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Intermediate Goods Trade, Technology Choice and Productivity
Peng, Shin Kun - 2016
We develop a dynamic model of intermediate goods trade in which the pattern and the extent of intermediate goods trade are endogenous. We consider a small open economy whose final good production employs an endogenous array of intermediate goods, from low technology (high cost) to high...
Persistent link: https://www.econbiz.de/10013001169
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Renewable Technology Adoption and the Macroeconomy
Adão, Bernardino - 2017
We study the effect of technological progress on the optimal transition to a renewable energy-fueled world economy. We develop a dynamic general equilibrium model where energy is used as an input in production and can come from fossil or renewable sources. Both require the use of capital, which...
Persistent link: https://www.econbiz.de/10012960106
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Timing of Technology Adoption and Product Market Competition
Milliou, Chrysovalantou; Petrakis, Emmanuel - 2021
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10013316352
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Employment Protection versus Flexicurity : On Technology Adoption in Unionised Firms
Lommerud, Kjell Erik; Straume, Odd Rune - 2021
We analyse how different labour market institutions - employment protection versus flexicurity - affect technology adoption in unionised firms. We consider both trade unions' incentives to oppose or endorse labour-saving technology, and firms' incentives to invest in such technology. We find...
Persistent link: https://www.econbiz.de/10013316440
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Industrialisation and the Big Push in a Global Economy
Kreickemeier, Udo - 2017
In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...
Persistent link: https://www.econbiz.de/10012954362
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Is Industrialization Conducive to Long-Run Prosperity?
Franck, Raphael - 2015
This research explores the long-run effect of industrialization on the process of development. In contrast to … subsequent decades. Nevertheless, early industrialization had an adverse effect on income per capita, employment and equality by … that the characteristics that permitted the onset of industrialization, rather than the adoption of industrial technology …
Persistent link: https://www.econbiz.de/10013021750
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Beyond Condorcet : Optimal Aggregation Rules Using Voting Records
Baharad, Eyal - 2011
The difficulty of optimal decision making in uncertain dichotomous choice settings is that it requires information on the expertise of the decision makers (voters). This paper presents a method of optimally weighting voters even without testing them against questions with known right answers....
Persistent link: https://www.econbiz.de/10013130422
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Why Does Environmental Policy in Representative Democracies Tend to Be Inadequate? A Preliminary Public Choice Analysis
Kollmann, Andrea - 2010
. To identify the reasons for this insufficient implementation in the past decade the Public Choice theory is used. The …
Persistent link: https://www.econbiz.de/10013136587
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Symmetric and Asymmetric Committees
Ben-Yashar, Ruth - 2011
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10013122583
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Precommitted Government Spending and Partisan Politics
Bohn, Henning - 2011
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a “stubborn liberal” policy maker can...
Persistent link: https://www.econbiz.de/10013124681