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Innovation dynamics under market uncertainty and financial constraints

The project "Innovation dynamics under market uncertainty and financial constraints" is funded by the German Science Foundation (DFG) within the Collaborative Research Center (SFB 1283) "Taming uncertainty and profiting from randomness and low regularity in analysis, stochastics and their applications" from 2017-2021.

Principal Investigator: Herbert Dawid

Short Description:

The aim of this project is to characterize intertemporally optimal investment strategies of financially constrained firms which compete on an established market and at the same time invest in the development of new products to be introduced to the market. Both the success of product innovation activities and the evolution of the demand for new products is assumed to be stochastic and due to financial constraints generates bankruptcy risk for the firms. A combination of analytical and numerical methods will be used to characterize the equilibrium profile of firms' investment strategies. Based on this it will be studied how the tightness of financial constraints affects innovation and bankruptcy rates of firms of different size. Our approach will also allow to analyze the implications of innovation subsidies and innovation cooperations between firms.

 

Job Opening: Postdoc Position for 4 years, Application Deadline: July 5th, 2017

Aktuelles

New Working Paper

2019-06-13

Hötte, K. (2019) Eurace@unibi-eco: A model of technology transitions - v1.1 Model documentation, Bielefeld Working Papers 08-2019

Invited Talk

2019-06-11

Herbert Dawid gives an invited talk on 'Efficiency Gains of Social Influence in a Minimum Effort Game' at the Workshop on Computational and Experimental Economics in Barcelona on June 11.

New Journal Article Accepted

2019-06-06

Bigerna, S., Hagspiel, V., Kort, P., Wen, X. (2019) Green Electricity Investments: Environmental Target and the Optimal Subsidy, European Journal of Operational Research

New Working Paper

2019-05-24

Dawid, H., Muehlheusser, G. (2019) Smart Products: Liability, Timing of Market Introduction, and Investments in Product Safety, Bielefeld Working Paper 07-2019

Conference Presentation

2019-05-21

Herbert Dawid will give an invited talk on 'The Effect of De-centralized Wage Setting on Growth and Inequality: The Role of Skill Heterogeneity' at the ICC-Tsinghua University Conference on 'Innovation, Macroeconomic Dynamics, Economic Development and Catch-Up' from May 23-25, 2019 in Beijing.

Newspaper Article

2019-05-15

The daily newspaper Westfalenblatt reports on the tradition of game theoretic research at Bielefeld University featuring Herbert Dawid (Spieltheorie hat Tradition in Bielefeld)

New Working Paper

2019-05-06

Dawid, H., Harting, Ph., Neugart, M. (2019) The Role of (De-)Centralized Wage Setting for Industry Dynamics and Economic Growth: An Agent-Based Analysis with the Eurace@Unibi Model, Bielefeld Working Paper 06_2019

New Journal Publication

2019-04-29

Gezer, S. (2019) Delaying product introduction: A dynamic analysis with endogenous time horizon, Journal of Economic Dynamics and Control, Vol. 102, Pages 96-114

New Working Paper

2019-04-23

Dawid, H., Mitkova, M., Zaharieva, A. (2019) Optimal Promotions of Competing Firms in a Frictional Labour Market with Organizational Hierarchies, Bielefeld Working Papers 03-2019

New Working Paper

2019-04-23

Dawid, H., Kopel, M., Kort, P. (2019) Product Innovation With Partial Capacity Rollover, Bielefeld Working Papers No. 2-2019

New Working Paper

2019-03-28

Alaverdyan, S., Zaharieva, A. (2019) Immigration, Social Networks and Occupational Mismatch Bielefeld Working Papers No. 4-2019

Scientific Advisory Board

2019-02-11

Herbert Dawid has been appointed as a member of the Scientific Advisory Board of the ERC Advanced Grant project EVOCLIM. The project analyzes climate policy using a behavioral-evolutionary approach.

GROWINPRO Kick-off Meeting

2019-02-07

On Feb. 5-6 Herbert Dawid and Philipp Harting attend the kick-off meeting in Pisa of the new EU H2020 Project GROWINPRO, in which Bielefeld University is a partner. The project analyzes mechanisms and policies fostering inclusive economic growth in times of increasing automation and globalizing value chains.

Closing Conference of the ZIF Research Group "In Search of the Global Labour Market", 31.01-01.02

2019-01-11

The ZIF research group "In Search of the Global Labour Market" - which is a joint project with Ursula Mense-Petermann and Thomas Welskopp - will hold a large closing conference. The conference will take place in the ZIF Plenary Hall, 31.01-01.02.2019 The exact program is attached.

Poster     Programme

New Working Paper

2018-12-20

Damdinsuren, E., Zaharieva, A. (2018) Expectation Formation and Learning in the Labour Market with On-the-Job Search and Nash Bargaining, Bielefeld Working Papers No. 10/2018.

Workshop

2018-12-20

On December 17-18, 2018 Herbert Dawid, Peter Kort (Univ. Tilburg) and Xingang Wen organized an international Workshop on ' Dynamic Models of Strategic Investment under Uncertainty'. The workshop was carried out within the collaborative research center 'Taming Uncertainty' (CRC1283, https://www.sfb1283.uni-bielefeld.de/Pages/home) at Bielefeld University. see http://www.wiwi.uni-bielefeld.de/lehrbereiche/vwl/etace/Events/

Conference Presentation

2018-11-22

Herbert Dawid has given a talk on 'Agent-based Macroeconomics' at a conference on '10 years after the World Financial Crisis'   in Hamburg from November 16-18.

Research Presentation

2018-11-22

Herbert Dawid has given a talk about 'Product Innovation With Partial Capacity Rollover' in a research symposium at the ceremony awarding the Research Award 2018 of the Austrian Science Association to Gustav Feichtinger (Programm)

Seminar Presentation in Mainz

2018-10-29

Herbert Dawid will give a talk on 'Manager Remuneration, Share Buybacks and Firm Performance' on October 29, 2018 in the Faculty Seminar Series of the Gutenberg School of Management and Economics at the University of Mainz.

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