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A neo-darwinian foundation of evolutionary economics: With an application to the theory of the firm
Rahmeyer, Fritz - 2010
theory of innovation and later - based on Penrose - to resource-based theories of the firm. In this the dynamic process of … theory of the firm. …
Persistent link: https://www.econbiz.de/10010270409
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Modelling the folk theorem of spatial economics: A heterogeneous regional growth model
Klarl, Torben - 2009
During the last year, the research field of spatial economic has rapidly increased. There is consensus thatthe economic performance of a region depends not only on its own potential, but also on the development of their neighbouring regions. Knowledge spillovers, which are non constant over...
Persistent link: https://www.econbiz.de/10010270410
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Firm heterogeneity, credit constraints, and endogenous growth
Klarl, Torben; Maußner, Alfred - 2010
This paper is concerned with the role of firm heterogeneity under credit constraints for economic growth. We focus on firm size, innovativeness and credit constraints in a semi-endogenous growth model reflecting recent empirical findings on firm heterogeneity. It allows for an explicit solution...
Persistent link: https://www.econbiz.de/10010270411
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A Neo-Schumpeterian approach towards public sector economics
Hanusch, Horst; Pyka, Andreas; Wackermann, Florian - 2009
Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the important co-evolutionary dimensions of innovation....
Persistent link: https://www.econbiz.de/10010270414
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Merging of Opinions under Uncertainty
Bier, Monika; Engelage, Daniel - 2010
We consider long-run behavior of agents assessing risk in terms of dynamic convex risk measures or, equivalently … distribution regardless of their initial risk anticipation. In particular, risk assessments of distinct agents converge. This … result is a generalization of the fundamental Blackwell-Dubins Theorem, cp. [Blackwell & Dubins, 62], to convex risk. We …
Persistent link: https://www.econbiz.de/10010270415
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A Note on Kalman Filter Approach To Solution of Rational Expectations Models
Sorge, Marco M. - 2010
In this note, a class of nonlinear dynamic models under rational expectations is studied. A particular solution is found using a model reference adaptive technique via an extended Kalman filtering algorithm, for which initial conditions knowledge only is required.
Persistent link: https://www.econbiz.de/10010270416
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Market Structure and Matching with Contracts
Westkamp, Alexander - 2010
Ostrovsky [10] develops a theory of stability for a model of matching in exogenously given networks. For this model a …
Persistent link: https://www.econbiz.de/10010270419
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Price Discrimination in Input Markets: Downstream Entry and Welfare
Herweg, Fabian; Müller, Daniel - 2010
The extant theory on price discrimination in input markets takes the structure of the intermediate industry as …
Persistent link: https://www.econbiz.de/10010270421
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Risk in a Simple Temporal Framework for Expected Utility Theory and for SKAT, the Stages of Knowledge Ahead Theory
Pope, Robin; Selten, Reinhard - 2009
The paper re-expresses arguments against the normative validity of expected utility theory in Robin Pope (1983, 1991a … (stages of what the future will bring). Such evolution is fundamental to an experience of risk, yet not consistently … effects on well-being before a particular risk is resolved. These are arguments are complemented with an analysis of the …
Persistent link: https://www.econbiz.de/10010270422
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Heterogeneous consumers, segmented asset markets, and the effects of monetary policy
Enders, Zeno - 2010
This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates slowly through the economy via second-round...
Persistent link: https://www.econbiz.de/10010270424