Showing 1 - 10 of 23
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wageincome going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10011256637
Biodiversity prospecting refers to the exploration of the commercial value of genetic and biochemical resources. In this chapter, we study a drug producing pharmaceutical firm (PF) that searches for potentially useful chemicals made by wild organisms in a conservation area. This PF is able to...
Persistent link: https://www.econbiz.de/10011256729
use an analytical framework in which wage differentials result from two types of uncertainty. Quantity uncertainty … originates from imperfect foresight in future product demand. I argue that workers who take over part of the quantity uncertainty … from the employer get higher payments. Quality uncertainty on the other hand originates from the fact that employers are ex …
Persistent link: https://www.econbiz.de/10011256891
This paper analyses the effect of uncertainty on investment spending. We analyse twotypes of investment, i.e. aggregate … investment and investment in energy saving technologies,using subjective evaluations of expectations and uncertainty of Dutch … general investment spending. Furthermore, expectationsand uncertainty have important although different effects on investment …
Persistent link: https://www.econbiz.de/10011257051
data from a representative Dutch household panel to study the impact of uncertainty regarding one's savings adequacy on … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results … indicate that the effect of uncertainty is moderated by two factors: an individual's perceived adequacy of current savings and …
Persistent link: https://www.econbiz.de/10011257076
of uncertainty on travel times and the implications this has forestimations of travel time values has received much less … attention in the literature. In thispaper we compare various modelling approaches to address uncertainty and demonstrate … thatignoring uncertainty issues may easily lead to distorted estimates of values of travel time. Thisis of special relevance in …
Persistent link: https://www.econbiz.de/10011257109
alien animal or plant species. To outline an appropriate policy response, we first use renewal theory to construct a …
Persistent link: https://www.econbiz.de/10011257147
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011255608
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011255622
We study a model of collective decision making with endogenous information collection.Agents collect information about the consequences of a project, communicate, and then vote onthe project. We examine under what conditions communication may increase the probability thatgood decisions are made....
Persistent link: https://www.econbiz.de/10011255757