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Strategic Technology Adoption under Technological Uncertainty

Dehghani, Mohammad Hossein - 2014

This paper studies technology adoption in a duopoly where the unbiased technological change improves production efficiency. Technological progress is exogenous and modeled as a jump process with a drift. There is always a Markov perfect equilibrium in which the firm with more efficient...

Persistent link: https://www.econbiz.de/10014182833

Policy Uncertainty and Technology Adoption

Dehghani, Mohammad Hossein - 2019

This paper considers technology adoption under both technological and subsidy uncertainties. Uncertainty in subsidies for green technologies is considered as an example. Technological progress is exogenous and modeled as a jump process with a drift. The analytical solution is presented for cases...

Persistent link: https://www.econbiz.de/10014195613

Demographic uncertainty and generational consumption risk with endogenous human capital

Emerson, Patrick M.; Knabb, Shawn D. - 2018

attenuate factor price movements in response to birth rate shocks. Specifically, we show that if education spending per child is … size of each generation. The degree of this attenuation effect will depend on the effectiveness of education spending in … own demographic uncertainty. As a final exercise, we demonstrate that if the tax rate funding education spending varies …

Persistent link: https://www.econbiz.de/10011803190

Policy uncertainty and technology adoption

Dehghani, Mohammad H. - In: The B.E. journal of economic analysis & policy 14 (2014) 4, pp. 1405-1430

Persistent link: https://www.econbiz.de/10010421870

Insurance in human capital models with limited enforcement

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2016

This paper develops a tractable human capital model with limited enforceability of contracts. The model economy is populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk-free physical capital and risky human capital. Households have...

Persistent link: https://www.econbiz.de/10011497531

Insurance in human capital models with limited enforcement

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2016

Persistent link: https://www.econbiz.de/10011500171

Insurance in human capital models with limited enforcement

Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - 2016

Persistent link: https://www.econbiz.de/10011476545

Specialized Human Capital, Unemployment Risk, and the Value Premium

Jank, Stephan - 2014

To determine whether negative shocks to specialized human capital are priced in the cross section of stock returns, this study measures shocks to industry-specific human capital by employment growth in that industry. In industries in which employment contracts, exposure to the value factor is...

Persistent link: https://www.econbiz.de/10013043977

Risk preferences and training investments

Caliendo, Marco; Cobb-Clark, Deborah A.; Obst, Cosima; … - 2020

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...

Persistent link: https://www.econbiz.de/10012306154

Trade, Human Capital, and Income Risk

Deng, Liuchun; Krishna, Pravin; Senses, Mine Zeynep; … - 2022

In this paper, we empirically assess the causal relationship between trade and individual income risk and study the role that human capital plays in this relationship using a rich, worker-level, longitudinal data set from Germany spanning from 1976 to 2012. Our estimates suggest substantial...

Persistent link: https://www.econbiz.de/10014083961

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