In the face of complex budget constraints the assumption of rationally acting individuals having complete knowledge of the tax system is a theoretical borderline. The specific issues examined in this study are (i) to what extent do consumers (here married women) perceive their true marginal tax...

This paper addresses three major aspects of firms' process innovative activity: forward- looking behaviour, uncertainty w.r.t. returns of R&D investments, and oligopolistic competition on the product market. Assuming that R&D expenditures are cost-reducing investments, we derive an Euler...

Die Beiträge sind vornehmlich den Problemen des Ausbildungsstellenmarktes gewidmet und untersuchen insbesondere die Frage, welche Effekte von staatlichen Eingriffen auf das Ausbildungsstellenangebot ausgehen.

Der vorliegende Band behandelt einige Problembereiche in der Anwendung der stochastischen Kontrolltheorie in Verbindung mit makroökonometrischen Modellen: - die Bedeutung während des Planungszeitraums zusätzlich anfallender Informationen für die Aufstellung optimaler Entscheidungsregeln, -...

This paper summarizes some recent developments in rnicroeconometrics with respect to methods for estimation and inference in non-linear models based on cross-section and panel data. In particular we discuss recent progress in estimation with conditional moment restrictions, simulation methods,...

In this paper we model the dynamic multivariate density of discrete bid and ask quote changes and their associated depths. We account for the contemporaneous relationship between these trading marks by exploiting the concept of copula functions. Thereby we show how to model truncations of the...