This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the...

Continuous Gibrat#x2019;s Law and Gabaix#x2019;s Derivation of Zipf#x2019;s Law -- Flow of Firm Creation -- Useful Properties of Realizations of the Geometric Brownian Motion -- Exit or #x201C;Death#x201D; of Firms -- Deviations from Gibrat#x2019;s Law and Implications for Generalized Zipf#x2019;s Laws -- Firm#x2019;s Sudden...

Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...

This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume examines how path dependency is linked with notions of fundamental uncertainty, non-ergodicity and...

Der Wettbewerb zwischen Unternehmen verlagert sich hin zum Wettbewerb zwischen ganzen Wertschöpfungsketten. Hierdurch gewinnt neben der effizienten Zusammenarbeit der am Leistungsprozess beteiligten Unternehmen die Interaktion mit dem jeweils angrenzenden Wettbewerbsumfeld (Beschaffungsmärkte,...

This book describes how to plan and design efficient logistics systems considering simultaneously all integral aspects of their operation, and how to evaluate economically existing or proposed systems. The approach, more physical than mathematical, requires little data

The thesis of Kristina Reimer provides a comprehensive analysis of asymmetric cost behavior (also known as cost stickiness) by discussing its origin and development in the theoretical and empirical research from the 1920s of the past century up until today. Further, using an empirical approach,...