, University of St. Petersburg, St. Petersburg, Russia, Invited Talk. Laeven, R.J.A. (November 29, 2013). Econom(etr)ische aspecten van verzekeringsfraude, Invited Speaker, ACIS Symposium, Royal Netherlands Academy of Arts and Sciences, Amsterdam, The Netherlands. Laeven, R.J.A. (September 27, 2013). Mythbusters, Invited Speaker, Verbond van Verzekeraars, Den Haag, The Netherlands. 58

61 Laeven, R.J.A. (September 6, 2013). Verzekeraars en langetermijngaranties en -investeringen, Invited Speaker, Koninklijke Industrieele Groote Club, Amsterdam, The Netherlands. Laeven, R.J.A. (April 24, 2013). Van Johan de Witt naar Solvency II: Waerdije van Lyfrenten, Invited Keynote Speaker, AG/AI Mini-Symposium, Den Helder, The Netherlands. Laeven, R.J.A. (March 15, 2013). De zorgverzekering: Enige verzekeringseconomische opmerkingen, Invited Speaker, ACIS Symposium, Royal Netherlands Academy of Arts and Sciences, Amsterdam, The Netherlands. Laeven, R.J.A. (February 26, 2013). LTG package in Solvency II: A crucial challenge, Invited Speaker, European Systemic Risk Board, Frankfurt, Germany. Vellekoop, M.H. (March 19, 2013). Longevity risk: from measurement to management, Actuarial Contact Program Meeting, KU Leuven & Delta Lloyd, Brussel, Belgium, Invited Talk. Vellekoop, M.H. (April 5, 2013). Waardering in het buitenland voor waarderen in Nederland, Discussion Meeting API (Algemene Pensioeninstellingen), Dutch Ministry of Finance, Den Haag, invited speaker. Vellekoop, M.H. (October 24, 2013). Optimal investment and consumption when allowing for terminal debts, Heriot-Watt University, Edinburgh, UK, Invited Talk. Other lectures Antonio, K. (2013, September 16). Individual loss reserving. CAS Loss Reserve Seminar, Boston, USA. Antonio, K. (2013, May 21). Individual claims reserving with the multivariate skew normal framework. ASTIN Colloquium, The Hague, The Netherlands. Berkum, F. van (January 2013). Structural breaks in mortality rates. Perspectives on Actuarial Risks in Talks of Young Researchers 2013, University of Lausanne. Berkum, F. van (July 2013). Structural breaks in mortality rates, 17th International IME Conference, Copenhagen, Denmark. Berkum, F. van (November 8, 2013). Structural breaks in mortality rates. Netspar Pension Day, Utrecht. Boonen, T. (Nov 8, 2013) Bargaining for risk redistributions: the case of longevity risk, Netspar Pension Day, Utrecht. Fan, Z. ( October, 2013). Dominant factor bias in portfolio choice: Fears of contagion. Quantitative Roundtable Seminar, APG, Amsterdam. Janssen, M.J.J. (2013). Optimal Allocation of Diversification Benefit. Workshop in het kader van Permanente Educatie voor Actuarissen. Achmea, Zeist. Janssen, M.J.J. (2013,30 oktober). Hedging Interest Rate Risk at a Life Insurance Company. Gastcollege Corporate Finance voor1e jaars master studenten aan Norges Teknisk- Naturvitenskapelige Universitet, Trondheim. Janssen, M.J.J. (2013, 8 november). Hedging Interest Rate Risk at a Life Insurance Company. Risk Managment Seminar voor2e jaars master studenten aan Norges Teknisk-Naturvitenskapelige Universitet, Trondheim. Kort, J. de (July 2, 2013). Optimal investment with stochastic mortality and stochastic interest rates, 17th International IME Conference, Copenhagen, Denmark. Laeven, R.J.A. (July 2, 2013). Transform analysis and insurance and financial mathematics for Lévy processes: A recursive approach, 17th International IME Conference, Copenhagen, Denmark. Tamerus, J.H. (2013, October). Pensioenzekerheid in beweging, Dutch Actuarial Association AG-AI, Masterclass. Tamerus, J.H. (2013, October). Solidariteit in ons pensioen: we hebben wat te verliezen!, De Dag van De Actuaris 2013, Lecture. Tamerus, J.H. (2013, September). Consultatiedocument FTK: wat wordt uw reactie? Lossen de voorstellen de problemen op?, Studymeeting for boardmembers of trustees, APG. Tamerus, J.H. (2013, September). De reele ambitieovereenkomst en de Tilburgse amendering op FTK 1+, study meeting pension fund boardmembers and professionals, Netspar. Tamerus, J.H. (2013, August). Consultatiedocument FTK: wat wordt uw reactie? Lossen de voorstellen de problemen op?, MHP (a Dutch Labour Orgamization), studymeeting. 59

62 Tamerus, J.H. (2013, May). Het nieuwe reele contract: doen en snel! Nodig om jong te binden en idc te voorkomen, NVOG (a Dutch Pensioners Organization), studymeeting. Tamerus, J.H. (2013, April). Het pensioencontract in beweging. Het kan niet zo blijven als het is. MKB (a Dutch Employers Organization), studymeeting. Vellekoop, M.H. (July 1, 2013). Optimal investment and consumption when allowing for terminal debts, 17th International IME Conference, Copenhagen, Denmark. Membership academies Antonio, K. (2013). Member of the PhD committee of Sara Maccaferri, Modeling an Efficient Safetynet Tool for Banks, KU Leuven, defended March 1, Antonio, K. (2013). Member of the PhD committee of Daniël Linders, Measuring the degree of herd behavior in financial markets, defended June 27, Antonio, K. (2013). Member of the PhD committee of Philippe Louis, Case studies in quantitative financial modeling, defended November 14, Boonen, T. (2013). Fellow of the Network for Studies on Pensions, Aging and Retirement (Netspar). Laeven, R.J.A. (2013). PhD Committee of Kyle Moore, Erasmus University Rotterdam. (Promotors: prof. dr. Casper de Vries, dr. Chen Zhou) Laeven, R.J.A. (2013). PhD Committee of Janko Gorter, Groningen University. (Promotors: prof. dr. Klaas Knot, prof. dr. Jaap Bikker) Laeven, R.J.A. (2013). PhD Committee of Paul Gruntjes, University of Amsterdam. (Promotors: prof. dr. Michel Mandjes, dr. Peter Spreij) Laeven, R.J.A. (2013). Fellow and Director of the Insurance Supervision Research Program of the Amsterdam Center for Insurance Studies (ACIS). Laeven, R.J.A. (2013). Extramural Fellow of CentER. Laeven, R.J.A. (2013). Fellow of the cluster Stochastics --- Theoretical and Applied Research (STAR). Laeven, R.J.A. (2013). Fellow of the Network for Studies on Pensions, Aging and Retirement (Netspar). Tamerus, J.H. (1992-). Member of the Pension Committee of the Dutch Labour Foundation on behalf of the Union for Middelclass and Higher Employees (MHP) Vellekoop, MH.. (2013). PhD Committee of Paul Gruntjes, University of Amsterdam. (Promotors: prof. dr. Michel Mandjes, dr. Peter Spreij) Vellekoop, M.H. (2013). Member of Commissie Sterfte Onderzoek van het Actuarieel Genootschap. Vellekoop, M.H. (2013-). Fellow of the Network for Studies on Pensions, Aging and Retirement (Netspar). Relevant position Antonio, K. (2013). Member of Werkgroep Prognosetafels van het Actuarieel Genootschap. Antonio, K. (2013). Referee for: ASTIN Bulletin, The Journal of the International Actuarial Association, Scandinavian Actuarial Journal. Can, S.U. (2013). Referee for: Statistics and Its Interface. Janssen, M.J.J. (2013). Referee for: Insurance: Mathematics and Economics Laeven, R.J.A. (2013). Visiting Professor at the Bendheim Center for Finance, Princeton University, US. Laeven, R.J.A. (2013). Co-Director of the Research Focal Area of Risk and Macro Finance at the University of Amsterdam. Laeven, R.J.A. (2013). Advisor and Co-Director of the Multivariate Risk Modeling Group, Eurandom, the European Institute for Statistics, Probability, Stochastic Operations Research and Its Applications, Eindhoven, The Netherlands. Vellekoop, M.H. (2013). Referee for: Journal of Computational Finance, Mathematical Finance, Insurance: Mathematics and Economics. Vellekoop, M.H. (March & April 2013). Visiting professor at invitation of KU Leuven. 60

63 8. INDUSTRIAL STATISTICS Programme director: Prof. dr. R.J.M.M. Does METIS-code: uva/feb/ase/ibis JEL-Classification: C1 (Econometric and Statistical Methods and Methodology: General) Starting date: 1994 Website: VSNU-scores : (Mathematics): Quality: 4, Productivity: 4, Relevance: 5, Viability: MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding IBIS Akkerhuis, T.S. drs. phd - - 0,17 0,50 3 Does, R.J.M.M. prof. dr. hgl 0,30 0,30 0,30 0,20 3 Does, R.J.M.M. prof. dr. hgl 0,10 0,10 0,10 0,20 1 Erdmann, T.P. drs./dr. oz 0,50 0,50 0,50 0,40 3 Lokkerbol, J. drs. phd 0,40 0, Mandjes, M. prof. dr. hgl ,10 3 Mast, J. de dr. hgl 0,40 0,40 0,40 0,30 3 Kemper, B.P.H. dr. oz 0,50 0,50 0,40-3 Kuiper, A. drs. phd ,46 3 Schoonhoven, M. dr. oz 0,50 0,50 0,40 0,40 3 Steiner, S.H. prof. dr. guest - - 0,00 0,00 N/A Zwetsloot, I.M. drs. phd - - 0,08 0,50 3 Total 1st flow of funds 0,10 0,10 0,10 0,20 Total 2nd flow of funds 0,00 0,00 0,00 0,00 Total 3rd flow of funds 2,60 2,40 2,25 2,86 Total 1st f.o.f. excl. Ph.D.'s 0,10 0,10 0,10 0,20 Total 1st-3rd flow of funds 2,70 2,50 2,35 3,06 Ph.D. students 1,90 1,70 0,25 1, PROGRAMME DESIGN The research is tightly associated to the commercial activities of IBIS, which is an independent consulting firm owned by the UvA. The interaction of scientific research on the one hand, and its application in the service of IBIS UvA s clients on the other, is seen as the crux of the institute. Industrial Statistics aims to develop techniques and methods, and build methodological knowledge in support of their effective application, for the pursuit of operational effectiveness in businesses and industry. Industrial statistics has strong ties with statistics, operations research, management science and industrial engineering. Research focuses on four themes, elaborated as through below. 61

64 8.2.1 Statistical process control and control charting methodology Statistical process control (SPC) offers methods for detecting when a system transits from a normal state to a disturbed state (named out-of-control). Methodology for SPC in the manufacturing industry has, in the previous two decades, reached a mature stage. Attention is now shifting to control chart methods for robust monitoring and for detecting small shifts in the parameters. Such applications require an integration of SPC with robust statistics and adding additional runs rules to the control charts Methodologies for improvement of operational effectiveness, especially in healthcare Industry and consulting firms develop methodologies for process, quality and efficiency improvement, some of which are applied on an extremely wide scale. Examples include Six Sigma, Lean Manufacturing, Business Process Reengineering, and Statistical Process Control. A critical and scientific study of these commercially offered methodologies aims to assess their merits, and where possible suggest improvements. In recent years, the research has focused on improvement of operational effectiveness in healthcare institutions in particular. Pressure on healthcare to improve quality, efficiency and safety is high. The consultancy activities of IBIS UvA, as well as the excellent network of contacts in healthcare, provide a good empirical basis for the research, and ample opportunities to test methods in practice. Another special focus is on methodologies for diagnostic problem solving, including frameworks and prescriptions for exploratory data analysis, and the identification and specification of strategies for efficient diagnosis Measurement system analysis The precision of measurement devices, as well as the reliability of diagnostic tests and quality inspections, can be established by means of a statistical evaluation. Especially the evaluation of measurements and tests that produce results on binary and categorical scales struggles with fundamental and practical hiatuses in insight, for which it is plausible that industrial statistics can make contributions and possibly even induce breakthroughs Stochastic scheduling in services and healthcare Efficient scheduling of hearings in a court house, of patients in a dental practice, or in general: of customers waiting for a service, must deal with random variation in arrival times and availability of the servers. Research aims to expand and apply the theory of stochastic scheduling to improve efficiency, optimizing and improving the balance between utilization of the resources, and waiting time for the customers. The research aims to advance the mathematical treatment, stochastic analysis of queues, and the practical usefulness in service and healthcare systems. 8.3 PROGRAMME EVALUATION Group, formation and activities There are two chairs in Industrial Statistics: Industrial Statistics (prof. dr. Does) and Methods & Statistics for Operations Management (prof. dr. De Mast). Prof. dr. Mandjes, professor of Applied Probability at the Faculty of Science of the UvA, has accepted a 0.1 FTE position at IBIS starting January 1st, Further, the group has two senior researchers (dr. Erdmann and dr. Schoonhoven), and three junior researchers (drs. Akkerhuis, drs. Kuiper, drs. Zwetsloot). In addition, prof. dr. Steiner has joined the group for a period of 11 months (Sept 2012 through June 2013) as a visiting professor. Stefan Steiner is professor in the Dept. of Statistics & Actuarial Sciences in Waterloo University, Canada. The group has collaborated extensively with researchers from other institutions, most notably: the University Medical Center in Groningen; the Faculty of Economics and Business, University of Groningen; the King Fahad University of Petroleum and Minerals, Dhahran, Saudi Arabia; the Quaid- 62

65 i-azam University Islamabad, Pakistan; University of Sargodha, Sargodha, Pakistan. Waterloo University, Canada; and the Institute of Psychology, Leiden University. Also, the group has benefited from close collaborations with several hospitals and companies that allowed researchers of Industrial Statistics to do field tests and collect data for their research, and professionals from these organizations have co-authored several case studies with Industrial Statistics researchers. SWOT: - Compared to previous years, we think the research group has managed to build sufficient critical mass to allow us to aim for high impact research projects. - All senior and junior researchers of Industrial Statistics combine their academic work with a position as consultant in IBIS s commercial activities; this combination represents a unique strength of the group, as research is inspired by and thoroughly grounded in its application context in the field, and consulting services provide an effective channel for research output to be of benefit for society. - But the combination of highly professional work in consultancy and academic work represents a challenge for time management Achievements in 2013 Among the best achievements of 2013, the group considers: - 18 refereed papers (2xA, 14xB), 6 non-refereed publications - 1 MSc thesis: drs. Alex Kuiper forthcoming papers (1xA, 14xB) SWOT: - The research output of the group is good considered the limited size of the group, and it is impressive considered that the group is almost entirely funded (directly or indirectly) by revenues generated by group members themselves. - The output is again high like previous years (2012: 6 refereed papers, 3 dissertations and 9 forthcoming papers). This is remarkable because prof. dr. Does is highly involved in the Executive Programmes, and prof. dr. De Mast has substantial teaching activities External evaluations Most recent evaluation (note that the group was part of the KdV Institute for Mathematics in the period that was evaluated): VSNU-scores (Mathematics): Quality: 4, Productivity: 4, Relevance: 5, Viability: Relevance for society and valorization The research is aimed at developing effective methods and techniques for various ambitions in operations improvement in commercial firms and nonprofit organizations: - Quality control and improvement; - Operational effectiveness and productivity; - Safety and reliability of processes; - Product development. SWOT: - The consulting activities of IBIS offer opportunities for cross-fertilization that are recognized internationally as unique. - Much research is directly inspired by problems encountered in our consulting activities. These activities and the courses that we teach offer an effective outlet for the results of research. - In its publication policy, IBIS aims to strike a balance between prestigious academic journal, and applied and professional journals. 63

66 8.4 RESOURCES AND FUNDING Prof. dr. Does s full professor position at the FEB is partially (0.2 fte) paid for by funds of the 1st flow and by funds of the 3rd flow of IBIS (0.2 fte). All other positions are paid for by funds of the 3rd flow. Prof.dr. De Mast has a 0.2 fte position as HGL and Prof.dr. Mandjes has a 0.1 fte position as HGL, which are paid for from the dividend of IBIS. Prof.dr. Steiner s visiting professorship is paid by Waterloo University. The other personnel costs are directly paid by IBIS. 8.5 OUTPUT Key publications Kemper, B.P.H. & Mandjes, M.R.H. (2012). Mean sojourn times in two-queue fork-join systems: bounds and approximations. OR Spectrum 34(3), [B] Mast, J. de (2011). The tactical use of constraints and structure in diagnostic problem solving. Omega 39(6), [B] Mast, J. de, Erdmann, T.P. & Wieringen, W.N. van (2011). Measurement system analysis for binary inspection: Continuous versus dichotomous measurands. Journal of Quality Technology 43(2), [A] Mast, J. de & Lokkerbol, J. (2012). An Analysis of the Six Sigma DMAIC Method from the Perspective of Problem Solving. International Journal of Production Economics 139(2), [A] Schoonhoven, M., Riaz, M. & Does, R.J.M.M. (2011). Design and analysis of control charts for standard deviation with estimated parameters. Journal of Quality Technology 43(4), [A] Schoonhoven, M. & Does, R.J.M.M. (2012). A robust standard deviation control chart. Technometrics 54(1), [A] Forthcoming Abbas, N., Riaz, M. & Does, R.J.M.M. (2014). An EWMA-type control chart for monitoring the process mean using auxiliary information. Communications in Statistics Theory and Methods. Abbas, N., Riaz, M. & Does, R.J.M.M. (2014). Memory-type control charts for monitoring the dispersion parameter. Quality and Reliability Engineering International. [B] Abbas, N., Riaz, M. & Does, R.J.M.M. (2014). Enhancing the performance of EWMA charts: discussion. Quality and Reliability Engineering International. [B] Asghari, N., Mandjes, M. & Walid, A. Energy-efficient scheduling in multi-core servers. Computer Networks. [B] Blanchet, J. & Mandjes, M.. Asymptotics of the area under the Levy-driven storage graph. Operations Research Letters. [B] Blom, J., Kella, O., Mandjes, M. & Thorsdottir, H.. Markov-modulated infinite-server queues with general service times. Queueing Systems. [A] Does, R.J.M.M. & Vining, G.G. (2014). Special issue on the first Stu Hunter research conference. Quality Engineering 26(1). [B] Erdmann, T.P., De Mast J. & Warrens M. (in press). Some common errors of experimental design, interpretation and inference in agreement studies. Statistical Methods in Medical Research. Es-Saghouani, A. & Mandjes, M. Exact multivariate workload asymptotics. Mathematical Methods of Operations Research. [B] Huang, G., Mandjes, M. & Spreij, P. Limit theorems for reflected Ornstein-Uhlenbeck processes. Statistica Neerlandica. [B] Mandjes, M.. Generalized birthday problems in the large-deviations regime. Probability in the Engineering and Informational Sciences. [B] 64

67 Mast, J. de, Akkerhuis, T. & Erdmann, T.P. (2014). The statistical evaluation of categorical measurements: Simple scales, but treacherous complexity underneath. Quality Engineering 26(1). [B] Mehmood, R., Riaz, M. & Does, R.J.M.M. (2014). On the applications of rank set sampling schemes. Quality Engineering 26(3). [B] Nazir, H.F., Riaz, M. & Does, R.J.M.M. (2014). Robust CUSUM control charting for process dispersion. Quality and Reliability Engineering International. [B] Nazir, H.F., Schoonhoven, M., Riaz, M. & Does, R.J.M.M. (2014). How to set up a robust Shewhart control chart for dispersion? Quality Engineering 26(1). [B] Nazir, H.F., Schoonhoven, M., Riaz, M. & Does, R.J.M.M. (2014). A stepwise approach for setting up a robust Shewhart location control chart. Quality Engineering 26(2). [B] Publications in numbers Industrial Statistics (IBIS) ) Articles a) refereed A 2 B 14 Other 2 18 b) non-refereed 4 c) professional 2 d) popular 1 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 0 3) Proceedings 0 4) PhD theses 0 6) Working papers 0 Total 25 A B Article in journal - refereed Kaynar, B. & Mandjes, M. (2013). Estimation of the workload correlation in a Markov fluid queue. Queueing Systems 73, Schoonhoven, M. & Does, R.J.M.M. (2013). Response to the letter to the editor concerning articles on robust estimation techniques for SPC. Journal of Quality Technology 45(4), pp Abbas, N., Riaz, M. & Does, R.J.M.M. (2013). Mixed EWMA-CUSUM charts for process monitoring. Quality and Reliability Engineering International 29(3), pp Abbas, N., Riaz, M. & Does, R.J.M.M. (2013). CS-EWMA chart for monitoring process dispersion. Quality and Reliability Engineering International 29(5), pp Blom, J., Mandjes, M., & Thorsdottir, H. (2013). Time-scaling limits for Markov-modulated infiniteserver queues. Stochastic Models 29, Blom, J., de Turck, K. & Mandjes, M. (2013). Rare-event analysis of Markov-modulated infiniteserver queues: a Poisson limit. Stochastic Models, 29, Debicki, K., Mandjes, M., & Sierpinska-Tulacz, I. (2013). Transient analysis of L évy-driven tandem queues. Statistics and Probability Letters 83, Iseger, P., Gruntjes, P., den & Mandjes, M. (2013). A Wiener-Hopf based approach to numerical computations in fluctuation theory for Levy processes. Mathematical Methods in Operations Research 78,

68 Juneja, S. & Mandjes, M. (2013). Overlap problems on the circle. Journal of Applied Probability 45, Kella, O. & Mandjes, M. (2013). Transient analysis of reflected Levy processes. Statistics and Probability Letters, 83, Kemper, B.P.H., De Mast, J. (2013). Measurement plans for process flow improvement in services and healthcare. Quality Engineering 25(4), Mast, J. de (2013). Diagnostic quality problem solving: A conceptual framework and six strategies. Quality Management Journal 20(4), Mehmood, R., Riaz, M. & Does, R.J.M.M. (2013). Control charts for location based on different sampling schemes. Journal of Applied Statistics 40(3), Mehmood, R., Riaz, M. & Does, R.J.M.M. (2013). Efficient power computation for r out of m runs rules schemes. Computational Statistics 28(2), pp Nazir, H.F., Riaz, M., Does, R.J.M.M. & Abbas, N. (2013). Robust CUSUM control charting. Quality Engineering 25(3), pp Schoonhoven, M. & Does, R.J.M.M. (2013). A robust Xbar control chart. Quality and Reliability Engineering International 29(7), pp Other Niemeijer, G.C., Flikweert, E., Trip, A., Does, R.J.M.M., Ahaus, K.T.B., Boot, A. & Wendt, K.W. (2013). The usefulness of Lean Six Sigma to the development of a clinical pathway for hip fractures. Journal of Evaluation in Clinical Practice 19(5), pp Van den Heuvel, J., Niemeijer, G.C. & Does, R.J.M.M. (2013). Measuring health care quality: the challenges. International Journal of Health Care Quality Assurance 26(3), pp Article in journal non-refereed Erdmann, T.P., Boessenkool, H., Hogewoning, L. & Does, R.J.M.M. (2013). Quality Quandaries: Reducing work in process at an emergency assistance center, Quality Engineering 25(1), pp Erdmann, T.P., Janssen, W.W.L.M., & Does, R.J.M.M. (2013). Quality Quandaries: Streamlining the procurement process at a media and entertainment company. Quality Engineering 25(4), pp Mast, J. de, Kemper, B.P.H., Wiltjer, A., & Does, R.J.M.M. (2013). Quality Quandaries: Deploying Operational Excellence at a Financial Service Provider. Quality Engineering 25(3), Schoonhoven, M., Lubbers, C. & Does, R.J.M.M. (2013). Quality Quandaries: Shortening the throughput time of a hospital s billing process. Quality Engineering 25(2), pp Article in journal professional Does, R.J.M.M. & Trip, A. (2013). Interpreteren van signaleringsregels van de Shewhart regelkaart. Sigma 13/2 (April 2013), pp Mast, J. de & Does, R.J.M.M. (2013). Ook bestuur moet evidencebased werken (2). Medisch Contact 12 (21 March 2013), p Article in journal popular Schoonhoven, M. (2012). IBIS UvA: Combining theory and practice in the area of quality and efficiency improvement. Aenorm, 20, Conference organiser Does, R.J.M.M. (2013). Local organizer of the First Stu Hunter Research Conference, March 2013, Heemskerk, The Netherlands. Does, R.J.M.M. (2013). Supervisor of the Second Stu Hunter Research Conference, March 2014, Tempe, Arizona, USA. 66

69 Mast, J. de (2013). Local organizer of the First Stu Hunter Research Conference, March 2013, Heemskerk, The Netherlands. Editorship Does, R.J.M.M. (2013) Member Editorial Board, and Member Advisory Board, Quality Engineering. Does, R.J.M.M. (2013) Column Editor, Quality Engineering. Does, R.J.M.M. (2013) Member Editorial Board, Quality Technology and Quantitative Management. Does, R.J.M.M. (2013) Member Editorial Advisory Board, International Journal of Lean Six Sigma. Does, R.J.M.M. (2013) Member Publication Management Board American Society for Quality. Mast, J. de (2013) Guest Editor Quality Engineering (Special Issue for the Stu Hunter Research Conference). Mast, J. de (2013) Member Editorial Board Quality Engineering. Keynote/invited talk Does, RJMM (2013, 26 March). Management of Processes. Invited presentation, University of Nijenrode, Breukelen. Does, R.J.M.M. (2013, 18 June), A Lean Six Sigma Transformation at a Financial Service Provider. Invited speaker European Organization of Quality, Tallinn, Estonia. Does, R.J.M.M. & Schoonhoven, M. (2013, 10 July), Using Statistical Process Control for generating robust parameter estimates, Invited talk at the Third International Symposium on Statistical Process Control, Piraeus, Greece. Erdmann, T.P. (2013, 7 June) The statistical evaluation of a binary test based on combined samples: A case study. Invited Speaker, Quality and Productivity Research Conference, Albany (NY). Mast, J. de (2013, 13 March) The Statistical Evaluation of Categorical Measurements. Feature Speaker, Stu Hunter Research Conference, Heemskerk. Mast, J. de (2013, 7 June) Validity of categorical measurements: Common errors of experimental design, interpretation and inference in agreement studies. Invited Speaker, Quality and Productivity Research Conference, Albany (NY). Zwetsloot, I.M., Schoonhoven, M. & Does, R.J.M.M. (2013, 10 July), A Robust Exponentially Weighted Moving Average (EWMA) Control Chart, Invited talk at the Third International Symposium on Statistical Process Control, Piraeus, Greece. Other lectures Mast, J. de (2013, 25 October) Operations improvement in healthcare. Seminar, Boğaziçi University, Istanbul. Mast, J. de (2013, 30 October) Lean Experience. Workshop, Hacettepe University, Ankara. Mast, J. de (2013, 31 October) Operations improvement in healthcare. Seminar, Hacettepe University, Ankara. Membership academies Does, R.J.M.M. (2013) Academician, International Academy for Quality. Does, R.J.M.M. (2013) Board member, Dutch Academy for Quality. Does, R.J.M.M. (2013) Fellow, American Society for Quality (ASQ). Does, R.J.M.M. (2013) Elected member, International Statistical Institute (ISI). Does, R.J.M.M. (2013) Member of the ASQ Shewhart Medal Nomination Committee. Does, R.J.M.M. (2013) Member of the ASQ Statistics Division Hunter Award Nomination Committee. Does, R.J.M.M. (2013) Council Member, European Network for Business and Industrial Statistics (ENBIS). Does, R.J.M.M. (2013) Vice President Projects, International Academy for Quality. Mast, J. de (2013) Associate Member, International Academy for Quality. 67

70 Mast, J. de (2013) Senior Member, American Society for Quality (ASQ). Relevant position Does, R.J.M.M. (2013). Supervisor MSc thesis of David Veen. Does, R.J.M.M. (2013). Referee for: Technometrics, Quality and Reliability Engineering International, Journal of Quality Technology, International Journal of Six Sigma and Competitive Advantage, International Journal of Lean Six Sigma, International Journal of Production Research. Mast, J. de (2013). Referee for: Advances in Data Analysis and Classification, Proceedings of the Institution of Mechanical Engineers, Journal of Risk and Reliability, Quality Technology and Quantitative Management. Mast, J. de (2013). Visiting Professor, Boğaziçi University, Istanbul. Mast, J. de (2013). Second supervisor MSc thesis of David Veen. 68

71 9. MINT - MACRO AND INTERNATIONAL ECONOMICS Programme director: Prof. dr. F.J.G.M. Klaassen METIS-code: uva/feb/ase/mint JEL-classification: E, F, H Starting date: 2001 Website: VSNU-scores : Quality: 4, Productivity: 4, Relevance: 5, Viability: MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Total Total Total Total Name Title Function Funding Beetsma, R. prof. dr. hgl 0,50 0,50 0,50 0,25 1 Beetsma, R. prof dr hgl ,25 3 Bonthuis, B. msc phd - - 0,23 0,47 3 Bonthuis, B. msc guest ,00 1 Buiter, W. prof. dr. guest 0, Bucciol, A. dr. postdoc 0,42 0, Ceyhan, P. drs. guest 0,00 0, Chan, S. msc phd ,27 1 Chen, D. msc phd - - 0,27 0,80 3 Ewijk, C. van prof. dr. hgl 0,00 0,11 0,11 0,14 1 Giuliodori, M. dr. uhd 0,50 0,50 0,50-1 Giuliodori, M. prof. dr. hgl ,50 1 Gornicka, L. msc phd - - 0,27 0,80 2 Haan, W.J. den prof. dr. hgl 0,80 0,47 0,00-2 Hanson, J. msc guest ,00 1 Hoogduin, L. prof. dr. hgl 0,05 0,05 0,00 0,00 1 Jager, H. prof. dr. hgl 0,13 0,18 0,18-1 Jager, H. prof. dr. guest ,00 1 Klaassen, F.J.G.M. dr. uhd 0,50 0, Klaassen, F.J.G.M. prof. dr. hgl - - 0,50 0,50 1 Knaap, T. dr. guest 0,00 0, Kirchner, M. msc phd 0,60 0, Kriwoluzky, D. dr. postdoc 0, Kwaak, C. van der msc phd - - 0,27-1 Kwaak, C. van der msc phd ,80 2 Leefmans, N. drs. docent 0,00 0,00 0,00 0,00 1 Lekniute, Z. msc guest - - 0,00 0,00 1 Lorié, J.A. dr. guest 0,00 0,00 0,00 0,00 1 Lozej, M. msc phd 0, Maurik, R. van msc phd ,27 3 Mavromatis, K. dr. ud - - 0,21 0,50 1 Micevska Scharf, M. dr. postdoc ,77 2 Omeno Sanchez, A.I. dr. postdoc 0,42 0,80 0,33-2 Pinter, J. msc guest ,

72 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Ploeg, F. van der prof. dr. guest 0, Ribeiro-Poplawski, M. dr. guest Romp, W.E. dr. postdoc 0,80 0,68 0,27-3 Romp, W.E. dr. ud - - 0,13-3 Romp, W.E. dr. ud - - 0,10 0,50 1 Rusinova, D. msc phd Schabert, A. dr. guest 0, Sedlácek, P. msc phd 0,60 0, Sedlácek, P. dr. postdoc - 0,27 0,58-3 Singh, S. msc phd ,27 1 Sterk, V. drs. phd 0,00 0, Stoltenberg, C.A. dr. ud 0,50 0,50 0,50 0,50 1 Teulings, C.N. prof dr hgl 0,10 0,10 0,10 0,10 1 Teulings, R. msc phd ,13 1 Veestraeten, D. dr. ud 0,25 0,18 0,00 0,08 1 Vermeylen, K. dr. ud - - 0,00 0,00 1 Vos, S.J. drs. guest 0,60 0,45 0,00 0,00 1 Westerhout, E. dr. guest - - 0,00-1 Westerhout, E. dr. ud ,08 1 Wijnbergen, S.J.G. prof dr hgl 0,11 0, Wijnbergen, S.J.G. prof dr hgl 0,32 0,35 0,45 0,49 1 Willems, T. drs. phd 0,60 0,60 0,47-1 Wind, J. de drs. phd 0,00 0,00 0,00-1 Zaheer, S. drs. guest 0,00 0,00 0,00 0,00 1 Zhao, L. msc. phd - - 0,27 0,80 3 Total 1st flow of funds 4,15 3,97 3,89 4,31 Total 2nd flow of funds 3,08 1,67 0,60 2,37 Total 3rd flow of funds 1,93 1,65 1,75 2,59 Total 1st f.o.f. excl. Ph.D.'s 2,95 2,97 3,15 3,64 Total 1st-3rd flow of funds 9,16 7,29 6,24 9,27 Ph.D. students 3,00 1,85 1,78 4, PROGRAMME DESIGN Objective The programme uses empirical and theoretical methods to analyse important economic issues in the areas of macroeconomics and international economics. Special emphasis is given to the evaluation of existing fiscal and monetary policies and the question how these policies can be improved upon. Dissemination of the results takes place mainly via international, refereed scientific journals, but also via more policy-oriented outlets. Motivation The economic growth that a country experiences not only has direct effects on the available resources, it can also have important indirect effects through, for example, the stability of the social and political environment. Similarly, the business cycle fluctuations countries face can have far-reaching consequences to many, especially if these fluctuations mainly fall on subgroups within the population. It is therefore crucial to thoroughly understand the characteristics of economic developments, the 70

