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Maintenance Costs, Obsolescence, and Endogenous Growth

Berden, Koen G.; van Marrewijk, Charles - 2001

We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...

Persistent link: https://www.econbiz.de/10010325047

Do early-ending conditional cash transfer programs crowd out school enrollment?

Wiegand, Martin - 2019

This paper explores how a conditional cash transfer program influences students’ schooling decisions when program payments stop in the middle of the school career. To that end, I examine Mexico’s Progresa, which covered students only until the end of middle school (at age 15) in its early...

Persistent link: https://www.econbiz.de/10012114806

On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply

de Hek, Paul A. - 2003

capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of …

Persistent link: https://www.econbiz.de/10010324760

Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

Jacobs, Bas; van Wijnbergen, Sweder J.G. - 2005

We apply theories of capital market failure to ana1yzeoptima1 financing of risky higher education. In the market … solution,students can only finance their education through debt. There isunderinvestment in human capita1, because some … equityfinancing of education coupled to provision of some income insuranceis the optimal way to finance education when private markets …

Persistent link: https://www.econbiz.de/10010325581

Human Capital, Firm Capabilities, and Innovation

Bhaskarbhatla, Ajay; Hegde, Deepak; Peeters, Thomas - 2017

Are differences in inventor productivity due to differences in inventors’ skills or differences in the capabilities of the firms they work for? We analyze a 37-year panel that tracks the patenting of U.S. inventors and find strong evidence for serial correlation in inventors’ productivity....

Persistent link: https://www.econbiz.de/10011819508

Skill Variety, Innovation and New Business Formation

Hessels, Jolanda; Brixy, Udo; Naudé, Wim; Gries, Thomas - 2014

We extend Lazear's theory of skills variety and entrepreneurship in three directions. First, we provide a theoretical framework linking new business creation with an entrepreneur's skill variety. Second, in this model we allow for both generalists and specialists to possess skill variety. Third,...

Persistent link: https://www.econbiz.de/10010377186

Human Capital Formation: The Importance of Endogenous Longevity

Galama, Titus; van Kippersluis, Hans - 2022

We present a theory of human capital, with its two most essential components, health capital and, what we term, skill capital, endogenously determined within the model. Using the theory, and a calibrated version of it, we uncover and highlight an important economic mechanism driving...

Persistent link: https://www.econbiz.de/10013356482

Unemployment, Growth and the Organisation of Work

de Groot, Henri L.F.; van Schaik, Anton B.T.M. - 2002

We develop a two-sector endogenous growth model with a dual labour market resulting from the presence of an effort extraction function in one sector. Effort of workers can be influenced by pay and monitoring. This results in an endogenous non-competitive wage differential between sectors and a...

Persistent link: https://www.econbiz.de/10010324907

In Defense of Trusts: R&D Cooperation in Global Perspective

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2013

We examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial marginal cost levels (technologies), including those...

Persistent link: https://www.econbiz.de/10010326462

R&D Cooperatives and Market Collusion: A Global Dynamic Approach

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2017

We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (The American Economic Review 78(5): 1133–1137, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product...

Persistent link: https://www.econbiz.de/10011662518

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