Otto Toivanen

Aalto University - Department of Economics

PO Box 1210

FI-00101 Helsinki

Finland

KU Leuven - Faculty of Business and Economics (FBE)

Naamsestraat 69

Leuven, B-3000

Belgium

CEPR

London

United Kingdom

Helsinki Center of Economic Research (HECER)

FI-00014 Helsinki

Finland

SCHOLARLY PAPERS

34

DOWNLOADS
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Top 23,267

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3,270

SSRN CITATIONS
Rank 5,691

SSRN RANKINGS

Top 5,691

in Total Papers Citations

69

CROSSREF CITATIONS

162

Scholarly Papers (34)

1.

Lazy Entrepreneurs or Dominant Banks? An Empirical Analysis of the Market for SME Loans in the UK

EFA 2002 Berlin Meetings Presented Paper; Warwick Business School SME Centre Working Paper, Cass Business School Research Paper
Number of pages: 38 Posted: 21 Feb 2002
Otto Toivanen and Robert Clive Cressy
Aalto University - Department of Economics and Birmingham Business School
Downloads 562 (72,472)
Citation 2

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optimal loan contracts, adverse selection, moral hazard, symmetric information, monopoly, empirical contract theory

2.
Downloads 366 (120,304)
Citation 6

Cartels Uncovered

NHH Dept. of Economics Discussion Paper No. 10/2010
Number of pages: 49 Posted: 25 Mar 2010
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 216 (205,295)
Citation 4

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Antitrust, cartel, competition, detection, Hidden Markov models.

Cartels Uncovered

Number of pages: 56 Posted: 29 Mar 2011
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 91 (405,035)
Citation 1

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antitrust, cartel, competition, detection, Hidden Markov models, illegal, legal, policy, registry

Cartels Uncovered

Number of pages: 56 Posted: 22 Jun 2011
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 55 (534,534)

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antitrust, cartel, competition, detection, Hidden Markov models, illegal, legal, policy, registry

Cartels Uncovered

CEPR Discussion Paper No. DP7761
Number of pages: 50 Posted: 05 Apr 2010
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 4 (933,297)
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antitrust, cartel, competition, detection, Hidden Markov models, illegal, legal, leniency, policy, registry

3.

Evaluating Innovation Policy: A Structural Treatment Effect Model of R&D Subsidies

Bank of Finland Research Discussion Paper No. 7/2008
Number of pages: 62 Posted: 12 Mar 2008
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, Government of the Republic of Finland - National Audit Office of Finland and Aalto University - Department of Economics
Downloads 276 (162,087)
Citation 32

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applications, effort, investment, R&D, selection, subsidies, treatment programme, treatment effects, welfare

4.

Heritability of Lifetime Income

Helsinki Center of Economic Research Discussion Paper No. 364
Number of pages: 39 Posted: 18 Apr 2013
University of Jyväskylä, Aalto University School of Business, ETLA, Research Institute of the Finnish Economy and Aalto University - Department of Economics
Downloads 247 (180,963)
Citation 3

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permanent income, income uncertainty, heritability, twins, genetics

5.

Politics and Procurement: Evidence from Cleaning Contracts

HECER Discussion Paper No. 196
Number of pages: 43 Posted: 14 Jan 2008 Last Revised: 13 Aug 2009
Ari Hyytinen, Sofia Lundberg and Otto Toivanen
University of Jyväskylä, University of Umea - Department of Economics and Aalto University - Department of Economics
Downloads 246 (182,370)
Citation 14

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Efficiency, favoritism, politics, public procurement

6.

Monitoring and Market Power in Loan Markets

Bank of Finland Discussion Paper No. 9/2000
Number of pages: 49 Posted: 09 Jun 2002
Ari Hyytinen and Otto Toivanen
University of Jyväskylä and Aalto University - Department of Economics
Downloads 174 (249,084)

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banks, information acquisition, market power, fixed costs, branch network, default costs

7.

Equilibrium in Financial Markets with Adverse Selection

Bank of Finland Discussion Paper No. 6/2003
Number of pages: 48 Posted: 02 Oct 2003
Tuomas Takalo and Otto Toivanen
Bank of Finland and Aalto University - Department of Economics
Downloads 163 (263,310)

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8.

Microcredit and Crime

HECER Discussion Paper No. 315
Number of pages: 51 Posted: 29 Mar 2011
Helsinki Center of Economic Research (HECER), Aalto University - Department of Economics and Aalto University - Department of Economics
Downloads 150 (281,679)
Citation 3

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borrower, crime, cost of crime, developing country, diversion externality, microcredit, non-borrower, regression discontinuity

9.

