Recycling waste from used goods can substitute for scarce raw materials and reduce resource dependence. This paper presents a model of waste collection, recycling and final goods production using raw and recycled materials. Non-recycled waste must be safely stored by landfill to avoid...

How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...

How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...

Im Brennpunkt der Wirtschaftspolitik -- Universitäten brauchen Basisfinanzierung -- Universitäten beflügeln die Wirtschaft -- Die Aufhebung des Patentschutzes bremst Innovation -- Sind Patente tatsächlich ein Hindernis für Folgeinnovationen? - Weniger Emissionen Dank Innovationen -- Mit...