73 factors that are behind them, and to what extent and how governments can affect these developments. The current international sovereign debt crisis and discussions on the sustainability of pension systems exemplify this. Themes Major international economic developments and policy debates generate a constant stream of research ideas for our group. The resulting projects are often intertwined, but we choose to categorize them into the following (interrelated) themes. Only a selection of all projects will be discussed. Monetary economics and policy Monetary policy is used throughout the world to accomplish important macroeconomic objectives such as price stability, exchange rate stability, and/or full employment. In one project Christian Stoltenberg has studied monetary policy in the United States. Since the mid-1980s the interest-rate policy of the Federal Reserve System has been more aggressive in fighting inflation than in the past. He explains this with a decreasing role of cash in transactions. Konstantinos Mavromatis has investigated how one country should react when monetary policy of another country changes. Indeed, a time-invariant interest rate rule is suboptimal for the home central bank because of international spill-overs. Fiscal policy and sovereign debt Fiscal policy is a crucial aspect of macroeconomics. Given that government expenditures are a substantial fraction of GDP, they play an important role in welfare redistribution, and financing these expenditures through debt and taxes is likely to have important effects on, for example, financial markets, labour force participation, and investment. Christiaan van der Kwaak and Sweder van Wijnbergen study fiscal policy and in particular the intermingling of financial crises and sovereign default risk. The current eurozone crisis shows the interconnection between problems in the financial sector, which can start a recession, and fiscal problems, which are exacerbated by a recession and may complicate financial bail outs necessary to resolve the initial financial sector problems. Roel Beetsma and Massimo Giuliodori show that new debt issues can cause an auction cycle in secondary-market debt, that is, an increase in debt yields in the run-up to an auction and a decrease in yields after the auction. Coen Teulings studies optimal fiscal policy in the aftermath of a financial crisis. Fiscal policy is a matter of timing: when to do the inevitable austerity when a crisis hits the economy. Financial fragility and macroeconomics This theme was also stimulated by the recent crises, showing the interaction between banking distress, fiscal policy to mitigate financial crisis, public debt, sovereign risk, international spill overs, and banking supervision. Regarding the latter, there is widespread agreement that banks need tighter supervision and control, but there is an equally widespread concern that implementing higher capital requirements will abort the recovery before it has even started. Yet we know very little about the macroeconomic effects of bank regulation. Lucyna Gornicka and Sweder van Wijnbergen examine how banks adjust to more stringent regulation and find that stronger requirements lead to less leverage. Lex Hoogduin, in his capacity as adviser to the International Monetary Fund (IMF), works on the relation between micro and macroprudential policies to maintain financial stability. Of particular interest is the macro part, which concerns the financial system as a whole instead of only individual institutions, because that part is empirically very relevant, yet seriously under researched. Foreign exchange market The foreign exchange market is the largest financial market in the world. Many countries have managed or fixed exchange rates, and these are our research focus. Speculative attacks on them can have serious economic and societal consequences. Franc Klaassen has improved the measurement of pressure in the foreign exchange market, that is, the pressure on a currency to depreciate, and how to estimate the effectiveness of monetary policy to ward off pressure. Konstantinos Mavromatis has examined the real appreciation of currencies of transition economies, with particular focus on the composition of capital inflows: the larger inward foreign direct investment relative to portfolio investment, the more productivity increases and the stronger the real appreciation. Dirk Veestraeten 71

74 has examined currency option pricing within a credible target zone arrangement, for which interest again is growing when looking at the recent experiences of Switzerland and China, for instance. The traditional approach of Garman and Kohlhagen substantially overestimates the price of currency options, which renders this type of insurance more expensive and may lead to lower hedging efforts. Pensions and macroeconomic developments Research projects of Roel Beetsma, Boele Bonthuis, Damiaan Chen, Casper van Ewijk, Ward Romp, Siert Jan Vos, and Ed Westerhout focus on the sustainability of pension systems and the consequences of changing them, and on the optimal design of pensions systems, as is heavily debated at present. For example, Roel Beetsma, Ward Romp and Siert Jan Vos have explored voluntary participation in pension arrangements. The benefit of participation is that risks can be shared with future generations. In a funded system buffers play a particularly interesting role, because compared to a system without buffer requirements, a system with buffers requires higher contributions when asset returns are low. Labour economics Coen Teulings has worked on an extension of his Econometrica paper. An implication of the model in that paper is that the return to seniority is higher in industries with a lot of firm-specific human capital. He derives this implication in his new paper and provides evidence on it. Maja Micevska Scharf and Casper van Ewijk have worked on the effects of Social Security Contributions (SSCs) on earnings, using large administrative panel data in France, Germany, the Netherlands and the UK that have never been used in a cross-country analysis. This is particularly relevant now that many countries have increased, or are considering increasing, SSCs to deal with large budget deficits. 9.3 PROGRAMME EVALUATION In 2013 MInt published 10 articles in international refereed journals and there are 9 of such publications forthcoming, one of them in Econometrica by Coen Teulings and co-authors. Macro Finance Risk, with Sweder van Wijnbergen as one of the directors, became the faculty s research focal area. This reflects the importance and topicality of his work, also witnessed by the fact that one of his papers on bank recapitalization was discussed in an ECB board meeting and cited in a speech by Benoît Coeuré, member of the Executive Board of the ECB. The students of the group have also done well. Sajjad Zaheer (supervised by Sweder van Wijbergen) graduated and went back to the State Bank of Pakistan, as Deputy Director. Lucyna Gornicka was awarded a research grant from the National Bank of Poland. Christiaan van der Kwaak received an NWO Research Talent grant for three years of research, being the only one of the FEB receiving it this round. Together with his supervisor Sweder van Wijnbergen he received the ESB Award 2013 for the best paper in the Economisch Statistische Berichten. The year 2013 experienced some changes in the composition of the group, which grew as a whole. Boele Bonthuis gave up his PhD position sponsored by MN and moved to the ECB and the Deutsche Bundesbank, where he will continue to work on his PhD thesis, which will be defended at MInt. Ron van Maurik took over the PhD position. Massimo Giuliodori was appointed as Director of Graduate Studies, a prestigious position at the Tinbergen Institute. Coen Teulings came back from CPB Netherlands Bureau of Economic Policy Analysis, where he had been director, and he is now parttime affiliated to MInt; the University of Cambridge is his main affiliation. Also Casper van Ewijk and Ed Westerhout, both from CPB, increased their positions at MInt, and Maja Micevska Scharf started her postdoc position funded by NWO and partners. Several new students started their PhD research: Stephanie Chan, Swapnil Singh and Rutger Teulings from the Tinbergen Institute MPhil programme, Jesper Hanson from the Ministry of Finance, and Julien Pinter under the EDEEM (European Doctorate in Economics Erasmus Mundus) Programme (partner: Paris 1 University). MInt members are in contact with external partners to attract additional funding to further strengthen the group. We continue to stimulate the coherence of the group by seminars, joint lunches, drinks, and other activities. 72

75 The visibility of the group and the interaction with the academic community have been further enhanced through joint papers, numerous external presentations, conference participations, and participation in networks such as Netspar (Casper van Ewijk as director and Roel Beetsma as chairman of the editorial board). We have a seminar series with renowned speakers, which is organised jointly with the VU University Amsterdam and funded by the Tinbergen Institute. The programme is being noticed by the outside world, for instance reflected by invitations for presentations, contributions to research volumes, referee activities, and discussions by ECB Board members. There are intensive contacts with policy institutions via visitorships and joint research papers (Bank of England, BIS, Deutsche Bundesbank, ECB, European Commission, Federal Reserve Bank of Minneapolis, IMF, OECD, World Bank, WTO, among others), via direct contacts with several Dutch ministers and members of parliament and via parliamentary hearings, joint positions (Maja Micevsk Scharf and Ed Westerhout are also affiliated to the CPB), consultancy work (ECB), seminars, teaching (by employees of the Dutch Central Bank), and memberships of several advisory committees for the Dutch government, such as the Wijffels committee on banking reform, the committee on doorsneesystematiek in the Dutch pension system, and the Social and Economic Council of the Netherlands (SER). There are also collaborations with the business sector, such as APG, Atradius, BNG Vermogensbeheer, Energie Beheer Nederland (EBN), MN, and Rabobank. And MInt takes part in public debates on issues such as health care, pension reform and reform of the banking sector. Particularly Roel Beetsma, Casper van Ewijk, Lex Hoogduin, Coen Teulings, and Sweder van Wijnbergen are frequently asked by radio and television channels to comment on such topics, and they regularly write for opinion pages of quality newspapers. Another sign of the societal relevance is that many undergraduate students take our courses and write their theses at MInt. Those students also offer ways to disseminate insights from research on key (inter)national events and debates to society. The 2009 QANU Research Review assessed the programme over the period (under its previous name The Transformation of Europe ). The results of this research visitation were: Quality 4, Productivity 4, Relevance 5, and Viability 4.5. All productivity indicators were found to be highly satisfactory, with the possible exception of student numbers which had declined somewhat, despite a high number of theses defended. We can now say that after the review period we have continued in line with our strong points, and our efforts to recruit students through the Tinbergen Institute as well as external funding have paid off. Strengths: Good and relevant productivity and good (inter)national reputation. Numerous contacts with policy makers, businesses, media, and so on. Solid funding base, not only because we serve many undergraduate students, but also because of our connections to the non-academic world. Coherent group. Good seminar series, jointly with the VU. Weaknesses: We experience severe competition in the job market, especially from financial and policy institutions. Because of good outside options, it is easy to lose good researchers and not always easy to convince excellent undergraduate students to pursue a PhD. Opportunities: We are trying to raise external funding so as to enlarge the group. Our expanding contacts with the financial industry generate opportunities in this regard. We have contacts with many BSc and MSc students and alumni, which creates opportunities for the research group, for example through their contacts at policy institutions and businesses. We wish to further exploit our international contacts. Threats: Financial distress at FEB and the resulting faculty reorganisation with vacancy stop have substantially increased the teaching load and administrative duties for MInt researchers for a number of years, including This is particularly relevant due to the number of undergraduate students that we serve. To avoid a negative impact on research output, this situation needs to be improved. 73

76 9.4 RESOURCES AND FUNDING To finance our conferences, traveling, seminars, visitors, and so on, we use first-stream resources from the government, funds from the ASE Research Institute, the Tinbergen Institute, and the following other resources. The successful cooperation between Roel Beetsma and MN, one of the largest pension administrators and pension wealth managers in the Netherlands has continued. The company sponsors the MN Chair in Pension Economics and two PhD students. Moreover, Casper van Ewijk has a grant from Netspar for their pension research. Casper van Ewijk uses a European (ORA) subsidy on social security contributions and wages (postdoc) and has obtained new Netspar funding. His own research time is also partly sponsored by Netspar. Sweder van Wijnbergen has grants for a PhD student from EBN, a Dutch holding company for national gas interests of the Dutch state, and the Duisenberg School of Finance. Christiaan van der Kwaak is funded by a three-years NWO Research Talent scholarship. Lucyna Gornicka has a research grant from the National Bank of Poland for In addition, one PhD student was financed by the Pakistan government, and one by Rabobank. 9.5 OUTPUT Key publications Beetsma, R.M.W.J. & Giuliodori, M. (2010). The Macroeconomic Costs and Benefits of the EMU and other Monetary Unions: An Overview of Recent Research, Journal of Economic Literature 48, Beetsma, R.M.W.J. & Giuliodori, M. (2011). The Effects of Government Spending Shocks: Review and Estimates for the EU. Economic Journal 121, F4-32. Covas, F. & Den Haan, W.J. (2011). The cyclical behavior of debt and equity finance. American Economic Review 101, Daniëls, T.R., Jager, H. & Klaassen, F.J.G.M. (2011). Currency Crises with the Threat of an Interest Rate Defence. Journal of International Economics 85, Klaassen, F.J.G.M. & Magnus, J.R. (2009). The Efficiency of Top Agents: An Analysis through Service Strategy in Tennis. Journal of Econometrics 148, Sterk, V. (2010). Credit Frictions and the Comovement between Durable and Non-durable Consumption. Journal of Monetary Economics 57, Stoltenberg, C.A. (2013). Policy Announcements and Welfare. Economic Journal 123, Forthcoming Bonenkamp, J. & Westerhout, E. (2014). Intergenerational risk sharing and endogenous labour supply within funded pension schemes. Economica. [B] Buhai, S., Portela, M.A., Teulings, C.N. & van Vuuren, A. (2014). Returns to tenure or seniority. Econometrica. [A] Buhai, S. & Teulings, C.N. (2014). Tenure Profiles and Efficient Separation in a Stochastic Productivity Model. Journal of Business Economics & Statistics. [A] Cai, X., Gautier, P.A., Teulings, C.N. & Watanabe, M. (2014). Collective versus decentralized wage bargaining and the efficient allocation of resources. Labour Economics. [B] Dalen, H.P. van & Micevska Scharf, M. (2014). Reproductive health aid: a delicate balancing act. In: Kulczycki, A. (ed.), Critical Issues in Reproductive Health, Dordrecht: Springer, [B] Ewijk, C. van (2014). The Promise of Occupational Pensions: Lessons from the Netherlands. Boao Review. Klaassen, F.J.G.M. & Magnus, J.R. (2014). Analyzing Wimbledon: The Power of Statistics, New York: Oxford University Press. [A] Teulings, C.N. & Zubanov, N. (2014). Is Economic Recovery a Myth? Robust Estimation of Impulse Responses. Journal of Applied Econometrics. [B] 74

77 Westerhout, E. (2014). Population ageing and health care expenditure growth, in: Hamblin, K, & Harper, S. (eds.), International Handbook on Ageing and Public Policy. London: Edward Elgar. [B] Publications in numbers Macro and International Economics ) Articles a) refereed A 1 B 6 Other 3 10 b) non-refereed 1 c) professional 11 d) popular 0 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 3 3) Proceedings 0 4) PhD theses 4 6) Working papers 30 Total 59 A Lepetyuk, V. & Stoltenberg, C.A. (2013). Policy Announcements and Welfare. Economic Journal 123, B Beetsma, R.M.W.J., Bluhm, B., Giuliodori, M. & Wierts, P.J. (2013). From budgetary forecasts to expost fiscal data: exploring the evolution of fiscal forecast errors in the EU. Contemporary Economic Policy 31, Beetsma, R.M.W.J., Giuliodori, M., de Jong, F. & Widijanto, D. (2013). Spread the News: the Impact of News on the European Sovereign Bond Markets during the Crisis. Journal of International Money and Finance 34, Beetsma, R.M.W.J., Giuliodori, M., Walschot, M. & Wierts, P.J. (2013). Fifty Years of Fiscal Planning and Implementation in the Netherlands. European Journal of Political Economy 31, Beetsma R.M.W.J., Romp, W.E. & Vos, S.J. (2013). Intergenerational risk sharing, pensions and endogenous labor supply in general equilibrium. Scandinavian Journal of Economics 115, Van Wijnbergen, S.J.G. & Willems, T. (2013). Imperfect information, lagged labour adjustment, and the Great Moderation. Oxford Economic Papers 65, Zaheer, S., Ongena, S. & van Wijnbergen, S.J.G. (2013). The transmission of monetary policy through conventional and Islamic banks. International Journal of Central Banking 9, Other Hertrich, M. & Veestraeten, D.J.M. (2013). Valuing stock options when prices are subject to a lower boundary: A correction. Journal of Futures Markets 33, Veestraeten, D.J.M. (2013). Erratum to An alternative approach to modelling relapse in cancer with an application to adenocarcinoma of the prostate [Mathematical Biosciences, 199 (2006) 38-54]. Mathematical Biosciences 241,

78 Veestraeten, D.J.M. (2013). Currency option pricing in a credible exchange rate target zone. Applied Financial Economics 23, Article in journal - non-refereed Folmer, K. & Westerhout, E. (2013). Naar een slimmer gebruik van eigen betalingen in de zorg. Tijdschrift voor Openbare Financiën 45, Article in journal professional Beetsma, R.M.W.J. & Chen, D. (2013). De verplichtstelling van de Nederlandse pensioenen. Economisch Statistische Berichten. Beetsma, R.M.W.J. & Hinloopen, J. (2013). De economische crisis in context. Tijdschrift voor het Economisch Onderwijs 6, 5-8. Boot, A. & Wijnbergen, S. van (2013). Bankieren op drijfzand. Economisch-Statistische Berichten, 98 (4674/4675), Boot, A. & Wijnbergen, S. van (2013). Bankiers hopen op overheid die 'penny wise and pound foolish' is. Me Judice : Economen in Debat, 2013(02-12). Ewijk, C. van, Van der Wiel, K. & Ter Weel, B. (2013, June). Beleidsanalyse op gevoel, Me Judice. Ewijk, C.van, Lukkezen, J. & Rojas-Romagosa, H. (2013, 28 November). Debt crises forewarned: Stochastics matter, VoxEU. Homar, T., van der Kwaak, C.G.F. & van Wijnbergen, S.J.G. (2013). Herkapitalisering banken schept ruimte voor stimulering, Economisch Statistische Berichten. Hoogduin, L. (2013, 17 July). Article about Dutch pensions, De Actuaris. Lorié, J.A. & Willebrands, D. (2013). Verdere afschrijving op Griekse staatsschuld onhoudbaar, Economisch Statistische Berichten, Teulings, C.N. en Lukkezen, J. (2013). Het pad naar begrotingsevenwicht, Economisch Statistische Berichten, 98 (4664/4665) Westerhout, E. (2013, 9 January), De valkuil van een hogere rekenrente, Me Judice. Article in magazine or newspaper popular scientific Beetsma, R.M.W.J. (2013, January). Laat obligatiehouders bank meebetalen, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, March). Beperk rechten werknemer na eerste ontslag, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, May). Staat moet hypotheken in VS van ING nu verkopen, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, May). Stimuleren binnenlandse vraag zal niet lukken, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, May). Pensioenplan jongeren onvoldoende doordacht, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, July). Provincies dreigen energiegelden te verspillen, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, July). Provincies dreigen energiegelden te verspillen, Friesch Dagblad. Beetsma, R.M.W.J. (2013, July). Plan van Witteveen leidt tot geldverspilling, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, August). Maak van nieuw hypotheekinstituut slechts tijdelijk medicijn en geen permanente kwaal, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, September). Kabinetsplannen te zeer op korte termijn gericht, Het Financieele Dagblad. Beetsma, R.M.W.J. (2013, November). Bij Nature en Science gaat voor niks de zon op, De Volkskrant. Beetsma, R.M.W.J., & Bouwens, J. (2013, October). Een onwelkome, maar noodzakelijke boodschap: banken nu dwingen tot herkapitaliseren, Het Financieele Dagblad. Beetsma, R.M.W.J., & Bouwens, J. (2013, October). Geen welvaart zonder industrie, De Volkskrant. Beetsma, R.M.W.J.& Bovenberg, A.L. (2013, November). Geef pensioenfondsen meer eigen verantwoordelijkheid bij vaststellen risicoprofiel, Het Financieele Dagblad. 76

79 Beetsma, R.M.W.J. & Gradus, R. (2013, January). Herstel eist krimp overheid, Het Financieele Dagblad. Beetsma, R.M.W.J. & Gradus, R. (2013, January). Krimp overheid enig recept langdurig herstel economie, Reformatorisch Dagblad. Beetsma, R.M.W.J. & Gradus, R. (2013, September). Debat loonmatiging is achterhaald, Nederlands Dagblad. Beetsma, R.M.W.J. & Salomon, M. (2013, June). Discussie Nederland belastingparadijs schiet tekort, Het Financieele Dagblad. Beetsma, R.M.W.J. & Van Wijnbergen, S.J.G. (2013, November). Pleidooi voor loonstijging slaat plank mis, Het Financieele Dagblad. Hoogduin, L. (2013, 8 January). Letter about Dutch pensions, Financieele Dagblad. Hoogduin, L. (2013, 4 November). Column on the Dutch pension system, Financieele Dagblad. Hoogduin, L. (2013, 29 November). Column Wakker worden, Financieele Dagblad. Hoogduin, L. & Snippe, J. (2013, 10 April). Article on Social Economic Council and Pensions, Financieele Dagblad. Hoogduin, L. & Snippe, J. (2013, 28 October). Comments on Nijman and Bovenberg on pensions, Financieele Dagblad. Hoogduin, L. & Snippe, J. (2013, 18 November). Article on DC pensions, Financieele Dagblad. Teulings, C.N. (2013, 4 September). China slaagt in Afrika waar Europa faalde, NRC Handelsblad. Teulings, C.N. (2013, 18 September). Hoge huizenprijzen zijn net staatsschuld, NRC Handelsblad. Teulings, C.N. (2013, 2 October). Merkel is een succes voor Europa, NRC Handelsblad. Teulings, C.N. (2013, 16 October). Voorspoed in Parabella, NRC Handelsblad. Teulings, C.N. (2013, 30 October). Het verkeerde compromis, NRC Handelsblad. Teulings, C.N. (2013, 13 November). Wat bezielt de ECB, NRC Handelsblad. Book / book chapter non-refereed Ewijk, C. van, Van der Horst, A. & Besseling, P. (2013). Toekomst voor de Zorg. The Hague, CPB. Mishkin F., Giuliodori, M. & Matthews, K. (2013). The Economics of Money, Banking and Financial Markets. European Edition (First Edition), Pearson Education. Book / book chapter professional Hoogduin, L. (2013). Over optimale begrotingsnormen. In: Jaarboek 2013, KVS Koninklijke Vereniging voor de Staathuishoudkunde (pp ). Report professional Ewijk, C. van, Besseling, P. & Van der Horst, A.(2013). The future of health care. CPB Policy Brief 2013 (03). The Hague: CPB. Ewijk, C. van, Lukkezen, J. & Rojas-Romagosa, H. (2013). Early-warning indicators for debt sustainability. CPB Policy Brief 2013 (8). The Hague: CPB. Lorié, J.A., Kastelein, M. & Zeilstra, A. (2013). Oil Market Outlook, Amsterdam: Atradius Economic Research. Working- and discussion papers Beetsma, R.M.W.J, Cukierman, A. & Giuliodori, M. (2013). The Political Economy of Redistribution in the US in the Aftermath of World War II and the Delayed Impacts of the Great Depression - Evidence and Theory. Amsterdam, University of Amsterdam. Beetsma, R.M.W.J., Giuliodori, M., de Jong, F. & Widijanto, D. (2013). The Impact of News and the SMP on Realized (Co)Variances in the Eurozone Sovereign Debt Market. Amsterdam, University of Amsterdam. Beetsma, R.M.W.J., Giuliodori, M., de Jong, F. & Widijanto, D. (2013). Price Effects of Sovereign Debt Auctions in the Euro-zone: The Role of the Crisis. CEPR Discussion Paper, No

80 Beetsma, R.M.W.J., Giuliodori, M. & Sakalaukaite, I. (2013). Long-Term Interest Rates and Public Debt Maturity. CESifo Working Paper, No Beetsma, R.M.W.J. & Mavromatis K. (2013). An Analysis of Eurobonds. Amsterdam, University of Amsterdam. Beetsma, R.M.W.J. & Romp, W.E. (2013). Participation Constraints in Pension Systems. CEPR Discussion Paper, No Bonthuis, B., Jarvis, V. & Vanhala, J. (2013). What s Going on Behind the Euro Area Beveridge Curve(s)? European Central Bank, ECB Working Paper Series, No Gautier, P.A. & Teulings, C.N. (2013). Sorting and the output loss due to search frictions. Amsterdam, University of Amsterdam. Geffen, S. van & Giuliodori, M. (2013). From Sovereign to Corporate Lending Spreads: An Empirical Analysis Based on Syndicated Loans in the Eurozone. Amsterdam, University of Amsterdam. Lukkezen, J. & Teulings, C.N. (2013). Optimal fiscal policy. Amsterdam, University of Amsterdam. Kwaak, C.G.F. van der & Van Wijnbergen, S.J.G. (2013). Long Term Government Debt, Financial Fragility, and Sovereign Default Risk. Tinbergen Institute Discussion Paper /VI/DSF 55. Mavromatis, K. (2013). Markov Switching Monetary Policy in a two-country DSGE Model. Amsterdam, University of Amsterdam. Mehlkopf, R., Bonenkamp, J., van Ewijk, C., ter Rele, H. & Westerhout, E. (2013). Impliciete en expliciete leeftijdsdifferentiatie in pensioencontracten. Netspar Design paper 13. Osinski, J., Seal, K. & Hoogduin, L. (2013). Macroprudential and Microprudential Policies: Toward Cohabitation. IMF Staff Discussion Note, SDN 13/05. Romp, W.E. (2013). Procyclicality of Pension Fund Regulation and Behaviour. Netspar Discussion Paper DP 11/ Stoltenberg, C.A. & Kriwoluzky, A. (2013). Monetary Policy and the Transaction Role of Money in the United States. Amsterdam, University of Amsterdam. Stoltenberg, C.A. & Kriwoluzky, A. (2013). Nested Models and Model Uncertainty. Amsterdam, University of Amsterdam. Stoltenberg, C.A. & Lepetyuk, V. (2013). Reconciling Consumption Inequality with Income Inequality. Amsterdam, University of Amsterdam. Taylor, M.P., Boero, G. & Mavromatis, K. (2013). Real Exchange Rates and Transition Economies. Amsterdam, University of Amsterdam. Veestraeten, D. (2013). A recursion formula for the moments of the first-passage time of the Ornstein- Uhlenbeck process. Amsterdam, University of Amsterdam. Veestraeten, D. (2013). On the multiplicity of option prices under CEV with positive elasticity of variance. Amsterdam, University of Amsterdam. Veestraeten, D. (2013). Moments, time-depending rebates and the put-call parity for barrier options. Amsterdam, University of Amsterdam. Veestraeten, D. (2013). On transition and first hitting time densities of the Ornstein-Uhlenbeck process. Amsterdam, University of Amsterdam. Vermeylen, K. (2013). The Consumption Discount Rate for the Distant Future (If We Do Not Die Out). Tinbergen Institute Discussion Paper /VI. Vermeylen, K. (2013). Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting. Tinbergen Institute Discussion Paper /VI. Vermeylen, K. (2013). The Methodology of Modern Macroeconomics and the Descriptive Approach to Discounting: a Thought Experiment. Tinbergen Institute Discussion Paper /VI. Vermeylen, K. & van Arkel, R. (2013). The Interest Rate and Capital Durability, and the Importance of Methodological Pluralism. Tinbergen Institute Discussion Paper /VI. Westerhout, E. & Folmer, K. (2013). Why it may hurt to be insured: the effects of capping coinsurance payments. CPB Discussion Paper 239. Wijnbergen, S.J.G. van & van der Kwaak, C.G.F. (2013). Financial Fragility, Sovereign Default Risk and the Limits to Commercial bank Bailouts. Tinbergen Institute Discussion Paper /IV/DSF 65. Wijnbergen, S.J.G. van & Zhao, L. (2013). A Real Option Perspective on Valuing Gas Fields. Amsterdam, TI discussion paper, # /VI/DSF60. 78

81 UvA Dissertation internally prepared Velzing, E.J. (2013, 21 November). Innovatiepolitiek: Een Reconstructie van het Innovatiebeleid van het Ministerie van Economische Zaken van 1976 tot en met [Promotor: prof. dr. D. Jacobs] UvA dissertation externally prepared Freiherr von Mahlzahn, C.-F. (2013, 12 June). Dutch Identity in Fashion: Co-Evolution between Brands and Consumers. [Promotor: Prof. dr. D. Jacobs, Co-Promotor: Prof. dr. A. Smelik] Schouwstra, M.C. (2013, 26 April). Evaluating and Improving International Assistance Programmes: Examples from Mongolia s Transition Experience. [Promotor: Prof. dr. M.J. Ellman] Zaheer, S. (2013, 4 October). Financial Intermediation and Monetary Transmission Through Conventional and Islamic Channels. [Promotor: Prof dr. S.J.G. van Wijnbergen] Conference organiser Ewijk, C. van (2013). Organizer of the conference on Pensions in Europe, Netspar/Bruegel, Brussels, Belgium. Stoltenberg, C.A. (2013). Organizer of the Tinbergen Macro Seminar Series. Recognition Beetsma, R.M.W.J. (2013). MN Chair in Pension Economics (total grant 900,000 Euro for a five-year period), sponsored by MN Services. Stoltenberg, C.A. (2013). 2nd place Prof. dr. H.J. van der Schroeff prijs voor bijzondere Veestraeten, D.J.M. (2013). 3rd place Prof. dr. H.J. van der Schroeff prijs voor bijzondere onderwijsprestaties (Best Teacher s award). Wijnbergen, S.J.G. van & van der Kwaak, C.G.F. (2013): NWO MAGW Research talent (nr , 3 year full time employment expenses, as well as smaller expenses for conferences etc. up to 10,000 Euro) for PhD project titled Alternative Fiscal and Monetary Policies under Financial Fragility and Sovereign Default Risk in Currency Union (eurozone). Media appearance Beetsma, R.M.W.J. (2013, 31 January). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 18 February). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 28 February). Omroep MAX. Beetsma, R.M.W.J. (2013, 18 March). Omrop Fryslan. Beetsma, R.M.W.J. (2013, 15 May). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 3 June). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 5 June). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 14 June). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 20 June). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 24 June). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 8 July). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 24 July). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 23 August). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 9 September). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 30 September). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 4 November). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 7 November). BNR Nieuwsradio. Beetsma, R.M.W.J. (2013, 14 November). BNR Nieuwsradio. Ewijk, C. van (2013, 21 March). Interview on health care, BNR News radio. Ewijk, C. van (2013). Interview on pensions, Me Judice. Ewijk, C. van (2013). Interview on health care, Me Judice. 79

