Title:The Refoundation of the Symmetric Equilibrium in Schumpeterian Growth Models
Author(s):COZZI, Guido; GIORDANI, Paolo; ZAMPARELLI, LucaDate:2007Type of Publication:ArticleAbstract:We provide a refoundation of the symmetric growth equilibrium characterizing the research sector of vertical R&D-driven growth models. We argue that the usual assumptions made in this class of models leave the agents ...
Title:The regulatory crisis of public service broadcasting
Author(s):MEIER, Henk ErikDate:2006Type of Publication:ArticleAbstract:Die Regulierung des öffentlich-rechtlichen Rundfunks befindet sich in einer Krise. Fragen nach den Ursachen, dem Verlauf und den Ergebnissen dieser Krise des Regulierungsregimes stehen im Mittelpunkt dieses Beitrags. Während ...
Title:The Relation Between Financial and Housing Wealth: Evidence From Dutch Households
Author(s):HOCHGUERTEL, Stefan; VAN SOEST, ArthurDate:2001Type of Publication:ArticleAbstract:We analyze households' joint investment decisions for financial wealth and homes. We use a bivariate censored regression model with endogenous switching. Fixed costs or transaction costs are captured by an unobserved nonzero ...