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We study how beliefs about the automatability of workers' occupation affect labor-market expectations and willingness to participate in further training. In our representative online survey, respondents on average underestimate the automation risk of their occupation, especially those in...
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Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on … was subsequently cited. results from two wide-ranging surveys, one in Germany and one in the United States, support … expiration in environments such as Germany with highly progressive annual maintenance fees are more valuable and more highly …
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We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more concerned about being induced to finance bad risk...
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Patent renewal studies reveal a highly rightward-skewed distribution of patent values. Our approach elicits valuations approximating those of the patented invention. This paper focuses on the full-term patents of the application year 1977 held by West German and U.S. residents. The tail of...
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. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter. …
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