Demand for and Pricing of Mobile Internet: Evidence from a Real-World Pricing Experiment

Helsinki Center of Economic Research Discussion Paper No. 122
Number of pages: 49 Posted: 17 Jan 2005
Maija Gao, Ari Hyytinen and Otto Toivanen
Nokia Corporation (Finland Head Office), University of Jyväskylä and Aalto University - Department of Economics
Downloads 137 (302,651)
Citation 7

Abstract:

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Wireless Internet, demand, new products, welfare

10.
Downloads 136 (304,397)
Citation 8

Anatomy of Cartel Contracts

NHH Dept. of Economics Discussion Paper No. 25/2012
Number of pages: 62 Posted: 23 Jan 2013
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 82 (432,050)

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Cartels, contracts, antitrust, competition policy, industry heterogeneity

Anatomy of Cartel Contracts

Number of pages: 61 Posted: 22 Jan 2014
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 52 (548,354)
Citation 2

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cartels, contracts, antitrust, competition policy, industry heterogeneity

Anatomy of Cartel Contracts

CEPR Discussion Paper No. DP9362
Number of pages: 57 Posted: 26 Feb 2013
Ari Hyytinen, Frode Steen and Otto Toivanen
University of Jyväskylä, Norwegian School of Economics (NHH) - Department of Economics and Aalto University - Department of Economics
Downloads 2 (962,923)
Citation 3
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antitrust, cartels, competition policy, contracts, industry heterogeneity

11.
Downloads 104 (368,545)
Citation 13

Returns to Inventors

Number of pages: 37 Posted: 07 Nov 2008 Last Revised: 09 Nov 2008
Otto Toivanen and Lotta Väänänen
Aalto University - Department of Economics and Compass Lexecon
Downloads 102 (375,992)
Citation 1

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effort, incentives, inventors, intellectual property, patents, performance pay, return, earnings

Returns to Inventors

CEPR Discussion Paper No. DP7744
Number of pages: 48 Posted: 17 Mar 2010
Otto Toivanen and Lotta Väänänen
Aalto University - Department of Economics and Compass Lexecon
Downloads 2 (962,923)
Citation 5
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citations, effort, incentives, intellectual property, inventors, patents, performance pay, return, wages

12.

Does Regression Discontinuity Design Work? Evidence from Random Election Outcomes

Government Institute for Economic Research Working Papers No. 59
Number of pages: 75 Posted: 12 Dec 2014
University of Jyväskylä, ITAM, Centro de Investigación Económica, Aalto University - School of Business, Aalto University - Department of Economics and University of Turku - Turku School of Business - Department of EconomicsVATT Institute for Economic Research
Downloads 99 (380,762)
Citation 16

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Elections, experiment, incumbency advantage, regression discontinuity design

13.

Market Failures and the Additionality Effects of Public Support to Private R&D: Theory and Empirical Implications

Bank of Finland Research Discussion Paper No. 2/2013
Number of pages: 43 Posted: 18 Feb 2013
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, Government of the Republic of Finland - National Audit Office of Finland and Aalto University - Department of Economics
Downloads 88 (412,820)
Citation 33

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R&D, entrepreneurial finance, R&D subsidies, innovation policy

14.

Design of Public Procurement Auctions: Evidence from Cleaning Contracts

Number of pages: 59 Posted: 10 Feb 2015
Ari Hyytinen, Sofia Lundberg and Otto Toivanen
University of Jyväskylä, University of Umea - Department of Economics and Aalto University - Department of Economics
Downloads 80 (433,802)
Citation 1

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public procurement, auction design, entry, beauty contests, scoring

Welfare Effects of R&D Support Policies

Bank of Finland Research Discussion Paper No. 30/2017
Number of pages: 69 Posted: 18 Oct 2017 Last Revised: 21 Jan 2022
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, Government of the Republic of Finland - National Audit Office of Finland and Aalto University - Department of Economics
Downloads 76 (451,630)

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R&D subsidies, R&D tax credits, extensive and intensive margin, welfare, counterfactual, economic growth

Welfare Effects of R&D Support Policies

CEPR Discussion Paper No. DP12155
Number of pages: 66 Posted: 25 Jul 2017
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, Government of the Republic of Finland - National Audit Office of Finland and Aalto University - Department of Economics
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counterfactual, R&D subsidies, welfare

