'.The first project reveals that the prevailing notion of education externalities is misleading and therefore empirical … externalities of education according to Lucas (1988) are likely to be internalized on the labor market. Education is recognized as a … education. Further, by differentiating 'education' and 'knowledge' it becomes obvious that growth externalities according to …

foreclosure of complementary software to rival hardware. Foreclosure occurs when a console hardware manufacturer produces software … foreclosure effect which increases console market power and forces prices higher. The second, an efficiency effect, drives prices … lower. Counterfactual exercises determine vertical integration with foreclosure is pro-competitive. It increases price …

ABC’s of Homebuying, the homeownership education programadministered by NEDCO (Neighborhood Economic Development …

.S. homeownership rate by investigating the effect of each factor on the housing and mortgage decisions. The second paper assesses how … credit crunch caused the recent decline in the homeownership rate in the U.S. To answer this question, I develop a life … bust: the proportionally larger decrease in homeownership among non-college educated households. The fade-out of …

productivity. It takes the notion of local human capital externalities as its core theoretical concept, which contends that … respect to Germany, the notion of local human capital externalities is of potential relevance since average levels of … regional productivity can be assigned to local human capital externalities and sheds light on the microeconomic mechanisms …