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See detailCompétitivité de l’économie luxembourgeoise 2003
Bourgain, Arnaud UL; Cardi, Olivier; Pieretti, Patrice UL et al

Report (2004)

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See detailExtensive and Intensive Growth in a Neoclassical Framework
Irmen, Andreas UL

Report (2004)

Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per capita magnitudes in the long run. This Paper ... [more ▼]

Extensive growth based on the expansion of inputs is likely to be subject to diminishing returns. Therefore it is often viewed as having no effect on per capita magnitudes in the long run. This Paper argues that periods of extensive growth through capital accumulation may be a precursor to periods of intensive growth during which output per unit of input grows through endogenous technical change. Such a sequence of stages of development occurs as capital accumulation affects the incentives to engage in labour-saving technical change. A steady rise in the capital-labour ratio affects the relative scarcity of factors of production, their (expected) relative price, and induces innovation investments. [less ▲]

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See detailCombining multiple viewpoints on genetically modified foods
König, Ariane UL

Report (2004)

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See detailEvaluation of the use of new technologies in order to facilitate democracy in Europe
Kies, Raphaël UL; Mendez, Fernando; Schmitter, Philippe et al

Report (2004)

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See detailThe Effects of Market Structure on Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2004)

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations ... [more ▼]

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externality (implicit in the static Cournot Equilibrium) as well as the dynamic market externality due to the effect on the market outputs of a capital stock and a dynamic externality that stems from the competition between firms for the capital stock. These strategic elements justify our conclusions, based on the study of four market structures, for the link between industrial organization and industry growth [less ▲]

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See detailEndogenous Public Policy and Long-Run Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2004)

. We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic ... [more ▼]

. We study the determinants of voting outcomes on the provision of public consumption through marginal income taxes in the context of the simple linear growth model. We focus on how the dynamic politicoeconomic equilibrium maps the economic fundamentals to policies and long-run growth. We find that in a deterministic growth environment voters internalize, although imperfectly, the deadweight losses of taxation and vote for lower taxes when the productivity of capital is higher. Therefore, the politicoeconomic channel reinforces the positive role of productivity for growth. In a stochastic environment, we find that if business cycles are driven by productivity shocks in the endogenous growth framework, equilibrium policies imply that taxes should fall in high growth periods and rise in low-growth periods. In line with existing evidence, our model predicts procyclical public consumption and countercyclical public consumption GDP shares. [less ▲]

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See detailOn the Income Dependence of Equivalence Scales
Koulovatianos, Christos UL; Schroder, Carsten; Schmidt, Ulrich

Report (2004)

We suggest a simple survey method for obtaining direct subjective estimates of equivalence scales, also appropriate for testing whether equivalence scales depend on reference-household income. We ... [more ▼]

We suggest a simple survey method for obtaining direct subjective estimates of equivalence scales, also appropriate for testing whether equivalence scales depend on reference-household income. We implement our approach in two countries, Germany and France. In both countries independence of base is rejected. In particular, we find that equivalence scales depend negatively on reference income, an indication of increasing economies of scale in household consumption as living standards go up. Our estimation method is non-parametric, and it allows us to test generalized equivalence-scale exactness, which is not rejected in any of our samples. [less ▲]

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See detailRedistributive Policies through Taxation: Theory and Evidence
GRANT, Charles; Koulovatianos, Christos UL; MICHAELIDES, Alexander et al

Report (2003)

Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis-incentives. Using a heterogeneous agent model with incomplete markets, we show that higher taxes ... [more ▼]

Increasing marginal tax rates and making payments to the poor reduce inequality and introduce savings dis-incentives. Using a heterogeneous agent model with incomplete markets, we show that higher taxes (and transfers) decrease consumption inequality but also mean savings and mean consumption. This demonstrates the trade-off between equity and efficiency. These theoretical predictions are tested by exploiting differences in tax rates across US states. Using two surveys, the Consumer Expenditure Survey and the Current Population Survey, we show that the empirical evidence supports the theory, and that there is a comparatively small fall in efficiency for a given gain in equity associated with higher taxation. [less ▲]

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See detailR\&D Investment, Market Structure, and Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2003)

We study how alternative market structures influence market supply and R\&D investment decisions of firms operating in dynamic imperfectly competitive environments. Firms can reduce their future ... [more ▼]

We study how alternative market structures influence market supply and R\&D investment decisions of firms operating in dynamic imperfectly competitive environments. Firms can reduce their future production cost through R\&D investment today, which is the engine of endogenous industry growth. Our framework enables us to identify key strategic ingredients in firms dynamic competitive behavior through analytical characterizations. These ingredients are a static market externality, stemming from the standard oligopolistic Cournot competition, a dynamic externality that arises due to knowledge spillovers, and a dynamic market externality that comes from the interaction of knowledge spillovers with future market oligopolistic competition that firms internalize while making decisions. We isolate the impact of each strategic ingredient by comparing four alternative market structures. [less ▲]

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See detailThe Effects of Market Structure on Industry Growth
Koulovatianos, Christos UL; Mirman, Leonard J.

