Research team
The analysis of the impact of tax measures on investments in research and development in Flanders.
Abstract
Gelieve aan te vullen a.u.b.Researcher(s)
- Promoter: Plasmans Joseph
Research team(s)
Project website
Project type(s)
- Research Project
Strategic investment under uncertainty: entry and mergers.
Abstract
The aim is to extend the real options framework with the large body of work in game theory. In this way a much richer description of optimal investment behavior can be obtained. We want to investigate decisions of firms about whether to enter a market or when being an incumbent, how to deter, blockade or accommodate entry. Moreover we focus on merger incentives induced by the desirability to enter new emerging markets. We are interested in effects of uncertainty.Researcher(s)
- Promoter: Bouckaert Jan
- Co-promoter: Kort Peter
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Industry-Science Interaction in the Framework of Standardization and Normalization.
Endogenous coalition creation in research and development : standardization and new market creation.
Abstract
We intend to answer the following research questions: i) What are the tirm's optimal R&D investment strategies if there is a future possibility of setting up a standard? ii) Does the standardization encourage or discourage R&D and under which conditions? iii) Are the multi-standard market structures possible and stable? iv) Is a large alliance with an inferior technology more efficient than several smaller alliances, some of which possess a superior technology? v) What are the welfare and policy implications of a standardcreation by the innovating firms? The research will proceed in the following way. First, we develop a theory after the process of standardcreation-driven coalition formation in R&D. Secondly, we move to the issue of new market creation with the focus on competition between standards, i.e. competition between different coalitions supporting those standards.Researcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: Kort Peter
Research team(s)
Project type(s)
- Research Project
Price and wage rigidities in an open economy.
Entry, accomodation and mergers under uncertainty.
Abstract
As becomes apparent from the standard textbooks in industrial organization (cf. Tirole (1988)), the analysis of the effects of uncertainty within this field is yet underdeveloped. The aim of this project is to fill this 'empty hole'. To do so use will be made of the theory of real options. This is a relatively new concept meant to evaluate capital investment decisions of firms stressing the irreversibility of most investment decisions and the ongoing uncertainty of the economic environment in which these decisions are made. Until now real option theory mainly considers single decision maker problems of firms operating in monopoly or perfect competition markets.Researcher(s)
- Promoter: Kort Peter
- Co-promoter: Bouckaert Jan
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Wage flexibility in Europe: a comparative international study of its determinants
Abstract
The principal objective of this project is to further understanding of the changing structure of Euro-area labour markets, through an empirical investigation of the country specific wage curves, using a consistent cross-country microeconomic data set from 1985 to 1998. This is an important policy issue since the success of EMU will depend critically upon the structure and conduits of the constituent national labour markets.Researcher(s)
- Promoter: Van Poeck André
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Endogenous coalition formation in en European stabilisation policy setting: feasibility and effects.
Abstract
The research focuses on the derivation of macroeconomic stabilisation policies in the European Monetary Union (EMU) area. The overall objective is to model (in a dynamic context): a) the design of national and common stabilisation macroeconomic policies and b) the effects of the interactions among policymakers (national governments of 'blocs' of governments and the European Central Bank (ECB) in setting these policies. Our project aims to consider the EMU by stressing the role played by: i) asymmetries (in both structural and preference parameters) and ii) the existence of a multi-country context in a dynamic set-up. Asymmetries allow to consider the bargaining power distribution among EMU members in setting a common policy, different asymmetric transmission mechanisms of economic policy among countries, and different economic structures (e.g. small vs. large economies).Researcher(s)
- Promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Optimal dynamic R&D investment strategies of competitive enterprises facing technological and market uncertainties.
Abstract
The objective of this research is to extend the study about the firms' strategic competitive R&D investment subject to technological and market uncertainties. It will contribute to strengthening both the theoretical and empirical knowledge base in this subject. This implies that optimal R&D behavior is determined while taking into account the rivals' behavior, the possibility of coalition creation, and the difference in size among firms, i.e. The dynamic oligopolistic R&D behavior model must be considered. In the empirical part of the research we aim at the following targets: i) analyze firms' individual R&D investment and innovative production strategies using cross-section and panel data for Belgian enterprisesResearcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: Kort Peter
- Co-promoter: Laveren Eddy
Research team(s)
Project type(s)
- Research Project
Innovation behaviour, patenting and trademarks subject to knowledge spillovers in 'core' countries of the European Union
Abstract
The objective is to extend Plasmans et al. (1998) and Lukatch en Plasmans (2000) both theoretically ands empirically. Theoretically, by introducing assymetry of firms and by deriving optimal static and dynamic innovation strategies and R&D related policy measures of national governments. Empirically, by performing five types of analyses: (I) present an overview over time of alle EU firms' patent (trademark) applications and patents (trademakks) granted by major patent and trademark offices (European, Japanese and American); (ii) study 'patent-to-patent citations' and 'patent-to-publication citations' as a possible efficient measure for knowledge spillovers; (iii) & (iv) estimation and testing of dynamic panel data models patent (trademark) appications, patents (trademarks) granted and the corresponding patent (trademark) intensities for 22 sectors in core EU countries (sample period 1989-2000); (v) if there are significant knowledge spillovers, the creation of e.g. a Research Joint Venture (RJV) may actually improve social welfare and be at the same time beneficial to the firms involved; we want to perfor a profound comparativeanalysis on the motives for starting RJV's, Joint Research and Development Agreements, Joint Research Pacts, and Research Corporations on the basis of an updated version of the MERIT-CATI database.Researcher(s)
- Promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Analysis of patent statistics, knowledge spillovers and R&D cooperation activities.