82 Hoogduin, L. (2013, 4 January). Interview on costs of state support to banks. Radio 1. Hoogduin, L. (2013, 4 January). De Kijker aan zet. RTLZ. Hoogduin, L. (2013, 7 January). Interview on the loosening of Basle 3. Radio 1. Hoogduin, L. (2013, 2 February). Guest at Tros in bedrijf, Radio 1. Hoogduin, L. (2013, 19 March). Interview about Cyprus, RTLZ. Hoogduin, L. (2013, 23 March). Interview about Cyprus in Nieuwsuur, Nederland 1. Hoogduin, L. (2013, 31 March). Guest at Tros in bedrijf, Radio 1. Hoogduin, L. (2013, 31 March). Guest at BNR Duurzaam, BNR Radio. Hoogduin, L. (2013, 2 May). Interview about ECB Policies, Radio 1. Hoogduin, L. (2013, 2 May). Interview about ECB Policies in Nieuwsuur, Nederland 1. Hoogduin, L. (2013, 18 May). Interview about Dutch economic policies, De Limburger. Hoogduin, L. (2013, 16 June). Guest at Bureau Buitenland VPRO about the ECB, Radio 1. Hoogduin, L. (2013, 22 June). Interview in series lieu de memoire, Financieele Dagblad. Hoogduin, L. (2013, 4 July). Guest at Goedemorgen Nederland KRO, Radio 1. Hoogduin, L. (2013, 30 July). Member panel Klinkende Munt VPRO, Radio 1. Hoogduin, L. (2013, 8 August). Interview Nieuwsuur about economic recovery, Nederland 1. Hoogduin, L. (2013, 9 August). Interview in Hoe?Zo!, NTR Radio. Hoogduin, L. (2013, 10 August). Guest at Tros Radio 1, Radio 1. Hoogduin, L. (2013, 14 August). Interview at Goedemorgen Nederland KRO about latest data Dutch economy, Radio 1. Hoogduin, L. (2013, 19 August). Interview about conference Jackson Hole, RTLZ. Hoogduin, L. (2013, 23 August). Interview about ABN Amro, RTLZ. Hoogduin, L. (2013, 27 August), Interview about LexTV, Radio 1. Hoogduin, L. (2013, 28 August). Interview about kabinetsvisie banken, Financiele Telegraaf. Hoogduin, L. (2013, 7 September). Debate on austerity with Bas Jacobs, Telegraaf. Hoogduin, L. (2013, 13 September). Guest at Friday on the Move, BNR Radio. Hoogduin, L. (2013, 13 September). Interview on the Dutch economy, Swiss Radio. Hoogduin, L. (2013, 14 September). Interview five years after Lehman, Radio 1. Hoogduin, L. (2013, 16 September). Interview on the Dutch budget and forecasts, Radio 1. Hoogduin, L. (2013, 28 September). Guest at Tros in Bedrijf, Radio 1. Hoogduin, L. (2013, 14 October). Comments on Autumn Agreement on the Dutch budget, RTLZ. Hoogduin, L. (2013, 23 November). Guest at Tros in Bedrijf, Radio 1. Hoogduin, L. (2013, 24 December). Guest with Paul van Liempt, BNR Radio. Hoogduin, L. (2013, 28 December). Guest at Tros in Bedrijf, Radio 1. Klaassen, F.J.G.M. (2013, 9 July). Radio 1 WNL. Romp, W.E. (2013, 8 October). Boze 60-plusser stop met klagen?!, debate in The Rode Hoed with report in De Volkskrant, 9 October 2013, comments by Frits Abrahams in NRC Handelsblad, 10 October Editorship Beetsma, R.M.W.J. (2013). Chairman Editorial Board Netspar. Beetsma, R.M.W.J. (2013). Associate Editor, De Economist. Beetsma, R.M.W.J. (2013). Associate Editor, CESifo Economic Studies. Ewijk, C. van (2013). Editor De Economist. Hoogduin, L. (2013). Associate editor The Journal of Financial Market Infrastructures. Keynote/invited talk Hoogduin, L. (2013, 4 October). The Value of Banks after the Great Financial Expansion. SUERF Annual Lecture. Duisenberg School of Finance, Amsterdam. Teulings, C.N. (2013, 10 October). Employment and macro policy in the aftermath of the crisis. IZA conference, Brussels. 80

83 Other lectures Beetsma, R.M.W.J. (2013, 13 March). The Dutch Experience with Independent Forecasting and National Fiscal Rules. IMF Workshop The Functions and Impact of Fiscal Councils, Paris. Beetsma, R.M.W.J. (2013, 10 September). Discussion of Below the Line: Subnational Debt and Subnational Debt Crises. French Ministry of Economy and Finance/IMF Workshop Designing a European Fiscal Union: Lessons from the Experience of Fiscal Federations, Paris. Beetsma, R.M.W.J. (2013, 4 November). Mandatory Participation in Occupational Pension Schemes in the Netherlands and other Countries. MN Chair meeting, University of Amsterdam. Beetsma, R.M.W.J. (2013, 19 November). Price effects of sovereign debt auctions in the Eurozone: the role of the crisis. Tilburg University. Beetsma, R.M.W.J. (2013, 29 November). Discussion of Spillovers of Fiscal Shocks in the Euro Area (by Canova, Ciccarelli, Dallari). CEPR/ECB Conference Heterogeneity in Currency Areas and Macroeconomic Policies, Frankfurt. Beetsma, R.M.W.J. (2013, 6 December). Mandatory and Voluntary Participation in Occupational Pension Schemes in the Netherlands and Other Countries. Netspar Conference Pensions in Europe, Brussels. Ewijk, C. van (2013, 7 February). Toekomst voor de zorg in viervoud, RVZ meeting, Utrecht. Ewijk, C. van (2013, 17 June). Funded pensions and economic growth. Netspar International Pension Workshop, Goethe Universität, Frankfurt. Ewijk, C. van (2013, 5 September). Stuurzame zorg: tussen solidariteit en keuzevrijheid. Senecameeting, Tegelen. Ewijk, C. van (2013, 26 September). Future of Occupational Pension Plans: Lessons from the Netherlands (and Europe). China Pension Forum, Renmin University, Beijing. Ewijk, C. van (2013, 8 October). Early-warning indicators for debt sustainability. Bruegel, Brussels. Ewijk, C. van (2013, 6 December). Long-term investment by pension funds. Pensions in Europe, Netspar/Bruegel, Brussels. Giuliodori, M. (2013, May). Price Effects of Sovereign Debt Auctions in the Eurozone: The Role of the Crisis. 17 th International Conference in Macroeconomic Analysis and International Finance, Crete. Klaassen, F.J.G.M. (2013, 15 February). MInt Research Group overview and presentation on exchange market pressure. Economics Seminar, Tinbergen Institute. Klaassen, F.J.G.M. (2013, 14 June). 19 Years of analyzing Wimbledon. Workshop, Tilburg University. Kwaak, C.G.F. van der (2013). The Effect of the Maturity of Government Debt on Financial Fragility in the Presence of Sovereign Default Risk. Conference on The Role of Financial Intermediaries in Monetary Policy Transmission, DNB and the European Banking Center (Tilburg University). Leefmans, N.J. (2013, November). Measuring inequality of opportunities in Tanzania. University of Amsterdam. Lorié, J.A. (2013, April). Global Economic Forecast and Risk Outlook. Today's Continually Challenging Environment, Symposium in Europe, Amsterdam. Stoltenberg, C.A. (2013, 25 September). Monetary Policy and the Transaction Role of Money in the United States. Lunchtime seminar, European Central Bank. Vermeylen, K. (2013, 2 October). Non-Marginal Cost-Benefit Analysis and the Tyranny of Discounting. International Workshop on Natural Resources, Environment, Urban Economics, International Trade and Industrial Organization, Saint-Petersburg. Westerhout, E. (2013, 8 October). Indexation of sovereign debt and the stabilization of the public finances under fiscal constraints. Netspar Pension Day, Utrecht. Westerhout, E. (2013, 6 December). The welfare gains from flexible pension fund policies. Netspar Final Theme Conference, Brussels. Membership academies Beetsma, R.M.W.J. (2013). Research Fellow CEPR. Beetsma, R.M.W.J. (2013). Research Fellow CESifo. 81

84 Beetsma, R.M.W.J. (2013). Fellow Tinbergen Institute. Beetsma, R.M.W.J. (2013). International Research Fellow of Kiel Institute of World Economics. Beetsma, R.M.W.J. (2013). Senior Research Fellow of Netspar. Beetsma, R.M.W.J. (2013). Member of Supervisory Board of BNG Vermogensbeheer. Beetsma, R.M.W.J. (2013). Member of the one-tier Board of the Sophia Stichting. Beetsma, R.M.W.J. (2013). Member of Ph.D. committee of Caicai Du, Maastricht University. Ewijk, C. van (2013, 3 June). Promotor, Bonenkamp, J.: Risk, redistribution and retirement: the role of pension schemes, Tilburg University. Ewijk, C. van (2013). Member advisory board Dutch Health Authority (Nederlandse Zorg Autoriteit, Nza). Ewijk, C. van (2013). Member Social Economic Council (plv. kroonlid SER). Ewijk, C. van (2013). Steering committee, ENEPRI (European Network of Economic Policy Research Institutes). Ewijk, C. van (2013). Member Advisorary Commissie Ulitmate Forward Rate (UFR), Ministry of Social Affairs. Giuliodori, M. (2013). Fellow Tinbergen Institute. Klaassen, F.J.G.M. (2013). Fellow Tinbergen Institute. Romp, W.E. (2013). Research fellow Netspar. Romp, W.E. (2013). Fellow Tinbergen Institute. Relevant position Beetsma, R.M.W.J. (2013, 30 October). Meeting with Article IV delegation of the IMF. Beetsma, R.M.W.J. (2013). Referee for: Journal of Internal Economics, Journal of International Money and Finance, Economics Letters, European Journal of Political Economy, Journal of Population Economics, Scandinavian Economics. Giuliodori, M. (2013). Referee for: Journal of the European Economic Association, International Journal of Central Banking, Journal of International Money and Finance, Economic Journal. Klaassen, F.J.G.M. (2013). Referee for: Journal of Quantitative Analysis of Sports, Journal of Money, Credit, and Banking, De Economist, Journal of International Money and Finance. Micevska Scharf, M. (2013). Referee for: Eastern European Economics, IZA Journal of European Labor Studies, World Development. Romp, W.E. (2013). Referee for: Journal of Pension Economics and Finance, International Tax and Public Finance, TPEdigitaal. Stoltenberg, C.A. (2013). Referee for: Econometrica, Economic Journal. Vermeylen, K. (2013). Referee for: Brussels Economic Review, Palgrave Macmillan. 82

85 10. HUMAN CAPITAL Subprogrammes: TIER & AIID Programme director: Prof. dr. E. Plug METIS code: uva/feb/ase/hum JEL-classification: I, J, L Starting date: 2001 Website: VSNU-scores : Quality: 4.5, Productivity: 4, Relevance: 5, Viability: 4, MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Total Total Total Total Name Title Function Funding Buser, T. msc phd 0,60 0,60 0,53-1 Buser, T. dr. oz - - 0,27 0,47 1 Chevalier, A. dr. guest 0, Dominguez Martinez, S dr. ud 0,50 0, Drange, N.E. msc guest 0,00 0, Geijtenbeek, L. msc phd - - 0,22 0,67 1 Hartog, J. prof. dr. guest 0,50 0,25 0,00 0,00 1 Hoogendoorn, S. msc phd - 0, Hsieh, C. dr. ud 0,48 0, Kastoryano, S.P. msc phd 0,30 0,30 0,53-1 Kastoryano, S.P. dr. guest - - 0,00-1 Ketel, N. msc phd - 0,10 0,80 0,27 1 Mazza, J. msc phd 0,60 0, Mazza, J. msc guest - 0,00 0,00-1 Oosterbeek, H. prof. dr. hgl 0,50 0,50 0,56 0,68 1 Peter, N. msc phd - 0,60 0,60 0,42 1 Plug, E.J.S. dr. hgl 0, Plug, E.J.S. dr. hgl 0,67 0,80 0,65 0,65 1 Praag, B.M.S. van prof. dr. guest 0,00 0,00 0,00 0,00 1 Praag, C.M. van prof. dr. hgl 0,25 0, Rosendahl Huber msc phd 0,20 0, Rosero Moncayo, J.A. msc phd 0,60 0,60 0,53-1 Rosero Moncayo, J.A. dr. guest - - 0,00 0,00 1 Siemens, F.A von dr. ud 0,50 0, Sloof, R. prof. dr. hgl 0,50 0, Sol, J. dr. ud - 0, Sol, J. dr. ud - 0, Stel, A.J. van dr. oz 0, Welie, E.A.A.M. van dr. guest 0,00 0,00 0,00 0,00 1 Ziegler, L. msc phd ,

86 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Subprogramme TIER Balvers, M.P.J.M. MSc guest 0, Booij, A.S. dr oz ,12 1 Booij, A.S. dr oz 1,00 0,80 0,80 0,70 2 Coonen, M.H.E. guest 0, Ewijk, R.J.G. dr postdoc 0, Groot, W. prof dr guest 0,00 0, Haan, M. de msc phd 0,80 0,80 0,53-2 Heerden, A. van MSc oz 0,00 0, Hidalgo, D. drs phd 0,60 0,38 0,80 0,78 2 Huang, J. msc oz 0, Huang, J. msc guest 0,00 0,00 0,00-2 Linde, J. dr oz - 0,17 0,80 0,63 2 Klaveren, C.P.B.J. van drs guest Maassen van den Brink, H. prof dr hgl 0,53 0,53 0,53 0,53 2 Ruijs, N. msc phd - 0,60 0,40 0,74 2 Schoot, D. van der msc guest - 0, Webbink, D. dr guest 0,00 0, Witte, K. de dr guest 0,00 0, Wolf, I.F. de dr guest 0,00 0, Subprogramme AIID Gaag, J. van der prof dr hgl 0,80 0,37 0,40 0,05 3 Gaag, J. van der prof dr guest ,00 1 Lammers, J. dr oz 1, Pradhan, M.P. prof dr hgl 0,15 0,15 0,15 0,19 1 Total 1st flow of funds 5,55 7,13 4,84 3,60 Total 2nd flow of funds 3,34 2,78 3,86 3,38 Total 3rd flow of funds 3,72 1,69 0,40 0,05 Total 1st f.o.f. excl. Ph.D.'s 4,05 4,33 1,63 2,11 Total all flows of funds 12,61 11,60 9,10 7,03 Ph.D. students 3,70 5,28 4,94 3, PROGRAMME DESIGN Objective The programme is an empirically driven research programme which relies on microeconometric techniques to study important microeconomic issues in the areas of labour economics, economics of education, family economics, health economics and development economics. Particular emphasis is paid to the identification of causal mechanisms, the analysis of existing policies and policy changes on a variety of microeconomic outcomes, and the design and implementation of experiments to carefully to test predictions of microeconomic/behavioral theories and regularities evaluate policy interventions and their microeconomic consequences. Motivation Microeconomic models play an important role in understanding individual behavior in many economic areas; that is, predictions taken from microeconomic theories are often used to explain and understand individual economic circumstances, how differences between individuals can possibly account for differences in economic outcomes, and to what extent policies can influence individual 84

87 economic circumstances. But predictions are not easily verified and possibly false, with huge consequences for (the development of) microeconomic theory, policy and policy design. It is therefore crucial to test predictions of individual economic behavior with careful empirical work, using the most rigorous methods in applied microeconometrics. Themes Labour economics The Human Capital group is originally a labour orientated economics programme which investigates various aspects of labour economics, including the determinants of labour supply and demand, personnel economics, distribution of income, labour market policies, the intersection between labour markets and demographics. Over the years, however, the labour economics programme has expanded and today it is less clear what is exactly covered by labour economics and what is not. There is substantial overlap with the other themes in the Human Capital group. The labour economic topics that are currently addressed in the Human Capital group include the genetic and environmental origins of economic inequality (Erik Plug), tax evasion (Stephen Kastoryano), labour market returns to uncertainty and risk (Joop Hartog), immigrants and labour market outcomes (Joop Hartog), team composition and team performance (Hessel Oosterbeek), occupational segregation and sexual minorities (Erik Plug), the labour market of medical specialists (Nadine Ketel, Hessel Oosterbeek), fertility and labour supply (Erik Plug), the labour earnings of transgender workers (Lydia Geijtenbeek, Erik Plug), social networks and labour market outcomes (Erik Plug, Lennart Ziegler). Economics of Education The economics of education programme is the most active and prominent research area. In it, we study a variety of aspects of the intersection between economics and education: human capital formation, human capital returns, school choice, education and markets, inputs and education production, evaluations of education reforms. Recent educational topics analyzed in the Human Capital group include the long-term consequences of class size (Hessel Oosterbeek), the role of school size and school competition (Hessel Oosterbeek), peers and the education production function (Hessel Oosterbeek, Adam Booij), sunk costs and study effort (Nadine Ketel, Hessel Oosterbeek), returns to medical school (Nadine Ketel, Hessel Oosterbeek), matching primary school students to secondary schools (Hessel Oosterbeek, Nienke Ruijsch), the influence of previous test taking on current test scores (Jona Linde), information, overconfidence and student achievement (Adam Booij), immigrants in primary and secondary education (Liesbeth van Wely), the consequences of contextual shifts in math education (Diane Hidalgo and Ferry Haan), teacher quality and student achievement (Erik Plug), the effectiveness of excellent programmes in secondary education (Adam Booij, Ferry Haan and Erik Plug), the consequences of Montessorie education (Nienke Ruijsch), competitiveness and school choice (Thomas Buser, Hessel Oosterbeek), drop outs in lower secondary eduation (Henriette Maassen van den Brink), student compensation, school resources and student achievement (Hessel Oosterbeek, Noemi Peter), education and cancer risk (Erik Plug). Family economics The family economics programme covers empirical research on the economic behaviour of families, including labour supply and other related sources of time use, family formation and dissolution, fertility and child investment decisions, and intergenerational mobility of economic outcomes. The recent availability of large administrative data sources combined with family driven identification strategies (relying on twins, siblings and adoptees) has spurred family research considerably. Current examples include the nature and nurture of economic outcomes (Thomas Buser, Erik Plug), the origins of gender differences in education (Thomas Buser, Ferry Haan, Hessel Oosterbeek), gender roles in twins (Noemi Peter), time allocation within families (Henriette Maassen van den 85

88 Brink), the economics of sexual orientation (Thomas Buser, Lydia Geijtenbeek, Erik Plug), fertility, labour supply and marital stability (Erik Plug), parental investments and children (Thomas Buser, Hessel Oosterbeek, Erik Plug) and the heritability of cancer (Erik Plug). Development economics The development economics programme focuses on microeconomic issues in low income countries. In particular, the programme tries to uncover the micro-economic causes of poverty and to provide the means and tools to alleviate it. Recent issues addressed include the evaluation of a variety of school interventions on student outcomes including the allocation of free school uniforms, the introduction of child care centers (Diana Hidalgo, Hessel Oosterbeek), birth order effects on child schooling and child labour (Erik Plug), the consequences of a cash transfer programme change on a variety of child and adult outcomes (Thomas Buser, Hessel Oosterbeek and Erik Plug), the impact of public health spending (Menno Pradhan), utility and price dependence in equivalence scales (Menno Pradhan), the evaluation of a preschool intervention in Indonesia (Menno Pradhan), teacher pay and student performance (Menno Pradhan), targeting micro-credit to poor family enterprise (Diana Hidalgo and Hessel Oosterbeek). Organization As already mentioned, the Human Capital group is an applied microeconometrics group, covering various themes of research, with scope for individual research projects, internal and external joint work and cooperation and more formal cooperations. There are currently two more formally defined research groups. The education and labour economists in the Human Capital group were integrated into TIER (Top Institute for Evidence Based Education Research) in Henriette Maassen van den Brink, director of TIER Amsterdam, saw the successful blend of scientific quality with policy relevance recognized through a large grant from NWO. TIER is now funded by the Ministry of Education (and matching by participating universities), but the grant is fully administered by NWO. The Institute is joint with RU Groningen and RU Maastricht. Research focuses on the effectiveness of policy interventions in education. TIER resources expired at the end of 2012, but running TIER projects are still funded. TIER has ambitious goals: it wants to contribute to the improvement of the quality of education in the Netherlands by promoting the evidence based approach as a guiding principle in education policy and practice. It intends to accomplish this by developing (cost) effective education interventions that are grounded in scientific research and scientific insights. The research is funded through the NWO and must comply with the NWO formulated rules of evaluation. The aim of the institute is to conduct excellent scientific research, to operationalise the results of this research and to put the results at the disposal of education policy and practice. The institute wants to develop knowledge of evidence based education that can be applied by: 1) the Ministry of Education, Culture and Science, in policy preparation and evaluation; 2) the educational practice - such as teachers and educational institutions - in the allocation of means and when making educational choices; 3) parents and students, when choosing a school or training. TIER aims to be an element that binds research, practice and policy in the field of education. AIID (Amsterdam Institute for International Development) is a joint initiative of the University of Amsterdam and the VU University Amsterdam. AIID is a multidisciplinary research network with a strong focus on generating evidence to improve the design of policies to reduce poverty. Menno Pradhan and Jacques van der Gaag are AIID researchers who with their research on human capital and health and with impact evaluation of sector-wide programmes. 86

89 The two institutes, TIER and AIID, share the same ambition to perform research at the highest academic standards on issues with high societal relevance: education, labour, economic development of poor nations PROGRAMME EVALUATION The Human Capital group is a small-scale research programme. In 2013 the Human Capital group became even smaller. Jaques van der Gaag has turned 65 and retired. Thomas Buser and Jona Linde, both talented and successful postdocs at TIER, faced an expiring contract and left our group. Thomas Buser has taken up the position of assistant professor at Markets and Organization group at our department. Jona Linde works currently as a postdoc at the Political Science department at the Free University Amsterdam. Also two PhD students faced the end of their PhD terms and left the group to take up positions elsewhere; Liesbeth van Welie is currently a supervisory board member at University of Leiden, and Stephen Kastoryano has a tenured track position at University of Mannheim. We welcome one new Human Capital member; that is, Lennart Ziegler has joined us as a first year PhD student. Despite its small size, the group keeps on delivering high quality research; that is, 2013 has been an exceptionally good year in terms of scientific output. The Human Capital group has published 13 articles in international refereed journals and has 10 articles accepted for publication. Of the 11 published articles, 4 articles were published in A level journals. Of the 10 forthcoming articles, 4 of them will end up in A level journals. Highlights include the exceptional performance of Hessel Oosterbeek and Thomas Buser. This year Hessel Oosterbeek has two papers accepted in the Quarterly Journal of Economics, which is one of the most prestigious journals in economics with the highest article influence score among all economics journals. One paper, together with Peter Fredriksson and Bjorn Ockert, has been published. The other paper, together with Thomas Buser and Muriel Niederle, has been accepted. Having two accepted papers in an AA-level journal in the Tinbergen list is a very rare achievement, unique among Dutch economists. Also for Thomas Buser this is exceptional. There are only few PhD graduates with a thesis chapter published in a top-5 journal. Less exceptional, but nonetheless, very good performance comes from Erik Plug and Menno Pradhan. Erik Plug has fortcoming publications in the Journal of Labor Economics and Journal of Human Resources which are both esteemed field journals with a top-20 article influence score among all economics journals. Menno Pradhan has a publication in the American Economic Journal: Applied Economics, which is one of the most successful journals among the four field journals recently started by the Americam Economic Association. The Human Capital group provides a stimulating research environment. This environment is partially shaped through national and international connections, external seminar series, internal work-inprogress meetings, and international visitors. Human Capital members have close research contacts with researchers at ASE, Free University Amsterdam and Tinbergen Institute, work together with researchers from Europe and US, and are regularly invited to give seminars and (keynote) speeches throughout the world. Members of the Human Capital group organize a successful weekly seminar series at Tinbergen Institute. The seminar series is internationally renowned, and, in 2013, included presentations of Susan Dynarsky (Michigan), Petra Persson (Stanford) and Marco Manacorda (London LSE). Members of the Human Capital group (including senior researchers, PhD students and visitors) also come together weekly to discuss their work in various stages. The Human Capital group has been attractive to visiting professors, post-doc researchers and PhD students. In 2013 the Human Capital group has welcomed Luis Diaz-Serrano and Sandra Nieto. The Human Capital group attracts and delivers many PhD students. This year Lennart Ziegler has joined us. This year Stephen Kastoryano and Liebeth van Wely left us and are placed successfully elsewhere. Our PhD students are doing well in terms of performance and placements. Stephen Kastoryano is currently employed in tenured track position at the University of Mannheim, which 87

90 houses one of the best economics faculties in Germany. There are currently 8 PhD students working at the Human Capital group. Apart from scientific relevance, the work of Human Capital members addresses practical policy issues with societal relevance. In addition, most research is empirically orientated and can be formulated such that it is relatively easy to comprehend for policy makers. Members of the Human Capital group are in close contact with the Ministry of Education, Culture and Science and regularly come together to communicate their scientific work with insights and recommendations. Members are also frequently invited to consult on a variety of governmental policy issues. Henriette Maasen van den Brink is member of the higher education committee of the KNAW which focuses on trends and developments in higher education that are relevant for science and society. Henriette Maassen van den Brink also chairs the division of social sciences (MaGW) at the Dutch science foundation (NWO). In sum, the Human Capital group experienced a good year in terms of academic output. In addition, the large change in group composition has improved the internal coherency and visibility of the research programme; that is, the Human Capital research programme covers mainstream topics in applied microeconomics (including the economics of education, family and demographic economics, health economics, labor economics and development economics) with a strong focus on microeconometrics. But at the same time there are serious concerns about group size and structure. In particular, the large reduction in group size has lead to an unbalanced research group with only PhD students, postdocs and full professors; a viable and serious research programme requires at least one or two tenured assistant/associate professor positions. To maintain the high level of research in future years, our aim is to resolve the unbalancedness in staff. One way is to find additional funding. Resources to finance extra staff should come from internal and external sources. Internal funds come largely from teaching core courses, which are currently not allocated to the Human Capital group. External funds are uncertain. The Human Capital group therefore faces the challenge to raise extra funds through teaching core courses (such as for example statistics and/or econometrics) in bachelor curriculum or through targeted research grant applications. Another way is collaborate (more) with closely related research programmes. The Human Capital group will therefore intensify its collaboration with the labour economics group are Free University. This evaluation can be summarized in the following SWOT analysis: Strengths: high quality research addressing issues of societal relevance; stimulating research environment; good reputation; healthy inflow and outflow of PhD students; successful history in attracting external funds; internal coherent and visible research theme. Weaknesses: unbalanced research staff; largely dependent on external funding. Opportunities: to raise extra funds either through teaching core courses in bachelor curriculum or through research grant applications; seek closer collaboration with labour economics group at Free University Amsterdam. Threats: The Human Capital group has turned into small-scale and unbalanced research programme RESOURCES AND FUNDING TIER-research is funded through NWO and must comply with NWO formulated rules of evaluation. Over a period of 5 years ( ) TIER receives 5.3 million. All researchers at TIER are (in part) financed by TIER. Erik Plug has received a 3-year grant for research on gifted students in 88

91 secondary education by PROO-NWO. In this project one PhD student and one postdoc are partly financed. Two PhD students (Nadine Ketel and Lennart Ziegler) are co-financed by Free University Amsterdam (VU). Several visiting researchers participate in the programme, without financial compensation. AIID also receives substantial external funding OUTPUT Fredriksson, P., Öckert, B. & Oosterbeek, H. (2013). Long-term effects of class size. Quarterly Journal of Economics Hidalgo, D., Onofa, M., Oosterbeek, H. & Ponce, J. (2013). Can provision of free school uniforms harm attendance? Evidence from Ecuador. Journal of Development Economics 103. (2013) Hoogendoorn, S., Oosterbeek, H. & Van Praag, M. (2013). The impact of gender diversity on the performance of business teams: Evidence from a field experiment. Management Science Leuven, E., Oosterbeek, H. & De Wolf, I. (2013). The effects of medical school on health outcomes: Evidence from admission lotteries. Journal of Health Economics Pradhan, M., J. De Ree & R. Alessie. (2013) The price and utility dependence of equivalence scales: evidence from Indonesia" Journal of Public Economics 97, Forthcoming Buser T., M. Niederle & H. Oosterbeek. Gender, Competitiveness and career choices. Quarterly Journal of Economics. [A] Haan, M. de, E. Plug & J. Rosero. Birth order and human capital development: Evidence from Ecuador. Journal of Human Resources. [A] Janssens, W., T. R. de Wit, J. van der Gaag & Z. Tanovic. Refusal bias in the estimation of HIV prevalence. Demography. [B] Mazza, J., H. van Ophem and J. Hartog. Unobserved Heterogeneity and Risk in Wage Variance: Does More Schooling Reduce Earnings Risk?, Labour Economics. (published on line October ). [B] Oosterbeek, H. & Van Ewijk, R. (2014) Gender peer effects in university: Evidence from a randomized experiment. Economics of Education Review [B] Plug, E., D. Webbink & N. Martin. (2014) Sexual orientation, prejudice and segregation. Journal of Labor Econonomics. 32 (1), [A] Pradhan, M., D. Suryadarma, A. Beatty, M. Wong, A. Gaduh,, A. Alishjabana & R.P. Artha. Improving educational quality through enhancing community participation : results from a randomized field experiment in Indonesia. American Economic Journal, Applied Economics. [A] Rud, I., Van Klaveren, C., Groot, W. & Maassen van den Brink, H. The externalities of crime: The effect of criminal involvement of parents on the educational attainment of their children. Economics of Education review. [B] Tirivayi, N., Groot, W. & Maassen van den Brink, H. (2013) Group Incentives for Teachers and their Effect on Student Learning: A systematic Review of Theory and Evidence. School Effectiveness and School Improvement. Forthcoming ( published on line 20 december 2013). 89

92 Publications in numbers Human Capital ) Articles a) refereed A 4 B 5 Other 4 13 b) non-refereed 1 c) professional 9 d) popular 0 2) Books or book chapters a) refereed A 0 B 1 Other 1 2 b) other 1 3) Proceedings 0 4) PhD theses 2 6) Working papers 5 Total 33 Article in journal - refereed A Fredriksson, P., Öckert, B. & Oosterbeek, H. (2013). Long-term effects of class size. Quarterly Journal of Economics Hoogendoorn, S., Oosterbeek, H. & Van Praag, M. (2013). The impact of gender diversity on the performance of business teams: Evidence from a field experiment. Management Science Leuven, E., Oosterbeek, H. & De Wolf, I. (2013). The effects of medical school on health outcomes: Evidence from admission lotteries. Journal of Health Economics Pradhan, M., J. De Ree & R. Alessie. (2013). The price and utility dependence of equivalence scales: evidence from Indonesia". Journal of Public Economics 97, B Budria, S., L. Diaz Serrano, A. Ferrer I Carbonell & J. Hartog (2013). Risk attitude and wage growth, replicating Shaw (1996). Empirical Economics, 44 (2), Hartog, J. (2013). Jules J.M. Theeuwes ( ). Labour Economics, 20 (1), 1-2. Hidalgo, D., Onofa, M., Oosterbeek, H. & Ponce, J. (2013). Can provision of free school uniforms harm attendance? Evidence from Ecuador. Journal of Development Economics 103. (2013) Oosterbeek, H. & Van der Klaauw, B. (2013). Ramadan, fasting and educational outcomes. Economics of Education Review Sattinger, M. & J. Hartog (2013). Nash bargaining and the wage consequences of educational mismatches. Labour Economics, 23 (1), Other Cornelisz, I., J. Hartog and L. van Welie (2013). Free School Choice and the Educational Achievement Gap. Journal of School Choice: International Research and Reform, 7 (3), De Witte, K., Cabus, S.J., Thyssen, G., Groot, W. & Maassen van den Brink, H. (2013). A critical review of the literature on School Dropout. Educational research Review 10 (1), De Witte, K., Groot, W. & Maassen van den Brink, H, (2013). The efficiency of education in generating literacy: a stochastic frontier approach. Review of Economics & Finance. Vol.2, No. 2, 2012, pp Pradhan, M., S. Brinkman, A. Beatty, A. Maika, E. Satriawan, J. de Ree & A. Hasan. (2013). Evaluating a community-based early childhood education and development program in 90

93 Indonesia: study protocol for a pragmatic cluster randomized controlled trial with supplementary matched control group. Trials, 14, 259. Article in journal non-refereed Hartog, J. (2013). Jules J.M. Theeuwes. Royal Economic Society Newsletter, 160, January, Article in journal professional Haan, F. (2013), Evidence based onderwijs onderzoek, of anders niets, Onderwijsinnovatie (OI), juni. Hartog, J. (2103), : Eet ik het pensioen van mijn kinderen op? Wat een onzin!. Me Judice, November 29, Hollanders, D. & Praag, B. van (2013). Houd toegezegde pensioenpremie in stand, het kan!. Me Judice : Economen in Debat, 2013(29 maart). Ketel, N., Klaauw, B. van der, Leuven, E. & Oosterbeek, H. (2012). Medisch specialisten profiteren van kunstmatige schaarste aan artsen. Me Judice : Economen in Debat, 2012(01 okt). Praag, B. van (2013). Het pensioenprobleem in Nederland. Economisch-Statistische Berichten, 98(4664/4665), Internet article (blog) professional Groot, W. & H. Maassen van den Brink (2013). Politiek onderschat risico s zorgfraude, Zorgvisie, 14 juni Groot, W. & H. Maassen van den Brink (2013). Premies zorgverzekering kunnen omlaag, Zorgvisie, 22 september Groot, W. & H. Maassen van den Brink (2013). Rekening persoonlijke verzorging afgewenteld op premiebetaler, Zorgvisie, 17 november. Groot, W. & H. Maassen van den Brink (2013). Laat total bodyscan toe, Zorgvisie, 6 september Article in magazine or newspaper popular scientific Groot, W. & H. Maassen van den Brink (2013, May 17). Concurrentie scholen werkt niet in Limburg, De Limburger. Groot, W. & H. Maassen van den Brink (2013, January 9). NMA tast mis bij ziekenhuisfusies, NRC Handelsblad. Groot, W. & H. Maassen van den Brink (2013, January 15). Demotie is schadelijk voor bedrijven, want je toont je onbetrouwbaar, Volkskrant.nl. Groot, W. & H. Maassen van den Brink (2013, February 16). Grote GGZ gebruik door onbeperkte toegang, Het Financieele Dagblad. Groot, W., A. van Es, C. Gehrels & H. Maassen van den Brink (2013, April 4). Scholingsfondsen beschikken over miljarden maar benutten hun vermogen onvoldoende, Het Financieele Dagblad. Groot, W. & H. Maassen van den Brink (2013, May 10). Winst zorgverzekeraars terug naar verzekerden, NRC Handelsblad. Groot, W. & H. Maassen van den Brink (2013, July 1). Zorgfraude niet grondig aangepakt, Nederlands Dagblad. Haan, F. (2013, September 23). Malle leraar van het jaar verkiezing, Volkskrant. Haan, F. (2013, July 15). 'Zittenblijven is zinloze en dure rariteit, Volkskrant. 91

