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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

Essays on Econometric Evaluation of Education Outcomes in Developing Countries

Metzler, Johannes - Volkswirtschaftliche Fakultät, … - 2009

Persistent link: https://www.econbiz.de/10008520700

Essays on Trade Policy and Education Choice

Sandkühler, Johannes - Volkswirtschaftliche Fakultät, … - 2007

This thesis is about two major economic topics, trade policy and education choice. The first and the second essay … government’s optimal policy towards final goods also. The third essay is about education choice. I introduce social preferences … into a simple model of education choice. Social preferences mean that individuals are not only concerned about their …

Persistent link: https://www.econbiz.de/10008520782

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

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

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

Backward Compatibility to Sustain Market Dominance – Evidence from the US Handheld Video Game Industry

Claussen, Jörg; Kretschmer, Tobias; Spengler, Thomas - Volkswirtschaftliche Fakultät, … - 2010

The introduction of a new product generation forces incumbents in network industries to rebuild their installed base to maintain an advantage over potential entrants. We study if backward compatibility can help moderate this process of rebuilding an installed base. Using a structural model of...

Persistent link: https://www.econbiz.de/10008542246

Private Regulation by Platform Operators – Implications for Usage Intensity

Claussen, Jörg; Kretschmer, Tobias; Mayrhofer, Philip - Volkswirtschaftliche Fakultät, … - 2010

Platforms operators act as private regulators to increase usage and maximize profits. Their goals depend on the development of the platform: overcoming the chicken-egg problem early on requires attracting platform participants while quality becomes more important later on. Private regulators...

Persistent link: https://www.econbiz.de/10008542245

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