The paper develops an oligopoly model of innovation and applies it to data from the Mannheim Innovation Panel. The model circumvents the need for market share and price elasticity data which typically can only…
In this paper, four commonly provided explanations for the shift in labour demand for different skill groups are investigated: the substitutability of inputs; the own-price sensitivity for different types of…
National economic concerns still hinder the implementation of effective policy measures that would enable a significant reduction of greenhouse gas emissions. Considering other economic problems like…
Gerlach and Stephan (1994) proposed a test based on the idea that the "wage premium", the part of the wage which is not explained by the stock of human capital, should help predict variables such as career…