94 Book / book chapter refereed B Praag, B.M.S. van & Baarsma, B.E. (2013). Using happiness surveys to value intangibles: The case of airport noise. In: B.S. Frey & A. Stutzer (Eds.), Recent developments in the economics of happiness (The international library of critical writings in economics, 271) (pp ). Cheltenham: Edward Elgar. Other Alatas, H., S. Brinkman, M. Chu Chang, T. Hadiyati, D. Hartono, A. Hasan, M. Hyson, H. Jung, A. Kinnell, M. Pradhan & R. Roesli. (2013). Early Childhood Education and Development Services in Indonesia. In: Education in Indonesia, eds. Daniel Suryadarma and Gavin Jones, 2013, Singapore: Institute for South Asian Studies. Book / book chapter non-refereed Hartog, J. (2013), Bescherming: op de hand gewogen. In: G. Heerma van Voss en E. Verhulp, De waarde(n) van het arbeidsrecht, Liber Amicorum voor prof.mr. Paul van der Heiden, Den Haag: SDU, Report working- and discussion papers Buser T. & A. Dreber (2013). The flipside of comparative payment schemes. Tinbergen Discussion Paper TI /I. Cramer, J.S. & Hoogendoorn, S.M. (2013). Intelligence and safe and healthy behavior in a small sample of students. (UvA Econometrics Discussion Paper ). Amsterdam: University of Amsterdam. Hartog, J. (2013). Denmark: perfect example of balanced employment protection? Universiteit van Amsterdam. Heers, Marieke, Ghysels, Joris, Groot, Wim and Maassen van den Brink, Henriette (2013). The contribution of community schooling to children s educational progress: a comparative evaluation of the various activities of community schools. TIER WP 13/09, TIER Working paper series. Linde, J., Sonnemans, J. & Tuinstra, J. (2013). Strategies and Evolution in the Minority Game: A Multi-Round Strategy Experiment. (CeNDEF Working paper 13-02). University of Amsterdam. Report- professional Pradhan, M. (2013). MSF II joint evaluations Baseline report for Indonesia, AIID, CDI Wageningen University, Surveymeter. UvA Dissertation internally prepared Kastoryano, S. (2013, April 24). Essays in Applied Dynamic Microeconometrics. [Promotores: prof.dr. J. Hartog & dr. B. van der Klaauw] Van Welie, L. (2013, July 3). They will get there! Studies on Educational Performance of Immigrant Youth in the Netherlands. [Promotor: prof.dr. J. Hartog] UvA Dissertation externally prepared Hoogendoorn, S.M. (2013, March 8). Diversity and team performance: A series of field experiments.[promotor: prof.dr. C.M. van Praag] 92

95 Conference organiser Hartog, J. (2013): EALE 25 and Labor Economics, organisor Memorial Sessions Turin and Special Issue, with J. Theeuwes. Recognition Booij, A, F. Haan & E. Plug: PROO - Excellence in education grant. Estimating the impact of an enrichment program on educational achievement of excellent students using two experiments. The Netherlands Organisation for Scientific Research (NWO). 220,000: The Netherlands Organisation for Scientific Research (NWO). Editorship Hartog, J. (2013). Member editorial boards Economics of Education Review, International Journal of Happiness and Development & ISRN Education Oosterbeek, H. (2013). Member editorial boards Economics of Education Review & Effective Education Keynote/invited talk Booij, A. (2013, May 23). Peer effects in university. Seminar. University Paris-Est, Paris. Buser T. (2013, April 2). Gender, Competitiveness and Career Choices. Seminar series on the Development and Utilization of Human Resources, Maastricht University. Hartog, J. and A. Zorlu (2013, April 15-17). Neighbourhood compostion and quality by etnicity in TheNetherlands, E Pluribus Prosperitas (The economics of cultural diversity), VU Amsterdam. Hartog, J. (2013, April 25). Schooling as a risky investment, Labour and Health Economics workshop, Tilburg University. Hartog, J. (2013, October 3-4). Schooling as a risky investment, QURE Workshop Empirical Research in Economics of Education, Reus. Oosterbeek, H. (2013, October 4). Inside the black-box of class size. Workshop, Reus, Spain. Oosterbeek, H. (2013, September 25). Recent developments in the empirical analysis of economics of education. Summerschool, Bamberg, Germany. Plug E. (2013, November 26). Fertility effects on labor supply: IV evidence from IVF treatments. Seminar. University of Gotenburg. Plug E. (2013, November 18). Fertility effects on labor supply: IV evidence from IVF treatments. Seminar. University of Edinburgh. Plug E. (2013, November 1). Enriching the gifted: Evidence from a gifted program in secondary education. CBO, Radboud University, Nijmegen. Plug E. (2013, October 4). Education and cancer risk. Keynote at workshop on Workshop on Empirical Research in the Economics of Education. Universitat Rorvira i Virgili. Plug E. (2013, May 24). Fertility effects on labor supply: IV evidence from IVF treatments. Seminar. DIW Berlin. Plug E. (2013, January 12). Teacher quality and student achievement: Evidence from a Dutch sample of twins. Keynote at workshop on ``Economics of Successful Children: Families and Schools" Aarhus University. Other lectures Booij, A. (2013, April 23-25). Peer effects in university. Education workshop NTNU. Trondheim. Booij, A. (2013, 3-4 oktober 2013) Peer effects in university. Education workshop URV Reus. Buser T. (2013, January 16). The impact of exogenous income shocks on child health. Seminar, Vrije Universiteit Amsterdam. Buser T. (2013, March 7). On the income elasticity of religiousness. Seminar, UC San Diego. 93

96 Buser T. (2013, August 24). Is there a partial biological basis for economic preferences? Evidence from research using proxies for underlying neurological differences. ABEE workshop, Amsterdam. Haan, F. (2013, 22 januari). Studiehuis is softenonschandaal onderwijs. Keynote symposium LVO- TIER. Haan, F. (2013, 11 december). Excellentie in lerende organisaties. Keynote VO EXPO School aan Zet. Haan, F. (2013, 8 oktober). Leerplicht voor leraar. Leraren congres. Haan, F. (2013, 13 March). Show case lesson in Glassroom at Teacher Summit. Oosterbeek, H. (2013, September 6). Tuition fees as a commitment device, Conference, Cesifo Munich, Germany. Oosterbeek, H. (2013, March 1). Gender, competitiveness and career choices. Seminar, LSE London, UK. Oosterbeek, H. (2013, April 11). Gender, competitiveness and career choices. Seminar, University Oslo, Norway. Plug E. (2013, November 28). Fertility effects on labor supply: IV evidence from IVF treatments. Workshop on Family Economics. University of Mannheim. Plug E. (2013, October 13). Fertility effects on labor supply: IV evidence from IVF treatments. KAFFEE seminar, University of Amsterdam. Plug E. (2013, September 28). Fertility effects on labor supply: IV evidence from IVF treatments. EALE conference, Turin. Plug E. (2013, June 15). Fertility effects on labor supply: IV evidence from IVF treatments. ESPE conference, Aarhus. Membership academies Booij, A. (2013). Junior Fellow Tinbergen Instituut. Buser T. (2013). Tinbergen Institute Research Fellow. Hartog, J. (2013). P. Santos Raposo (Tilburg University, April 26), C.Ozgen (VU, September 25), L. Van Welie (UvA, Supervisor, July) J. Reynosa (Universitat Roviri i Virgili, Reus, November 20). Maassen van den Brink, H. (2013). L.van Welie (UvA, July), S. Cabus (Maastricht University, Supervisor, September). Oosterbeek, H. (2013). Tinbergen Institute Research Fellow, CESifo Research Fellow, Munich, Germany. Plug, E. (2013). Tinbergen Institute Research Fellow; Institute for Labour Studies Research Fellow, IZA, Bonn, Germany; Uppsala Center for Labor Studies, UCLS Research Fellow, Uppsala, Sweden. Plug, E. (2013). Krzysztof Karbownik (Uppsala University, December), Sofie Cabus (Maastricht University, September). Plug, E. (2013) Expert member Expert Network of Economics of Education EENEE; Board member European Association of Labour Economics EALE; president-elect European Society of Population Economics ESPE. Pradhan, M. (2013). B. Kramer (VU University, December 2), Robert Scholte (VU University, October 14). Pradhan, M. (2013). Tinbergen Institute Research Fellow. Relevant positions Booij, A. (2013). Referee for: German Economic Review, Economics of Education Review, Educational Research and Evaluation. Buser T. (2013). Referee for: American Economic Review, American Economic Journal: Applied Economics, Management Science, Games and Economic Behavior, Experimental Economics. Hartog J. (2013): member Curatorium Henri Polak Leerstoel, AIAS; chair Curatorium Randstad Leerstoel; member Landelijk Orgaan Wetenschappelijke Integriteit (LOWI); KNAW 94

97 (National Committee on Scientific Integrity, Royal Netherlands Academy of Sciences); member Conseil Scientifique de l Instance Nationale d Evaluation Royaume du Maroc; member Nederlands-Vlaamse Accreditatie Organisatie NVAO (Quality Assessment of Universities); standing committee Social Sciences. Oosterbeek, H. (2013). Referee for: QJE (2), AER (2), RESTUD, Journal of Labor Economics, Scandinavian Journal of Economics, EJ (2), Journal of Development Economics, Economica, Experimental Economics, Empirical Economics, Journal of Applied Econometrics. Plug E. (2013). Referee for: American Economic Review, American Economic Journal: Applied Economics, Economic Journal, Economics of Education Review, Education Economics, Industrial Relations, Journal of Homosexual Studies, Labour Economics, MIT Press, Quantitative Economics. 95

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99 11. EXPERIMENTAL & POLITICAL ECONOMICS (CREED) Programme Director Prof. dr. A.J.H.C. Schram METIS-code: uva/feb/ase/epe JEL-classification: D7, D8 Starting date: 1991 Websites: VSNU-scores : Quality: 5, Productivity: 4.5, Relevance: 5, Viability: MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Bault, N.G.J. dr. postdoc 0,42 1,00 0,79-1 Bault, N.G.J. dr. guest - - 0,00 0,00 1 Dogan, G. dr. ud 0,21 0,50 0,29 0,43 1 Gago Guerriero de Brito Robalo, P.M. msc guest - 0,00 0,00-1 Gago Guerriero de Brito Robalo, P.M. msc phd - - 0,27 0,80 1 Garcia Gallego, J.A dr. guest 0, Gneezy, U. prof. dr. guest - - 0,00 0,00 1 Gomez Martinez, F. msc phd ,27 1 Groot Ruiz, A.W. msc phd 0,60 0, Haan, Th. de msc phd 0,60 0, Haan, Th. de msc guest - 0,00 0,00-1 He, S. msc phd ,27 1 Hoyer, M. msc phd - - 0,27 0,80 1 Hu, A. msc phd 0, Hu, A. dr. oz ,08 2 Kamm, A. msc phd - - 0,27 0,80 1 Kopányi-Peuker, A. msc phd - 0,00 0,33-1 Kopányi-Peuker, A. msc phd - - 0,47 0,55 2 Leeuwen, B. van msc phd - 0,20 0,80 0,80 1 Linde, J. drs. phd 0,60 0, Loerakker, B. msc phd - - 0,27 0,80 1 Offerman, T.J.S. prof. dr. hgl 0,50 0,50 0,50 0,50 1 Onderstal, A.M. dr. ud 0,20 0,20 0,20 0,20 1 Pelloux, B. msc phd 0,20 0, Pelloux, B. msc guest 0, Schram, A.J.H.C. prof. dr. hgl 0,50 0,50 0,50 0,50 1 Schimizu, K. dr. guest 0, Smerdon, D. msc phd ,27 1 Sonnemans, J. prof. dr. hgl 0,50 0,50 0,50 0,

100 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Tsutsui, Y. guest 0,00 0, Tyszler, M. msc phd 0,60 0, Ule, A. dr. oz 0,75 0,75 0,28-2 Ule, A. dr. ud - - 0,22 0,25 1 Veelen, C.M. van dr. ud 0,50 0,29 0,25-1 Veelen, C.M. van dr. uhd - - 0,25 0,50 1 Veen, A. van der drs. phd 0, Veen, A. van der drs. guest - 0,00 0,00-1 Veldhuizen, R.R. van msc phd 0,60 0,60 0,53-1 Veldhuizen, R.R. van dr. guest - - 0,00 0,00 1 Wakker, P.P. prof. dr. guest 0, Weber, M. msc phd - 0,15 0,33-1 Weber, M. msc phd - - 0,47 0,80 2 Weele, J. van der dr. postdoc ,27 2 Winden, F.A.A.M. van prof. dr. hgl 0,50 0,32 0,21 0,16 1 Yang, Y. msc phd 0,20 0,60 0,80 0,56 1 Zheng, J. msc phd 0,20 0,60 0,80 0,27 1 Total 1st flow of funds 6,13 7,04 7,58 8,68 Total 2nd flow of funds 2,30 0,85 1,22 1,70 Total 3rd flow of funds 0,00 0,00 0,00 0,00 Total 1st f.o.f. excl. Ph.D.'s 3,33 3,81 3,71 3,04 Total 1st-3rd flow of funds 8,43 7,89 8,80 10,38 Ph.D. students 4,35 3,33 4,81 6, PROGRAMME DESIGN Objective Improving the understanding of the behavioural determinants and consequences of economic decision making by (a) focusing on political economic issues, (b) allowing for bounded rationality, and (c) using laboratory experimentation as research method. Motivation Political decision making plays an important role in economies. Governments, for example, are essential for the functioning of markets, may be called upon to correct for market failures, but also have their own dynamics. Positive welfare effects of policies cannot be taken for granted. It is, therefore, important to study political decision making and the way in which policies can be applied beneficially. These observations provide the motivation for the first project: Economics of political decision making, a long standing project at the FEB dating back to It is related to public choice and the more recent upsurge in political economics. Economic models, also when concerned with political decision making, typically make strong assumptions about the rationality, sophistication, and selfishness of individual behaviour. Experimental and other empirical evidence suggests, however, that the predictive power of the standard homo economicus model is often disappointing and depends on the institutional character of the decision making environment. There is a need for greater knowledge and a more satisfactory treatment of the bounds on rationality generated by the nature of cognition and emotion, and the influence of institutions. This motivates the second project: Bounded rationality and institutions, which fits into the emerging field of behavioural economics. 98

101 For the advancement of theory, empirical feedback is crucial. This may hold in particular for new research areas, when sorting out the most promising ways to go. Empirical analysis is seen as an important ingredient of this programmeme. For many of the issues studied in the aforementioned two projects, however, adequate field data are hard to come by or even nonexistent. Laboratory experimentation is a helpful complementary research method, especially in these cases, for exploration or the testing of models focusing on fundamental behavioural aspects or mechanisms. This motivates the third project: Experimental economics, which is stimulated by, and provides feedback for, the other two projects. Institutional embedding The research of this programmeme is carried out within the Center for Research in Experimental Economics and political Decision-making (CREED), a research institute of the FEB. CREED was established in 1991 by a PIONIER-grant from the Netherlands Organisation for the Advancement of Scientific Research (NWO) for the development of experimental economics in the Netherlands. An important facility is the CREED-laboratory for experimental economics, one of the few dedicated computer laboratories in Europe. Its focus on political decision making and experimental economics distinguishes CREED internationally. Projects I Economics of political decision making This project is concerned with the demand for and the endogenous supply of government policies, the ways in which coordination takes place through the political decision-making process, and the effects thereof on the economy. Major research topics are: Political participation and influence (voting, activity and influence of interest groups); Interaction between the public sector and the private sector (e.g. the development of social capital and its importance for the provision of public goods); Political economy of public and private institutions (e.g. issues of fiscal federalism). II Bounded rationality and institutions In this project fundamental aspects of individual decision making, with economic relevance, are investigated. More particularly, attention is focused on the impact of cognitive limitations and emotions. In addition, responses to the complexity and institutional characteristics of the decision environment are studied. Among the topics investigated are: Group formation in complex environments (e.g. development of political preferences through social interaction, development of interest groups); Economic significance and modelling of emotions (e.g. anger, anxiety, happiness); Performance of various auction formats; Irrationalities in risk attitudes, and efficiency gains by avoiding or reckoning with these. III Experimental economics The main purpose of laboratory experiments in economic research is to create a (political) economic process in a laboratory environment which allows for sufficient control and accurate measurement. Experiments are used for three purposes: (a) the testing of behavioural assumptions and predictions of existing (competing) theories; (b) the searching for facts that are instrumental in the construction of descriptive and explanatory theories; and (c) the evaluation of (new) institutions to assist policy makers. Research in this project is particularly stimulated by, and provides feedback for, the aforementioned two projects. Major lines of research are: Voting and electoral competition (behaviour of voters and political candidates/parties); Lobbying and political pressure (ways and means, and determinants of effectiveness); Emotions and economic behaviour (impact, and modelling); Markets and institutions (functioning of markets and, the design of, institutions); 99

102 Evolution of cooperation (development of cooperative behaviour over time); Biases in risk attitudes PROGRAMME EVALUATION 2013 Was another good year for CREED. We again witnessed a good set of high-level publications, successful PhD defenses and welcomed promising new members. We welcomed six new members to CREED. Audrey Hu was awarded the prestigious NWO-VENI grant and returned to CREED as a researcher. Joël van der Weele joined CREED as a postdoctoral researcher, funded by the research priority area Behavioural Economics. Simin He (supervised by Theo Offerman and Jeroen van de Ven); Francesco Gomez Martinez (supervised by Joep Sonnemans and Sander Onderstal); David Smerdon (supervised by Theo Offerman and Uri Gneezy) and Jindi Zheng (supervised by Arthur Schram) started as PhD students We welcome all of these new members and look forward to working with them in the next few years. Finally, three members temporarily left CREED for leaves at other places. Joep Sonnemans spent four months visiting universities in Australia and New Zealand, Matthijs van Veelen was a visitor at Harvard University for four months and Arthur Schram spent six months visiting the Institute of Economic Analysis in Barcelona. Research output was high in We celebrated the PhD defence of Roel van Velthuizen, who is currently employed at the prestigious Wissenschaftzentrum für Socialforschung in Berlin. A series of top-level publications include articles in the Proceedings of the National Academy of Sciences, the Journal of Public Economics, Games and Economic Behavior, Experimental Economics, and the Journal of Economic Behavior and Organization. Other papers have been accepted for publication in excellent journals such as the Economic Journal, the Journal of the European Economic Association, Social Networks, and the American Economic Journal: Microeconomics. The diversity and multidisciplinarity of research at CREED also shows from publications in Auditing: A Journal of Practice and Theory; and Ecology and Evolution. Aside from 14 publications in top-tier peer-reviewed journals and 7 papers accepted for publication in 2014, external recognition of the research undertaken at CREED was received in various ways. These include 31 invitiations to present seminars or keynote lectures, various associate editorships, an NWO-VENI grant (for Audry Hu), funding from the research priority area Brain and Cognition (to support PhD candidate Ben Loerakker) and a continued membership of the Junior Academy of the Royal Netherlands Academy of Arts and Sciences for Matthijs van Veelen. In addition, a paper coauthored by CREED member Pedro Robalo was awarded the Best paper award on Behavioral Organizational Economics by the Unicredit and Universities Foundation as well as the best paper award at the 13th PREBEM conference. Research contacts were continued, for example by a successful seminar series that included presentations by renowned scholars such as Gary Charness, Joan Esteban, Bernd Irlenbusch, Dan Levin, and Rosemarie Nagel. CREED also organized the Amsterdam workshop on Behavioral and Experimental Economics (ABEE 2013: A Dialogue Between Laboratory Experiments and Neuroeconomics ), which falls within the framework of the faculty s Research Priority Area Behavioural Economics. CREED also organized a meeting on The Role of Uncertainty in Learning and Behavioral Control. In collaboration with the Cognitive Science Center Amsterdam (CSCA). CRRED s participation in the CSCA continued, as did our yearly PhD exchanges with the Universities of Nottingham and East Anglia and with New York University. These exchanges provide excellent opportunities for CREED PhD students to present their work (at all stages of the project) to an audience consisting of PhD students and world-renowned professors of the participating institutes. Finally, together with Jeroen van de Ven, Arthur Schram organized a summer school on Experimental Economics. 100

103 11.4 RESOURCES AND FUNDING The programme again received modest funding from the research institute ASE-RI, which was largely spent to cover (part of the) traveling costs to attend conferences. Additional means were obtained from external funding and the Tinbergen Institute (for PhD students). Substantial additional means came from the UvA-Research Priority Area Behavioural Economics. These provide a solid foundation for paying participants in experiments at the CREED laboratory. As for NWO funding, an NWO-VENI grant was awarded to Audrey Hu. CREED continued to receive funding from contracted research for governmental institutions and business OUTPUT Key publications Andersen, S., S. Ertaç, U. Gneezy, M. Hoffman and J.A. List (2011) Stakes matter in the ultimatum game. American Economic Review, 101, [A] Brandts, J., Riedl, A. & Winden, F.A.A.M. van (2009). Competitive Rivalry, Social Disposition, and Subjective Well-being: An Experiment. Journal of Public Economics, 93, [A] Grosser, J., & A. Schram (2010). Public Opinion Polls, Voter Turnout and Welfare: An Experimental Study. the American Journal of Political Science 54, 2010; [A] Leibbrandt, A., Gneezy, U., & List, J. (2013). "Rise and Fall of Competitiveness in Individualistic and Collectivistic Societies." Proceedings of the National Academy of Sciences of the United States of America, 110(23), [A] Offerman, T.J.S., Sonnemans, J.H., Kuilen, G. van de, & Wakker, P.P. (2009). A Truth-Serum for Non-Bayesians: Correcting Proper Scoring Rules for Risk Attitudes. Review of Economic Studies 76, [A] Ule, A., Schram, A.J.H.C., Riedl, A. & Cason, T. (2009). Indirect Punishment and Generosity Towards Strangers. Science, 326, [A] Veelen, M. van, García, J., Rand, D. & Nowak, M. (2012). Direct reciprocity in structured populations Proceedings of the National Academy of Sciences 109, [A] Forthcoming Brandts, J., Reynolds, S. & Schram, A.J.H.C. Pivotal Suppliers and Market Power in Experimental Supply Function Competition. Economic Journal. [A] Durante, R., L. Putterman and J.J. Van der Weele. Preferences for redistribution and perceptions of fairness: an experimental study. Journal of the European Economic Association. [A] Gerxhani, K., Brandts, J. & and Schram, A.J.H.C. The Emergence of Social Structure: Employer Information Networks in an Experimental Labor Market. Social Networks. [A] Groot Ruiz, A. de, Offerman, T. and Onderstal, S. (2013). For Those About to Talk We Salute You: An Experimental Study of Credible Deviations and ACDC. Experimental Economics. [A] Kocher, M., Krawczyk, M. & F. van Winden. Let me dream on! Anticipatory emotions and preferences for timing in lotteries. Journal of Economic Behavior & Organization. [A] Nosenzo, D., Offerman, T.J.S., Sefton, M. & Veen, A. van der. Encouraging Compliance: Bonuses versus Fines in Inspection Games. Journal of Law, Economics, and Organization. [A] Van der Weele, J. J., J. Kulisa, M. Kosfeld and G. Friebel. Resisting moral wiggle room: how robust is reciprocal behavior?. American Economic Journal: Microeconomics. [A] 101

104 Publications in numbers Experimental & Political Economics ) Articles a) refereed A 9 B 5 Other 0 14 b) non-refereed 0 c) professional 0 d) popular 0 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 1 3) Proceedings 1 4) PhD theses 1 6) Working papers 26 Total 43 A B Article in journal - refereed Bosman, R., Maier, P., Sadiraj, V. & F. van Winden (2013). Let me vote! An experimental study of voterotation in committees. Journal of Economic Behavior & Organization 96, Charness, G., Gneezy, U., & Imas, A. (2013). Experimental Methods: Eliciting Risk Preferences. Journal of Economic Behavior and Organization, 87, Charness, G., Gneezy, U., & Kuhn, M. (2013). Experimental Methods: Extra-Laboratory Experiments Extending the Reach of Experimental Economics. Journal of Economic Behavior & Organization, 91, Doğan, G., Assen, M. van & Potters, J. (2013). The Effect of Link Costs on Simple Buyer-Seller Networks. Games and Economic Behavior 77, Galbiati, R., K. Schlag and J.J. Van der Weele. (2013). Sanctions that signal: an experiment". Journal of Economic Behavior and Organization, 2013, 94, Goeree, Jacob K., Offerman, T.J.S. & Sloof, R. (2013). Demand Reduction and Preemptive Bidding in License Auctions. Experimental Economics 16, Leibbrandt, A., Gneezy, U., & List, J. (2013). "Rise and Fall of Competitiveness in Individualistic and Collectivistic Societies." Proceedings of the National Academy of Sciences of the United States of America,110(23), Maximiano, S., Sloof, R. & Sonnemans, J.H. (2013) Gift exchange and the separation of ownership and control. Games and Economic Behavior 77, Onderstal, S., Schram, A.J.H.C. & Soetevent, A.R. (2013). Bidding to Give in the Field: Door-to- Door Fundraisers Had it Right from the Start. Journal of Public Economics 105, Bertrand, R., Schram, A.J.H.C. & Vaassen, E. (2013). Understanding Contract Audits: An Experimental Approach Auditing. A Journal of Practice and Theory 32, Dur, R. and J.J. Van der Weele (2013). Status-Seeking in Criminal Subcultures and the Double Dividend of Zero-Tolerance". Journal of Public Economic Theory, 15:1, Schlag, K. and J.J. Van der Weele. (2013). Eliciting probabilities, means medians, variance and covariances without assuming risk neutrality". Theoretical Economics Letters, 2013, 3:1, Tyszler, M. & Schram, A.J.H.C. (2013). Strategic Voting in Heterogeneous Electorates: An Experimental Study. Games 4,

105 Wu, B., Gokhale, C.S., Veelen, M. van, Wang, L. & Traulsen, A. (2013). Interpretations arising from Wrightian and Malthusian fitness under strong frequency dependent selection. Ecology and Evolution 3, Article in magazine or newspaper popular scientific Ule, A. Na starih polih. Mladina Alternative. Spring Ule, A. Pomanjkanje razumevanja kakovosti. Sobotna priloga Book non-refereed Gneezy, U. & List, J. The Why Axis: Hidden Motives and the Undiscovered Economics of Everyday Life. PublicAffairs, October 8, Conference paper (proceedings) non-refereed Abbink, K., Bosman, R., Heijmans, R. & F. van Winden (2013), Disruptions in large value payment systems: An experimental approach. In: Simulator Seminar Proceedings , Diagnostics for the financial markets computational studies of payment systems, eds. Matti Hellquist and Tatu Laine. Report professional Schram, A.J.H.C. & Ule, A. (2013). Privatizing Natural Monopolies. Document prepared for the CPB. Working- and discussion papers Abbink, K., & Doğan, G. (2013). How To Choose Your Victim, Discussion Paper, University of Amsterdam. Groot Ruiz, A., Offerman, T.J.S. and Onderstal, S. (2013). Equilibrium Selection in Cheap Talk Games: ACDC Rocks When Other Criteria Remain Silent, Discussion Paper, University of Amsterdam. Groot Ruiz, A., Offerman, T.J.S. and Onderstal, S. (2013). Power and the Privilege of Clarity: An Analysis of Bargaining Power and Information Transmission, Discussion Paper, University of Amsterdam. Grossman, Z. and Weele, J.J. van der. (2013). Self-image and strategic ignorance in moral dilemmas, Discussion Paper, University of Amsterdam. Haan, T. de, Offerman, T.J.S. and Sloof, R., (2013). Discrimination in the Labor Market: the Curse of Competition between Workers, Discussion Paper, University of Amsterdam. Haan, T. de, Offerman, T.J.S. and Sloof, R. (2013). Money Talks? An Experimental Investigation of Cheap Talk and Burned Money, Discussion Paper, University of Amsterdam. Hoyer, M., Bault, N., Loerakker, B. and Van Winden, F. (2013). Destructive Behavior in a Fragile Public Good Game, Discussion Paper, University of Amsterdam. Hu, A., Offerman, T.J.S. and Zou, L. (2013). How Risk Sharing May Enhance Efficiency in English Auctions, Discussion Paper, University of Amsterdam. Kamm, A & Schram, A.J.H.C. (2013). A Simultaneous Analysis of Turnout and Voting under Proportional Representation: Theory and Experiments, Discussion Paper, University of Amsterdam. Kopányi-Peuker, A, Offerman, T.J.S. and Sloof, R. (2013). Fostering Cooperation Through the Enhancement of Own Vulnerability, Discussion Paper, University of Amsterdam. Lacomba, J. A., Lagos, F., Reuben, E. & Winden, F.A.A.M. van (2013). On the escalation and deescalation of conflict, Discussion Paper, University of Amsterdam. Leeuwen, B. van, Offerman, T.J.S. and Schram, A.J.H.C. (2013). Superstars Need Social Benefits: An Experiment on Network Formation, Discussion Paper, University of Amsterdam. 103

106 Linde, J., Sonnemans, J.H. & Tuinstra, J. (2013). Strategies and Evolution in the Minority Game: A Multi-Round Strategy Experiment, Discussion Paper, University of Amsterdam. Nosenzo, D., Offerman, T., Martin Sefton and Ailko van der Veen, 2013: Discretionary Sanctions and Rewards in the Repeated Inspection Game, Discussion Paper, University of Amsterdam. Offerman, T.J.S. and Asa Palley, 2013: Lossed in Translation: An Off-the-Shelf Method to Recover Probabilistic Beliefs from Loss-Averse Agents, Discussion Paper, University of Amsterdam. Offerman, T.J.S. and Ailko van der Veen, 2013: How to Subsidize Contributions to Public Goods Does the Frog Jump Out of the Boiling Water?, Discussion Paper, University of Amsterdam. Pelloux, B., Bault, N. Fahrenfort, J.F., Ridderinkhof, K.R. & Winden, F.A.A.M. van (2013). On the Dynamic Development of Social Ties: Theory and Application, Discussion Paper, University of Amsterdam. Robalo, P., Schram, A.J.H.C., & Sonnemans, J.H. (2013). Other-regarding Preferences, Group Identity and Political Participation: an experiment, Discussion Paper, University of Amsterdam. Robalo, P., Sayag, R. (2013). Paying is Believing: The Effect of Costly Information on Bayesian Updating, Discussion Paper, University of Amsterdam. Schram, A.J.H.C. & Ule, A. (2013). Democracy and Regulation: The Effects of Electoral Competition on Infrastructure Investments, Discussion Paper, University of Amsterdam. Dijk, F. van, Sonnemans, J.H. & Bauw, E. (2013). Judicial error by groups and individuals, Discussion Paper, University of Amsterdam. Leeuwen, B. van, Offerman, T.J.S. & Schram, A.J.H.C. (2013). Superstars Need Social Benefits: An Experiment on Network Formation, Discussion Paper, University of Amsterdam. Schlag, K. H., J. Tremewan and J.J. Van der Weele. (2013). A penny for your thoughts: A survey of incentives and belief elicitation, Discussion Paper, University of Amsterdam. Weber, M. (2013). Choosing Voting Systems for Two-Tier Voting Behind the Veil of Ignorance: An Experiment, Discussion Paper, University of Amsterdam. Weber, M. & Schram, A.J.H.C. (2013). The Non-Equivalence of Labor Market Taxes: A Real-Effort Experiment, Discussion Paper, University of Amsterdam. Weele, J.J. van der (2013). Inconvenient truths: determinants of strategic ignorance in moral dilemmas, Discussion Paper, University of Amsterdam. UvA Dissertation internally prepared Veldhuizen, R.R. van (2013, Januari 31). Essays in experimental economics. Universiteit van Amsterdam (xiv, 178 pag.). Prom./coprom.: prof.dr. J.H. Sonnemans. Conference organiser Kopányi-Peuker, A. (2013, May 23-24). Annual CCC-meeting, Amsterdam. Leeuwen, B. van & T.J.S. Offerman, T.J.S. (2013, August 22-24). A Dialogue Between Laboratory Experiments and Neuroeconomics, Conference Organizer ABEE 13. UvA, Amsterdam. Schram, A.J.H.C. & J. van der Ven (2013, June 22-26). Summer School Experimental Economics, UvA, Amsterdam. Winden, F.A.A.M. van (2013, August 30). Meeting on The role of uncertainty in learning and behavioral control with John O Doherty (CALTECH, visiting professor CSCA), Amsterdam. Recognition Robalo, P. (2013, June 1). Holanda ainda tem margem de manobra ( Netherlands still has leeway ), interview, Expresso. Robalo, P. (2013). Best paper award for Paying is Believing: The Effect of Costly Information on Bayesian Updating, 13th PREBEM Conference. Robalo, P. (2013). Best paper award on Behavioral Organizational Economics for Paying is Believing: The Effect of Costly Information on Bayesian Updating, Unicredit & Universities Foundation. 104