16.
Downloads 75 (449,901)
Citation 7

The Return-to-Entrepreneurship Puzzle

Number of pages: 37 Posted: 21 Jun 2011
Ari Hyytinen, Pekka Ilmakunnas and Otto Toivanen
University of Jyväskylä, Aalto University School of Business and Aalto University - Department of Economics
Downloads 47 (573,074)
Citation 7

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Dynamics, entrepreneurship, earnings, twin data, education, monetary returns, non-monetary returns, selection

The Return-to-Entrepreneurship Puzzle

Number of pages: 37 Posted: 08 Apr 2011
Ari Hyytinen, Pekka Ilmakunnas and Otto Toivanen
University of Jyväskylä, Aalto University School of Business and Aalto University - Department of Economics
Downloads 28 (691,982)

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entrepreneurship, earnings, twin data, education, monetary returns, nonmonetary returns, selection

17.

International Student Exchange and Academic Performance

ZEW - Centre for European Economic Research Discussion Paper No. 21-011
Number of pages: 50 Posted: 25 Feb 2021
Dirk Czarnitzki, Wytse Joosten and Otto Toivanen
KU Leuven - Department of Managerial Economics, Strategy, and Innovation, KU Leuven and Aalto University - Department of Economics
Downloads 66 (489,160)

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Exchange programs; student mobility; academic performance

18.

The Effect of Department Size on Quality of Research in Science: Evidence from the UK Research Assessment Exercise

Number of pages: 31 Posted: 27 Mar 2013
Otto Toivanen and Michael Waterson
Aalto University - Department of Economics and University of Warwick - Department of Economics
Downloads 57 (517,159)
Citation 1

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economies of scale, RAE, research quality, department size, sciences

Problems in Launching the Mobile Internet: Evidence from a Pricing Experiment

KU Leuven Faculty of Business and Economics Working Paper No. OR 1231
Number of pages: 52 Posted: 30 Jan 2013
Maija Gao, Ari Hyytinen and Otto Toivanen
Nokia Corporation (Finland Head Office), University of Jyväskylä and Aalto University - Department of Economics
Downloads 38 (623,815)

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wireless Internet, demand, new goods, pricing, services, surplus, two-part-tariff, welfare

Problems in Launching the Mobile Internet: Evidence from a Pricing Experiment

Journal of Economics & Management Strategy, Vol. 23, Issue 3, pp. 483-506, 2014
Number of pages: 24 Posted: 26 Jul 2014
Maija Gao, Ari Hyytinen and Otto Toivanen
Nokia Corporation (Finland Head Office), University of Jyväskylä and Aalto University - Department of Economics
Downloads 0

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20.

Public Employees as Politicians: Evidence from Close Elections

VATT Institute for Economic Research Working Papers No. 78
Number of pages: 73 Posted: 29 Sep 2016
University of Jyväskylä, ITAM, Centro de Investigación Económica, Aalto University - School of Business, Aalto University - Department of Economics and University of Turku - Turku School of Business - Department of EconomicsVATT Institute for Economic Research
Downloads 34 (633,144)
Citation 6

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close elections, political representation, public employees, public expenditures

21.
Downloads 30 (659,028)
Citation 3

The Social Origins of Inventors

NBER Working Paper No. w24110
Number of pages: 95 Posted: 16 Dec 2017 Last Revised: 18 Nov 2022
College de France and London School of Economics and Political Science, Fellow, University of Chicago - Department of Economics, University of Jyväskylä and Aalto University - Department of Economics
Downloads 30 (676,864)

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The Social Origins of Inventors

CEPR Discussion Paper No. DP12496
Number of pages: 97 Posted: 19 Dec 2017
College de France and London School of Economics and Political Science, Fellow, University of Chicago - Department of Economics, University of Jyväskylä and Aalto University - Department of Economics
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Citation 1
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education, Innovation, inventors, IQ, parental background, Social mobility

22.

Welfare Effects of R&D Support Policies

Bank of Finland Research Discussion Paper No. 2/2022
Number of pages: 67 Posted: 19 Jan 2022 Last Revised: 21 Jan 2022
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, European Union - European Investment Bank and Aalto University - Department of Economics
Downloads 26 (687,684)

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R&D subsidies, R&D tax credits, extensive and intensive margin, financial market imperfections, welfare, counterfactual, economic growth

23.

