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Learning and technology adoptions
Scholz, Sebastian - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10003951879
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Learning and Technology Adoptions
Scholz, Sebastian - Volkswirtschaftliche Fakultät, … - 2010
This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10008469945
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Three essays in dynamic economic analysis
Scholz, Sebastian - 2010
Persistent link: https://www.econbiz.de/10003986027
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Investment in a Monopoly With Bayesian Learning
Koulovatianos, Christos; Mirman, Leonard J.; Santugini, Marc - 2011
We study how learning affects an uninformed monopolist's supply and investment decisions under multiplicative … the random demand. Observing prices reveals this information slowly. We first show how to incorporate Bayesian learning … of learning on supply and investment decisions, as well as the steady state level of capital. Our findings are as follows …
Persistent link: https://www.econbiz.de/10014068523
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Optimal Experimentation in a Changing Environment
Keller, Godfrey; Rady, Sven - EconWPA - 1998
This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximises profits over an infinite horizon in continuous time. We show that there are two qualitatively very different regimes, determined by the discount rate and the...
Persistent link: https://www.econbiz.de/10005118645
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Self-confidence and survival
Bar-Isaac, Heski - London School of Economics (LSE) - 2001
We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...
Persistent link: https://www.econbiz.de/10010746467
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On backstops and boomerangs : environmental R&D under technological uncertainty
Goeschl, Timo; Perino, Grischa - 2007
The literature on environmental R&D frequently studies innovation as a two-stage process, with a single R&D event … leading from a conventional polluting technology to a perfectly clean backstop. We allow for uncertainty in innovation in that …
Persistent link: https://www.econbiz.de/10003592670
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Natural Resources, National Income, and Resource Movement Effect under a Rent-Seeking Monopoly
Muradov, Anar - 2023
In this paper, a new model is developed by referring to the literature on Dutch disease and rent-seeking for explaining how a natural resource boom in the energy sector decreases national income and induces a resource movement effect under a rent-seeking monopoly. In such a model, it is shown...
Persistent link: https://www.econbiz.de/10014263908
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From mind to market : a global, dynamic analysis of R&D
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2011
Persistent link: https://www.econbiz.de/10010191085
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Fossil Resources and Climate Change – The Green Paradox and Resource Market Power Revisited in General Equilibrium
Pfeiffer, Johannes - 2017
Diese Dissertation wurde von Johannes Pfeiffer während seiner Zeit am ifo Institut verfasst. Sie wurde im Dezember 2016 …
Persistent link: https://www.econbiz.de/10011777555