107 Weele, J.J. (2013). Biweekly blog at political blog sargasso.nl. Editorship Offerman, T.J.S. (2013). Associate Editor, Games and Economic Behavior. Offerman, T.J.S. (2013). Member Editorial Board, Experimental Economics. Schram, A.J.H.C. (2013). Advisory Editor, Experimental Economics. Sonnemans, J.S. (2013). Member Editorial Board Journal of Economic Psychology Sonnemans, J.S. (2013). Member Editorial Board Quantitative Finance Winden, F.A.A.M. van. (2013). Member Editorial Board: Public Choice. Keynote/invited talk Leeuwen, B. van (April ). Centrality, Control and Exclusion in Social Dilemmas. University of East Anglia, Norwich. Leeuwen, B. van (August ). In Search of the Angry Button. Amsterdam Symposium on Behavioral and Experimental Economics. Leeuwen, B. van (October ). In Search of the Angry Button. Center for Economics and Neuroscience, University of Bonn. Leeuwen, B. van and Sonnemans, J. (October ). Stand van de Wetenschap: Gedragseconomie. SPUI25, Universiteit van Amsterdam. Offerman, T.J.S. (March ). Imitation. Invited Lecture, Springschool, UCSD, San Diego. Offerman, T.J.S. (September ). In Search of the Angry Button. Invited Seminar, University of Bern, Bern. Robalo, P. (June ). Paying is Believing: The Effect of Costly Information on Bayesian Updating. Workshop in Organizational Behavioral Economics, IZA, Bonn. Robalo, P. (October ). Participation, Mobilization and Reciprocity: Theory and Experiment. Insituto de Ciências Sociais (Institute of Social Sciences), University of Lisbon, Lisbon. Schram, A.J.H.C. (May ). Liability Side Equivalence in Labor Market Taxes. Invited seminar, Autonoma University Barcelona, Spain. Schram, A.J.H.C. (May ). Stars need Benefits. Invited seminar, Pompeu Fabra University, Barcelona. Schram, A.J.H.C. (October ). Superstars and Benefits in Network Experiments. Invited seminar, Autonoma University Barcelona, Spain. Schram, A.J.H.C. (October ). Centrality, Control and Exclusion in Social Dilemmas. Invited presentation, Public Choice Research Center workshop on Power, Games, and Fairness. University of Turku, Finland. Sonnemans, J. (March 8, 2013). Individual decision making in a social context. Seminar, University of Canterbury, Christchurch, New Zealand. Sonnemans, J. (March 12, 2013). Judicial error by groups and individuals. Seminar, University of Auckland, Auckland, New Zealand. Sonnemans, J. (March 15, 2013). Errors in judicial decisions: experiments. Seminar, Victoria Business School Orauariki, Wellington, New Zealand. Sonnemans, J. (March 22, 2013). Evolution and Strategies in the Minority Game: A Multi-Round Strategy Experiment. Seminar Otago University, Dunedin, New Zealand. Sonnemans, J. (March ). What if Judges could understand forensic experts? NZEEL distinguished lecture, University of Canterbury, Christchurch, New Zealand. Sonnemans, J. (April 10, 2013) Workshop experimental economics for staff and students. Seminar, University of Tasmania, Hobart, Tasmania, Australia. Sonnemans, J. (April 12, 2013). Evolution and Strategies in the Minority Game: A Multi-Round Strategy Experiment. Seminar, University of Tasmania, Hobart, Tasmania, Australia. Sonnemans, J. (April 17, 2013). Individual decision making in a social context. Seminar, Monash University, Melbourne, Australia. Sonnemans, J. (May 8, 2013). Judicial error by groups and individuals. Seminar, University of New South Wales, Sydney, Australia. 105

108 Sonnemans, J. (May 14, 2013). Individual decision making in a social context. Seminar, University of Technology Sydney, Sydney, Australia. Sonnemans, J. (June 17, 2013). Evolution and Strategies in the Minority Game: A Multi-Round Strategy Experiment. Seminar, University of Queensland, Brisbane, Australia. Sonnemans, J. (October 16, 2013). Evolution and Strategies in the Minority Game: A Multi-Round Strategy Experiment. Seminar, WZB Berlin. Ule, A. (Oct ). Investment with unstable regulation. Presentation, CPB, den Haag. Ule, A. (Oct ). Focal Points Revisited: Team Reasoning, the Principle of Insufficient Reason and Cognitive Hierarchy Theory. University of Toulouse. Weele, J.J. van der (April ). Self-image and strategic ignorance in moral dilemmas. Ludwig Maximilian Universität, Munich. Weele, J.J. van der (May ). Self-image and strategic ignorance in moral dilemmas. Max Planck Institute for Collective Goods, Bonn. Winden, F.A.A.M. van (March ). Economics, neuroeconomics and social ties. Research Master Cognitive and Clinical Neuroscience, University of Maastricht. Winden, F.A.A.M. van (June ). On the social engineering of conflict and peace. Workshop on Behavioral Decision Making in Memory of Gary Bornstein, Center for Rationality, Hebrew University, Jerusalem. Winden, F.A.A.M. van (August ). On the behavioral and neurodynamics of cooperation and conflict. Singapore Economic Review Conference, distinguished speaker. Winden, F.A.A.M. van (October ). On the dynamics, modeling and estimation of interpersonal bonds. Research on Monday seminar, Erasmus University Rotterdam. Winden, F.A.A.M. van (November ). Neuroeconomics: Do economists need brains?. AUC, Amsterdam. Other lectures Doğan, G. (July ). How to Choose Your Victim. ESA World Meeting, Zurich. Doğan, G. (October ). How to Choose Your Victim. Workshop on Behavioural Economics: Science, Philosophy, and Policy-Making, Trento, Italy. Hoyer, M. (May ). On the Engineering of Socially Destructive Behavior. CREED-CEDEX- CBESS Meeting, Amsterdam. Hoyer, M. (June ). On the Engineering of Socially Destructive Behavior. PHD lunch seminar, Tinbergen Institute Amsterdam. Hoyer, M. (July ). On the Engineering of Socially Destructive Behavior. ESA World Meeting, Zurich. Hoyer, M. (August ). On the Engineering of Socially Destructive Behavior. 12th TIBER Symposium on Psychology and Economics, Tilburg. Hoyer, M. (October ). Destructive Behavior in a Fragile Public Good Game. PhD course on Behavioral Economics, Bergen. Kamm, A. (October ). Turnout and Voting Under Proportional Representation. NHH PhD workshop Field and Lab Experiments in Economics, Bergen. Kamm, A. (February ). Turnout and Voting Under Proportional Representation Theory and Experiments. PhD lunch seminar, Tinbergen Institute Amsterdam. Kamm, A. (March ). Turnout and Voting Under Proportional Representation Theory and Experiments. 6th NYU-CESS Conference on Experimental Political Science, New York. Kamm, A. (April ). Turnout and Voting Under Proportional Representation Theory and Experiments. 9th International Meeting on Experimental and Behavioral Economics, Madrid. Kamm, A. (May ). Turnout and Voting Under Proportional Representation Theory and Experiments. CREED-CEDEX-CBESS Meeting, Amsterdam. Kamm, A. (May ). Turnout and Voting Under Proportional Representation Theory and Experiments. ECORE Summer School Governance and Economic Behavior, Leuven. Kamm, A. (June ). Turnout and Voting Under Proportional Representation Theory and Experiments. 3rd General Conference of the European Political Science Association, Barcelona. 106

109 Kamm, A. (July ). Turnout and Voting Under Proportional Representation Theory and Experiments. ESA World Meeting, Zurich. Kamm, A. (August ). Turnout and Voting Under Proportional Representation Theory and Experiments. 12th TIBER Symposium on Psychology and Economics, Tilburg. Kopányi-Peuker, A. (March ). Fostering cooperation through the enhancement of own vulnerability. Spring School in Behavioral Economics, San Diego. Kopányi-Peuker, A. (April ). Does the fear of exclusion improve team-production? PhD lunch seminar, Tinbergen Institute Amsterdam. Kopányi-Peuker, A. (May ). Does the fear of exclusion improve team-production? 2013 Florence Workshop on Behavioral and Experimental Economics, Florence. Kopányi-Peuker, A. (May ). Does the fear of exclusion improve team-production? CCCmeeting, Amsterdam. Leeuwen, B. van (April ). Stars Need Benefits. 9th International Meeting on Experimental and Behavioral Economics, Madrid. Leeuwen, B. van (May ). Stars Need Benefits. ECORE Summer School Governance and Economic Behavior, Leuven. Leeuwen, B. van (June ). In Search of the Angry Button. Tinbergen Institute Amsterdam. Leeuwen, B. van (July ). In Search of the Angry Button. ESA World Meetings, Zurich Leeuwen, B. van (August ) In Search of the Angry Button. 12th TIBER Symposium on Psychology and Economics, Tilburg. Leeuwen, B. van (October ). In Search of the Angry Button. NHH PhD workshop Bahavioral Economics, Bergen. Leeuwen, B. van (December ). Superstars Need Social Benefits. Simposio de la Asociación Española de Economía, Santander. Loerakker, B. (June ). The formation of negative ties in an affective ties model and its predictive power. Tinbergen Institute Amsterdam. Loerakker, B. (July ). The formation of negative ties in an affective ties model and its predictive power. ESA World Meetings, Zurich. Loerakker, B. (August ). The formation of negative ties in an affective ties model and its predictive power. 12th TIBER Symposium on Psychology and Economics, Tilburg. Offerman, T.J.S. (October ). In Search of the Angry Button, Conference Presentation, ESA meeting, Santa Cruz. Robalo, P. (May ). Participation, Mobilization and Reciprocity: Theory and Experiment. CCC-meeting, Amsterdam. Robalo, P. (June ) Participation, Mobilization and Reciprocity: Theory and Experiment. ECORE Summer School Governance and Economic Behavior, Leuven. Schram, A.J.H.C. (July ). Democracy and regulation: the effects of electoral competition on infrastructure investments. ESA World Meeting, Zurich. Ule, A. (January ). Investment with unstable regulation. KAFEE seminar, FEB. Ule, A. (March ). Group competition eliminates indiscriminate punishment and promotes cooperation. European Human Behavior and Evolution Association, Free University, Amsterdam. Veelen, M. van (March 1, 2013). In and out of equilibrium: evolution in repeated games. University of Wisconsin at Madison, Theory seminar. Veelen, M. van (March 7, 2013). In and out of equilibrium: evolution in repeated games. University of Colorado at Denver, Department of Mathematics. Veelen, M. van (March 27, 2013). In and out of equilibrium: evolution in repeated games with population structure. University of British Columbia, Department of Zoology. Veelen, M. van M (September 13, 2013). A simple model of group selection that cannot be analyzed with inclusive fitness. Ringberg Symposium Significance of evolution for understanding the economy. Veelen, M. van (November 8, 2013). A simple model of group selection that cannot be analyzed with inclusive fitness. University of Montreal Symposium Biodiversity and Environment: viability and dynamic games perspectives. 107

110 Weele, J.J. van der (May ). Self-image and strategic ignorance in moral dilemmas. HeiMax Experimental Workshop, Mannheim. Weele, J.J. van der (September ). Self-image and strategic ignorance in moral dilemmas. Nordic Behavioral Conference in Stockholm. Weber, M. (May ). Choosing Voting Systems for Two-Tier Voting behind the Veil of Ignorance: An Experiment. CCC-meeting, Amsterdam. Weber, M. (June ). The Non-Equivalence of Labor Market Taxes: A Real-Effort Experiment. 6th Maastricht Behavioral and Experimental Economics Symposium, Maastricht. Weber, M. (June ). Choosing Voting Systems for Two-Tier Voting behind the Veil of Ignorance: An Experiment. Summer Institute on Bounded Rationality, Berlin. Weber, M. (July ). Choosing Voting Systems for Two-Tier Voting behind the Veil of Ignorance: An Experiment. ESA World Meetings, Zurich. Weber, M. (October ). Choosing Voting Systems for Two-Tier Voting behind the Veil of Ignorance: An Experiment. PhD course on Behavioral Economics, Bergen. Weber, M. (October ). The Non-Equivalence of Labor Market Taxes: A Real-Effort Experiment. Workshop The Causes and Consequences of Happiness, Rotterdam. Winden, F.A.A.M. van (February ). Economics, neuroeconomics and social ties. CSCA Current Issues, Amsterdam. Winden, F.A.A.M. van (August ). On the dynamics, modeling and estimation of interpersonal bonds. ABEE 2013, Amsterdam. Yang, Y. (March ). Is Ignorance Bliss? NHH-Rady Spring School in Behavioral Economics, San Diego. Yang, Y. (May ). Is Ignorance Bliss? CCC-meeting, Amsterdam. Yang, Y. (November ). Inequity Aversion Revisited. PhD lunch seminar, Tinbergen Institute Amsterdam. Membership academies Offerman, T.J.S. (2013). Fellow of the Tinbergen Institute. Offerman, T.J.S. (2013). Fellow of CESS, NYU. Offerman, T.J.S. (2013). External fellow of CeDEX, University of Nottingham Schram, A.J.H.C. (2013). Fellow of the Tinbergen Institute. Schram, A.J.H.C. (2013). Member of VENI-grant evaluation committee, NWO. Sonnemans, J.S. (2013, September 18). Member of PhD committee for Carlos Adrián Saldarriaga Isaza, The tragedy of the commons in artisanal gold mining: evaluation of mechanisms of cooperation with simulation and economic experiments. Facultad de Minas, Universidad Nacional de Colombia. Sonnemans, J.S. (2013). Fellow of the Tinbergen Institute. Ule, A. (2013). Board member, Slovenian national agency for quality assurance in higher education. Veelen, C.M. van (2013). Fellow of the Tinbergen Institute. Veelen, C.M. van (2013). Member De Jonge Academie, KNAW. Weele, J.J. van der. (2013). Fellow of the Center for Financial Studies, Goethe University Frankfurt. Winden, F.A.A.M. van (2013). Member of the Academic Advisory Council Max Planck Institute for Research on Collective Goods, Bonn. Winden, F.A.A.M. van (2013). Member of the Koninklijke Hollandsche Maatschappij der Wetenschappen. Winden, F.A.A.M. van (2013). Fellow of the Tinbergen Institute. Winden, F.A.A.M. van (2013). Fellow of the CEPR. Winden, F.A.A.M. van (2013). Fellow of CESifo. Relevant position Offerman, T.J.S. (2013). Referee for: Economic Journal, Experimental Economics, Games and Economic Behavior, Journal of Economic Theory, Journal of the European Economic Association, Management Science, Review of Economic Studies. 108

111 Schram, A.J.H.C. (2013). Referee for: Adaptive Behavior, American Political Science Review, Complexity, Economic Journal, European Economic Review, Experimental Economics (2x), Journal of the European Economic Association, Journal of Public Economics, Review of Economic Studies. Schram, A.J.H.C. (2013). Promotor Matthias Spichtig (PhD defence June 25, 2013) Evolution of Altruism: Exploring Adaptive Landscapes [Promotors: M.W. Sabelis and A.J.H.C. Schram; co-promotor C.J.M. Egas]. Schram, A.J.H.C. (2013). Referee for for Vidi-proposal, NWO. Sonnemans. J.S. (2013). Referee for: Economic Journal, European Economic Review, Experimental Economics, Games and Economic Behavior, Journal of Economic Behavior and Organization, Journal of Risk and Uncertainty, Organizational Behavior and Human Decision Processes, Quantitative Finance. Sonnemans, J.S. (2013). Promotor Roel van Veldhuizen (PhD defence January 31, 2013) Essays in Experimental Economics. Ule, A. (2013). Referee for: Games and Economic Behavior, Experimental Economics, Nature Climate Change, Journal of Economic Psychology, European Economic Review, Management Science. Veelen, M. van (2013). Referee for: American Naturalist, Journal of Theoretical Biology (4x) Theoretical Population Biology, Games and Economic Behaviour Winden, F.A.A.M. van (2013). International Mentor PhD program Evidence-Based Economics, Munich Graduate School of Economics. Winden, F.A.A.M. van (2013). Member Jury J.C. Ruigrok Prijs 2013, Koninklijke Hollandsche Maatschappij der Wetenschappen. Winden, F.A.A.M. van (2013). AUV, forumdiscussie De vrije wil, 5 december 2013, Oude Manhuispoort, Amsterdam. Winden, F.A.A.M. van (2013). Referee for: Journal of Institutional and Theoretical Economics, Management Science. 109

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113 12. MARKETS & ORGANIZATIONS Programme director: Prof. dr. R. Sloof & Prof. dr. J. Hinloopen METIS-code: uva/feb/ase/mo JEL-classification: L Starting date: 2005 Website: VSNU-scores : Quality: 5, Productivity: 4.5, Relevance: 5, Viability: 4, MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total Total 2012 Total 2013 Funding Buser, T. dr. ud ,21 1 Cayseele, P. van prof. dr. hgl 0,10 0, Czibor, E. msc phd - - 0,27 0,80 1 Dominguez Martinez, S dr. ud - - 0,50 0,50 1 Doarest, A. msc phd 0,15 0, Leffelaar-Felsö, F.A. msc phd 0,35 0, Guerriero, C. dr. ud ,50 1 Hinloopen, J. prof. dr. hgl 0,50 0,50 0,50 0,50 1 Hoogendoorn, S. msc phd - - 0,80 0,07 3 Hsieh, C. dr. ud - - 0,50 0,50 1 Koudstaal, M. msc phd ,53 1 Onderstal, S. dr. ud 0,30 0,30 0,30 0,30 1 Praag, C.M. van prof. dr. hgl - - 0,25 0,25 1 Rosendahl Huber, L. msc phd - - 0,80 0,19 3 Schinkel, M.P. prof. dr. hgl - - 0,19 0,19 1 Seldeslachts, J. dr. ud 0,50 0,60 0,80 0,53 2 Seldeslachts, J. dr. ud ,17 1 Siemens, F. von dr. ud - - 0,33-1 Sloof, R. prof. dr. hgl - - 0,50 0,50 1 Smrkolj, G. msc phd 0,60 0,60 0,53-1 Smrkolj, G. dr. docent ,00 1 Soetevent, A.R. prof. dr. hgl 0,77 0,50 0,50 0,29 1 Soetevent, A.R. prof. dr. guest ,00 1 Sol, J. dr. ud - - 0,50 0,50 1 Toth, L. msc phd - - 0,23 0,80 1 Ven, J. van de dr. ud - - 0,10 0,30 1 Ven, J. van de dr. uhd ,08 1 Zhou, L. msc phd - 0,20 0,80 0,80 1 Total 1st flow of funds 2,00 1,73 6,00 7,42 Total 2nd flow of funds 1,27 1,00 0,80 0,53 Total 3rd flow of funds 0,00 0,00 1,60 0,26 Total 1st f.o.f. excl. Ph.D.'s 0,90 0,93 4,17 4,49 Total all flows of funds 3,27 2,73 8,40 8,21 Ph.D. students 1,10 0,80 3,43 3,19

114 12.2 PROGRAMME DESIGN Objective Broadly defined, the research programme on Markets & Organizations aims to improve our understanding of the working of markets and organizations in capturing the economic benefits from collective action and to identify as well as evaluate (policy) interventions that may improve market or organizational performance. Motivation The field of Markets and Organizations is broad. Research within the programme is centered around three different but closely interrelated strands of research: (1) Industrial Organization, Competition Policy & Regulation, (2) Organizational Economics and (3) Economics of Entrepreneurship. The first line of research studies the working of imperfectly competitive markets, in particular how firms compete with each other on these markets and what the effects are of policy interventions aimed at affecting market performance. The natural focus is on oligopolies where firms have some market power. Topics of interest include (but are not restricted to) pricing strategies, (tacit) collusion, locational choice, research and development, inter-firm relationships, competition policy, market design, auctions, two-sided markets, network industries, regulatory design and enforcement tools (including detection, fines, leniency programs and settlement). Within economics organizations can be viewed as a means of achieving the benefits of collective action in situations where the price system fails. The second strand of research within M&O on Organizational Economics is concerned with studying the effective internal functioning of organizations in capturing these benefits. The key focus is on problems that may arise from coordinating and motivating the members of an organization to create economic value through superior organizational performance and to study potential remedies for these problems. The third line of research on the Economics of Entrepreneurship is concerned with studying the effective functioning of labor and financial markets in terms of entrepreneurship outcomes. Entrepreneurs are often credited (by policy makers and academics alike) with innovating new products, discovering new markets, and displacing aging incumbents in a process of creative destruction. Yet it is also recognized that if entrepreneurs face constraints in terms of human or financial capital, then these economic benefits might not be realized. This has prompted governments to devise public programs like entrepreneurship education or tax reliefs to encourage entrepreneurship. Our key focus is on studying (the determinants of) the choices, behavior and performance of entrepreneurs and on whether and how government policy may be effective in fostering entrepreneurship. Methods Within the M&O programme there is an emphasis on both sound empirical work and on applied theory. Empirical analyses primarily focus on the detection and measurement of unbiased effects, either through the use of naturally occurring field data (by means of quasi experiments and instrumental variables techniques), field experiments or laboratory experiments. Applied theory typically concerns using the tools from microeconomics and applied game theory to evaluate the impact of either government policy or organizational interventions intended to improve efficiency. Often these models are enriched by incorporating insights from behavioural economics, as empirical evidence has mounted that people do not always satisfy the rationality assumptions made in traditional economic models. Research within the M&O group is always done with a keen eye towards societal relevance, ranging from competition policy (e.g. what is the effect of leniency programs on cartel detection?), practical auction design in procurement, to the effectiveness of entrepreneurship education in stimulating entrepreneurial intentions. 112

115 Projects A wide variety of topics and questions are studied within the M&O research programme, which by and large can be divided along the three different lines of research outlined above. Each of these can be can be further subdivided into a number of different research projects. 1. Industrial Organization, Competition Policy & Regulation 1.1 Competition policy & Regulation Since 2005, group members have collected detailed price information on the Dutch market for retail gasoline. With these data, the competitive effects of the governmental program of auctioning licenses to operate gasoline sites at highways have been quantified. Currently, the data are used to develop an automated procedure to identify regional clusters of low price variation, an indicator of possible collusive practices. Other current empirical projects on competition policy deal with potential deterrence effects of merger policy tools, based on data from the U.S. Department of Justice and the U.S. Federal Trade Commission. Furthermore, group members investigate whether firms that collaborate in research joint ventures, use these collaborations to collude in product markets. In another project, a series of experiments is set up to study the relationship between competition, the size of a loss and firm profits in insurance markets. Also the impact of antitrust policy at large was investigated. This was done by further refining the methodologies to estimate price cost margins and by applying the methodology to data from the Indonesian economy. In addition to the nation-wide impact of the introduction of antitrust policy, also the change in the behaviour of targeted firms was investigated by a difference in difference method. 1.2 Research and development Research cooperation is key for businesses to successfully innovate and prosper, and firms increasingly rely on extensive networks to achieve their goals. It is, however, still poorly understood how these R&D cooperatives are formed, how they evolve, what their impact is on R&D activities, and what should constitute an optimal R&D policy. These questions drive several research lines. For instance, group members are developing a theoretical framework of research network formation. This framework is tested against a database that includes all large research collaborations in the U.S. Other group members work on dynamic models of R&D, the novelty being here the application of bifurcation methods. This allows for a global analysis, including (transitory) parameter configurations that preclude single-stage equilibria. Yet other group members assess the welfare implications of sustaining R&D cooperatives. Again, the fundamental trade-off between static and dynamic efficiency is addressed, giving additional insights as to what should constitute an optimal R&D-stimulating policy. 1.3 Auctions In the past few decades, the study of auctions has become one of the most active research areas in economic sciences. We aim at answering questions such as: How to prevent cartel formation in auctions? What is the effect of limited liability on bidding behaviour? How to design auctions of multiple objects? What are optimal mechanisms in quasi-markets such as welfare-to-work markets and health care markets? What is the effect of license auctions on the performance of markets? For example, groups members have studied experimentally the impact leniency programmes on the collusive properties of different auction types. Others have studied fundraising mechanisms on charitable giving in a door-to-door fundraising field experiment. The starting point here is that people are not purely selfish because if they were they would donate nothing to charity. 1.4 Economic analysis in competition cases Increasingly does economic analysis play a decisive role in competition law enforcement. In competition cases, economic arguments in market definition, for example in two-sided markets, the theory of harm, or an efficiency defense can be decisive in the finding of an infringement and de design of remedies. Since business strategies constantly evolve, the thinking about possible anticompetitive aspects of them is under constant development as well. Topics studies in this research focus range from quantifying the efficiency defense in merger control and the identification of abuse 113

116 of dominance strategies, to analyzing the effects of State aid remedies and the calculation of cartel damages. 2. Organizational Economics 2.1 Decision rights and internal organization A key feature of organizational architecture is the division of tasks and responsibilities within organizations: who does and decides on what? Employees lower in the organizational chart typically have better knowledge to take operational decisions, but at the same time have objectives that (may) differ from the interests of the firm. Within this project the tradeoffs that arise in delegating decision authority like a loss of control versus a loss of initiative are studied. The focus is in particular on behavioural biases that may affect these tradeoffs; especially when it comes to authority and monitoring non-monetary motives have been found to play a prominent role. Another topic concerns whether (procedural) preferences regarding the way in which decisions are taken affects how efficiently these taken decisions are subsequently implemented. 2.2 Performance measurement and reward systems A second set of projects within the domain of Organizational Economics is concerned with the design of good performance measures and of appropriate reward systems. Performance measures are for instance evaluated empirically in terms of their noise and their distortions. The research on reward systems focuses predominantly on (among other things) pay-for-performance contracts, career opportunities and promotions, returns to investments in skills acquisition and the interaction between explicit and implicit incentives. Also here a behavioural approach is typically taken, as people often care about how well they fare relative to others. 3. Economics of Entrepreneurship 3.1 The selection and performance of entrepreneurs Are entrepreneurs born or made? And if entrepreneurs can be nurtured, what are the (human capital) factors that enhance the likelihood of (successful) entrepreneurship? Moreover, nowadays the majority of entrepreneurial ventures are started up by teams, rather than by single individuals. What is the effective composition of teams with broad and complex tasks such as is the case for ventures? In our studies, we try to measure and understand the impact on selection and performance of, for instance, parental background, cognitive and non-cognitive skills, education, gender, ethnicity or role models for individuals and teams. Theories are tested empirically based on the results of quasi, field or laboratory experiments. 3.2 Evaluation of entrepreneurship programs Public policy has increasingly proposed and implemented programmes to encourage entrepreneurship. Most of these programmes are designed to decrease human and financial capital constraints. We aim at measuring the causal effect of these programmes, with a focus on entrepreneurship education, on the intended outcomes by using field experiments. 3.3 The behavioural traits of entrepreneurs This research aims to identify the defining behavioural traits of entrepreneurs and to establish to what extent these differ from managers. The relevant traits studied include, among other things, attitudes towards risk and losses, overconfidence, willingness to compete and willingness to cooperate in a team. Established entrepreneurs and managers participate in online incentivized tasks designed to measure the relevant traits. We are building a database of entrepreneurs and managers that can be approached for this purpose bi-annually. Moreover, also students in entrepreneurship and management are included, as to determine whether the potential differences we find between entrepreneurs and managers are born or made. 114

117 12.3 PROGRAMME EVALUATION Grega Smrkolj defended his Ph.D.-thesis in the Summer of 2013, which was written under the supervision of Jeroen Hinloopen (promoter). Sander Hoogendoorn defended his Ph.D.-thesis in the Spring of 2013, which was written under the supervision of Mirjam van Praag (promoter). Two researchers took up full professorships elsewhere (RUG, CBS). Strengths: The group has a very broad orientation, both in terms of the choice of research topics as in terms of methodologies used (theoretical/(lab/field)experimental/empirical). Group members are each other s complements, which regularly yields papers that are co-authored by several group members. The group is well-embedded in ASE and in Tinbergen Institute; group members thus have coauthored papers with members from other ASE research groups. The research performed by the group is very visible and of great practical importance. Group members have close links with governmental bodies such as ministries and antitrust agencies. The group is young, hosts highly qualified researchers, and has a high growth potential. Weaknesses: There is too little coherence in the broad research programme. The group is not prominent in the arena of theoretical industrial organization, except for the field of auction theory. Opportunities: Joint physical location to stimulate regional spillovers; cross-fertilization research fields; the creation of an O&M major at TI. Within Europe, the group has close contacts with research groups in industrial organization at other universities. The challenge is to establish a more formal network with these other departments in order to pool research projects and resources. Threats: Uncertain corporate governance by the faculty and the departure of excellent researchers. Group members have been requested to carry out heavy administrative duties. This may endanger the internal coherency of the research theme because of the reduced availability of these members. The group has a small-scale, with only a few PhD students and no postdocs; a viable research programme needs a continuous inflow and outflow of PhD students. Societal relevance Research by the group on the deterrence effects of merger policy tools and the effectiveness of leniency programs is directly relevant to competition agencies and governmental bodies such as the ACM. Besides, the group s empirical projects target specific markets the functioning of which is of major importance to social welfare, such as the banking sector, insurance markets, retail gasoline pricing and public procurement. For this reason, research by the group regularly features in national newspapers and international magazines. Group members also appear on television to contribute to the debate by commenting on the developments in specific markets and the effects of these on competition. Group members also participate it governmental expert committees and provide targeted advise for particular policy issues. For instance, Sander Onderstal advised the Ministry of Economic Affairs on the design of the auction for mobile telecommunications, and Jo Seldeslachts was a member of the expert committee Toekomst van toezicht of the Dutch Wetenschappelijke Raad voor het Regeringsbeleid (WRR) RESOURCES AND FUNDING Standard funding from TI and ASE-RI; ACLE receives additional funding directly from the FEB-Dean; Use CREED lab (excellent); Funding from research priority area Behavioural Economics. 115

