Showing 1 - 10 of 76
We construct an endogenous growth model of directed technical change with automation (the introduction of machines … are low, which induces little automation, such that income inequality and labor's share of GDP are constant. Second, as … low-skill wages increase, investment in automation is stimulated, which depresses the future growth rate of low …
Persistent link: https://www.econbiz.de/10011084688
. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …
Persistent link: https://www.econbiz.de/10009399707
implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …
Persistent link: https://www.econbiz.de/10005041099
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10011084454
technology (like R&D). Technologies can account for up to a quarter of the growth in demand for the college educated in the …
Persistent link: https://www.econbiz.de/10008553070
differences, unobserved region-industry factor quality differences and variation in production technology across industries. We … findings, including multiple cones of diversification, region-industry technology differences, agglomeration, and increasing …
Persistent link: https://www.econbiz.de/10005123669
relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate … find that the technology intensities of downstream (producer) and upstream (supplier) industries have opposite effects on … measures of technology intensity, with alternative estimation strategies, and with or without controlling for a number of firm …
Persistent link: https://www.econbiz.de/10005123944
computerization instead of R&D as a measure of technology; (iv) in the Anglo-Saxon countries a maximum of one-third of the aggregate …
Persistent link: https://www.econbiz.de/10005124191
management, as a key factor. A model of the interaction between technology, organization and economic performance is then … adjustment in technology-using sectors if it is not suited to the social capabilities of the society; (4) reversal of …
Persistent link: https://www.econbiz.de/10005124451
Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A … communication technology, have a wider span of organization, and are further removed from a decision unit with lending authority … organizational structure and technology of rival banks in the vicinity influence local banking competition. …
Persistent link: https://www.econbiz.de/10005136523