This paper presents a general-equilibrium model of Innovation, endogenous growth, and unemployment in a disaggregated economy. Unemployment is analyzed w ithin a dual labor market setting, where the labor market is consisting of a primary high-wage and a secondary low-wage sector. The...

This paper analyzes the influence of Information structure on the process of knowledge accumulation in a differential game of duopolistic R&D competition. By comparing open-loop and feedback Nash equilibria, representing imperfect and perfect information structures, we show that in the feedback...

Based on a stochastic dynamic model of a firm's optimal innovative behavior we derive a simultaneous equation system for product and process innovations with intertemporal spillover effects. We estimate various versions of the model with dichotomous Innovation data at the firm level by using a...

The paper presents a dynamic general-equilibrium model of education, quality and variety innovation, and scale-invariant growth. We consider endogenous human-capital accumulation in an educational sector and quality and variety innovation in two separate R&D sectors. In the balanced growth...

This volume contains the papers and the supplementary papers presented at the 37th Ottobeuren Seminar on the subject of "labor contracts." They deal with the reasons for and the effects of regulations in individual and collective labor contracts. Their purpose is to contribute to a better...

This volume contains the papers and supplementary papers given at the 33rd Ottobeuren Seminar on Economics. The authors deal with current issues pertaining to education and economics, such as for example the determination and the assessment of the return on education, the influence of education...

This paper presents a dynamic random effects probit model for the realization of private firms’ product and process innovations. We estimate the model with panel data collected by the Ifo Institute in Munich. The data covers the period between 1979 and 1986 and includes 301 firms of the West...

The authors in this work evaluate the challenges for economic policy faced at the turn of the century from various angles. They discuss new empirical evidence on this subject, review new theoretical approaches and consider the consequences for economic policies. (Published in German.)

This volume contains the papers and discussions of the 39th Ottobeuren Seminar on Economics dealing with the subject of "market power". The authors deal with numerous issues relevant to the market from a theoretical, empirical, political and legal perspective. This meeting of scholars from...

This volume contains the papers and the supplementary papers presented at the 36th Ottobeuren Seminar on the Dynamics of International Markets. The authors deal with issues pertaining to European integration and worldwide globalization from a theoretical and an empirical perspective. (Published...