Showing 1 - 10 of 296
We study medical progress within an economy of overlapping generations subject to endogenous mortality. We characterize the individual optimum and the general equilibrium of the economy and study the impact of improvements in the effectiveness of health care. We find that general equilibrium...
Persistent link: https://www.econbiz.de/10011712762
This paper investigates the relationship between innovation activities and market structure in German chemical industry. We present a formal model that suggests the existence of a self-enforcing dynamic feedback between market concentration and innovation. This model is tested on the basis of...
Persistent link: https://www.econbiz.de/10010270076
patent strength. It is found that patents ought to be weaker, the more intense competition, the higher R&D productivity, and … assumes Cournot competition and introduces an empirically substantiated measure of sector differences in the ability to catch …
Persistent link: https://www.econbiz.de/10010270109
potential competition. …
Persistent link: https://www.econbiz.de/10012287919
This paper investigates the impact of technical progress on the relationship between competition an investment. Using a … model of oligopoly competition with differentiated products where firms invest to reduce their marginal cost of production … competition that maximizes investment of the industry. This feature holds also for consumer surplus and Welfare. In the model …
Persistent link: https://www.econbiz.de/10011930693
The purpose of this paper is to assess whether the implementation of excellence approach in area of a total quality management (TQM) positively affects the financial performance of the Czech companies. This paper test whether the adoption of excellence model approach from European Foundation of...
Persistent link: https://www.econbiz.de/10011920425
Limited attention may play a role in explaining the inability to reach savings goals (Karlan, McConnell, Mullainathan and Zinman, forthcoming). Presuming that attention is a scarce resource and important for the pursuit of saving plans, limits to attention in inter-temporal consumption and...
Persistent link: https://www.econbiz.de/10011301511
The presentation analyzes whether the success of persuasive messages depends on an individual's behavioral bias: If at the onset of a savings period saving goals are chosen with over- or underconfidence, i.e. individuals over- or underestimate their savings potential, individuals might save too...
Persistent link: https://www.econbiz.de/10011301578
This paper studies an environment with two infinitely-lived altruistic agents whose only sources of income are a risk-free return on savings and voluntary transfers from the other player. We study the Markov-perfect equilibrium of a continuous-game (differential game). On the technical side, we...
Persistent link: https://www.econbiz.de/10010270082
This paper studies the structure and dynamics of consumption and consumption growth inequality. The theoretical framework is a heterogeneous agent model with stochastic labor endowments, where the group mean consumption serves as consumption externality. The main finding is that households'...
Persistent link: https://www.econbiz.de/10010270154