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Young firms are known to grow at a faster rate than incumbents. With administrative firm data from Germany, we show that the higher growth rates indeed translate into upward mobility within the firm size distribution. Young firms are therefore not only able to catch up, but also to grow larger...
Persistent link: https://www.econbiz.de/10011779787
Die Mehrfachverwertung vorhandener Inhalte (Content Syndication) ist ein inverschiedensten Bereichen der Medienbranche verbreitetes Konzept, um ausHerstellersicht Produktionskosten zu refinanzieren bzw. aus Sicht der Inhaltedistributorendie Akquisitionskosten des Inhalteangebots gering zu...
Persistent link: https://www.econbiz.de/10005868887
This paper presents a quantitative analysis of the model developed in Galor and Moav, Natural Selection and the Origin of Economic Growth (2002), in which agents vary genetically in their preference for quality and quantity of children. The simulation produces a pattern of income and population...
Persistent link: https://www.econbiz.de/10013114693
Market economies and command economies have long been differentiated by the presence of alternative choice in the form of diversity. Yet most mainstream economic theory is premised on the existence of uniformity. This paper develops the implications of this contradiction for the theory of...
Persistent link: https://www.econbiz.de/10010318657
characteristics) or on the consumption set (allowing only divisible goods). – Bargaining ; competition ; exchange ; decentralization …
Persistent link: https://www.econbiz.de/10010318969
inequality between heterogeneous agents. By stating our setting as a "competition for market shares", we can derive inequality … predictions for vastly different competition models. This approach allows us to identify a common structure, e.g., in monopolistic … competition, perfect competition, or competition for prizes, that explains why these models deliver similar inequality predictions …
Persistent link: https://www.econbiz.de/10012420689
This paper studies the English (progressive) auction for an exchange economy with multiple objects. The English auction is a tatonnement process and lasts multiple rounds. It is modeled as a sequence of round games. Each round game is a normal form game in which an agent's strategies are his...
Persistent link: https://www.econbiz.de/10010334324
This paper studies a production economy with indivisibilities. We provide a characterization for all Walraian equilibria and a necessary and sufficient condition for the existence of Walrasian equilibrium. We find a sufficient condition for every descening (ascending) price process to converge...
Persistent link: https://www.econbiz.de/10010334352
This paper studies an exchange economy with a finite number of agents in which each agent is initially endowed with a finite number of (personalized) indivisible commodities. We observe that the core equivalence theorem may not hold for this economy when the coalitional form game is generated in...
Persistent link: https://www.econbiz.de/10010334367
competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …
Persistent link: https://www.econbiz.de/10011282467