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Monitoring and privacy in automobile insurance markets with moral hazard

Filipova, Lilia - 2007

This paper considers moral hazard insurance markets when voluntary monitoring technologies are available and insureds may choose the precision of monitoring. Also privacy costs incurred thereby are taken into account. Two alternative contract schemes are compared in terms of welfare: (i)...

Persistent link: https://www.econbiz.de/10010266128

Emission standards vs. taxes: the case of asymmetric Cournot duopoly and uncertain control costs

Heuson, Clemens - 2008

, hitherto environmental economic theory has restricted itself to either of them when submitting conventional policy instruments …

Persistent link: https://www.econbiz.de/10010266129

On the stability of equilibria in replicator dynamics modelling: an application in industrial dynamics considering resource constraints

Klarl, Torben - 2008

Replicator dynamic modelling (rdm) is used to discuss industrial evolution problems with heterogeneous agents. However, some of the models tend to be very complex and, therefore, analytical solutions cannot be obtained. Hence, the paper proposes to start with a relatively simple model and check...

Persistent link: https://www.econbiz.de/10010267054

A neo-darwinian foundation of evolutionary economics: With an application to the theory of the firm

Rahmeyer, Fritz - 2010

theory of innovation and later - based on Penrose - to resource-based theories of the firm. In this the dynamic process of … theory of the firm. …

Persistent link: https://www.econbiz.de/10010270409

Modelling the folk theorem of spatial economics: A heterogeneous regional growth model

Klarl, Torben - 2009

During the last year, the research field of spatial economic has rapidly increased. There is consensus thatthe economic performance of a region depends not only on its own potential, but also on the development of their neighbouring regions. Knowledge spillovers, which are non constant over...

Persistent link: https://www.econbiz.de/10010270410

Firm heterogeneity, credit constraints, and endogenous growth

Klarl, Torben; Maußner, Alfred - 2010

This paper is concerned with the role of firm heterogeneity under credit constraints for economic growth. We focus on firm size, innovativeness and credit constraints in a semi-endogenous growth model reflecting recent empirical findings on firm heterogeneity. It allows for an explicit solution...

Persistent link: https://www.econbiz.de/10010270411

A Neo-Schumpeterian approach towards public sector economics

Hanusch, Horst; Pyka, Andreas; Wackermann, Florian - 2009

Innovation is the major driver of economic growth and development. To analyze innovation processes the restriction of a framework suited to the analysis of innovation towards the industrial sphere of an economy is not sufficient because of the important co-evolutionary dimensions of innovation....

Persistent link: https://www.econbiz.de/10010270414

Capital/labor substitution, capital deepening, and FDI

Antony, Jürgen - 2007

Empirical studies show that the elasticity of substitution between capital and labor is larger than one in developed … elasticity of substitution. The case of a falling real interest rate and capital deepening in the developed countries in the … elasticity of substitution can be responsible for a U-shaped relationship between the capital intensity of the developed country …

Persistent link: https://www.econbiz.de/10010270602

A dual elasticity of substitution production function with an application to cross country inequality

Antony, Jürgen - 2007

This paper develops a production function which two separate elasticities of substitution between two input factors. One of these elasticities is obtained if the factor intensity equals a particular baseline value. The second part of the paper gives an economic application and shows the...

Persistent link: https://www.econbiz.de/10010270603

Would You Like to Be a Prosumer? Information Revelation, Personalization and Price Discrimination in Electronic Markets

Bandulet, Martin; Morasch, Karl - 2003

Electronic commerce and flexible manufacturing allow personalization of initially standardized products at low cost. Will customers provide the information necessary for personalization? Assuming that a consumer can control the amount of information revealed, we analyse how his decision...

Persistent link: https://www.econbiz.de/10010270920