Showing 71 - 80 of 157
A simple semi-endogenous growth model is employed to show that optimal subsidization of both R&D and capital costs is independent of the distribution of R&D skills in the workforce. This holds despite the empirically supported fact that a higher R&D subsidy rate raises wages of R&D workers.
Persistent link: https://www.econbiz.de/10010311761
encompassing unions form. It is shown that a production function satisfying decreasing marginal productivity leads to the formation … changes in heterogeneity, e.g. increased demand for skilled labor, are also analyzed. In the most reasonable setup, a change … in heterogeneity does not affect the decision whether to form a union or not. This contrasts with the result in Jun (1989). …
Persistent link: https://www.econbiz.de/10010321711
We propose that heterogeneous asset trading behavior is the result of two distinct, non-convertible mental dimensions: analytical ("quantitative") capability and mentalizing ("perspective-taking") capability. We develop a framework of mental capabilities that yields testable predictions about...
Persistent link: https://www.econbiz.de/10011663193
We propose a formal way to systematically study the differential effects of exogenous shocks in economic models with heterogeneous agents. Our setting applies to models that can be rephrased as "competition for market shares" in a broad sense. We show that even in presence of any number of...
Persistent link: https://www.econbiz.de/10011663196
valuations are homogeneous, our source of heterogeneity induces full cost-sharing and the first-best individual contributions …; further, the group probability of winning goes up. With heterogeneity in prize valuations, an increase in the effectiveness of … too low. Tragically, if productivity is low (if the prize is private in our set up) this occurs with corrupt coalitions …
Persistent link: https://www.econbiz.de/10012269867
voluntary environmental regulation (VER)have positive effects on SWB, but there exist the heterogeneity effects in the links …
Persistent link: https://www.econbiz.de/10012819785
research, we document an important source of heterogeneity in the impact of incarceration on recidivism. Incarceration creates …
Persistent link: https://www.econbiz.de/10012888652
of this solution in bargaining over real goods. The paper shows that there is notable heterogeneity among subjects with …
Persistent link: https://www.econbiz.de/10013208577
Using a parsimonious, analytically tractable dynamic model, we are able to explain up to 100 years of the available data on the dynamics of top-wealth shares for several countries. We build a micro-founded model of heterogeneous agents in which - in addition to stochastic returns on investment -...
Persistent link: https://www.econbiz.de/10013208788
A recent study proposed by Westerlund (CCE in Panels with General Unknown Factors, Econometrics Journal, 21, 264-276, 2018) showed that a very popular Common Correlated Effects (CCE) estimator is significantly more applicable than it was thought before. Contrary to the usual stationarity...
Persistent link: https://www.econbiz.de/10013208900