In markets with imperfect information and heterogeneity, the information technology affects the rate at which agents meet, which in turn affects the distribution of production technologies across firms. We show that in models for such markets there are typically multiple equilibria because...

In der gegenwärtigen Diskussion gilt es als sicher, dass wir in einer Zeit rasant fortschreitender Automatisierung leben, die insbesondere durch den Einsatz von Robotern vorangetrieben wird. Die Roboterdichte gilt dementsprechend in vielen Publikationen als der zentrale Indikator der...

Welche Chancen bieten neue Produktionstechnologien im Kontext der Industrie 4.0 für Hochlohnstandorte, um gegenüber Niedriglohnstandorten wettbewerbsfähiger zu werden und unter Umständen sogar verlagerte Produktion zurückzuholen? Dies wird im vorliegenden Discussion Paper anhand einer...

Der fortschreitende technologische Wandel im Zuge der Digitalisierung bietet enorme Chancen für die deutsche Volkswirtschaft. Er beinhaltet jedoch ebenfalls zahlreiche Herausforderungen. Um die Chancen zu nutzen und gleichzeitig den Herausforderungen zu begegnen, muss der Weg in die...

The knowledge from external sources has been recognized as critical for improving the capabilities of small and medium enterprises (SMEs) to be competitive on the global market. The aim of this paper is to explore main factors which affect SMEs' choice of a dominant source for acquiring...

We study how government green procurement policies influence private-sector demand for similar products. Specifically, we measure the impact of municipal policies requiring governments to construct green buildings on private-sector adoption of the US Green Building Council's Leadership in Energy...

The introduction of a new product generation forces incumbents in network industries to rebuild their installed base to maintain an advantage over potential entrants. We study if backward compatibility moderates this process of rebuilding an installed base. Using a structural model of the U.S....

We first summarize the dominant interpretations of the "frontier" in the United States and predecessor colonies over the past 400 years: agricultural (1610s-1880s), industrial (1890s-1930s), scientific (1940s- 1980s), and algorithmic (1990s-present). We describe the difference between the...

The authors examine the timing and quality of product introduction in an R&D stopping game, where they allow for horizontal and vertical differentiation in the product market. They observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change....

In this paper we generalize the heterogeneous risk adverse agents model of diffusion of new products in a multi-firm, heterogeneous and interacting agents environment. We use a model of choice under uncertainty based on Bayesian theory. We discuss the possibility of product failures, the set of...