Three essays in dynamic economic analysis [Elektronische Ressource] / vorgelegt von Sebastian Scholz

Three Essays in Dynamic EconomicAnalysisInaugural-Dissertationzur Erlangung des GradesDoctor oeconomiae publicae (Dr. oec. publ.)an der Ludwig-Maximilians-Universität München2009vorgelegt vonSebastian ScholzReferent: Prof. Ray ReesKorreferentin: Prof. Dr. Monika SchnitzerPromotionsabschlussberatung: 19. Mai 2010ContentsPreface 11 Learning and Technology Adoptions 51.1Introduction................................. 51.2TheModelwithanexogenousinnovationdate.............. 81.2.1 TheSocialPlanner’sProblem................... 81.2.2 TheMonopolist’sProblem..................... 131.2.3 Apartialcomparativeanalysis 161.2.4 A di fferentinnovationcostfunction................ 201.3Themodelwithanendogenousinnovationdate............. 201.3.1 Analyticalpart........................... 201.3.2 Numericalpart........................... 231.4 More on welfare e ffects 271.5Conclusion.................................. 30Appendix to Chapter 1 34Contents ii12 Optimal Fertility Decisions in a Life-Cycle Model 442.1Introduction................................. 42.2 The Baseline Model............................. 462.2.1 Solvingthemodel.......................... 502.2.2 Theoptimalityconditionforthetimingofchildbirth...... 542.2.3 Theoptimalityconditionforthenumberofchildren....... 562.2.4 Results................................ 582.3 Extension A: Divorce............................ 612.3.1 Step 1: The Optimal Plan before and after Divorce known tooccur at time d........