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Investments and the holdup problem in a matching market
Bester, Helmut - 2009
This paper studies investment incentives in the steady state of a dynamic bilateral matching market. Because of search … underinvestment on both sides of the market. But when market frictions become negligible, the equilibrium investment levels tend …
Persistent link: https://www.econbiz.de/10003875985
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Incomplete contracts and the impact of globalization on consumer welfare
Defever, Fabrice - 2011
Persistent link: https://www.econbiz.de/10009243310
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Human capital creates insider power
Muysken, John; Zwick, Thomas - 1999
This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...
Persistent link: https://www.econbiz.de/10013428249
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National economic impacts of an EU environmental policy : an applied general equilibrium analysis
Conrad, Klaus; Schmidt, Tobias F. N. - 1995
The objective of this paper is to quantify the economic effects of the introduction of a system of tradable permits in the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member countries. This method enables us to measure the change in...
Persistent link: https://www.econbiz.de/10011620808
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National economic impacts of an EU environmental policy : an applied general equilibrium analysis
Conrad, Klaus; Schmidt, Tobias F. N. - 1995
Persistent link: https://www.econbiz.de/10013428017
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Towards a theory and policy of eco-innovation : neoclassical and (co-)evolutionary perspectives
Rennings, Klaus - 1998
approaches have their merits and limits concerning a theory and policy of ecoinnovation. Neoclassical methods are most elaborated … question is if innovations toward sustainability can be treated like normal innovations or if a specific theory and policy are … social and institutional innovation in both eco-innovation theory and policy. …
Persistent link: https://www.econbiz.de/10013428160
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Advance sales and deterrence with heterogeneous firms
Thille, Henry; Mitraille, Sébastien - 2022
Persistent link: https://www.econbiz.de/10012819973
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Information, sunk costs and entry equilibria
MacLeod, W. Bentley - 1985
Persistent link: https://www.econbiz.de/10003528625
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On the effect of sunk costs
MacLeod, W. Bentley - 1984
Persistent link: https://www.econbiz.de/10003529403
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Learning through period and physical time
Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022
We demonstrate in a laboratory experiment in which subjects play a two-player Cournot-Tullock game over hundreds of periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and 'physical time.'
Persistent link: https://www.econbiz.de/10013326949