Technological know-how is necessary to make effectively use of new machinery and capital goods. Firms and employees accumulate technology-specific knowledge when working with specific machinery. Radical innovation differs by technology type and pre-existing knowledge may be imperfectly...

Purpose of this paper is the self-contained description of the green technology extension of the macroeconomic agent-based model Eurace@unibi. The original model is extended in mainly five dimensions: (1) There are two types of production technology, i.e. a green and a conventional. Technology...

This paper addresses the role of product liability for the emergence and development of smart products such as autonomous vehicles (AVs). We analyze how the liability regime affects innovative activities, as well as the timing of market introduction and market penetration of such smart products....

In this paper, we employ the agent-based macroeconomic Eurace@Unibi Model to study the economic implications of different degrees of de-centralization in the wage setting. Starting from a baseline scenario, corresponding to a high degree of unionization, in which wages are fully centralized and...

In a horizontal differentiated duopoly we compare Nash and Stackelberg equilibria in which the firms endogeneously choose to behave as a price or quantity setter. Using the utility function introduced by Dixit (1979) we generalize the model of Boyer and Moreaux (1987) and show that it is always...

We examine the profitability of different R&D location strategies of firms in a dynamic industry model. Firms engage in imitative and innovative activities in order to improve their products' quality, which determines their competitiveness. When choosing the set of locations in which to operate...

In this study we investigate the link between the job search channels that workers use to find employment and the probability of occupational mismatch in the new job. Our specific focus in on differences beween native and immigrant workers. We use data from the German Socio-Economic Panel (SOEP)...

Empirical studies show that female workers are under-represented in highest hierarchical positions of companies, which is known as the glass-ceiling effect. In this study we investigate the relationship between social networks and the glass-ceiling effect. Specifically, we develop an equilibrium...

Residential segregation is a key public policy issue that is driven by economic factors on the one side, and individual attitudes towards ethnic diversity on the other side. We assume a modeling framework that consists of a population of two ethnic groups, a rental market for each neighborhood,...

We have constructed a RBC model where energy is endogenously minded. It is generated within the model from fossil intermediate and renewable energy resources and consumed by final good production and households. Furthermore, households can invest in a durable good to avoid exaggerated disruptive...