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Learning and Dynamic Comparative Advantage: Lessons from Austria's Postwar Pattern of Growth for Eastern Europe

Marin, Dalia - Volkswirtschaftliche Fakultät, … - 1995

This paper looks at Austria's pattern of development and its lessons for Eastern Europe. Austria's development path is characterized by two features. In the post-war era Austria was among the countries with the fastest convergence rate. At the same time Austria's movement up the technological...

Persistent link: https://www.econbiz.de/10005187314

Human Capital and Macroeconomic Growth: Austria and Germany 1960-1997. An Update

Marin, Dalia; Koman, Reinhard - Volkswirtschaftliche Fakultät, … - 2005

In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in levels of per capita income and rates of growth is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...

Persistent link: https://www.econbiz.de/10005187332

Education, Dynamic Signaling and Social Distance

Gallice, Andrea - Volkswirtschaftliche Fakultät, … - 2007

The paper enriches a standard signaling model of education with issues of social distance defined over educational … growing average level of schooling. As education rises, signals get noisy and potentially harmful for what concerns firms … these dynamics are in line with recent trends and other stylized facts about education. …

Persistent link: https://www.econbiz.de/10005649798

Transfers within a three generations family: when the rotten kids turn into altruistic parents

Cremer, Helmuth; Roeder, Kerstin - Volkswirtschaftliche Fakultät, … - 2014

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the … single period game in that informal aid is set according to an efficient rule. However, education is distorted upwards. In …

Persistent link: https://www.econbiz.de/10011210872

Overconfidence in the Market for Lemons

Herweg, Fabian; Müller, Daniel - Volkswirtschaftliche Fakultät, … - 2011

We extend Akerlof ’s (1970) “Market for Lemons” by assuming that some buyers are overconfident. Buyers in our model receive a noisy signal about the quality of the good that is at display for sale. Overconfident buyers do not update according to Bayes’ rule but take the noisy signal at...

Persistent link: https://www.econbiz.de/10009366341

Information Disclosure in Open Non-Binding Procurement Auctions: an Empirical Study

Stoll, Sebastian; Zöttl, Gregor - Volkswirtschaftliche Fakultät, … - 2012

The outcome of non-binding reverse auctions critically depends on how information is distributed during the bidding process. We use data from a large European procurement platform to study the impact of different information structures, specifically the availability of quality information to the...

Persistent link: https://www.econbiz.de/10011106292

The Credibility of Certifiers

Stolper, Anno - Volkswirtschaftliche Fakultät, … - 2011

It is often argued that certifiers have an incentive to offer inflated certificates, although they deny it. In this paper, we study a model in which a certifier is paid by sellers, and may offer them inflated certificates, but incurs costs if doing so. We find that the certifier may face a...

Persistent link: https://www.econbiz.de/10009399602

Globalization and the 'New Enterprise'

Marin, Dalia; Verdier, Thierry - Volkswirtschaftliche Fakultät, … - 2002

Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More...

Persistent link: https://www.econbiz.de/10005187271

Power Inside the Firm and the Market

Marin, Dalia; Verdier, Thierry - Volkswirtschaftliche Fakultät, … - 2002

Recent years have witnessed an enormous amount of reorganization of the corporate sector in the US and in Europe. This paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate levels of competition the CEO of the corporation decides...

Persistent link: https://www.econbiz.de/10005187359

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

Fabbri, Francesca; Marin, Dalia - Volkswirtschaftliche Fakultät, … - 2012

The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms...

Persistent link: https://www.econbiz.de/10009654291