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A class of behavioral models for the profit-maximizing firm

Choné, Philippe; Linnemer, Laurent - 2022

We study the behavior of a firm that consistently maximizes a misspecified profit function. We provide an equilibrium concept where the misspecification error remains undetected. We examine the uniqueness and stability of the equilibria. The model of the price-taking firm belongs to this class....

Persistent link: https://www.econbiz.de/10013186353

Mind the knowledge gap! : the origins of declining business dynamism in a macro agent-based model

Delli Gatti, Domenico; Terranova, Roberta; Turco, Enrico - 2023

In this paper we replicate most of the stylized facts characterizing the decline in business dynamism in the USA highlighted by Akcigit and Ates (2021) and provide an explanation of their emergence by means of a macroeconomic agent-based model populated by two types of firms: innovators who...

Persistent link: https://www.econbiz.de/10014383652

Labor market sorting in Germany : presented at CESifo Area Conference on Employment and Social Protection, April 2016

Lochner, Benjamin; Schulz, Bastian - 2016

This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to …

Persistent link: https://www.econbiz.de/10011524613

The hardships of long distance relationships : time zone proximity and knowledge transmission within multinational firms

Bahar, Dany - 2018

Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...

Persistent link: https://www.econbiz.de/10011864328

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in … between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product … innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …

Persistent link: https://www.econbiz.de/10011283837

Indirect and feedback effects as measure of knowledge spillovers in French regions

Moussa, Inès; Laurent, Thibault - In: Applied economics letters 22 (2015) 7/9, pp. 511-514

Persistent link: https://www.econbiz.de/10010528820

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …

Persistent link: https://www.econbiz.de/10010249680

Does innovation cause exports? : evidence from exogenous innovation impulses and obstacles

Lachenmaier, Stefan; Woessmann, Ludger - 2004

Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation … exogenous to firms export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 …

Persistent link: https://www.econbiz.de/10011402447

Are fiscal adjustments less successful in decentralized governments?

Schaltegger, Christoph A. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003496665

Natural resource endowment : a mixed blessing?

Thorvaldur Gylfason - 2011

This paper deals with the implications of natural resources for the conduct of economic policies and the role and design of institutions in resource-rich countries. The paper briefly reviews the experience of a few resource-rich countries, highlighting the successes of those that have done well...

Persistent link: https://www.econbiz.de/10009010049

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