Showing 1 - 10 of 18,863
interest-bearing wealth or savings. The validity of the hypothesis has been challenged by several empirical (ir …
Persistent link: https://www.econbiz.de/10011078555
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium solutions. We provide a sufficient...
Persistent link: https://www.econbiz.de/10005106604
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...
Persistent link: https://www.econbiz.de/10010954295
We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a …
Persistent link: https://www.econbiz.de/10011201356
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Growth is generated through human capital accumulation and knowledge externalities. The available knowledge in any country depends on its connections to the rest of...
Persistent link: https://www.econbiz.de/10011256592
-term interest rates?. Two theories have been proposed to explain it: the Expectation Hypothesis and the Liquidity Preference … that account for the persistence and heteroskedasticity of the interest rates. The results support the Liquidity Preference …
Persistent link: https://www.econbiz.de/10010762841
Abstract I model dynamic product design along price and non-price dimensions by a firm in a market with positive network externalities between consumers. In the case of a usage fee, I provide conditions under which the steady state (SS) is unique and show that the introductory price is negative...
Persistent link: https://www.econbiz.de/10010934839
This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with … endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying … intensity of cooperation and innovation. Within different knowledge regimes, we examine the structure of networks that emerge …
Persistent link: https://www.econbiz.de/10010659985
This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with … endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying … intensity of cooperation and innovation. Within different knowledge regimes, we examine the structure of networks that emerge …
Persistent link: https://www.econbiz.de/10010660259
accurately determining the structure of real networks can be difficult and the network averaging technique provides a proxy for … real networks. A second aim is to introduce the adaptive interactive expectations (AIE) model, which uses a ‘pressure to … networks. The AIE model could be readily applied to other forms of expectations and as a replacement for the utility curve …
Persistent link: https://www.econbiz.de/10011257744