infonet-economy

We set up a model, in which firms in a small industrialized country outsource part of their production to a foreign economy, which is rich in low-skilled labour. We analyse, how a decline in trade costs affects outsourcing activities and the production structure in the small economy. A stimulation of cross-border outsourcing raises wage dispersion and, if labour markets are unionized...

We set up a partial equilibrium model of Cournot competition, where firms can strategically choose their outsourcing intensity. This decision is based on a trade-off between lower marginal production costs and higher fixed costs. In this model, a lower number of identical firms leads to higher market concentration and higher outsourcing activities. The theoretical hypothesis of a...

We consider an infinite-horizon exchange economy with incomplete markets and collateral constraints. As in the two-period model of Geanakoplos and Zame (2002), households can default on their liabilities at any time, and financial securities are only traded if the promises associated with these securities are backed by collateral. We examine an economy with a single perishable...

Zahl und Vielfalt der ökonomischen Probleme des Hochschulsektors haben in den letzten Jahren - nicht zuletzt aufgrund knapper werdender Ressourcen - deutlich zugenommen. Dies war Anlass für den Bildungsökonomischen Ausschuss, sich auf seiner 27. Jahrestagung, die im März 2002 an der Friedrich-Schiller-Universität in Jena stattfand, mit hochschulökonomischen Fragen zu beschäftigen....