118 12.5 OUTPUT Key publications Banal-Estañol, A., Heidhues, P., Nitsche, R. & Seldeslachts, J. (2010). Screening and Merger Activity. Journal of Industrial Economics, LVIII (4), Belot, M., Bhaskar, V. & Ven, J. v.d. (2012). Can Observers Predict Trustworthiness? Review of Economics and Statistics 94(1), Hinloopen, J. & Soetevent, A.R. (2008). Laboratory evidence on the effectiveness of corporate leniency programmes. RAND Journal of Economics, 39, No. 2 (Summer), Kuhn, P., Kooreman P., Soetevent, A.R. & Kapteyn, A. (2011). The Effects of Lottery Prizes on Winners and their Neighbors: Evidence from the Dutch Postcode Lottery. The American Economic Review, 101(5), Schram, A.J.H.C. & Onderstal, S. (2009). Bidding to Give: An Experimental Comparison of Auctions for Charity. International Economic Review 50, Forthcoming Buser T., Niederle, M. & Oosterbeek, H. Gender, Competitiveness and Career Choices. Quarterly Journal of Economics. Bremzen, A., Kokhlova, E., Suvorov, A. & Van de Ven, J. Bad News: An Experimental Study On The Informational Effects Of Rewards. Review of Economics and Statistics. Dijkstra, M. & Schinkel, M.P. (2014). High Mortgage Rates in the Low Country: What happened in the Spring of 2009? Forthcoming in the Journal of Competition Law and Economics. Duso, T., Roeller H. & Seldeslachts J. (2013). R&D Collaborations as a Collusive Tool: Empirical Evidence, Review of Economics and Statistics. Goossens, D., Onderstal, S., Spieksma, F. & Pijnacker, J. (2013). Combinatorial auction design for real-estate markets. Interfaces. Groot Ruiz, A. de, Offerman, T. & Onderstal, S. (2013). For those about to talk we salute you: an experimental study of credible deviations and ACDC. Experimental Economics. [B] Guerriero, C. (2013). Endogenous Legal Traditions and Economic Outcomes. Forthcoming Journal of Comparative Economics. Hinloopen, J., Mueller, W. & Normann, H.-T. (2013). Product bundling as a commitment device: experimental evidence European Economic Review. Hinloopen, J. &Wagenvoort, R. (2013). On the exact finite sample distribution of the L 1 FCvM test statistic, Communications in Statistics. Hinloopen, J. & Soetevent, A.R. (2013). Exploitation and induced tacit collusion: an experimental study of the adverse effects of corporate leniency programs, in Peitz, M. and Spiegel, Y. (eds.), Analysis of competition policy and sectoral regulation, Now Publishers. Larouche, P. & Schinkel, M.P. (2014). The Transatlantic Divide in the Treatment of Dominant Firms: Article 102 TFEU in contrast to Section 2 Sherman Act. Forthcoming in Roger D. Blair and D. Daniel Sokol (eds.), Oxford Handbook on International Antitrust Economics, Oxford, UK: Oxford University Press. Lindquist, M., Sol, J. & Van Praag, C.M. (2013). Why do Entrepreneurial Parents have Entrepreneurial Children?. Journal of Labor Economics. Millan, Congregado, Roman, Van Praag & Van Stel (2013). The value of an educated population for an individual's entrepreneurship success. Journal of Business Venturing. Sloof, R. & Van Praag, C.M. (2013), Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like EVA, Journal of Economics and Management Strategy. 116

119 Publications in numbers Markets & Organizations ) Articles a) refereed A 8 B 4 Other 0 12 b) non-refereed 0 c) professional 15 d) popular 0 2) Books or book chapters a) refereed A 0 B 0 Other 0 0 b) other 0 3) Proceedings 0 4) PhD theses 2 6) Working papers 9 Total 38 A B Article in journal refereed Clougherty J. & Seldeslachts J. (2013). The Deterrence Effects of US Merger Policy Instruments (with Joe Clougherty), Journal of Law, Economics and Organization 29, Delfgaauw, Josse, Robert Dur, Joeri Sol, and Willem Verbeke (2013). Tournament Incentives in the Field: Gender Differences in the Workplace. Journal of Labor Economics, Vol. 31(2), pp Goeree, J., Offerman, T. and R. Sloof (2013). Demand reduction and preemptive bidding in multi-unit license auctions, Experimental Economics 16, Guerriero, C. (2013). The Political Economy of Incentive Regulation: Theory and Evidence from US States. Journal of Comparative Economics, 41, (pp ). Hinloopen, Jeroen, Grega Smrkolj and Florian Wagener (2013). From mind to market: a global, dynamic analysis of R&D, 2013, Journal of Economic Dynamics and Control, 37(12), Hoogendoorn, S., Oosterbeek, H. & Van Praag, M. (2013). The impact of gender diversity on the performance of business teams: Evidence from a field experiment. Management Science, 59, Maximiano, S., Sloof, R. and J. Sonnemans (2013). Gift exchange and the separation of ownership and control, Games and Economic Behavior 77, Onderstal, A. M., A. J. H. C. Schram and Soetevent, A. R. (2013). Bidding to Give in the Field, Journal of Public Economics, 104, Clougherty J., Barros P. & Seldeslachts J. (2013) Europeanization of EU Member-State Competition Policy: The Commission s Leadership Role, International Review of Law and Economics 34, C.M. van Praag, A. van Witteloostuijn, J. van der Sluis (2013). The Higher Returns to Formal Education for Entrepreneurs versus Employees. Small Business Economics, 40, C.M. van Praag and A. van Stel (2013). The More Business Owners, the Merrier? The Role of Tertiary Education. Small Business Economics, 41(2), Rizzolli, M. & Saraceno, M. (2013). Better that ten guilty persons escape: punishment costs explain the standard of evidence. Public Choice 155( 3-4), pp

120 Article in journal professional Hinloopen, Jeroen (2013). I have good life now, Tijdschrift voor het Economisch Onderwijs, No. 6 (November): 45. Hinloopen, Jeroen and Roel Beetsma (2013). De economische crisis in context, 2013, Tijdschrift voor het Economisch Onderwijs, No. 6 (November): Hinloopen, Jeroen (2013). It s good if you re bad, it s bad if you re good, Tijdschrift voor het Economisch Onderwijs, No. 5 (September): 9. Hinloopen, Jeroen (2013). American dream, Tijdschrift voor het Economisch Onderwijs, No. 4 (juli): 5 Hinloopen, Jeroen (2013). Gevangen in dilemma s, Tijdschrift voor het Economisch Onderwijs, No. 3 (mei): 9 Hinloopen, Jeroen (2013). Sixteen new cars, Tijdschrift voor het Economisch Onderwijs, No. 2 (maart): 13 Hinloopen, Jeroen (2013). Transactiekosten, Tijdschrift voor het Economisch Onderwijs, No. 1 (januari): 9 Hinloopen, Jeroen (2013). De markt voor lesmethoden, Tijdschrift voor het Economisch Onderwijs, No. 1 (januari): Praag, C.M. van (2013). Niet meer multitasken, Economische Statistische Berichten 98 (4651), 11 januari Praag, C.M. van (2013). De schijn van onafhankelijkheid, Economische Statistische Berichten 98 (4656), 22 maart Praag, C.M. van (2013). Autonomie, Economische Statistische Berichten 98 (4661), 31 mei Praag, C.M. van (2013). Onwijs zelfstandigenbeleid, Economische Statistische Berichten 98 (4666), 16 augustus Praag, C.M. van (2013). Apenkolder, Economische Statistische Berichten 98 (4673), 22 november Schinkel, M.P. (2013). Gevraagd: Autoriteit met Rechtspersoonlijkheid, Markt & Mededinging, 16 (1), (pp. 9-12). Schinkel, M.P. (2013). Vraag v/d Week: Waarom betreden buitenlandse hypotheek-verstrekkers de Nederlandse markt nauwelijks?, Economisch Statistische Berichten, 22 (4654), (p. 128). Article in magazine or newspaper popular scientific Praag, C.M. van (2013). Interview Eigen baas zijn past in deze tijd, Libelle Nieuwscafé krant, nr 2, februari Praag, C.M. van (2013). Interview De passie voor onderzoek dat ertoe doet, ACE Jaarbeeld 1, april Praag, C.M. van (2013). Interview Een stap terug in functie én salaris, SER Magazine, maart Praag, C.M. van (2013). Interview Arbeidsmarktpositie allochtone jongeren, SER Magazine, april Praag, C.M. van (2013). Interview Commissaris nieuwe stijl, Elsevier Economie, 6 april Praag, C.M. van (2013). Interview Ambachtseconomie, SER Magazine, juni Praag, C.M. van (2013). Interview Ambachtseconomie, Trouw, 7 juni Praag, C.M. van (2013). Interview Koplopers, Opzij, Oktober Praag, C.M. van (2013). Interview in wetenschapsbijlage, Het Parool, 6/12/2013. Praag, C.M. van (2013). Interview Lieu de Memoire, Het Financieele Dagblad, 13/12/2013. Report academic Praag, C.M. van (2013) Canon Ondernemerschap, ACE Update (met Roy Thurik), januari

121 Report working- and discussion papers Belot, M. & Van de Ven, J. (2013), How Private is Private Information? The Ability to Spot Deception in an Economic Game, SSRN working paper ( Buser T. & A. Dreber (2013). The Flipside of Comparative Payment Schemes. Tinbergen Discussion Paper TI /I. Dalla Pellegrina, L.; Saraceno, M.; Suardi, M. (2013) Migration Policy: When an Emergency Rule Becomes the Rule Evidence from Italy. Baffi Center Research Paper No Available at: Dalla Pellegrina, L. & Saraceno, M.. (2013) Posted Workers: Complements or Substitutes for Local Employment? Empirical Evidence from the EU. Paolo Baffi Centre Research Paper No Available at: Dari-Mattiacci, G., & Guerriero, C. (2013). Endogenous Property Rights. ACLE Working Paper, Dijkstra, M. & Schinkel, M.P. (2013). Extra-Margins in ACM's Adjusted NMa Mortgage-Rate- Calculation Method Amsterdam Center for Law & Economics Working Paper No Guerriero, C. (2013). Endogenous Institutions and Economic Outcomes. ACLE Working Paper, Hinloopen, Jeroen and Stephen Martin (2013). Costly location in Hotelling duopoly. Tinbergen Institute Discussion Paper TI /VII. Larouche, P. & Schinkel, M.P. (2013). Continental Drift in the Treatment of Dominant Firms: Article 102 TFEU in Contrast to 2 Sherman Act. TILEC Discussion Paper No UvA Dissertation internally prepared Smrkolj, G. (2013, 27 June). Dynamic models of research and development. Universiteit van Amsterdam. [promotor prof. dr J. Hinloopen, copromotor dr ir F.O.O. Wagener] Hoogendoorn, S.M. (2013, 8 March). Diversity and Team Performance: A Series of Field Experiments, Tinbergen Institute #555 [promotor prof. dr. C.M. van Praag] Conference organiser Guerriero, C. (2013). Member of the program committee of the 17th ISNIE (International Society for New Institutional Economics) in Firenze. Praag, C.M. van (2013). Organizer of the Second Residence Week of Scholars in Entrepreneurship, Oxford, 8-14/07/13 (joint with Prof S. Estrin, LSE).V Praag, C.M. van (2013). Organizer of the First European Workshop on Entrepreneurship Economic, the 8 th Tinbergen Institute Conference, jointly with CEPR (coorganizer Roy Thurik), November 15-16, Hermitage, Amsterdam. Praag, C.M. van ( ). Organizer of the lecture/discussion series on Behavorial Economics in the AAC (Amsterdam Academic/Faculty Club), (joint with Prof J. Hartog). Praag, C.M. van ( ). Co-organizer of the ACE seminar series on entrepreneurship (external speakers, 6 per year) and the ACE mini workshops (internal speakers, twice per year) (joint with Elco van Burg, VU). Schinkel, M.P. (2013). Organiser and Chair 9 th Annual C&R Meeting The Public Interest-Defense in Cartel Offenses. University of Amsterdam, 12 December. Toth, L. (2013). Member of the organizing committee, 9 th ACLE Competition & Regulation Meeting: The Public Interest Defense in Cartel Offenses, 2013, 12 December, Amsterdam, The Netherlands. Recognition Guerriero, C. (2013) ACLE "Empirical Legal Studies" grant for the project "Formal and Informal Laws". Guerriero, C. (2013). EIEF Visiting Scholar

122 Dalla Pellegrina, L., Saraceno, M. & Suardi, M. (2013). Project Access to Justice for Disadvantaged People. ACLE Funding for Empirical Legal Studies. (January 2013, budget 500 euro). Migheli, M. & Saraceno, M. (2013). Project Credible Threat and Sense of Justice : An access to justice experiment. ACLE Funding for Empirical Legal Studies. (January 2013, budget 1000 euro). Media appearance Hinloopen, J. (2013). Interview academisch economie-onderwijs, Radio 1 Journaal, 05/11/2013. Praag, C.M. van (2013). "Reactie op European Entrepreneurship Act, BNR Nieuwsradio 09/01/2013. Praag, C.M. van (2013). Hoofdgast Zakendoen Met, BNR Nieuwsradio, 30/12/2013. Praag, C.M. van (2013). Interview Faillissementen en de rol van de curator, RTL Z Bedrijf in Beeld, 20 juni Praag, C.M. van (2013). Interview in Dit is de dag, Radio 1, 9/12/2013. Praag, C.M. van (2013). Interview, BNR Nieuwsradio, 9/12/2013. Schinkel, M.P. (2013). Various Commentaries and Interviews for Radio, TV and Printed Media, both nationally and internationally. Editorship Guerriero, C. (2013). Associate Editor, International Review of Law and Economics. Hinloopen, J. (2013). Associate Editor, Review of Industrial Organization. Soetevent, A. R. (2013). Associate Editor De Economist. Onderstal, S. Editor TPEdigitaal. Keynote/invited talk Buser T. (2013, April 2). Gender, Competitiveness and Career Choices. Seminar series on the Development and Utilization of Human Resources, Maastricht University. Guerriero, C. (2013) Endogenous Property Rights. Workshop on "Institutions and Economic Development," Maastricht University, Guerriero, C. (2013). Endogenous Property Rights (with G. Dari-Mattiacci). Italian Society of Law and Economics Annual Meeting, Università della Svizzera Italiana, Lugano, Switzerland, December Guerriero, C. (2013). Law and Culture. A theory of Comparative Variation (with G. Dari-Mattiacci). Ius Commune Congress, Workshop on Contract Law, Maastricht, November Guerriero, C. (2013). Endogenous Property Rights (with G. Dari-Mattiacci). Workshop on The Institutions of Property Rights, University of Bolzano, September 12. Guerriero, C. (2013). Organizer and chair of the special session on "Endogenous Property Rights." International Society for New Institutional Economics Annual Meeting, Session on Endogenous Property Rights, Florence, June Guerriero, C. (2013). Organizer and chair of the special session on "Culture." International Society for New Institutional Economics Annual Meeting, Florence, June Guerriero, C. (2013, September 12). Endogenous Property Rights (with G. Dari-Mattiacci). Workshop on The Institutions of Property Rights, University of Bolzano. Guerriero, C. (2013). Endogenous Property Rights. Petralia Workshop. Petralia, Italy. July 21. Guerriero, C. (2013). Endogenous Property Rights. EIEF (Einaudi Institute For Economic and Finance) seminar. Rome, Italy. November 21. Hinloopen, J. (2013, April 2014). Collusion Spillovers. Invited seminar: Purdue University. Hinloopen, J. (2013, October). Costly location in Hotelling duopoly. Invited seminar: European University Institute. Hinloopen, J. (2013, November). Insurance, risk aversion, and loss manipulation: an experiment. Invited seminar: Norwegian School of Economics. Onderstal, S. (2013, June 11). Going Once, Going Twice, Reported! Cartel Activity and the Effectiveness of Antitrust Policies in Experimental Auctions. Seminar, CPB. 120

123 Onderstal, S. (2013, June 25). Collusion and the Choice of Auction: An Experimental Study. Seminar, University of East Anglia. Onderstal, S. (2013, June 26). Collusion and the Choice of Auction: An Experimental Study. Seminar, University of Essex. Onderstal, S. (2013, July 14). Collusion and the Choice of Auction: An Experimental Study. ESA conference Zurich. Onderstal, S. (2013, August 31). Keeping Out Trojan Horses: Auctions and Bankruptcy in the Laboratory. EARIE conference Evora. Onderstal, S. (2013, December 11). Collusion and the Choice of Auction: An Experimental Study. Seminar, Goethe University Frankfurt am Main. Praag, C.M. van (2013) Invited Keynote Lecturer of The C.A.S.E. Distinguished Lecture Series of the Humboldt University of Berlin. (invited and hosted by Wolfgang Haerdle, Christian Schade and co-lecturer, Peter Thompson, Emory University). Theme: Causes and Consequences of Entrepreneurial Selection, January 2013 Praag, C.M. van (2013) Invited seminar Goethe University, Frankfurt, Germany, January 30 Why do Entrepreneurial Parents have Entrepreneurial Children?, (with Matthew Lindquist and Joeri Sol). Praag, C.M. van (2013) Invited seminar University of Bergen, Norway, February 8 Why do Entrepreneurial Parents have Entrepreneurial Children?, (with Matthew Lindquist and Joeri Sol). Praag, C.M. van (2013) Invited seminar Copenhagen Business School, Denmark, March 11 Why do Entrepreneurial Parents have Entrepreneurial Children?, (with Matthew Lindquist and Joeri Sol). Praag, C.M. van (2013) Invited seminar Aalborg University, Denmark, May 7 Ethnic diversity and team performance: a field experiment, (with Sander Hoogendoorn). Seldeslachts J. (2013, 26 January) Success and Failure in Strategic Alliances: Cooperation versus Coordination. Management Seminar, KU Leuven. Seldeslachts J. (2013, 7 July) What Clients Want: Choices between Lawyer s Offerings. IO Seminar, DIW, Berlin. Seldeslachts J. (2013, 4 October) The Deterrence Effects of EU Merger Policy. Policy Seminar, Directorate General of Competition, European Commission Seldeslachts J. (2013, 27 November) The Deterrence Effects of EU Merger Policy. Economics Seminar, University of Alicante Schinkel, M.P. (2013). Keynote Hollands Hoge Hypotheekrentes at the VEH-conference Samen Door op de woningmarkt, Media Plaza, Utrecht, The Netherlands, 15 January. Schinkel, M.P. (2013). CPB-seminar State-aided Price Coordination in Dutch Mortgage Banking, CPB, The Hague, The Netherlands, 17 January. Other lectures Buser T. (2013, January 16). The impact of exogenous income shocks on child health. Seminar, Vrije Universiteit Amsterdam. Buser T. (2013, March 7). On the income elasticity of religiousness. Seminar, UC San Diego. Buser T. (2013, August 24). Is there a partial biological basis for economic preferences? Evidence from research using proxies for underlying neurological differences. ABEE workshop, Amsterdam. Hinloopen, J. (2013). Collusion and the choice of auction: experimental evidence. EARIE, Evora, Portugal. Hinloopen J. (2013). Goning once, going twice, reported! Evidence on the effective of corporate leniency programs in experimental auctions. IIOC, Boston, USA. Onderstal, A.M. (2013, November 7). Grading on a curve Tournament incentives in the classroom. Tinbergen Institute. Onderstal, S. (2013, June 13). Zen en de Kunst van het Veilingontwerp. Academische Club. Onderstal, S. (2013, April 11). Keeping Out Trojan Horses: Auctions and Bankruptcy in the Laboratory. IMEBE conference Madrid. 121

124 Praag, C.M. van (2013). Invited Keynote Speaker at the Agentschap/EZ Stakeholdersbijeenkomst Onderwijs en Ondernemerschap, Utrecht Effecten van Onderwijs in Ondernemen op de Basisschool, January 29. Praag, C.M. van (2013). Invited Keynote Speaker at the DARE/Ministry of Economics Affairs Seminar: Entrepreneurship, Ondernemerschap ontmoet Beleid, Den Haag Together Everyone Achieves More, March 5. Praag, C.M. van (2013). Invited lunch speaker Rotary Amsterdam, March 19 Ondernemerschap, aangeboren of aangeleerd? Van Praag, CM (2013). SZW Congres Arbeidsverhoudingen in ontwikkeling, Den Haag, Invited Speaker Zelfstandigen en Sociale Zekerheid 25/03/13. Van Praag, CM (2013). SIRET Jaarcongres, Amsterdam. Keynote Speech Bedrijfsopvolging binnen of buiten Familieverband 13/09/13. Van Praag, CM (2013). VNO NCW (West) Ondernemersontbijt, Stedelijk Museum Amsterdam, Keynote Speech Ondernemerschap 22/10/13. Van Praag, CM (2013). RABO Directeurentraining Inspirerend Leiderschap, Amsterdam Intern ondernemerschap 13/11/13. Van Praag, CM (2013). RABO Ondernemersavond voor clienten, Schouwburg Amstelveen Keynote Speech De Ondernemer aan het Roer: Wie is dat en wat maakt hem of haar succesvol? 18/11/13. Praag, C.M. van (2013). VU UvA ACE Minisymposium, March 26 Ethnic diversity and team performance: a field experiment, (with Sander Hoogendoorn). Praag, C.M. van (2013). Institutions and the allocation of entrepreneurship, Workshop at Utrecht University co-organized by Lund University, April 19 th, discussant of Henrekson & Sanandaji Billionaire Entrepreneurs. Praag, C.M. van (2013). ACLE Spring Workshop, Amsterdam, May, 21, discussant of Thomsen & Hansmann The Performance of Foundation-Owned Companies. Praag, C.M. van (2013). DRUID Conference, ESADE Barcelona, June Ethnic diversity and team performance: a field experiment, (with Sander Hoogendoorn). Praag, C.M. van (2013). DRUID Conference, ESADE Barcelona, June discussant of Pek-Hooi Soh, Elicia Maine "How Do Entrepreneurs Effectuate in Decision Making? A Prospective Sensemaking Response to Uncertainty". Saraceno, M. (2013, December 9-10). Migration policy: An assessment on the North Africa emergency provisions. IES 2013 Annual Conference, Milan. Saraceno, M. (2013, December 12-13). Beliefs and precedent: The rise and fall of access to justice. SIDE-ISLE 2013 Annual Conference, Lugano. Saraceno, M. (2013, December 12-13). Migration policy: When an emergency rule becomes the rule. Evidence from Italy. SIDE-ISLE 2013 Annual Conference, Lugano. Saraceno, M. (2013, October 8). Justice and Judiciary: Access, Litigation, Settlement. Lecture for the Course Law and Economics, Law School University of Amsterdam. Saraceno, M. (2013, October 21). Justice: More Access, Less Costs. Law, Institutions and Economics in Nanterre. Paris (Paris-Nanterre). Saraceno, M. (2013, September 28-29). Migration policy: When an emergency rule becomes the rule. Evidence from Italy. Canadian Law and Economics Association (CLEA), Annual Conference 2013, Toronto. Saraceno, M. (2013, September 28-29). Justice: More Access, Less Costs. Canadian Law and Economics Association (CLEA), Annual Conference 2013, Toronto. Saraceno, M. (2013, June 13-14). Justice: More Access, Less Costs. German Law and Economics Association (GLEA), Annual Conference 2013, Bozen. Saraceno, M. (2013, June 27-28). Justice: More Access, Less Costs. Spanish Law and Economics Association (AEDE), Annual Conference, Granada. Saraceno, M. (2013, June 14). Justice: More Access, Less Costs. Economics, Law and Institutions I.U.S.S. Seminars, Pavia. Schinkel, M.P. (2013). Presentation State-aided Price Coordination in the Dutch Mortgage Market, College of Europe, Bruges, Belgium, 14 February. 122

125 Schinkel, M.P. (2013). Presentation on State-aided Price Coordination in the Dutch Mortgage Market, at the ERES Industry Seminar, The mortgage market s stranglehold on the housing market, University of Amsterdam, The Netherlands, 22 March. Schinkel, M.P. (2013). Contribution to Pitches for Policy in the session Autoriteit Consument of Markt (ACM) at the Markt & Mededingingsconferentie, De praktijk van het mededingingsrecht, Madurodam, The Hague, 14 May. Schinkel, M.P. (2013). Presentation The new Dutch Authority for Consumers & Markets (ACM) at the ESRC Centre for Competition Policy Annual Summer Conference on Institutions and Competition Policy, University of East-Anglia, Norwich, United Kingdom, 6-7 June. Schinkel, M.P. (2013). Discussant of Carles Estave Mosso (European Commission) on Antitrust Damages: the European Commission s proposal, Bruegel Competition Policy Lab, Brussels, Belgium, 20 June. Schinkel, M.P. (2013). Contribution on on-going research in Competition Law Enforcement in PhD workshop EU Competition Policy: Work in Progress, University of Utrecht, 10 July. Schinkel, M.P. (2013). Contribution to OECD roundtable on ex officio cartel investigations and the use of screens to detect cartels at the 119 th meeting of the Competition Committee, Paris, France, October. Schinkel, M.P. (2013). The new Dutch Authority for Consumers & Markets (ACM): Some Remarks. Conference The Reform of Competition and Regulatory Authorities in Europe, University of Barcelona, Spain, 5 December. Schinkel, M. P., Toth, L. & Tuinstra, J. (May, 2013). Discretionary Spending and Prioritizing in Government Agencies, 7 th Competition Law and Economics European Network PhD Workshop, Bergen, Norway. Schinkel, M. P., Toth, L. & Tuinstra, J. (July 10, 2013). Discretionary Spending and Prioritizing in Government Agencies, PhD Workshop EU Competition Policy: Work in Progress, University of Utrecht, Utrecht, The Netherlands. Schinkel, M. P., Toth, L. & Tuinstra, J. (March 26, 2013). Discretionary Spending and Prioritizing in Government Agencies, Internal Tinbergen Institute Ph.D. Lunch Seminar, Amsterdam, The Netherlands. Schinkel, M. P., Toth, L. & Tuinstra, J. (December 5, 2013). Discretionary Spending and Prioritizing in Government Agencies, The Reform of Competition and Regulatory Authorities in Europe Seminar, University of Barcelona, Barcelona, Spain. Schinkel, M. P., Toth, L. & Tuinstra, J. (May, 2013). Discretionary Spending and Prioritizing in Government Agencies, 8 th International Conference on Competition and Regulation, Competition and Regulation European Summer School and Conference, Corfu, Greece. Schinkel, M. P., Toth, L. & Tuinstra, J. (August-September, 2013). Discretionary Spending and Prioritizing in Government Agencies, 40 th Annual Conference of the European Association for Research in Industrial, Evora, Portugal. Schinkel, M.P. & Toth, L. (December, 2013). Public Goods as a Compensation in Cartel Offenses. 9 th ACLE Competition & Regulation Meeting: The Public Interest Defense in Cartel Offenses, 2013, 12 December, Amsterdam, The Netherlands. Seldeslachts J. (2013, 13 January). De Werking van Kartels. Lecture for Flemish Highschool Teachers. Seldeslachts J. (2013, May). How to Measure Deterrence? Lecture at the Competition and Innovation Summer School. Turkey. Seldeslachts J. (2013, November). Economics of Information, PhD. Lectures at Business Dept. KU Leuven. Sloof, R. (2013, November 12). Allocation of authority and project implementation: Do procedural concerns matter? Workshop presentation, Workshop on Incentives, Motivation and Cooperation, University of Stavanger, Stavanger, Norway. Sloof, R. (2013, March 16). Discrimination in the labor market: The curse of competition between workers, Workshop presentation, European Workshop on Experimental and Behavioral Economics (EWEBE), Goethe University, Frankfurt am Main, Germany. Sloof, R. (2013, January 8). Fostering cooperation through the enhancement of own vulnerability, Seminar presentation, University of Cologne, Germany. 123

126 Zhou, L. (September, 2013). Insuring product market. Annual Conference of the European Association for Research in Industrial Organization, Evora, Portugal. Membership academies Buser T. (2013). Tinbergen Institute Research Fellow. Dominguez S (2013). Junior fellow, Tinbergen Institute. Guerriero, C. (2013). Invited external member promotion committee of Francisco Gomez Martinez. Promotor: Dr. Benoit Crutzen. Erasmus University Rotterdam. Defense date: August 28, Guerriero, C. (2013). Research Fellow, Duisenberg School of Finance. Hinloopen (2001 -). Research Fellow Tinbergen Institute. Hinloopen, J. (2013). Member of the Program Committee for the Annual Conference of the International Industrial Organization Society (IIOC). Praag, C.M. van (2003-). Research Fellow Tinbergen Institute. Praag, C.M. van (2005-). Research Fellow IZA Institute for Labour Market Research, Bonn. Praag, C.M. van (2010-). Member of the Koninklijke Hollandsche Maatschappij der Wetenschappen. Praag, C.M. van (2013). Member of the PhD Defense committee of Jens Skogstrøm, Oslo University Title: A Fresh Start: Four Essays on Entrepreneurship. Defense date: June 3, Praag, C.M. van (2013). Member of the PhD Defense committee of Mathijs van der Loos, Erasmus University Rotterdam, Title: Molecular Genetics and Hormons: New Frontiers in Entrepreneurship Research. Supervisors R. Thurik and Groenen and Hofman. Defense date: June 20, Praag, C.M. van (2013). Member of the PhD Defense committee of Coen Rigtering, Utrecht University, Title: Entrepreneurial Orientation: Multilevel Analyses and Consequences. Supervisors S Kraus and Erik Stam. Defense date: October 11, Praag, C.M. van (2013). Member of the PhD Defense committee of Jeroen Maas, VU University Amsterdam, supervisor J. Bunders, Title: Transitions to social entrepreneurship. Defense date: November 15, Praag, C.M. van (2013.) Member of the PhD Defense committee of Marie Lalanne, Université Toulouse 1 Capitole, U.F.R de Sciences Economiques, supervisor Paul Seabright, Title: Essays on the economics of social networks and gender. Defense date: December 9, Relevant position Buser T. (2013). Referee for: American Economic Review, American Economic Journal: Applied Economics, Management Science, Games and Economic Behavior, Experimental Economics. Guerriero, C. (2013). Referee for BE Journal of Theoretical Economics, Journal of Comparative Economics, Quarterly Journal of Political Science. Hinloopen, J. (2013). Referee for: BE Journal of Theoretical Economics, Economics of Governance, Games, Games & Economic Behavior, International Journal of Industrial Organization, Journal of Economics, Journal of International Trade & Development Economics, Journal of Law, Economics and Organization, Journal of Regional Science, Regional Science, The Manchester School. Onderstal, S. (2013). Referee for: B.E. Journal of Theoretical Economics, Economic Inquiry, Economic Journal, Economics Bulletin, Experimental Economics, Games and Economic Behavior, Journal of Economic Behavior and Organization, Journal of Public Economics. Sloof, R., (2013). Referee for: Economic Inquiry, Economic Journal, European Journal of Law and Economics, European Economic Review, International Economic Review, International Review of Law and Economics, Games and Economic Behavior, Journal of Economic Behavior and Organization, Journal of Economic Theory. Public Choice. Van de Ven, J. (2013). Referee for: Economic Journal, Journal of Public Economics, Journal of Law, Economics & Organization, European Economic Review, Journal of Economic Behavior & Organization, RAND Journal of Economics, Journal of Economics & Management. 124

127 Praag, C.M. van (2013). Referee for: PNAS Proceedings of the National Academy of Sciences, Economic Journal, Management Science, Quarterly Journal of Economics, Journal of Business Venturing, Journal of Labor Economics, Small Business Economics, Entrepreneurship Theory & Practice, World Development, Labour Economics, International Journal of Industrial Organization, Journal of Human Resources. 125

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129 13. SEO ECONOMIC RESEARCH Subprogrammes: Programme director: METIS-code: JEL-classification: Website: Labour & Education Health Care & Social Security Competition & Regulation SEO Aviation Economics Market & State Prof. dr. B.E. Baarsma uva/feb/ase/seo I, J, L, Q, R MEMBERS OF THE RESEARCH GROUP AND RESEARCH IN FTES Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Scientific Staff SEO Baarsma, B.E. dr. oz 1,00 1,00 1,00 1,00 3 Koopmans, C.C. prof. dr. hgl - - 0,80 0,80 3 Theeuwes, J.J.M. prof. dr. hgl 0,53 0,53 0,48-3 Market & State Buiren, K.B. van drs. oz 0,33 1,00 1,00 1,00 3 Compernolle, P. drs. oz ,70 3 Gerritsen, M. drs. oz 0,14 0,95 1,00 1,00 3 Leussink, L. msc oz - 0,08 1,00 0,20 3 Smits, T.C. msc oz ,50 3 Voort, J. van der msc oz - 1,00 0,95 1,00 3 Competition & Regulation Akker, I.J. MA oz 0,79 0, Gerritsen, M. drs. oz Hof, B.J.F. drs. oz - - 0,95 0,84 3 Kerste, M.W.M. drs. oz 1,00 1,00 1,00 1,00 3 Kocsis, V. dr. oz - - 0,63 0,74 3 Noll, R. van der dr. oz 1,00 1,00 1,00 0,95 3 Poort, J. drs. oz 1,00 0, Rosenboom, N. msc oz 0,39 1,00 0,88 1,00 3 Rougour, W. msc oz ,75 3 Tieben, L.A.W. drs. oz 0,84 0,92 1,00 1,00 3 Weda, J.N.T. drs. oz 1,00 1,00 1,00 1,00 3 Labour & Education Berg, E. van den drs. oz 1,00 1,00 1,00 1,00 3 Berkhout, E.E. drs. oz 1,00 1,00 1,00 1,00 3 Bisschop, P. msc oz - - 1,00 1,00 3 Graaf, D. de drs. oz 0,80 0, Heyma, A.O.J. dr. oz 1,00 1,00 1,00 1,00 3 Mulder, J. drs. oz - 0,04 0,84 0,

