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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

The economics of regional demarcation in banking

Raab, Simone; Welzel, Peter - 2010

Cooperation among savings and cooperative banks was criticized by the European Commission because of potentially anti-competitive effects. In an industrial economics model of banks taking deposits and giving loans we look at regional demarcation as one of such cooperative practices. There are...

Persistent link: https://www.econbiz.de/10010271449

Bank's Assets and Liabilities Management with Multiple Sources of Risk

Pausch, Thilo - 2003

The industrial organization approach to banking is applied to analyze theeffects of the introduction of joint credit and interbank rate risk on the optimaldecisions on deposits and loans of a competitive bank. It is found that dueto the introduction of both sources of risk there appear direct...

Persistent link: https://www.econbiz.de/10010273129

A further note on a new class of solutions to dynamic programming problems arising in economic growth

Antony, Jürgen; Maußner, Alfred - 2008

This note extends the finding of Benhabib and Rusticchini (1994) who provide a class of SDGE models, whose solution is characterized by a constant savings rate. We show that this class of models may be interpreted as a standard representative agent SDGE model with costly adjustment of capital...

Persistent link: https://www.econbiz.de/10010275810

Market dynamics, dynamic resource management and environmental policy in the context of (strong) sustainability

Klarl, Torben - 2010

In this paper, we investigate the relationship between market dynamics, dynamic resource management and environmental policy. In contrast to static market entry games, this paper draws attention to the effects of market dynamics on resource dynamics et vice versa, because (1) we show that...

Persistent link: https://www.econbiz.de/10010291746