Showing 1 - 10 of 359
We revisit optimal investment in energy-efficiency, presenting a decision framework built around the agent's wealth and … wealth dynamic. An investment rule in the form of a trigger is derived such that the agent invests the first time the energy …
Persistent link: https://www.econbiz.de/10013457313
stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …
Persistent link: https://www.econbiz.de/10011620627
In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...
Persistent link: https://www.econbiz.de/10013460248
investment in energy efficiency as a problem of wealth growth-rate maximisation under uncertainty, subject to the diminishing …Despite the vast literature on the energy-efficiency gap, there is a general dearth of investment models which … incorporate the consumer's temporal freedom in the investment decision. Focusing on the building sector, we formulate optimal …
Persistent link: https://www.econbiz.de/10012486707
the extent of uncertainty and risk-aversion as follows: (i) Individual effort to improve ecosystem quality unambiguously …
Persistent link: https://www.econbiz.de/10010468970
how dependent innovation is on economic growth and what effects a potential long-term economic stagnation or decline may … have on innovation processes and systems. We approach the subject from different angles using mixed methods. First, we … present a quantitative analysis of the linkages between economic growth and innovation activities on a sectoral level, based …
Persistent link: https://www.econbiz.de/10014511707
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10011445230
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10013428380