We examine the timing and quality of product introduction in an R&D stopping game, where we allow for horizontal and vertical differentiation in the product market. We observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change. Further, when the...

Die Lohnansprüche von Arbeitslosen sind regelmäßig dann von Interesse, wenn den Ursachen von persistenter Arbeitslosigkeit nachgegangen wird. Häufig wird darauf verwiesen, dass zu hohe Anspruchslöhne eine (Re-)Integration in den Arbeitsmarkt verhindern. Im Durchschnitt lag der...

This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to...