There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and macro estimates are recently attributed to frictions and adjustment costs, we show that…
This study has the overall objective to make proposals for action in the implementation of the National Adaptation Strategy of the German federal government addressing finance and incentive structures. On that…
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and…
