Showing 1 - 10 of 42
We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation increases the competitive pressure on existing firms and workers, reducing the profits of existing firms and eroding the human capital of older workers. Due to the lack of...
Persistent link: https://www.econbiz.de/10012463192
Persistent link: https://www.econbiz.de/10003864543
Persistent link: https://www.econbiz.de/10003342150
Persistent link: https://www.econbiz.de/10003866578
Persistent link: https://www.econbiz.de/10003866581
Persistent link: https://www.econbiz.de/10003866590
Persistent link: https://www.econbiz.de/10003883893
Persistent link: https://www.econbiz.de/10003914446
Persistent link: https://www.econbiz.de/10003982200
Persistent link: https://www.econbiz.de/10009158174