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Education, Innovation, and Growth - Critical Appraisal and Cliometric Analyses with Implications for Present Economic Policy
Müller, Normann - 2009
'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a … education. Further, by differentiating 'education' and 'knowledge' it becomes obvious that growth externalities according to …
Persistent link: https://www.econbiz.de/10009475316
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Revenue Recycling and the Welfare Effects of Road Pricing
Parry, Ian W.H.; Bento, Antonio M. - 1999
This paper explores the interactions between taxes on work-related traffic congestion and pre-existing distortionary taxes in the labor market. A congestion tax raises the overall costs of commuting to work and discourages labor force participation at the margin, when revenues are returned in...
Persistent link: https://www.econbiz.de/10009445501
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Imperfect competition in product markets and labor markets, general equilibrium and unemployment
Schniewind, Achim - 2000
In this thesis it is analyzed if promoting product market competition can help to to fight unemployment in Europe. We have used a general equilibrium model in order to study how reducing mark-ups and increasing productivity in one sector affect aggregate unemployment for an exogenously given...
Persistent link: https://www.econbiz.de/10009476214
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Envy and habits : panel data estimates of interdependent preferences
Alvarez-Cuadrado, Francisco; Sutthiphisal, Dhanoos; … - 2012
We estimate the importance of preference interdependence from consumption choices. Our strategy follows the literature that tests the constraints imposed by optimality in the evolution of individual consumption. We derive a Euler equation from a preference specifi cation that allows for...
Persistent link: https://www.econbiz.de/10012530376
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An Equilibrium Model of Rare Event Premia
Liu, Jun; Pan, Jun; Wang, Tan - 2002
In this paper, we study the asset pricing implication of imprecise knowledge about rare events. Modeling rare events as jumps in the aggregate endowment, we explicitly solve the equilibrium asset prices in a pure-exchange economy with a representative agent who is averse not only to risk but...
Persistent link: https://www.econbiz.de/10009432806
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Two essays on general equilibrium foundation of finance
Siwik, Thomas - 2002
The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The utility functions are assumed to depend positively on...
Persistent link: https://www.econbiz.de/10009452580
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The Macroecology of Island Floras
Weigelt, Patrick - 2014
Marine Inseln beherbergen einen großen Teil der biologischen Vielfalt unseres Planeten und weisen gleichzeitig einen hohen Anteil endemischer Arten auf. Inselbiota sind allerdings zudem besonders anfällig für anthropogene Einflüsse wie den globalen Klimawandel, Habitatverlust und invasive...
Persistent link: https://www.econbiz.de/10011288107
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On Trees and Logs
Cass, David; Pavlova, Anna - 2002
In this paper we critically examine the main workhorse model in asset pricing theory, the Lucas (1978) tree model (LT-Model), extended to include heterogeneous agents and multiple goods, and contrast it to the benchmark model in financial equilibrium theory, the real assets model (RA-Model)....
Persistent link: https://www.econbiz.de/10009433019
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Die unsichtbare Hand - und vier Versuche, sie sichtbar zu machen. Eine kritische Analyse der allgemeinen Gleichgewichtstheorie und ausgew?hlter ideengeschichtlicher Vorl?ufer
Hopp, Stefan - 2004
' der allgemeinen Gleichgewichtstheorie nach Arrow und Hahn (1971). Im Mittelpunkt der Untersuchung stehen historische und …
Persistent link: https://www.econbiz.de/10009480998
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Four Essays on Human Capital Externalities
Heuermann, Daniel Frederik - 2009
productivity. It takes the notion of local human capital externalities as its core theoretical concept, which contends that … respect to Germany, the notion of local human capital externalities is of potential relevance since average levels of … regional productivity can be assigned to local human capital externalities and sheds light on the microeconomic mechanisms …
Persistent link: https://www.econbiz.de/10009481264