Macro-financial markets: a proposal of insurance contracts for major economic risks
Abstract
Researcher(s)
- Promoter: Valckx Nico
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
The macroeconomics of credit market imperfections: foundations and extensions
Abstract
Researcher(s)
- Promoter: Schellekens Philip
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Macro-economic policy design and its effects in the European Monetary Union
Abstract
This research project aims to provide an analysis of fiscal and monetary policy design within the 11 countries participating in the Eruropean Monetary Union. The implications of various fiscal and monetary policy rules on the macroeconomic performance and on financial markets will be examined. Special attention will be given to the effects of alternative voting procedures on decision rules and on macroeconomic outcomes.Researcher(s)
- Promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Development of forecasting models for 10 time-series of Europay International
Abstract
In this research we will develop forecasting models for 10 time-series of Europay International, the wordl-wide leader in pay now/later/before cards. The forecasting models will be based upon a specific number of time series for one specific country (UK). The effect that the different card issuance incentives have on forecasts and the method of how to include them in a forecasts and the method of how to include them in a forecasting framework will be evaluated.Researcher(s)
- Promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
Strategic Investment behaviour in R&D and technological innovation in small and medium sized enterprises (SMEs)
Abstract
Starting from already obtained research results on strategic innovation behaviour of firms and governments and empirical applications on an industry level, we would like to study the impact of uncertainty and asymetry in (dynamic) game theoretic models on the R&D behaviour of both the innovate enterprise(s) and the nnew technology adopting enterprise(s). Empirically, we would like to apply this innovative behaviour subject to uncertainty and asymmetry on Belgian and Dutch SMEs as a kind of laboratory example for further applications on a European, Japanese and US wide level. This innovative behaviour will be studied in its various expressions as patents, trade marks, technology adoptions, etc . . .Researcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: Laveren Eddy
Research team(s)
Project type(s)
- Research Project
Long-run growth versus long-run unemployment and income inequality
Abstract
The study aims at investigating the extent in which there exists a relation between growth fundamentals, long-run unemployment and income inequality. Special attention will be given o the role of FDIResearcher(s)
- Promoter: Plasmans Joseph
- Fellow: Vanhoudt Patrick
Research team(s)
Project type(s)
- Research Project
The interaction between monetary policy and financial markets: theoretical analysis and application to the US an EU-countries.
Abstract
It will be investigated whether it makes sense for the central bank to use financial asset prices as policy indicators to predict inflation, growth, and unemployment, the three main final targets. A game theoretic framework is used to illustrate the importance of asset prices for policy purposes. A review of the literature will provide an assesment of existing research. Empirical work will contribute to estimating various combinations of the relation between indicators and final targets.Researcher(s)
- Promoter: De Ceuster Marc
- Co-promoter: Annaert Jan
- Co-promoter: Plasmans Joseph
- Fellow: Valckx Nico
Research team(s)
Project type(s)
- Research Project
Conservatism in monetary policymaking and macroeconomic outcomes.
Abstract
It is our purpose to examine the effects of various types of monetary policy conservatism on inflation levels and inflation uncertanily.Researcher(s)
- Promoter: Plasmans Joseph
- Fellow: Schellekens Philip
Research team(s)
Project type(s)
- Research Project
Study of the Efficiency of Forecasts and Classifications of Financial-Economic Variables Using Artificial Neural Networks
Abstract
In this research project (multivariate) time series forecasts will be compared to forecasts generated by the relatively novel method of Artificial Neural Networks (ANN) and enterpreneurial (financial-economic) classification problems will efficiently be solved. The forecasts and classifications will be based on a sample of daily, weekly and monthly data of financial returns from September 1979 onwards.Researcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: Dumortier Frits
Research team(s)
Project type(s)
- Research Project
Investment, uncertainty and instability.
Abstract
More and more investments are considered to be irreversable decisions. This makes them comparable to options. Using options theory it is possible to show the importance of uncertainty on the volume of investments in a country. The influence of uncertainty is often more important than the influence of the interest rate. These findings are empirically verified for Europe and more specifically for Belgium.Researcher(s)
- Promoter: Meersman Hilde
- Co-promoter: Cassimon Danny
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
A dynamic simultaneous explanation of the exchange rates and interest rates in Belgium and the Netherlands.
Abstract
Researcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: Dombrecht Michel
Research team(s)
Project type(s)
- Research Project
Database scheme for macro-economic data.
Optimal co-ordination between countries and groups of countries
Abstract
Many countries and groups of countries are characterised by hierarchical interrelationships. In such a case optimal political policies can be formulated for each economic agent. The research project should yield an answer to the 'bottom-up' or 'top-down' character or even an alternative of this economic policy.Researcher(s)
- Promoter: Plasmans Joseph
- Co-promoter: D'Alcantara Gonzales
Research team(s)
Project type(s)
- Research Project
Ideology and macro-economic policy-making
Abstract
This project aims at analysing the role of ideology in macro-economic policy making. Which decisions are made and what are the important arguments and strategies ?Researcher(s)
- Promoter: Dierickx Guido
- Co-promoter: Boey Koen
- Co-promoter: Pauwels Wilfried
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project
The economic structure and the economic policy in small open economics.
Abstract
The purpose of this project is to examine the divergent economic results of small open economics against the background of the structural differences between the countries involved and the differences in actual economic policy.Researcher(s)
- Promoter: Van Poeck André
- Co-promoter: Plasmans Joseph
Research team(s)
Project type(s)
- Research Project