Changing product quality, rapid technological progress, and short product life cycles make it difficult to compute indices that correctly reflect the true price movements of IT products. This paper assesses the differences between traditional and quality adjusted indices by providing results for...

Changing product quality poses a challenge for the computation of price indexes, in particular in technologically advanced industries. We assess the differences between traditional and quality-corrected indexes by computing hedonic and matched-model price indexes for personal computer database...

We analyze the economic factors which have contributed to the dramatic decline of the employment share of unskilled labor in German manufacturing, in particular the role played by the relatively rigid earnings structure. Potential effects of intensified international competition and skillbiased...

"Business Angels" spielen in der Frühphase für die Finanzierung von jungen Hightech- Unternehmen eine wichtige Rolle. Sie übernehmen dabei die noch vor wenigen Jahren von Risikokapitalunternehmen ausgefüllte Rolle des wichtigsten Gebers von externem Eigenkapital für neue...