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'Residual' Wage Disparity in Directed Search Equilibrium

Kennes, John; King, Ian Paul; Julien, Benoit - EconWPA - 2002

We examine how much of the observed wage dispersion among similar workers can be explained as a consequence of a lack of coordination among employers. To do this, we construct a directed search model with homogenous workers but where firms can create either good or bad jobs, aimed at either...

Persistent link: https://www.econbiz.de/10005126186

Estimating a Life Cycle Model with Unemployment and Human Capital Depreciation

Pollak, Andreas - EconWPA - 2005

I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...

Persistent link: https://www.econbiz.de/10005119102

From Economic Activity to Understanding Spaces

Iribarren, Diego - EconWPA - 2003

This paper constructs the probability space underlying the random variable of any time dependent econometric specification. The construction links concrete economic activity, both perceived and recorded, and econometric formulations. Furthermore, it is argued that the probability events...

Persistent link: https://www.econbiz.de/10005407919

Housing and Labor Market Connections: the Portuguese Case

Carvalho, Pedro Guedes - EconWPA - 2002

European housing systems - Portugal, Spain, Italy and Greece Œ under the assumption that they had a different path other than …

Persistent link: https://www.econbiz.de/10005076780

The Forecasting Accuracy of Five Time Series Models: Evidence from the Portuguese Car Market

Ramos, Francisco F. R. - EconWPA - 1996

This paper compares the out-of-sample forecasting accuracy of five classes of time series models for market shares of the six most important Portuguese car market competitors over differents horizons. As representative time series models I employ a random-walk with drift (Naive), a univariate...

Persistent link: https://www.econbiz.de/10005119118

Housing Demand in Portugal

Carvalho, Pedro Guedes - EconWPA - 2003

In a former study (Carvalho 1995) we modeled the housing market in Portugal in a classic cross section framework and …

Persistent link: https://www.econbiz.de/10005119161

A Theory of Technology Diffusion

Mukoyama, Toshihiko - EconWPA - 2003

What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...

Persistent link: https://www.econbiz.de/10005126129

Micro Takes Over Macro

Gani, M - EconWPA - 2004

An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines …

Persistent link: https://www.econbiz.de/10005412698

Innovation and Market Value

Hall, Bronwyn H. - EconWPA - 1999

This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms …. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …

Persistent link: https://www.econbiz.de/10005413048

INNOVATION AND VENTURE CAPITAL EXITS

SCHWIENBACHER, Armin - EconWPA - 2001

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

Persistent link: https://www.econbiz.de/10005413189