Wohlfahrtseffekt

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The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the bo…

Christopher Flinn presents an introduction to a search & bargaining model that can be used to assess the welfare effects of minimum wage changes & to determine an 'optimal' minimum wage. "The development of the model and the econometric theory underlying its estimation are care…

Introducing free innovation -- Scale and self-rewarding nature of free innovation -- Viability of individual and collaborative free innovation -- Innovation pioneering by free innovators -- Diffusion shortfall in free innovation -- Free and producer paradigm interactions -- Comp…