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Repeated selection with heterogenous individuals and relative age effects

Dawid, Herbert; Mühlheußer, Gerd - 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/10009522298

Technology, market structure and the gains from trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2017

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …

Persistent link: https://www.econbiz.de/10011750054

Technology, market structure and the gains from trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2021

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …

Persistent link: https://www.econbiz.de/10012507344

Smart products : liability, timing of market introduction, and investments in product safety

Dawid, Herbert; Mühlheußer, Gerd - 2019

This paper addresses the role of product liability for the emergence and development of smart products such as autonomous vehicles (AVs). We analyze how the liability regime affects innovative activities, as well as the timing of market introduction and market penetration of such smart products....

Persistent link: https://www.econbiz.de/10012024639