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Carbon lock-in : the role of expectations

Meijden, Gerard van der; Smulders, Sjak - 2014

We argue that expectations about future energy use affect the transition from fossil fuels to renewable substitutes, because of an interaction between innovation and resource scarcity. The paper presents a model of directed technical change to study this interaction. We find that resource-saving...

Persistent link: https://www.econbiz.de/10010390082

Competing recombinant technologies for environmental innovation

Zeppini, Paolo; Bergh, Jeroen C. J. M. van den - 2010

This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...

Persistent link: https://www.econbiz.de/10011382078

Reciprocity and incentive pay in the workplace

Dur, Robert A. J.; Non, Jan Adrianus; Roelfsema, Hein - 2008

We study optimal incentive contracts for workers who are reciprocal to management attention. When neither worker's effort nor manager's attention can be contracted, a double moral-hazard problem arises, implying that reciprocal workers should be given weak financial incentives. In a...

Persistent link: https://www.econbiz.de/10011377049

Incentives, performance and choking in darts

Klein Teeselink, Bouke; Potter van Loon, Rogier J. D.; … - 2018

This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising … natural research setting, because performance can be observed at the individual level and without the obscuring effects of … higher incentives, but choke when the incentives are really high. Professional players similarly display better performance …

Persistent link: https://www.econbiz.de/10011949171

Acceleration of technology adoption withing firms

Koellinger, Philipp; Schade, Christian D. - 2008

This paper studies the diffusion of multiple, related technologies among firms. The results suggest an endogenous acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional, related technologies....

Persistent link: https://www.econbiz.de/10011377052

Marketmaking middlemen

Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016

This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...

Persistent link: https://www.econbiz.de/10011520869

Comparative advantage, the rank-size rule, and Zipf's law

Hinloopen, Jeroen; Marrewijk, Charles van - 2006

Using a comprehensive international trade data set we investigate empirical regularities (known as Zipf’s Law or the rank-size rule) for the distribution of the interaction between countries as measured by revealed comparative advantage. Using the recently developed estimator by Gabaix and...

Persistent link: https://www.econbiz.de/10011349703

The entrepreneurial adjustment process in disequilibrium

Burke, Andrew; Stel, Adriaan J. van - 2009

The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …

Persistent link: https://www.econbiz.de/10011377541

Strategic versus financial investors : the role of strategic objectives in financial contracting

Arping, Stefan; Falconieri, Sonia - 2009

Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement their core businesses and to facilitate the internalization of externalities. We argue that while strategic objectives make it more worthwhile for an investor to elicit high...

Persistent link: https://www.econbiz.de/10011378146

Adoption of superior technology in markets with heterogeneous network externalities and price competition

Janssen, Maarten C. W.; Mendys-Kamphorst, Ewa - 2000

In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...

Persistent link: https://www.econbiz.de/10011304401