An engineering-economic model is used within a dynamic setting to determine the least cost mix of investment and import activities as the U.S. steel industry faces successively tighter controls on coke oven emissions over the next 10 years. In response to Maximum Achievable Control Technology...

Various theories have been advanced for why employees leave incumbent firms to found firms in the same industry, which we call spinoffs. We review the accumulating evidence about spinoffs in various high-tech industries, highlighting the central role often played by disagreements. Because...

This study investigates the effect of broadband internet availability on German establishments' employment growth. The database used is a random sample of business establishments, augmented by the local availability of broadband. The observation period is 2005-2010, when broadband was introduced...

This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous...