The long-run evolution of per-capita income exhibits a structural breakoften associated with the Industrial Revolution. We follow Mokyr (2002) and embedthe idea that this structural break reflects a regime switch in the evolution of technologicalknowledge into a dynamic framework, using Airy...

We study the effect of hyperbolic discounting on competitive equilibria in secondary markets for a durable good. Under exponential discounting, secondary markets are irrelevant in our model. They do not affect the price in the initial period and are neutral to the allocation. Under hyperbolic...

Vor dem Hintergrund einer relativ begrenzten Investitionstätigkeit in Next GenerationAccess (NGA) in Deutschland untersucht dieser Beitrag, welche ökonomischen Anreizstrukturenhinsichtlich von Investitionen in NGA bestehen. Eventuell bestehendeHemmnisse für Investitionen werden analysiert und...