130 Name Title Function Total 2010 Total 2011 Total 2012 Total 2013 Funding Pass, J. msc oz - 0, Prins, J. msc oz - 1,00 1,00 1,00 3 Smid, Th. msc oz 0,98 0, Volkerink, M.D. msc oz 1,00 1,00 1,00 1,00 3 Werff, S.G. van der msc oz 1,00 1,00 1,00 1,00 3 Health Care & Social Security Berden, C.B. dr. oz 1,00 1,00 0,89 0,84 3 Hop, P.J. oz 0, Houkes-Hommes, A.R.B.J drs. oz 0,84 0, Kerkhofs, M. dr. oz 0, Kok, L.M. drs. oz 0,84 0,84 0,84 0,84 3 Lammers, M. msc oz - 0,17 1,00 1,00 3 Scholte, R.S. drs. oz - - 0,33 1,00 3 Tempelman, D.C.G. drs. oz 0,98 0,95 0,87 0,95 3 Cost-Benefit & Business Berg, M. van den drs. oz 0,56 1, Dosker, R. drs. oz 1,00 0, Koopmans, C.C. prof. dr. hgl 0,80 0, Koutstaal, P. drs. oz - 0, Nooij, M. de drs. oz 0,68 0, Risseeuw, P.R. drs. oz 1,00 0, Tewes, F.W. drs. oz 0, Willebrands, D. msc oz 0,74 0, SEO Aviation Economics Burghouwt, G. dr. oz 1,00 1,00 1,00 1,00 3 Kempen, T. drs. oz 0,14 0,48 0,48 0,39 3 Krul, J. drs. oz - 0,07 0,18 0,18 3 Lieshout, R.B.T. drs. oz 1,00 1,00 1,00 1,00 3 Veldhuis, J.G. drs. oz 0,80 0,80 0,80 0,60 3 Wit, J. de prof drs hgl 0, Yilmaz, H. drs. oz 0, Zuidberg, J. msc oz 1,00 1,00 1,00 1,00 3 Total 1st flow of funds 0,00 0,00 0,00 0,00 Total 2nd flow of funds 0,00 0,00 0,00 0,00 Total 3rd flow of funds 28,88 20,85 28,92 30,12 Total 1st f.o.f. excl. Ph.D.'s 0,00 0,00 0,00 0,00 Total all flows of funds 28,88 20,85 28,92 30,12 Ph.D. students 0,00 0,00 0,00 0, PROGRAMME DESIGN SEO Economic Research was founded in 1949, as a research institute of the Faculty of Economics at the University of Amsterdam, to encourage applied research. Since the 1980s it has been financially independent from the university, while retaining close links with the academic community. SEO carries out contract research for ministries and public organizations, private companies and nonprofit institutions, nationally and internationally. SEO distinguishes itself from commercial research 128

131 bureau s by its analytical approach. Modern economic analysis is applied to practical issues. Empirical questions are tackled with the econometrics toolkit. SEO is not linked to vested interests or political parties and research questions are approached with an independent scientific mindset. SEO Economic Research is a medium-sized horizontal organisation. It has an academic staff of about 40 economists and econometrists. When a research question has multiple dimensions SEO can call upon specialists from other disciplines often from within the University of Amsterdam - such as the Amsterdam Institute for Advanced Labour Studies (AIAS) and the Institute for Information Law (IViR). Structure SEO Economic Research consists of five research groups or sections organised along fields of economic research. A first section is Labour & Education which specialises in labour market, labour market policy, schooling and training research. Research topics deal with employability, transition from school to work, temporary work, re-integration and exit from unemployment, wage differentials, employment benefits, migration, schooling and work and the evaluation of educational policies. The section Health Care & Social Security analyses developments in healthcare and social security, with research often shaped by the highly regulated nature of these two sectors. This section specialises among others in market analyses, effectiveness and cost-benefit studies and budgeting and costing systems. Research in the section Competition & Regulation concentrates on the design, analysis and evaluation of competition and government intervention. The section deals with issues related to the structure, conduct and performance of markets and sectors, regulation and deregulation, economic aspects of cartels, mergers, market dominance and other topics in the field of competition. It assesses new or established regulations and policy from the perspective of law and economics. SEO Aviation Economics is a section specializing in aviation economics. It advises governments, airlines, airports, financial institutions and other interested parties on the economic issues related to aviation. Aviation Economics activities include operations research, econometric analyses and forecasting, feasibility studies and research into competition and market issues, as well as work in transport and regional economics. The Market & State section specialises in the economic analysis of state aid and public tenders. Economic organization and the boundaries between public and private economic activity are other issues that are dealt with in this section. Organisation SEO Economic Research is governed by a six-member Executive Board. Day-to-day policy is in the hands of the general director and the management team, which consists of the director and the section heads. SEO Economic Research also has an Advisory Board which meets yearly to review its research programme PROGRAMME EVALUATION Academic publications by researchers at SEO Economic Research are often a spin-off from contract research which is SEO s core activity. This year 17 articles were published in refereed journals or refereed books. The number of non-refereed academic publications was substantial. In 2013 SEO researchers published 70 commissioned reports and 158 other publication such as popular publications and newspaper articles. 129

132 13.4 RESOURCES AND FUNDING SEO Economic Research has set up an internal fund for scientific research (WEO) which allots time to researchers working at SEO and which enables them to prepare papers for scientific publications and to participate in economic conferences. This fund has also a provision to finance time spend on preparing a doctoral dissertation and to participate in (international) economic conferences. Researchers at SEO Economic Research publish regularly in national and international professional journals. Only by publishing and lecturing, a research institute stays alert and keeps abreast of the newest developments in applied economic research. Core activity is contract research and the majority of research funding originates from contract parties. SEO holds an NEN-EN ISO 9001:2008 quality certificate for Applied Economic Research and Consulting OUTPUT Key publications Aalbers, R., Shestalova, V. & Kocsis, V. (2013). Innovation policy for directing technical change in the power sector. Energy Policy, 63, [B] Atlamaz, M., Berden, C., Peters, H. & Vermeulen, D. (2011). Non-cooperative solutions for estate division problems. Games and Economic Behavior, 73, (1), [A] Baarsma, B.E., Kemp, R.G.M., Noll, R. van der & Seldeslachts, J. (2012). Let s Not Stick Together: Anticipation of Cartel and Merger Control in The Netherlands. De Economist, 160, (4), [B] Baarsma, B.E. (2011). Rewriting European competition law from an economic perspective. European Competition Journal, 7, (3), Burghouwt, G., Poort, J. & Ritsema, H. (2013). De markt voor luchtvrachtgrondafhandeling op Schiphol en de lessen voor het Europese beleid. Tijdschrift Vervoerswetenschap,49, (2), Ewijk, C. van & Volkerink, M. (2012). Will Ageing Lead to a Higher Real Exchange Rate for the Netherlands? De Economist, 160, (1), [B] Lammers, M., Bloemen, H. & Hochguertel, S. (2013). Job search requirements for older unemployed: Transitions to employment, early retirement and disability benefits. European Economic Review, 58, [A] Forthcoming Burghouwt, G. (2013). Specialization patterns in European Multi-hub networks an exploratory analysis. Journal of Air Transport Management Burghouwt, G., & Dobruszkes, F. (2013). The (mis)fortunes of exceeding a small local air market: Comparing Amsterdam and Brussels. TESG Journal of Economic Geography. Kok, L., Berden, C. & Sadiraj, K. (2013) Costs and benefits of home care for the elderly versus residential care: a comparison using propensity scores. The European Journal of Health Economics. Poort, J., Akker, I., Rutten, P., Weda, J. (2013). Perspectives of creators and performers on the digital era. New Media & Society. Published online 21 November Suau Sanchez, P., G. Burghouwt, G. & Pallares, M. (2013). An appraisal of the CORINE land cover database in an airport catchment area analysis using a GIS approach. Journal of Air Transport Management. 130

133 Publications in numbers SEO ) Articles a) refereed A 1 B 1 Other b) non-refereed 0 c) professional 21 d) popular 0 2) Books or book chapters a) refereed A 0 B 2 Other 0 2 b) other 5 3) Proceedings 0 4) PhD theses 0 6) Working papers 10 Total 51 Article in journal refereed A Lammers, M., Bloemen, H. & Hochguertel, S. (2013). Job search requirements for older unemployed: Transitions to employment, early retirement and disability benefits. European Economic Review, 58, B Aalbers, R., Shestalova, V. & Kocsis, V. (2013). Innovation policy for directing technical change in the power sector. Energy Policy, 63, Other Asseldonk, M.A.P.M. van, Prins, J. & Bergevoet, R.H.M. (2013). Economic assessment of Q fever in the Netherlands. Preventive Veterinary Medicine, 112, (1-2), Baarsma, B.E. (2013). Marktordening en het CPB van Coen Teulings. TPEdigitaal, 7 (2), Baarsma, B.E. & Lückerath-Rovers, M. (2013). Governance. Tijdschrift voor Toezicht, 4(1), 3-6. Baarsma, B.E. (2013). Over verwatering en politisering van het mededingingstoezicht. RegelMaat, 28, (2), Burghouwt, G. & Redondi, R. (2013). Connectivity in air transport networks: an assessment of models and applications. Journal of Transport Economics and Policy, 47, (1), Essen, H. & Baarsma, B.E. (2013). Geschiktheidstoets voor toezichthouders bij woningcorporaties is geen goed idee. Tijdschrift voor Toezicht, 4, (1), Heyma, A. & Theeuwes, J. (2013). Marktfalen op de markt voor flexibele arbeid. TPEdigitaal, 7, (4), Koopmans, C. (2013). Kosten-batenanalyse onder Teulings. TPEdigitaal, 7, (2), Kok, L., Heyma, A. & Lammers, M. (2013). Verlaag kosten loondoorbetaling voor kleine bedrijven. TPEdigitaal, 7, (3), Koopmans, C., Groot, W., Warffemius, P., Annema, J.A. & Hoogendoorn-Lanser, S. (2013). Measuring Generalised Transport Costs as an Indicator of Accessibility Changes over Time. Transport Policy, 29, (C) Nooij, M. de, Berg, M. van den & Koopmans, C. (2013). Bread or games? A social cost-benefit analysis of the World Cup bid of the Netherlands and the winning Russian bid. Journal of Sports Economics, 14, (5),

134 Article in journal professional Baarsma, B.E. (2013). Curatoren. Economisch Statistische Berichten, 98, (4660), 317. Baarsma, B.E. (2013, 12 July). Onderwijscao staat vernieuwing in de weg. Economisch Statistische Berichten, 98, (4664 & 4665), 437. Baarsma, B.E. (2013, 8 March). Het lot in eigen handen. Economisch Statistische Berichten, 98, (4655), 143. Baarsma, B.E. & Noll, R., van der (2013). Krantennieuws. Economisch Statistische Berichten, 98, (4673), 711. Baarsma, B.E. & Kerste, M. (2013, februari). Economen aan het woord: Nut en Noodzaak winstuitkering in de zorg, Headline, nr. 131, p. 7. Baarsma, B.E. & Kerste, M. (2013, February). Winstuitkering binnen de zorg moet mogelijk zijn zonder enige beperking. Headline, (131), 6-8. Berden, C. (2013, 8 March). Logopedie bij spraak- en taalstoornissen. Economische Statistische Berichten, 98, (4655), 145. Berden, C. (2013, 30 August). Learn2Work versus regulier re-integratietraject. Economische Statistische Berichten, 98, (4667), 145. Blom, M. & Tieben, B. (2013). Bouwen en banen: Werkgelegenheidseffecten van energiebesparing in de gebouwde omgeving. Nieuwsbrief Milieu en Economie. Daniels, B & Tieben, B. (2012). Kosten en baten van forse reductie broeikasgassen. Milieu, 18, (8), Graaf, D. de & Berg, E. van den (2013). Binnen een hbo-bachelor zijn Ad-programma s op hun plek. TH&MA, (2), Hof, B., & Rougoor, W. (2013). Bedrijfsverplaatsing: een probleem? Over.Werk. Tijdschrift van het Steunpunt WSE, 23(2), Leuven: Steunpunt Werk en Sociale Economie / Uitgeverij Acco. Kerste, M., Baarsma, B., Weda, J. & Weyzig, F. (2013, 30 August). Dividendbelasting brievenbusfirma s. Economische Statistische Berichten, 98, (4667), Kok, L., Heyma, A. & Lammers, M. (2013, 26 June). Maatwerk gevraagd in doorbetaling zieke werknemers. Me Judice. Noll, R. van der & Baarsma, B. (2013, June). Is misbruik machtspositie een blinde vlek in het Nederlandse mededingingstoezicht? Tijdschrift Mededingingsrecht in de Praktijk, Rosenboom, N. (2013, 8 March). Wat hebben we te veel betaald voor onze televisies? Vraag van de week aan Nicole Rosenboom. Economisch Statistische Berichten, 98, (4655) 143. Scholte, R. (2013, 30 August). The interplay between early-life conditions, major events and health later in life. Economisch Statistische Berichten, 98, (4667), 532. Tieben, B. (2013, 13 June). Niets doen maakt duurzame energie niet goedkoper. Me Judice. Tieben, B. & Rosenboom, N. (2013, 13 December). De suiker wordt duur betaald. Economische Statistische Berichten, 98 (4674&4675), 761. Zuidberg, J. (2013, 25 October). De operationele kosten van vliegmaatschappijen. Economisch Statistische Berichten, 98, (4671), 647. Internet article professional Burghouwt, G. (2013, 12 June). Guillaume Burghout over het dilemma van de luchtvaart. Me Judice. Article in magazine or newspaper popular scientific Alphen, A., van. & Hoogeveen, H. (2013, 8 October).Ook als je geen econoom bent, kun je van de baten monumenten en cultureel erfgoed ervaren. Monumenten, 34, (10) Baarsma, B. & Prast, H. (2013, 25 May). 65 plusser kan toe zonder korting. Trouw, 26. Baarsma, B. & Rosenboom, N. (2013, 28 January). Cafébaas zit wel degelijk in wurggreep van brouwer. Het Financieele Dagblad, 7. Bogaarts, R. (2013, 23 November). Lieu de memoires: Als puber wilde ik weg uit Middelharnis. Het Financieele Dagblad,

135 Brasser, B. (2013, 28 August). Oplossingen korte termijn helpen niet. Interview met B. Baarsma. Metro, 2. Cohen, M. (2013, 30 March). De beste in zijn vak: naar welke econoom moet u luisteren; Stop met op de pof leven. Vrij Nederland, 74, (13), 25. Compernolle, P. (2013, 2 July). KIT loskoppelen is een belangrijke stap. Het Parool. Delaere, M. (2013, 21 June). 6 of 7 miljard bezuinigen is echt politiek gedoe Interview met B. Baarsma. Binnenlands Bestuur, Hermanides, E. (2013, 24 June). `Veel sociale huur is asociaal Interview met B. Baarsma. Het Parool, Jorritsma, E. (2013, 12 April). Dit kabinet was dapper, nu laten ze het liggen. Interview met B. Baarsma. NRC Handelsblad, 6. Kok, L., Heyma, A. & Lammers, M. (2013, 13 February). Herzie doorbetalen loon bij ziekte. Het Financieele Dagblad, 9. Kok, L. & Lammers, M. (2013, 18 December). Behandel pensioen en ander vermogen gelijk bij vaststellen eigen bijdrage. Het Financieele Dagblad, 10. Roosendaal, M.T. (16 March). Door zure appel heen. TV-econoom schuwt niet tegen heilige huisjes te trappen. Interview met B. Baarsma. De Telegraaf, TA6. Ruhaak, S. (2013, 5 March). Interview Koert van Buiren over marktwerking in OV. Baas ondernemersmagazine. Schmidt, C. (2013, 2 February). Herstel van de vastgoedmarkt cruciaal voor afwikkeling. B. Baarsma over de nationalisatie van SNS. Trouw, 4. Schravesande, F. (2013, 21 February). NRC checkt: Bij de overheid krijgen mensen zoveel betaald als iedereen in de bijstand. E. Berkhout over salarissen in de publieke sector. NRC Next, 11. Sevil, M. & Karman, J. (2012, 16 January). We zijn met z n allen verwend geraakt. B. Baarsma over de bezuinigingen in de zorg. Parool. Stabenow, M. (2013, 11 February). Amsterdam träumt vom dritten goldenen Zeitalter. B. Baarsma over Amsterdam. Frankurter Allgemeine Zetiung, 23. Stabenow, M. (2013, 13 March). Länderbericht Niederlande: Auf Bewärung. B. Baarsma over de Nederlandse economie. Frankurter Allgemeine Zetiung, 20. Tieben, B. (2013, 25 October). Gat tussen kosten en baten van sluiting oude kolencentrales kan eenvoudig worden gedicht. Het Financieel Dagblad, 10. Troost, N. (2013, 14 May). Vaklieden lekken weg na opleiding.volkskrant Troost, N. (2013, 9 February). Als je werk niet meer lekker loopt, kan demotie de oplossing zijn. A. Heyma over demotie. De Volkskrant, 23. Troost, N. (2013, 22 February). Werkloosheid loopt op tot 7,5 procent. Hoe komen we uit de crisis? B. Baarsma over maatregelen om de opgelopen werkloosheid tegen te gaan. De Volkskrant, 6-7. Unen, K. van (2013, 20 April). Van de week Barbara Baarsma. B. Baarsma over een college in Club Air voor de Universiteit van Nederland. Parool, 6. Visser, Q. (2013, 20 February). Keukentafelgesprek over de baan die er niet is. A. Heyma over crisis en werkloosheid. Trouw De Verdieping, 17. Vos, A., de (2013, September). Special report: We hebben het grijze gebied geïdentificeerd. B. Baarsma over het voorkomen van belastingontwijking. Orde,, (3), Vries, M., de (2013, 27 June). Lerarensalarissen slecht? Ernest Berkhout over de lerarensalarissen van de Nederlandse leraren. Waard, P. de (2013, 12 June). Ik geef geen oordeel, ik geef de cijfers B. Baarsma over het SEO onderzoek naar brievenbusfirma s. De Volkskrant, 8-9. Waard, P. de (2013, 14 June). Is slavenhandel ook verdedigbaar? B. Baarsma over het SEO onderzoek naar brievenbusfirma s. De Volkskrant, 19. Weezel, T.G. van (2013, 26 June). Krijgt Diederik Samson het geld weer aan het rollen? B. Baarsma over de oproep van Diederik Samson om meer geld uit te geven. De Volkskrant, 8-9. Werf, M. van der (2013, 5 July). Studeren op banenkansen. E. Berkhout over de kansen op banen voor afgestudeerden. AD/Utrechts Nieuwsblad, 20. Wiebes, H. (2013, 8 mei 2013). Als je leuk vindt wat je doet dan straal je dat uit, dan trek je positieve dingen aan; Ik heb heel vaak nee gezegd. Interview met B. Baarsma. Intermediair. 133

136 Wijsman, A. (2013, 1 February). Bright booming Barbara. Interview met B. Baarsma. Vrij. Zandvliet, A. (2013, July/August). SER-rapport bevat niets wat je zelf niet kunt bedenken. Interview met B. Baarsma. Transfer, Zuidberg, J. & Burghouwt, G. (2013, June).Going east: Rek is er in China nog lang niet uit. Luchtvaartnieuws Magazine, 10, 4. B Book / book chapter refereed Praag, B.M.S. van & Baarsma, B.E. (2013). Using Happiness Surveys to Value Intangibles: The Case of Airport Noise. In: B.S. Frey & A. Stutzer (eds.), Recent Developments in the Economics of Happiness, pp Edward Elgar Publishing, Elgar Research Collection, Cheltenham & Northampton. Lieshout, R., & Burghouwt, G. (2013). Airline competition in connecting markets. In: Niemeier et al. (eds), Liberalization in Aviation. Ashgate Publishing, Aldershot. Book / book chapter professional Heyma, A. & Werff, S., van der (2013). Lagere doorstroom van flex naar vast: conjuctuur of trend? In: R. van Gaalen, A. Goudswaard, J. Sanders & W. Smits (redactie). Dynamiek op de Nederlandse arbeidsmarkt. De rocus op flexibilisering. Pp Den Haag/Heerlen: CBS. Hof, B., Kerste, M. & Jong, Abe. De. (2013). De Nederlandse corporate governance code en monitoring: meer of minder overheid?. In: Prof. Dr. M. Lückerath-Rovers, prof. Mr. Barbara Bier, prof. dr. Hans van Ees, prof. Dr. Muel Kaptein (redactie), Jaarboek Corporate Governance ( blz, ), Uitgeverij Kluwer, Deventer. Koopmans, C. & Rietveld, P. (2013). Long-term impacts of mega-projects: the discount rate. In: Priemus, H. & Van Wee, B. International Handbook on Mega-Projects. Edward Elgar Publishing, Cheltenham. Theeuwes, J. en A. Heyma (2013). Marktfalen op de markt voor flexibele arbeid. In: Flexibiliteit en zekerheid op een dynamische arbeidsmarkt. De balans in beweging. Den Haag: Ministerie van SZW. Book / book chapter popular scientific Baarsma, B. (2013). L homme n est rien d autre que ce qu il se fait. In: M. Huibregtsen (red.), Meer waarde 26 topondernemers over maatschappelijk actief ondernemen. (pp ), Prometheus/Bert Bakker, Amsterdam. Report professional Baarsma, B. (2012). Ontwikkelingen in het mededingingstoezicht. SEO-rapport, Amsterdam: SEO. Baarsma, B. (2012). Reken je niet rijk. SEO-rapport, Amsterdam: SEO. Baarsma, B. & Prins, J. (2013). Ontwikkeling tarieven tolken en vertalers in het publieke domein. SEO-rapport, Amsterdam: SEO. Baarsma, B. & Rosenboom, N. (2012). Naar concurrentie op de tap. SEO-rapport, Amsterdam: SEO. Baarsma, B. & Rosenboom, N. (2013). Oneerlijke handelspraktijken - Voeldoet bestaande (zelf)regulering? SEO-rapport, Amsterdam: SEO. Baarsma, B., Rougoor, W. & Noll, R., van der. (2013). Nieuws en markt: Welvaartseconomische analyse van de rol van de overheid. SEO-rapport, Amsterdam: SEO. Berden, C. & Kok, L. (2013). Solidair of Solitair?, Resultaten van enquete onder werkenden. SEOrapport

137 Berden, C. & Kok, L. (2013). De waarde van Kies nu voor kinderen. SEO-rapport, Amsterdam: SEO. Berden, C. & Kok, L. (2013). De waarde van leerwerkproject Learn2Work. SEO-rapport, Amsterdam: SEO. Berkhout, E., Bisschop, P. & Volkerink, M. (2013). Technici: mobiel en toch honkvast. SEO-rapport, Amsterdam: SEO. Berkhout, E., Heyma, A., Prins, J., Buis, J(Randstad Holding). 2013, Yearly Report on Flexible Labor and Employment. SEO-Rapport Amsterdam: SEO Economisch Onderzoek. Berkhout, E. & Prins, J. (2013). Arbeidsmarktpositie van jonge fiscalisten. SEO-rapport, Amsterdam: SEO. Berkhout, E., Prins, J. & Werff, S. van der (2013). Studie & Werk SEO-rapport, Amsterdam: SEO. Bisschop, P., Mulder, J., Middelburg, M.J. & Letschert, R.M. (2013). Personenschade en de Wet tegemoedkoming schade bij rampen. SEO-rapport, Amsterdam: SEO. Buiren, K. van, Gerritsen, M. & Voort, J. van der (2013). Toezien op de rekening van toezicht. SEOrapport, Amsterdam: SEO. Buiren, K.H.S., & Gent, C., van. (2013). SEO-rapport Amsterdam: SEO. Buiren, K. & Halderen, L., van. (2013). Corporate Governance Water en Energiebedrijf Bonaire N.V.- Onderzoek naar de besluitvorming en verantwoording rondom het project WEB- Ecopower en aanbeveling voor versterking en de governance. SEO-rapport, Amsterdam: SEO. Compernolle, P., Voort, J. van der & Smits, T. (2013). Toets Altmark-criteria. SEO-rapport, Amsterdam: SEO. Gerritsen, M., Koopmans C., Tempelman C. & Voort, J. van der (2012). Baten van het Olympisch Plan. SEO-rappo,t Amsterdam: SEO. Gerritsen, M. & Werff, S. van der (2013). Effect Wnt en Regeling op bezoldiging woningcorporatiebestuurders. SEO-rapport, Amsterdam: SEO. Gerritsen, M., Prins, J. (2013). Social Performance Qredits. SEO-rapport Amsterdam: SEO Gerritsen, M., Voort, A.J.M. van der & Brom, M. (2012). Stresstest gemeente Nijmegen. SEOrapport, Amsterdam: SEO. Heyma, A. (2013). Verwachte ontwikkeling klantenbestand BWI Update augustus SEOrapport, Amsterdam: SEO. Heyma, A., & Werff, S. van de (2013). Effectiviteit re-integratiedienstverlening UWV WW-populatie SEO-rapport Amsterdam: SEO Heyma, A. & Werff, S. van der (2013). De sociaaleconomische situatie van langdurig flexibele werknemers. SEO-rapport, Amsterdam: SEO. Hof, B., Kerste, M., Rosenboom, N., Rougoor, W. & Jong, A. de (Rotterdam School of Management, Erasmus University) (2013) The Dutch corporate governance code and the system of monitoring, a balanced system? SEO-rapport Amsterdam: SEO. Hof, B., Kerste, M., Rosenboom, N., Rougoor, W., & Jong, A. de (2013). Het Nederlands stelsel van corporate governance code en monitoring. SEO-rapport, Amsterdam: SEO. Hof, B., Koopmans, C., Lieshout, R. & Wokke, F. (2013). Public investments in space. SEO-rapport, Amsterdam: SEO. Hof, B., Koopmans, C., Rougoor, W. & Voort, J. van der (2013). Effecten en vormgeving van een heffing op gewasbeschermingsmiddelen. SEO-rapport, Amsterdam: SEO. Hof, B., Rosenboom, N. (2013). Schadevoorziening bij brand- en bouwveiligheid. SEO-rapport; Amsterdam: SEO. Hof, B. & Rosenboom, N. (2013) Positie bouwconsument. SEO-rapport, Amsterdam: SEO. Kerste, M., Baarsma, B., Weda, J., Rosenboom, N., Rougoor, W. & Risseeuw, P. (2013). Uit de schaduw van het bankwezen. SEO-rapport, Amsterdam: SEO. Kerste, M., Rougoor, W. & Poort, J. (2013). Actuele waarde van kavel A7. SEO-rapport, Amsterdam: SEO. 135

138 Kerste, M., Weda, J., Rosenboom, N., Smits, T., Poort, J. & Eijk, N. van (2013). Waarde verlening mobiele vergunningen Update: uitkomst veiling en verlengingsprijzen. SEO-rapport, Amsterdam: SEO. Kocsis, V., Koutstaal, P. Tieben, B., Hout, M. van & Hof, B. (2013). Energiebeleid na Nietklimaatgerelateerde economische argumenten voor het energiebeleid. SEO-rapport, Amsterdam: SEO. Kocsis, V., Koutstaal, P., Tieben, B., Hout, M., van, Hof, B. (2013). Energy Policy after 2020, Economic arguments to pursue energy policy for non-climate related reasons. SEO-rapport, Amsterdam: SEO. Kocsis, V., Rougoor, W., Tieben, B. & Noll, R. van der (2013). Zoeken naar.nl, Economische analyse van het domeinnaamenbeheer. SEO-rapport, Amsterdam: SEO. Kocsis, V., Tieben, B. & Noll, R. van der (2013). Regulation of fixed and mobile termination charges. SEO-rapport, Amsterdam: SEO. Kocsis, V., Weda, J. & Noll, R. van der (2013). Concurrentie in de kiem. SEO-rapport, Amsterdam: SEO. Kocsis, V., Weda, J. (2013). The innovation-enhancing effects of network neutrality. SEO-rapport, Amsterdam: SEO. Kok, L. & Berden, C. (2013). De waarde van het sociaal raadsliedenwerk. SEO-rapport Amsterdam: SEO Kok, L., Berden, C., Brom.M. (2013). Veilig sederenbuiten de operatiekamer, Kosten en baten van invoering van de richtlijn procedurele sedatie en analgesie buiten de OK. SEO-rapport Amsterdam: SEO. Kok, L. & Lammers, M. (2013). Op adem komen. Baten van de behandeling van onderdelen van de astma en COPD zorg in Nederland. SEO-rapport Amsterdam: SEO Kok, L., Scholte, R. (2013) Economische groei en de vraag naar zorg, Macro-economische tegenkrachten in het ramingsmodel van het Capaciteitsorgaan. SEO-rapport Amsterdam: SEO Kok, L. & Scholte, R. (2013). Rendement van cursussen voor laaggeletterden. SEO-rapport, Amsterdam: SEO. Koopmans, C. & Prins, J. (2013). Kosten en baten van de overheid van wijzigingen van de Wet openbaarheid van bestuur. SEO-rapport; Amsterdam: SEO Lammers, M., Kok, L. & Wunsch, C. (2013). Lange termijneffecten van re-integratie. SEO-rapport Amsterdam: SEO. Lieshout, R., Zuidberg, J. & Veldhuis, J. (2013) Een rendabele exploitatievan Groningen Airport Eelde op de lange baan. SEO-rapport, Amsterdam: SEO. Noll, R. van der, Breemen, K., Breemen, V., Hugenholtz, B., Brom, M. & Poort, J. (2013). Online uitlenen van e-books door bibliotheken. SEO-rapport, Amsterdam: SEO. Noll, R. van der, Rougoor, W.& Weda, J. (2013). The value of Europeana: The welfare effects of better acces to digital cultural heritage. SEO-rapport, Amsterdam: SEO. Rosenboom, N., Boschloo, M.., Noll, R. van der & Tieben, B. (2013). Prijzige suiker. SEO-rapport, Amsterdam: SEO. Scholte, R., Kok, L. & Lammers, M. (2013) Verruiming eigen bijdragesystematiek herziene WMO. SEO-rapport Amsterdam: SEO Sijm, J., Welle, A. van der, Tieben, B., Hof, B. & Kocsis, V. (2013). Naar een breder afwegings- en reguleringskader voor investeringen in interconnectoren: de Maatschappelijke Kosten-Baten Analyse (MKBA). SEO-rapport, Amsterdam: ECN. Tempelman, C. (2013). Herschatting verdeelmodel WWB SEO-rapport, Amsterdam: SEO. Tempelman, C & Berden C. (2013). Literatuuronderzoek extramurale behandeling zintuiglijk gehandicapten. SEO-rapport Amsterdam: SEO Tempelman, C. & Berden, C. (2013). Herschatting verdeelmodel WWB en historische verdeling nieuwe doelgroep. SEO-rapport, Amsterdam,: SEO. Tempelman, C. & Kok, L. (2013). Kosten en baten van actieve screening naar HCM. SEO-rapport, Amsterdam: SEO. 136

