Now showing items 41-42 of 42
Contingent payments in selection contests
(Working paper; Arbeidsnotat, 2005-04)
The early literature on research contests stressed the advantages of a fixed prize in inspiring R&D effort. More recently the focus has moved towards endogenizing the rewards to research activity in these tournament settings, since this can induce extra effort or enhance the surplus of the buyer. We focus on a research contest as a means of selecting a partner for an R&D enterprise, in an ...
The translog neoclassical growth model
(Working paper; Arbeidsnotat, 2004-03)
The macroeconomic growth equation based on the translog aggregate production function is derived and compared to the growth equation based on Cobb-Douglas both with and without human capital. The model is estimated directly in structural form, using international panel data. Results are compared to the Cobb-Douglas case and a conventional fixed effect model.