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On-the-Job Search and Optimal Schooling Under Uncertainty and Irreversibility

Zaharieva, Anna - 2013

This paper develops a labour market model with on-the-job search, match-specific productivity draws and an endogenous irreversible schooling decision. The choice of schooling is modeled as an optimal stopping problem which gives rise to the equilibrium heterogeneity of workers with respect to...

Persistent link: https://www.econbiz.de/10014153748

Repeated Selection with Heterogenous Individuals and Relative Age Effects

Dawid, Herbert - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...

Persistent link: https://www.econbiz.de/10013097722

The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions

Clemens, Christiane - 2013

This paper examines the consequences of international financial integration in a two-sector heterogeneous-agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial market...

Persistent link: https://www.econbiz.de/10013075269

Why Do Migrant Workers Rely More Often on Referrals?

Alaverdyan, Sevak - 2018

Intuitively, one can expect that migrant workers have smaller social networks in the new destination country and by that smaller probability of finding a job through referrals. However, empirical analysis of the SOEP data from 2002 to 2008 show that 41.24% of migrant workers and 31.79% of native...

Persistent link: https://www.econbiz.de/10012924155

Distributional Effects of Technological Regime Changes : Hysteresis, Concentration and Inequality Dynamics

Dawid, Herbert; Hepp, Jasper - 2021

In this paper we study the effect of different types of technological regime changes on the evolution of industry concentration and wage inequality. Using a calibrated agent-based macroeconomic framework, the Eurace@Unibi model, we consider scenarios where the new regime is characterized by more...

Persistent link: https://www.econbiz.de/10013240383

Complementary Assets, Start-Ups and Incentives to Innovate

Colombo, Luca - 2013

incumbent firms to invest in R&D might be reduced because of the increased danger of knowledge loss occurring through start …

Persistent link: https://www.econbiz.de/10013083685

Dynamic Investment Strategies and Leadership in Product Innovation

Dawid, Herbert - 2017

We employ a dynamic market model with endogenous creation of submarkets to study the optimal product innovation … strategies of incumbent firms. Firms invest in production capacity and R&D knowledge stock, where the latter determines the … hazard rate of innovation. We find that under Markov Perfect Equilibrium behavior the firm with a larger market share on the …

Persistent link: https://www.econbiz.de/10012961346

Product Innovation With Partial Capacity Rollover

Dawid, Herbert - 2019

homogeneous product. The firms invest in production capacities and simultaneously in R&D which determines their innovation rate … the cannibalization effect gives the smaller firm a higher innovation incentive. As a logical consequence we find that the …

Persistent link: https://www.econbiz.de/10012888955

Euraceunibi-eco : A Model of Technology Transitions

Hötte, Kerstin - 2019

.Main research areas covered by the model extension are directed technological change, innovation diffusion and technology …

Persistent link: https://www.econbiz.de/10012868531

The Impact of Credit Rating on Innovation in a Two-Sector Evolutionary Model

Assmuth, Pascal - 2015

Empirical evidence shows that innovative firms are often more constrained in obtaining external funds than less innovative firms. Explanations are based on the uncertain outcome and high costs of R&D effort. When providing credit, the lender assesses the creditworthiness of the borrower. She...

Persistent link: https://www.econbiz.de/10013013500