Showing 1 - 10 of 157
This paper considers price determination by monopolistic sellers who know the distribution of valuations among the potential buyers. We derive a novel condition under which the optimal price set by the monopolist is unique. In many settings, this condition is easy to interpret, and it is valid...
Persistent link: https://www.econbiz.de/10005789129
In this Paper we simultaneously analyse transitions from unemployment to employment and to non-participation. We estimate a dependent competing risks model with non-parametric specifications of the destination-specific duration dependence and unobserved heterogeneity terms, allowing for mutual...
Persistent link: https://www.econbiz.de/10005791571
The vocational employment training program is the most ambitious and expensive training program in Sweden and a cornerstone of labor market policy. We analyze its causal effects on the individual transition rate from unemployment to employment by exploiting variation in the timing of treatment...
Persistent link: https://www.econbiz.de/10005661564
We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical … costs to increase reduces followers' growth rates and thereby generates a pattern of conditional convergence. We discuss how …
Persistent link: https://www.econbiz.de/10005504608
This paper models technology adoption as replacing workers by machines, which perform the same job in the production process. The paper shows that such modelling of technology adoption affects significantly the analysis of economic growth. This model can explain large and persistent...
Persistent link: https://www.econbiz.de/10005504740
I argue in this paper that the `speed of convergence' estimated in recent works on `convergence' does not capture … `actual' convergence towards a steady state, but rather conditional dynamics towards a moving target. Although this … conditional convergence can be taken to imply that there are decreasing returns to such storable assets as physical and human …
Persistent link: https://www.econbiz.de/10005504752
manufacturing suggest that convergence of GDP per worker must have occurred through trends in other sectors and through …
Persistent link: https://www.econbiz.de/10005788874
This paper assesses convergence in output per head across regions in the European Community (EC), for the period 1975 …<196>90. We use three alternative methodologies to measure convergence, which yield consistent results. We observe that there are … strong differences in the pattern of convergence across sub-periods and across subsets of regions. If Southern Europe seemed …
Persistent link: https://www.econbiz.de/10005789075
. Non-convergence traps are more likely when policies and institutions are endogenized, enabling beneficiaries of existing …
Persistent link: https://www.econbiz.de/10005789082
examines what is the best way for candidate countries to fuel real convergence. The experience from earlier EU enlargements and … should be terminated as soon as possible. Second, labour and capital mobility are good for growth and economic convergence …
Persistent link: https://www.econbiz.de/10005789211