We build a two-country general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in data economies on each country's production and international trade. Raw data as byproducts of consumption can be transformed into various types of working data...

Commitment im Sinne von Selbstbindung an wettbewerbsstrategische Entscheidungen ist eine unerläßliche Voraussetzung für die Erlangung nachhaltiger Wettbewerbsvorteile. Nur die Bindung an spezifische, weder imitier- noch handelbare Ressourcen eröffnet einer Unternehmung die Chance,...

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...