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Gretschko, Vitali; Wambach, Achim - 2018

We consider the problem of a principal who wishes to contract with a privately informed agent and is not able to commit to not renegotiating any mechanism. That is, we allow the principal, after observing the outcome of a mechanism to renegotiate the resulting contract without cost by proposing...

Persistent link: https://www.econbiz.de/10011946012

Spatial model selection and spatial knowledge spillovers : a regional view of Germany

Klarl, Torben - 2010

for spatial heterogeneity. In particular, Bayesian and Maximum-Likelihood (ML) estimation methods are employed for model … estimation can be achieved by controlling for both phenomena. -- Spatial econometrics ; Bayesian spatial econometrics ; Spatial …

Persistent link: https://www.econbiz.de/10003922966

The heterogeneous effects of training incidence and duration on labor market transitions

Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - 2010

and training participation and we use Bayesian Markov Chain Monte Carlo (MCMC) techniques for estimation. We develop a … the posterior distributions of different treatment effects of interest. Our estimation results imply positive effects of …

Persistent link: https://www.econbiz.de/10008665400

Linkages between international securitized real estate markets : further evidence from time-varying and stochastic cointegration

Schindler, Felix; Voronkova, Svitlana - 2010

This paper analyzes long-run co-movements between international real estate stock markets and between regions based on bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and Zhang (2009) and Yunus (2009) among others, this...

Persistent link: https://www.econbiz.de/10008652070

Training, mobility, and wages : specific versus general human capital

Garloff, Alfred (contributor); Kuckulenz, Anja (contributor) - 2005

This paper considers training, mobility decisions and wages together to test for the specificity of human capital … contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two … ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects of …

Persistent link: https://www.econbiz.de/10003268555

A model of welfare competition with evidence from AFDC

Saavedra, Luz Amparo - 1999

In this paper, we test empirically for strategic behaviour among the states using the cash support program Aid to Families with Dependant Children (AFDC). To motivate the empirical work, we adept Wildasin´s [41] model of income redistribution to a model of "interjurisdictional welfare...

Persistent link: https://www.econbiz.de/10011442694

EU enlargement and immigration

Kraus, Margit; Schwager, Robert - 2000

This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify several factors in addition to the reduction of moving costs by which EU membership influences migration. Specifically, EU accession affects income gaps. Moreover, if EU...

Persistent link: https://www.econbiz.de/10011443914

Immigration and heterogeneous labor in Western Germany : a labor market classification based on nonparametric estimation

Frölich, Markus; Puhani, Patrick A. - 2002

This paper presents a methodology to identify net demand shocks as well as wage rigidities in heterogeneous labor markets on the basis of nonparametric regression. We show how this approach can be used to make suggestions for immigration policy in economies with labor market rigidities. In an...

Persistent link: https://www.econbiz.de/10011447106

Product innovation and product innovation marketing : theory and microeconometric evidence

Kaiser, Ulrich - 2001

This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if the innovating firm invests in marketing, so that...

Persistent link: https://www.econbiz.de/10011446211

Research cooperation and research expenditures with endogenous absorptive capacity : theory and microeconometric evidence for the German service sector

Kaiser, Ulrich - 2000

This paper derives a three stage Cournot duopoly game for research collaboration, research expenditures and product market competition. The amount of knowledge firms can absorb from other firms is made dependent on their own research efforts, e.g., firms' absorptive capacity is treated as an...

Persistent link: https://www.econbiz.de/10011444658