Report (2003)

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations ... [more ▼]

We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and industry dynamics in addition to the usual static interaction. These effects are the static market externality (implicit in the static Cournot Equilibrium) as well as the dynamic market externality due to the effect on the market outputs of a capital stock and a dynamic externality that stems from the competition between firms for the capital stock. These strategic elements justify our conclusions, based on the study of four market structures, for the link between industrial organization and industry growth. [less ▲]

Detailed reference viewed: 92 (3 UL)
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See detailCompétitivité de l’économie luxembourgeoise 2002
Bourgain, Arnaud UL; Cardi, Olivier; Pieretti, Patrice UL et al

Report (2003)

Detailed reference viewed: 57 (0 UL)
See detailZelfbeeld en gedrag van kinderen met spina bifida en hydrocephalus in Nederland
de Wit, O; Pit-Ten Cate, Ineke UL; Stevenson, J

Report (2003)

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See detailLes modes opéatoires de la cryptographie symétrique
Schiltz, Jang UL

Report (2003)

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See detailRSA - bases mathématiques
Schiltz, Jang UL

Report (2002)

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See detailNational Minimum Wages, Capital Mobility and Global Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2002)

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction. [less ▲]

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See detailNational Minimum Wages, Capital Mobility and Global Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2002)

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and ... [more ▼]

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether national minimum wages are a stimulus or an obstacle to growth. Technology matters because it determines the functional distribution of global income as well as output effects associated with the emergence of national unemployment due to minimum wages. Interestingly, differences in national savings propensities do not only affect the strength of the growth effect associated with minimum wages but may even determine its direction. [less ▲]

Detailed reference viewed: 109 (1 UL)
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See detailCompétitivité de l’économie luxembourgeoise 2001
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2002)

Detailed reference viewed: 45 (1 UL)
See detailDe pedagogische taak van de sportvereniging
Biesta, Gert UL; Stams, G. J. J. M.; Dirks, E. et al

Report (2001)

Detailed reference viewed: 64 (0 UL)
See detailThe Workings of Scientific Communities
Cowan, Robin; Jonard, Nicolas UL

Report (2001)

No abstract is available for this item.

Detailed reference viewed: 92 (0 UL)
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See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

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See detailTrade Union Objectives and Economic Growth
Irmen, Andreas UL; Wigger, Berthold

Report (2001)

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers ... [more ▼]

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an overlapping generations framework with unionized labor. Considering a monopoly union which cares for wages and employment, we determine a range of trade union objectives and characterize the aggregate technology so that the union's policy spurs per capita income growth and increases welfare of all generations that adhere to the union. [less ▲]

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See detailWage Growth, Productivity Growth, and the Evolution of Employment
Hellwig, Martin F.; Irmen, Andreas UL

Report (2001)

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire ... [more ▼]

This Paper studies the impact of wage growth on the evolution of employment in an intertemporal general-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so is the common growth rate of consumption, demand, and output. In these steady-state equilibria employment contracts at a constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that equality of wage growth and productivity growth is a condition for constant employment. [less ▲]

Detailed reference viewed: 86 (5 UL)
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See detailCompétitivité de l’économie luxembourgeoise 2000
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2001)

Detailed reference viewed: 52 (0 UL)
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See detailCompétitivité de l’économie luxembourgeoise 1999
Bourgain, Arnaud UL; Pieretti, Patrice UL; Schuller, Guy

Report (2000)

Detailed reference viewed: 47 (0 UL)
See detailEmotionen aus intentionalitätstheoretischer Sicht: Implikationen für psychologische Forschungsprogramme
Boll, Thomas UL

Report (1999)

The paper presents the basic assumptions of an intentionality theory-based view of emotions in the philosophy of mind and its implications for psychological research programs. Intentionalistic view ... [more ▼]

The paper presents the basic assumptions of an intentionality theory-based view of emotions in the philosophy of mind and its implications for psychological research programs. Intentionalistic view conceives emotions as complex mental states with semantic content, especially as interconnected beliefs and desires. Particular types of emotions (e.g., anger, joy) are regarded as structures of beliefs and desires with abstract semantic contents. Different variants of one emotion type (e.g., anger about self, anger about others) are individuated according to their concrete semantic contents. Relations between emotions and other intentional phenomena are viewed as inferential relations. Relations between objective states of affairs and emotions are seen as representational relations. Advantages of this view are a more adequate conceptualization of emotional phenomena, options for an analysis of emotions differentiated by their objects, elaborations of cognitive and motivational theories of emotion, and a structural model of the causes and consequences of emotional responses to complex situations. These implications are evaluated with reference to heuristic gains and methodological requirements. [less ▲]

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