This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United States over the last 150 years. Accor-ding to the “new growth theory,” investments in knowledge and human capital ge-nerate economic growth via spillovers of knowledge. But the...

Scotchmer and Wooders (1987) show that efficient clubs are homogeneouswhen consumers are divisible in Berglas’s (1976) anonymouscrowding model. However, if consumers are not divisible or ifclubs have multiple facilities with economies of scope, mixed clubs areefficient. In such a model, we...

We consider a society composed of two regions. Each of them pro-vides a public good whose benefits reach beyond local boundaries.In case of decentralization, taxes collected by members of a regionare spent only on that region's public good. In case of centralization, tax receipts from the two...

Der vorliegende Beitrag zeigt auf, wie hedonische Preisindizes für Immobilien auf der Basis von Transaktionen berechnet werden können. Der Heterogenität der Immobilien wird dabei durch ein ökonometrisches Modell Rechnung getragen, wobei in dieser Arbeit das Problem der Wahl einer geeigneten...

The main argument in this paper is that new information and communication technologies (ICT) in the financial industry will increase specialisation and competition within the European financial centre system and thereby lead to a ‘re-bundling’ of functions of the various financial centres....

This research report from the Milken Institute ranks U.S. metropolitan areas that are recording the top economic performance and creating the most jobs in the nation. The index is an outcomes-based measure as opposed to one that incorporates explicit measures of business costs, cost-of-living...

A unique data set on home use of computers and the Internet is used to investigate the tradeoffsbetween physically commuting to a work site and telecommuting from home via computers. Thestudy further investigates whether individuals who work from home receive greatercompensation relative to...

This article illustrates the commonly overlooked sample selection probleminherent in using rural classification methods that change over time due to populationchanges. Since fast growing rural areas grow out of their rural status, using recent ruraldefinitions excludes the most successful places...

In einer im Mai 2010 von der WirtschaftsfördergesellschaftVorpommern mbH (WFG) in Zusammenarbeit mit kreislichen undstädtischen Wirtschaftsförderern sowie der Fachhochschule Stralsund, FachbereichWirtschaft, durchgeführten branchenübergreifenden Unternehmensbefragungzur Zufriedenheit mit...

This paper analyzes the determinants of alternative automobile fuel regulation and developmentsupport with a particular focus on methanol fuel. We find that embedded interests, bureaucraticreforms, and political circumstances in the Chinese national, provincial, and municipalgovernments have all...