Subject of the present study is the agent-based computer simulation ofAgent Island. Agent Island is a macroeconomic model, which belongs to thefield of monetary theory. Agent-based modeling is an innovative tool thatmade much progress in other scientific fields like medicine or logistics.In...

For researchers studying the economic development of nations, the availability of human capital data is crucial. Economists making efforts to examine the impact of human resources on economic development before the end of World War II often face massive problems. Methods of collecting data,...

This dissertation explores different perspectives on the growth trajectory of companies spun off from publicly funded research. It is composed of four papers, of which the first one provides an overview of the environment for spin-offs in Canada, and the three remaining papers present...

Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of...

Edith Penrose’s theory of firm growth postulates that a firm’s current growth rate will be influenced by the adjustment costs of, and changes to a firm’s productive opportunity set arising from, previous growth. Although she explicitly considered the impact of previous organic growth on...

Theory and evidence on government taxation policy. Topics include tax incidence; optimal tax theory; the effect of taxation on labor supply and savings; corrective taxes for externalities; taxation and corporate behavior; and tax expenditure policy. From the course home page: Course Description...