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...

Despite tremendous growth in the volume of new scientific and technological knowledge, the popular press has recently raised concerns that disruptive innovative activity is slowing. These dire prognoses were mainly driven by \cite{park2023papers}, a \textit{Nature} publication that uses decades...

Industrialisierung und De-Industrialisierung? -- TEIL I: Erklärung der Industriellen Entwicklung -- TEIL II: Wertschöpfungsketten und Digitalisierung -- TEIL III: Implikationen für Unternehmen und Staat -- Unternehmensstrategische Herausforderungen. - Wirtschaftspolitische Implikationen.

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...