Innovation and the Market Value of UK Firms, 1989-1995

Number of pages: 23 Posted: 05 Dec 2002
Otto Toivanen, P. Stoneman and Derek L. Bosworth
Aalto University - Department of Economics, University of Warwick Business School and affiliation not provided to SSRN
Downloads 17 (761,536)
Citation 2

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24.

Monitoring and Market Power in Loan Markets

Bank of Finland Research Discussion Paper No. 9/2000
Number of pages: 49 Posted: 14 Aug 2017 Last Revised: 18 Nov 2021
Ari Hyytinen and Otto Toivanen
University of Jyväskylä and Aalto University - Department of Economics
Downloads 10 (829,604)

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25.

A Year Older, a Year Wiser (and Farther from Frontier): Invention Rents and Human Capital Depreciation

NBER Working Paper No. w29863
Number of pages: 49 Posted: 28 Mar 2022 Last Revised: 07 Aug 2022
London School of Economics & Political Science (LSE) - London School of Economics, University of Chicago - Department of Economics, University of Jyväskylä and Aalto University - Department of Economics
Downloads 6 (873,233)
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26.

Income Inequality and Technology Diffusion: Evidence from Developing Countries

Scandinavian Journal of Economics, Vol. 113, Issue 2, pp. 364-387, 2011
Number of pages: 24 Posted: 24 May 2011
Ari Hyytinen and Otto Toivanen
University of Jyväskylä and Aalto University - Department of Economics
Downloads 4 (896,659)

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Developing countries, inequality, mobile phones, technology diffusion, instrumental variables

27.

Entrepreneurship, Financiership, and Selection

The Scandinavian Journal of Economics, Vol. 114, Issue 2, pp. 601-628, 2012
Number of pages: 28 Posted: 16 May 2012
Tuomas Takalo and Otto Toivanen
Bank of Finland and Aalto University - Department of Economics
Downloads 3 (909,447)

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Asymmetric information, credit constraints, entrepreneurial finance, financial market efficiency, start‐up creation

28.

From Conference Submission to Publication and Citations: Evidence from the Earie Conference

CEPR Discussion Paper No. DP16990
Number of pages: 55 Posted: 04 Feb 2022
Yossi Spiegel and Otto Toivanen
Tel Aviv University, Coller School of Management and Aalto University - Department of Economics
Downloads 0 (950,291)
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Citations, conference, presentation, publication, ranking, submission

29.

Inequality and Creative Destruction

CEPR Discussion Paper No. DP16867
Number of pages: 48 Posted: 04 Feb 2022
Richard W. Blundell, Xavier Jaravel and Otto Toivanen
UCL, London School of Economics & Political Science (LSE) - Department of Economics and Aalto University - Department of Economics
Downloads 0 (950,291)
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30.

Design of Public Procurement Auctions: Evidence from Cleaning Contracts

CEPR Discussion Paper No. DP11708
Number of pages: 88 Posted: 19 Dec 2016
Sofia Lundberg and Otto Toivanen
University of Umea - Department of Economics and Aalto University - Department of Economics
Downloads 0 (950,291)
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auction design, beauty contests, Entry, public procurement, scoring

31.

Do Financial Constraints Hold Back Innovation and Growth? Evidence on the Role of Public Policy

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 04 Nov 2009
Otto Toivanen and Ari Hyytinen
Aalto University - Department of Economics and University of Jyväskylä

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Research Institute of the Finnish Economy (ETLA), Innovation process, Finance, Financial constraints, Access to capital, Firm growth, Financial markets, Public policy, Federal aid, R&D

32.

Selection or Self-Rejection? Applications into a Treatment Program: The Case of R&D Subsidies

RICAFE Working Paper No. 014
Posted: 16 Feb 2005
Tuomas Takalo, Tanja Tanayama and Otto Toivanen
Bank of Finland, Government of the Republic of Finland - National Audit Office of Finland and Aalto University - Department of Economics

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Applications, effort, investment, rate of return, R&D, selection, subsidies, treatment program, treatment effects, welfare

33.

Choosing Standards

HECER Discussion Paper No. 28
Posted: 17 Jan 2005
Otto Toivanen
Aalto University - Department of Economics

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Standards, welfare, patents, network effects, telecom, mobile phones

34.

Asymmetric Information and the Market Structure of the Venture Capital Industry

Posted: 16 Feb 2004
Ari Hyytinen and Otto Toivanen
University of Jyväskylä and Aalto University - Department of Economics

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Venture capital, asymmetric information, entry, market structure