Among the approaches to multi‐criteria decision making, Pareto navigation is a powerful, interactive tool that has been successfully applied to a variety of real‐world problems with continuous decision variables, including chemical process design, drug manufacturing, logistical vehicle...

In this article we introduce an algorithm that approximates the nondominated sets of multiobjective mixed-integer convex optimization problems. The algorithm constructs an inner and outer approximation of the front exploiting the convexity of the patches for problems with an arbitrary number of...

Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions - generated by idiosyncratic tastes and local ties - dominate trade frictions -...

Using a quantitative spatial model as a data-generating process, we explore how spatial frictions affect the measurement of quality of life. We find that under a canonical parameterization, mobility frictions—generated by idiosyncratic tastes and local ties—dominate trade...

Wir zeigen in diesem Artikel, dass der empirisch gemessene Multiplikatoreffekt von Fiskalpolitik für Deutschland zwar statistisch signifikant, aber nur von geringer Größe ist. So führt z.B. eine Erhöhung der Staatsausgaben um 1 Euro innerhalb des ersten Jahres zu einem positiven Effekt von...

We extent a solvable version of the core-periphery agglomeration model to four countries located in two regions. The paper shows that there might still be a race to the bottom in capital income tax rates despite agglomeration rents earned by the mobile factor. We find that intra-regional tax...

I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...

We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990- 2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...

We develop a heterogeneous-fi rms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating fi nancial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...