139 Tempelman, C. & Lammers, M. (2013). Uitwerking verdeelmodel WWB SEO-rapport; Amsterdam: SEO Tieben, B. (2013). Duurzame energie naar 16%. SEO-rapport, Amsterdam: SEO. Tieben, B., Koopmans, C. & Rougoor, W. (2013). Energiebeleid in onbalans: De energiemarkt vanuit transactiekostenperspectief. SEO-rapport, Amsterdam: SEO. Velt, J. in t, Gerdes, E., Veen, F. van der, Baarsma, B. & Weda, J. (2013). Evaluatie postregeling. SEO-rapport, Rotterdam: Rebel. Volkerink, M., Bisschop, P. (2013). Stilte voor de storm. SEO-rapport, Amsterdam: SEO. Volkerink, M., Berkhout, B., Bisschop, P. & Heyma, A. (2013). Monitor Technische Arbeidsmarkt SEO-rapport, Amsterdam: SEO. Volkerink, M.., Rougoor, W., Tieben, B., Blom, M. & Schepers, B. (2012). Bouwen en banen. SEOrapport, Amsterdam: SEO. Voort, J., van de, Smits, J. & Compernolle, P. (2013). Handleiding Model Veerverbinding Boven Hardinxveld Werkendam Gorinchem. SEO-rapport Amsterdam: SEO Eonomisch Onderzoek. Werff, S., van de & Heyma, A. (2013). Verwachte werkloosheidsduur bij WW-instroom. SEOrapport Werff, S. van der,& Koopmans, C. (2013). Effecten van museumkaart op museumbezoek en inkomsten. SEO-rapport, Amsterdam: SEO. Wijffels, H., Baarsma, B., Biesheuvel, H., Boot, A., Brink, D. van den, Combée, B., Eijffinger, S., Goorbergh, W. van den, Harmsen, F., Meijs, F., Scheltema, M., Schoenmaker, D. & Baron van Wijnbergeren, S. (2013, June). Naar een dienstbaar en stabiel bankwezen. Commissie Structuur Nederlandse Banken. Zuidberg, J. (2013). Benchmark luchthavengelden en overheidsheffingen: Voor de jaren 2003, 2008, 2011 en SEO-rapport, Amsterdam: SEO. Zuidberg, J., Veldhuis, J. & Burghouwt, G. (2013). Compensatie bij vertraging in de luchtvaart. SEOrapport, Amsterdam: SEO. Working- and discussion papers Baarsma, B. (2013). Ronde van Eindhoven, een economisch Perspectief.SEO Discussion paper 74. Amsterdam: SEO. Berkhout, E. & Salverda, W. (2013). Development of the public-private wage differential in the Netherlands SEO Discussion Paper 71. Amsterdam: SEO. Burghouwt, g. (2013). Airport capacity expansion strategies in the era of multi-hub networks. OECD/ International Transport Forum Discussion paper Koning, P., Webbink, D. & Koopmans, C.(2013). Onderwijs en arbeidsmarkt in MKBA s. In: Bertolini, L., et al, Twee notities voor de algemene leidraad voor maatschappelijke kostenbatenanalyse. SEO Discussion Paper 73. Amsterdam: SEO. Koopmans, C. & Baarsma, B. (2013). Publieke belangen in de luchtvaart. SEO Economisch Onderzoek. Discussion paper in opdracht van KIM/ Ministerie van I&M. Koopmans, C., Buiren, K. van & Hof, B. (2013). De kosten van regionaal openbaar vervoer. SEO Discussion Paper 72. Amsterdam: SEO. Koopmans, C. & Lieshout, R. (2013). Pass-through of Airline Cost Changes What Does Economic Research Say? Airneth discussion paper. Amsterdam: SEO. Riemens, P., & Burghouwt, G. (2013). Evolution of long-haul networks at EU airports. Patterns of growth. (2013). Working paper. Rosenboom, N. (2013). How does article 101(3) TFEU case law relate to EC guidelines and the welfare perspective? Working paper. Suau Sanchez., Burghouwt, G. & Fageda, X. (2013). Reinterpreting EU air traffic deregulation: A disaggregated analysis of the interlocking impacts of individual airlines and airport types to the concentration of air traffic in European cities, Working paper. 137

140 Recognition Alberts, J. (2013, 7 September). Netbedrijf onder hoogspanning; Dreigende beursgang van staatsbedrijf. Bert Tieben over het grote wespennest dat Tenne T bleek te zijn. Vrij Nederland, 7, 24. Baars, L. (2013, 22 February). We moeten door de zure appel heen bijten. B. Baarsma over de crisis. Trouw, 5 Baarsma, B.E. (2013, 30 January). NVZ penning, Den Haag. Banning, C. & Driessen, C. (2013, 11 June). Fiscaal regime levert miljarden op. B. Baarsma en M. Kerste over brievenbusfirma s. NRC Handelsblad. Battes, P. (2013, 5 March). Kosten bus, tram en metro verdubbelen. Koert van Buiren en Carl Koopmans over de oplopende kosten van het OV. Het Financieele Dagblad, 3. Battes, P. (2013, 29 April). Economen willen massaal af van strenge begrotingsnorm. Het Financieele Dagblad, 6. Boon, L. & Driessen, C. (2013, 20 August). Hoogleraar kritiseert onderzoek van SEO. B. Baarsma over de kritiek van Van Wijnbergen. NRC Handelsblad, 3. Boon, L. & Driessen, C. (2013, 20 August). Opnieuw kritiek op rapport SEO. B. Baarsma over de kritiek van van Wijnbergen. NRC Handelsblad, 26. Bosboom, J. (2013, 26 January). Droomweekend: een ideale agenda zonder beperkingen van tijd, afstand of geld. B. Baarsma over haar droomweekend. Het Financieele Dagblad Magazine, 6-7. Brock, T. (2013, 21 November). KPN krijgt 1 miljoen boete. Bert Tieben over de boete voor KPN. De Volkskrant, 23. Broekhuizen, K. (2013, 14 June). Aanbeveling Vooralsnog geen nieuwe eisen aan brievenbus-bv s. B. Baarsma over brievenbusfirma s. Het Financieele Dagblad, 5. Broekhuizen, K. (2013, 1 March). Bezuinig niet extra, blijf bij akkoord. B. Baarsma over de voornemens van het kabinet voor een extra bezuinigingsronde. Het Financieele Dagblad, 3. Cerutti, S. (2013, 12 January). Mijn boekenkast. B. Baarsma over haar boekenkast. Trouw, 39. Dekker, W. & Kooistra, S. (2013, 15 June). SEO-rapport dat debat moest stoppen, wakkert discussie aan. M. Kerste over het SEO onderzoek naar brievenbusfirma s. De Volkskrant, 22. Dekker, W. (2013, 27 May). Hogere lonen geven de economie geen oppepper, B. Baarsma over kortingen voor 65-plussers. De Volkskrant, 19. Driessen, C. (2013, 14 June). Rekenfout in rapport over belang brievenbusfirma s. B. Baarsma over het SEO onderzoek naar brievenbusfirma s. NRC Handelsblad, 2. Driessen, C. (2013, 14 June). Zóveel banen, dat is echt stupide. B. Baarsma over het SEO onderzoek naar brievenbusfirma s. NRC Handelsblad, 27. Driessen, C. & Kleijwegt, A. (2013, 16 February). De bankmedewerker houdt voorsprong op rest van het veld. B. Baarsma over de relatief hoge salarissen van bankmedewerkers. NRC Handelsblad, 6-7. Eikelenboom, S. & Groot, G. de (2013, 22 June). Brievenbusfirma s leveren minder op dan rapport stelt. B. Baarsma & M. Kerste over rapport over brievenbusfirma s. Het Financieele Dagblad, 1. Eikelenboom, S. & Groot, G. de (2013, 11 June). Ruim 3 mrd verdiensten. B. Baarsma over brievenbusfirma s. Het Financieele Dagblad, 1. Engen, P. van (2012, December). Ivar Roeleven in gesprek met Barbara Baarsma over financieel lui zijn, mystiek en statistiek, jaloeziepolitiek, simpelheid en nog veel meer. Fonds.nl, (4), Gatinois, C. (2012, 18 April). Au Portugal et aux Pays-Bas, l'austérité à tout crin est remise en question. B. Baarsma relativeert de uitspraken van Mark Rutte met betrekking tot het sociaal akkoord. Le Monde, 3. Giebels, R. (2013, 12 June). Weekers ziet in onderzoek bewijs dat Nederland geen belastingparadijs is. B. Baarsma over brievenbusfirma s. De Volkskrant, 9. Höltschi, R. (2013, 5 February). Wenn der Musterschüler ans Schulschwänzen denkt. B. Baarsma over SNS. Neue Zürcher Zeitung, 23. Hensen, C. (2013, 23 May). Dijsselbloem wil SNS als prijsvechter. B. Baarsma over SNS en concurrentieverhoudingen. NRC Handelsblad,

141 Janssen, J. (2013, 19 October). Wetenschapper vraagt wetenschapper: De crisis is de schuld van ons allemaal. B. Baarsma geeft antwoord op de vraag van Jean Tillie. Parool, 34. Ook gepubliceerd op Kampen, A. van (2013, 11 June). Brievenbusfirma s leveren Nederland meer op dan gedacht. B. Baarsma over brievenbusfirma s. nrc.nl Kleijwegt, A. (2013, 5 January). De ideale werknemer houdt nooit op met leren. A. Heyma over mensen die buiten het vangnet vallen. NRC Handelsblad, 4-5. Knippenberg, M. (2013, 23 September). Tien vragen aan. Barbara Baarsma. Keep on Running. Koelewijn, R. (2013, 9 November). Waarom rijke senioren subsidiëren?. Barbara Baarsma over of de subsidies bij de juiste doelgroep terecht komen. NRC Handelsblad, L8-9. Kok, L. (2013, 21 March). Bezuinigingen zijn boomerang. L. Kok over de toekomst van de zorg. Spits, 7. König, E. (2013, 19 July). Mannen: kies een ander beroep. S. van der Werff over het relatief grote aantal werkloze hoogopgeleide mannen. NRC Next, 1. Koot, J. (2013, 8 January). Twijfels over noodzaak aanleg nog meer wegen. C. Koopmans over meer asfalt. Het Financieele Dagblad, 3. Kortekaas, L. (2013, 27 May). Ze pakken ouderen onderhand alles af. B. Baarsma over kortingen voor 65-plussers Algemeen Dagblad, 7. Kruyswijk, M. (2013, 2 February). Verhuizen naar omliggende gemeenten is onaantrekkelijk geworden door de onzekerheid op de woningmarkt. C. Koopmans in het artikel Voor die tuin willen ze de stad niet verlaten. Het Parool. Lemmens, K. (2013, 28 February). G. Burghouwt over de resultaten van Ryanair. De Standaard. Mikkers, R. (2013, 14 June). PvdA: Toch geen belastingparadijs. B. Baarsma over brievenbusfirma s. De Telegraaf, 23. Mitchell, R. (2013, 13 June). Dutch Minister Says Netherlands Not A Tax Haven, But Vows To Address Reports. M. Kerste over brievenbusfirma s. Daily Tax Report. Outeren, E. van (2013, 14 June). U vraagt om reactie? B. Baarsma over het SEO onderzoek naar brievenbusfirma s. NRC Handelsblad, 9. Ouwendijk, M (2013). Over de consequenties van vogelgriep voor de luchtvaart. G. Burghouwt over de vogelgriep en luchtvaart. Zakenreis Magazine. Prins, M. (2013, 13 February). 6 vragen over de arbeidsmigrant. E. Berkhout geeft antwoord op zes vragen over arbeidsmigranten in Nederland. De Limburger, 14. Redactie Fonds.nl (2013, November). Een goed financieel advies ontstaat bij de gratie van vertrouwen en dat wordt via de digitale weg onvoldoende gekweekt. Barbara Baarsma in een stuk in de Belangrijk 30 top 30!. Fonds.nl, Redactie De Volkskrant (2013, 11 December). Er komen na 1 januari Bulgaren en Roemenen bij, dus als er problemen zijn zullen die niet kleiner worden. Arjan Heyma over angst voor migranten. De Volkskrant, 7. Redactie De Volkskrant (2013, 28 February). Slachtoffers vaak al blij met kleine schadevergoeding. J. Mulder over haar proefschrift. De Volkskrant. Redactie De Volkskrant (2013, 19 April) Bijdrage Arjan Heyma aan Meer werkelozen erbij dan banen eraf. De Volkskrant. Redactie De Telegraaf (2013, May 25). Schaf kortingen voor 65-plussers af. B. Baarsma over kortingen voor 65-plussers. De Telegraaf. Redactie De Telegraaf (2013, 20 April). Weer stemt optimistisch. B. Baarsma over het terugwinnen van vertrouwen in de economie. De Telegraaf, 25. Redactie De Telegraaf (2013, 28 February). Slachtoffer blij met kleine schadevergoeding. J. Mulder over haar proefschrift. De Telegraaf. Redactie Het Financieele Dagblad (2013, 12 January). NMa moet concurrentie op de tap bevorderen. Het Financieele Dagblad. Redactie Het Financieele Dagblad (2013, 4 February). Crisiswet banken werkt niet. B. Baarsma over de interventiewet. Het Financieele Dagblad, 1. Redactie Leeuwarder Courant (2013, 27 May). Schaf voordeel ouderen af. B. Baarsma over kortingen voor 65-plussers. Leeuwarder Courant, 1. Redactie Noordhollands Dagblad (2013, 25 March). Hoogleraar: Korte pijn is lang geluk. B. Baarsma over de crisis en het economisch herstel. Noordhollands Dagblad,

142 Redactie Trouw (2013, 7 March). Zij weten hoe we uit de crisis komen. B. Baarsma over oplossingen voor de economische crisis. Trouw De Verdieping, 2-5. Redactie Trouw (2013, 27 May). Niet leeftijd, maar inkomen moet de prijs bepalen van trein en theater. B. Baarsma over kortingen voor 65-plussers. Trouw, 23. Redactie Nederlands Dagblad. (2013, 12 June). Paradijzerij levert geld op. B. Baarsma over brievenbusfirma s. Nederlands Dagblad. Redactie NU.nl (2013, 11 June). Nederland fiscaal aantrekkelijker dan andere landen. B. Baarsma over brievenbusfirma s. NU.nl. Redactie NU.nl (2013, 25 June). Oproep van Samson is niet realistisch. B. Baarsma over de oproep van Samsom aan burgers en instellingen om meer geld uit te geven. NU.nl. Redactie NU.nl (2013, 25 May). Schaf kortingen voor 65-plussers af. B. Baarsma over kortingen voor 65-plussers. NU.nl. Redactie RTL Z (2013, 8 July). Positie flexwerkers achteruit. A. Heyma over de verslechterde positie van flexwerkers. Redactie RTL Z (2013, 25 May). Economen: Schaf kortingen voor 65-plussers af. Redactie Trouw (2013, 25 May). Topeconomen Prast en Baarsma: Gebruik niet langer leeftijd, maar inkomen als maatstaf. Trouw, Redactie Z24 (2013, 11 June). Brievenbus bv s leveren Nederland 3 miljard op. B. Baarsma over brievenbusfirma s. Z24. Redactie Zorgvisie (2012, 13 December). Engelse specialisten verdienen het meest. L. Kok over medisch specialisten in Engeland. Zorgvisie executive, (20), 2. Redactie NVM magazine (2013, 8 October).Wat we nu doen is doormodderen. B. Baarsma over de hypotheekrenteaftrek. NVM magazine, 7, (5), 1-3. Redactie Intermediair (2013, 28 September). Flexcontract ook goed voor oudere ambtenaar, Arjan Heyma over de toename van flexcontracten bij hoogopgeleide ouderen. Intermediar. Redactie Passenger Terminal Today (2013). G. Burghouwt over consolidatie en concurrentie in de luchtvaart. Passenger Terminal Today. Redactie Antilliaans Dagblad (2013,5 November) Geen concurentie? U bent de dube!. Koert van Buiren in deel 1 van drieluik in Antiliaans Dagblad. Antilliaans Dagblad. Redactie Antilliaans Dagblad (2013, 6 November). Voorbeelden van concurentietoezicht. Koert van Buiren in deel 2 van drieluik in Antiliaans Dagblad. Antilliaans Dagblad. Redactie Antilliaans Dagblad (2013, 7 November). Concurentietoezicht op maat. Koert van Buiren in deel 3van druiluik in Antilliaans Dagblad. Antilliaans Dagblad. Riel, E. van (2013, May 2013). Barbara Baarsma over SER-advies internationale studenten: We hebben ze keihard nodig. SER Magazine, 4-6. Riel, E. van (2013, 4 April). SER-Kenniscafé met internationale studenten: Buitenlands talent botst tegen barrieres. SER Magazine, 7-9. Rijlaarsdam, B. (2013, 12 January). Biermarkt horeca is verziekt. B. Baarsma en N. Rosenboom over de horecabiermarkt. NRC Handelsblad, 2. Rijlaarsdam, B. (2013, 12 January). De macht van de bierbrouwer. B. Baarsma en N. Rosenboom over de horecabiermarkt. NRC Handelsblad, 6-7. Rood, S. & Graat, J. (2013, 26 April). Vernietigend rapport in lade. C. Koopmans en M. de Nooij over de rendabiliteit van de investeringen in de verkeersruit rond Eindhoven en Helmond. Eindhovens Dagblad. Wiessing, E. (2012, 17 April). Economen: Rutte te optimistisch. B. Baarsma over de groei van de economie en de gevolgen van het sociaal akkoord. NOS Nieuws. Woudt, J. (2013, 15 January). Banden tussen brouwer en cafébaas zijn de borrelpraat allang ontstegen. B. Baarsma over de horecabiermarkt. Het Financieele Dagblad, 9. Zoelen, B. Van (2013). Salarisverlaging is te snel een taboe. S. van der Werff over salarisverlaging. Het Parool, 4-5. Zoelen, B. van (2013, 28 March). Misschien valt voor Amsterdam de crisis mee. A. Heyma over de crisis en de arbeidsmarkt. Het Parool. Zoelen, B. van (2013, 8 January). "Als er iets in het consumentenvertrouwen verandert, zie je dat ook pas maanden later. Carl Koopmans geeft een reactie in Open potemonnees op Oranjefeest. Het Parool. 140

143 Zwam, E. van ( October). Extra banen komen uit kristallen bol. B. Baarsma over voorspellingen doen over groei werkgelegenheid. Trouw, 1. Media appearance Baarsma, B. (2013, 8 April). Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. (2013, 24 April). BNR Economenpanel. B. Baarsma over de werkloosheid. Baarsma, B. (2013, 12 April). Pauw en Witteman. B. Baarsma over het sociaal akkoord Nieuwsuur. Baarsma, B. (2013, 1 April). Radio 1 Journaal. B. Baarsma over de fusie van NMa tot ACM. Radio 1. Baarsma, B. (2013, 30 October). Interview in het programma Nieuws en Markt met B. Baarsma. Radio 1. Baarsma, B. (2013, 7 October), Barbara Baarsma bij De Wereld Draait Door. Baarsma, B. (2013, 6 September). Barbara Baarsma bij De Wereld Draait Door. Baarsma, B. (2013, 14 August). BNR Economenpanel. B. Baarsma over CBS en CPB cijfers. BNR Nieuwsradio. Baarsma, B. (2013, 26 August). Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. (2013, 28 August). Zomergast: Barbara Baarsma. Dit is de dag. Baarsma, B. (2013, 27 August). Gast bij: Dit is de dag. Radio1. B. Baarsma over of bezuinigingen zoden aan de dijk zetten. Baarsma, B. (2013, 15 August). Zomergast: Econome Barbara Baarsma. KRO s Goedemorgen Nederland. Baarsma, B. (2013, 10 June). Barbara Baarsma over einde belasting-paradijs Nederland. Nieuwsuur. Baarsma, B. (2013, 6 February). Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. (2013, 20 February). BNR Economenpanel. B. Baarsma over Duits optimisme. BNR Nieuwsradio. Baarsma, B. (2013, 13 February). Hoogleraar Baarsma over verplicht werken voor een uitkering. Nieuwsuur. Baarsma, B. (2013, 2 February). SNS en de rol van DNB. B. Baarsma over de nationalisatie van SNS Reaal. Nieuwsuur. Baarsma, B. (2013, 1 March). Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. (2013, 13 March). BNR Economenpanel. B. Baarsma over het achterblijven van de binnenlandse bestedingen. BNR Nieuwsradio. Baarsma, B. (2013, 1 March). Buma en Baarsma over consequenties CPB-cijfers. Pauw & Witteman. Baarsma, B. (2013, 6 March). Radio 1 Journaal. B. Baarsma over het Kamerdebat van 5 maart. Radio 1. Baarsma, B. (2013, 13 March). BNR Economenpanel. Baarsma, B. (2013, 26 May). Buitenhof. B. Baarsma over kortingen voor 65+. Buitenhof, Baarsma, B.(2013, 27 November). BNR Economenpanel. Baarsma, B. (2013, 4 November).Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. ( 2013, 1 October). Barbara Baarsma neemt de kranten door in De Ochtend van 4. Radio 4. Baarsma, B. (2013, 4 September). BNR Economenpanel. B. Baarsma over het herstel van de Europese economie. BNR Nieuwsradio. Baarsma, B. (2013, 16 September). Nieuwsuur. B. Baarsma over de kabinetsmaatregelen. Nieuwsuur. Buiren, K. van (2013, 15 July). Interview Koert van Buiren inzake het bezoek van Rutte aan de Antillen. Buiren, K. van (2013, 5 March). Kosten regionaal OV verdubbeld. K. van Buiren over de kosten van openbaar vervoer. BNR Nieuwsradio. Buiren, K., van (2013, 9 October). Interview Koert van Buiren over de hogere prijzen op Bonaire in vergelijking met buurlanden. NTR Caribisch Netwerk. 141

144 Buiren, K., van (2013, 9 October). Interview Koert van Buiren over samenwerken voor effectief mededingingsbeleid in de Cariben. NTR Caribisch Netwerk. Burghouwt, G. (2013, 15 January) Guillaume Burghouwt over Maastricht Airlines. RTL-Z. Burghouwt, G. (2013, 8 July). Guillaume Burghouwt over het dilemma van de luchtvaart. Me Judice. Koopmans, C. (2013, 5 December). Carl Koopmans over of het JSF-project daadwerkelijk banen oplevert. Brandpunt, Reporter. Heyma, A. (2013, 21 August). Oostblock? A. Heyma over de toestroom van Roemenen en Bulgaren op de Nederlandse arbeidsmarkt. Editie NL. Heyma, A. (2013, 16 July). De werkloosheid loopt verder op onder jongeren en laaggeschoolden. A. Heyma over de werkloosheid onder jongeren en laaggeschoolden. RTL Z. Kerste, M. (2013, 11 June). M. Kerste over het SEO onderzoek naar brievenbusfirma s. BNR Nieuwsradio. Kok, L. (2013, 24 April). L. Kok over het zorgakkoord. BNR Nieuwsradio. Mulder, J. (2013, 28 February). J. Mulder over haar proefschrift. BNR Nieuwsradio. Tieben, B. (2013, 17 June). Suikerprijs geëxplodeerd. B. Tieben over de prijsontwikkeling van suiker. Villa VPRO. Tieben, B. (2013, 28 November). B. Tieben over de boete voor kartel van garnalengroothandel. BNR Nieuwsradio. Veldhuis, J. (2012, 20 December). Maastricht-Schiphol, we gaan het weer proberen. NOS. J. Veldhuis over de nieuwe lijnvluchten tussen Maastricht en Schiphol. Keynote/invited talk Baarsma, B. (2013, 28 November). De stand van het land Een macro-economisch perspectief, lezing voor Rabobank international, Kasteel De Vanenburg, Putten. Baarsma, B. (2013, 20 November). In the long run we are all dead. lezing voor BNG, Geldmuseum Utrecht. Baarsma, B. (2013, 7 November). Investeren in Nederland. Congres Pensioenfederatie Solidair of solitair?, Circustheater, Scheveningen. Baarsma, B. (2013, 8 October). De hypotheekrenteaftrek en de macroeconomische stabiliteit van de Nederlandse economie. Key note speech tijdens Jaarcongres Hypotheken, Circus theater, Scheveningen. Baarsma, B. (2013, 20 September). In the long run we are all dead. Lezing bij Studiegezelschap voor Economische Politiek. Baarsma, B. (2013, 4 July). Mededingingstoezicht en publieke belangen. Lezing tijdens de Economenlunch van ACM, Den Haag. Baarsma, B. (2013, 3 July). Waarom doet Nederland het slechter dan de ons omringende landen? Lezing voor de Rabobank, Stedelijk Museum, Amsterdam. Baarsma, B. (201, 20 June). In the long run we are all dead. Lezing ter ere van de opening van een vestiging van advocatenkantoor De Haan, Zwolle. Baarsma, B. (2013, 23 April) Colleges voor de Universiteit van Nederland, opnamen in Club Air, uitgezonden in september via Baarsma, B. (2013, 17 April ). In the long run we are all dead. Over de uitdagingen voor HR medewerkers van Rabo tegen de achtergrond van de Grote Recessie. Lezing voor de Rabobank, Amsterdam. Baarsma, B. (2013, 20 March). In the long run we are all dead; Over de uitdagingen en kansen van de financieel dienstverlener tegen de achtergrond van de Grote Recessie. Lezing tijdens de Participantendag van de Finance Academy, 20 maart 2013, Den Helder. Baarsma, B. (2013, 29 May). De staat van de woningmarkt in Amsterdam, Lezing tijdens het evenement De Staat van de Stad in de Stadsschouwburg, Amsterdam. Baarsma, B. (2013, 29 May). In the long run we are all dead. Lezing tijdens zakelijke beurs van HDC Media, Uitgeest. Baarsma, B. (2013, 27 May). In the long run we are all dead; Over de uitdagingen en kansen van de financieel dienstverlener tegen de achtergrond van de Grote Recessie. Lezing tijdens de Jaarvergadering van het Verbond van Handelaren in Chemische Producten,, Wassenaar. 142

145 Baarsma, B. (2013, 17 April). Over de uitdagingen voor HR-medewerkers van Rabo tegen de achtergrond van de Grote Recessie. Lezing voor de Rabobank. Baarsma, B. (2013, 20 March). Over de uitdagingen en kansen van de financieel dienstverlener tegen de achtergrond van de Grote Recessie. Lezing tijdens de Participantendag van de Finance Academy, Den Helder. Baarsma, B. & Kerste, M. (2013, 13 June). Uit de schaduw van het bankwezen. Openbare technische briefing Tweede Kamer, Den Haag. Berkhout, E. (2013, 7 March). Arbeidsmigratie door de ogen van economen. Debat Arbeidsmigranten: een kans of een bedreiging? De Unie. Buiren, K.H.S. (2013). Op weg naar Zuid Amerika.Presentatie tijdens het congres 200 jaar koninkrijk. Burghouwt, G. (2013, 14 March). Presentatie selectiviteitsbeleid voor Hans Alders, Theo Vermeeghen en de Landsadvocaat in het kader van activiteiten Commissie Shared Vision, Amsterdam. Burghouwt, G. (2013). Airport capacity expansion strategies in the era of multi-hub networks. Presented at the International Transport Forum of the OECD, February Lammers, M. (2013, 6 February). Search requirements for the elderly unemployed. Presentation at the OESO-delegation, VU, Amsterdam. Lammers, M. (2013, 28 August). Pension rules and labour market dynamics. Presentation at the EEA in Gothenburg, Sweden. Heyma, A. (2013, 14 January). Onderzoeksresultaten IIO; Eerste tussenmeting Ministerie van Onderwijs, Cultuur en Wetenschap. Heyma, A. (2013, 4 February). What makes older workers more attractive for employers. Ministerie van Sociale Zaken en Werkgelegenheid. Heyma, A. (2013, 7 February). Ontwikkeling klantenbestand DWI; Analyse en prognose. Wethouder Van Es, Amsterdam. Heyma, A. (2013, 21 March). Langdurig flexibel op de Nederlandse arbeidsmarkt. Ministerie van Sociale Zaken en Werkgelegenheid. Heyma, A. (2013, 25 March). Drie mythen over flexibele werknemers. SZW Congres. Kocsis, V. (2013, 18 October). Algemene ziekenhuizen in financiële nood: overheidsinterventie in heroverweging. Nederlandse Economendag. Other lectures Baarsma, B. (2013, 31 October). Lezing voor de NVZ, Burgers ZOO, Arnhem. Baarsma, B.(2013, 6 September). Innovation and Competition. College voor Amsterdam Business School/UvA, Koninklijk theatre Carre, Amsterdam. Baarsma, B. (2013, 1 July). Nederland misbruikparadijs?. College voor Bofeb, Den Haag. Baarsma, B. (2013, 1 July). Mededingingstoezicht en publieke belangen. College voor Bofeb, Den Haag. Baarsma, B. (2013, 23 April). Colleges voor de Universiteit van Nederland. Opnamen in club Air, uitgezonden in november Boswijk, H.P. (2011, 16 November). Improved likelihood ratio tests for cointegration rank in the VAR model. Economics Seminar, University of Exeter. Burghouwt, G. (2013, 8 January). Opening and chair Airneth seminar: Airport competition and airport choice of cargo airlines in Europe, Den Haag. Burghouwt, G. (20137 Feb). Guest lecture, Institute of Air & Space Law, Universiteit Leiden. Burghouwt, G. (2013, 19 March). Guest lecture University of Westminster, London. Burghouwt, G. (2013, 8 April). Opening and chair Airneth seminar: High speed rail and aviation from competition to cooperation? Evidence from China and Europe, Den Haag. Burghouwt, G. (2013, 11 April). Rol van de huboperatie in de connectiviteit van Schiphol en het network van Air France-KLM. Presentatie tijdens diner met Raad van Advies SEO. Amsterdam. Burghouwt, G. (2013, 25 April). Opening and chair 5 th Airneth Annual Lecture by James Hogan, CEO Etihad Airways. NEMO, Amsterdam. 143

146 Burghouwt, G. (2013, 24 June). Traffic Distribution Rules for de twin-airport. Lunchlezing voor I&M, Den Haag. Burghouwt, G. (2013, June). Determinants of long-haul specialization in European Airline multi-hub networks. Presentation at the Air Transport Research Society World Conference, Bergamo. Burghouwt, G. (2013, 11 September). Guest lecture, Amsterdam University of Applied Sciences. Burghouwt, G. (2013, 24 September). Guest lecture, NHVT Breda. Burghouwt, G. (2013, 5 November). Guest lecture, University of Worms, Germany. Burghouwt, G. (2013, 7 November). Guest lecture, Cranfield University, UK. Burghouwt, G. (2013, 4 December). Opening and chair Airneth seminar: The pass-through of cost increases in aviation, Den Haag. Kocsis, V. (October, 2013). The effects of asymmetric regulation on the quality of broadband networks. 24th European Regional Conference of the International Telecommunication Society, Florence, Italy. Lieshout, R. (2013, June). The competitive landscape of air transport in Europe. Presentation at the Air Transport Research Society World Conference, Bergamo. Lieshout, R. (2013). Competition between airports, airlines and catchment areas in Europe. Demand analysis and capacity management course.university of Westminster. Mulder, J.D.W.E. (1 november 2013). Schadevergoeding voor slachtoffers van Geweldsmisdrijven. Presentatie bij de Commissie van het Schadefonds Geweldsmisdrijven. Mulder, J.D.W.E. (6 december 2013). Vergoeding na geweld draait niet om geld. Presentatie tijdens Symposium: Ervaringen met verhaal van schade. Erasmus Universiteit, Rotterdam. Rosenboom, N. (2013, 12 December). How does article 101(3) TFEU case law relate to EC guidelines and the welfare perspective? Presentatie op het ACLE congres The Public Interest-Defense in Cartel Offenses. Tieben, B. (2013, 21 March). On the whole, things are quiet. The Impact of the Historical School on Dutch Economic Thought. Op de conferentie van de European Society for the History of Economic Thought, London. Tieben, B. (2013, 21 March). Vraag financiering hoger onderwijs. Op OCW conferentie Flexibilisering hoger onderwijs voor werkenden. Zuidberg, J. & Krul, J. (2013, June). How can airports increase their operating profitability? Factors influencing an airport s EBITDA. Presentation at the Air Transport Research Society World Conference, Bergamo. Membership academies Baarsma, B. (2013). Member of Ph.D. committee of Joost Poort. Universiteit van Amsterdam, Amsterdam. Burghouwt, G. (2013). Member Editorial Board Journal of Air Transport Management. Burghouwt, G. (2013). Member of the Scientific Committee of the International Centre for Competitiveness Studies in the Aviation Industry. Burghouwt, G. (2013). Member Scientific Advisory Board European Aviation Conference(EAC). Burghouwt, G. (2013). Worldwide scientific network for aviation research and policy. Relevant position Baarsma, B. (2013). Crown member of the SER, Member of the Supervisory Board of Loyalis NV (member Audit Committee), Member of the Supervisory Board of the Elisabeth- TweeSteden Ziekenhuisl Tilburg, Member of the Supervisory Board of BNN, Member of the Supervisory Board of Espria, Member of the Supervisory Board of Woonzorg Nederland, Member of the Audit Committee of FNV Bondgenoten, Member of the Advisory Board of Peak Invest, Member of the Supervisory Board of the G500 (political youth movement), Nongovernmental expert on behalf of the Nederlands in the International Competition Network (ICN), Scientific Advisory Board of IViR. 144

147 Burghouwt, G.(2013). Director Airneth. Referee for: Applied Spatial Analysis and Policy (ASAP), European Journal of Transport and Infrastructure Research (EJTIR), Journal of Transport Geography (JTG) and Transport Policy review. Kok, L.(2013). Referee for: TPEdigitaal. Mulder,J. (2013). Referee for: The International Review of Victimology. 145

148 University of Amsterdam Amsterdam School of Economics - Research Institute Valckenierstraat XE Amsterdam T E [email protected]