This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endegenous investments in process R&D. The novelty is that if a firm invests more R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endogenous investments in process R&D. The novelty is that if a firm invests more in R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

Die Schweiz gilt weltweit als einer der wichtigsten Bankenplätze und wird regelmässig in einer Reihemit New York, London oder Frankfurt genannt. Eine genauere geographische Differenzierung hinsichtlichder verschiedenen schweizerischen Bankenplätze Basel1, Genf, Tessin und Zürich erfolgtdabei...

This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endegenous investments in process R&D. The novelty is that if a firm invests more R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

How shifts in the economic leadership between countries can occur has been widely debated not only since the recent catch up of China in several sectors. However, there is no adequate theoretical model analyzing this question in the light of trade liberalization. This paper is the first one to...

This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endogenous investments in process R&D. The novelty is that if a firm invests more in R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

In diesem Beitrag untersuchen wir die Auswirkungen der beiden "Franken-Schocks" von 2010/11 und 2015 auf die Schweizer Volkswirtschaft. Auf makroökonomischer Ebene zeigt sich, dass die Nominallöhne, insbesondere im Industriesektor, vor dem Hintergrund sinkender Preise und einer nur leicht...

We use a data-driven methodology to quantify the importance of different skills in performing green tasks, aiming to estimate the green potential of occupations in Switzerland. By this we mean the potential of an occupation to be able to perform green tasks on the basis of the skills attributed...

This paper presents a new approach to estimate the green potential of occupations. Using data from O*NET on the skills that workers possess and the tasks they carry out, we train several machine learning algorithms to predict the green potential of U.S. occupations classified according to the...