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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

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New Working Paper

2020-07-01

Members of the ETACE group have analyzed economic and epidemic effects of different policies aiming at the containment of the COVID-19 pandemic. They employ a calibrated agent-based simulation model for their analysis.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3635329

GROWINPRO Video

2020-06-10

The EU-funded project GROWINPRO, in which several ETACE members are participating, has published a video on the "Green New Deal".

New Leibniz Research Campus

2020-06-03

Anna Zaharieva and Herbert Dawid are among researchers from Bielefeld University and the DIW Berlin, who will study economic, political and social aspects of regional heterogenity within the newly established Leibniz Research Campus "SOEP RegioHub". In their work Zaharieva and Dawid will combine the empirical analysis, mainly relying on SOEP data, with dynamic modelling appraoches. Anna Zahariava is also Co-speaker of the Campus which will receive funding from the Leibniz Association till 2024.

New Journal Publications:

2020-05-27

Dawid H, Hellmann T (2020), "R&D Investments Under Endogenous Cluster Formation, Journal of Economic Behavior and Organization", 174, 253-283.

https://doi.org/10.1016/j.jebo.2020.03.039

 

Dawid H, Kopel M, Kort PM (2020), "Product innovation with partial capacity rollover", Central European Journal of Operations Research, 28(2), 479-496

https://doi.org/10.1007/s10100-019-00648-7

 

Exside-ITN International Conference Berlin

2020-02-06

ETACE members are involved in the organization of the International Conference on 'Expectations and Social Influence Dynamics in Economics' which will be carried out in the framework of the Marie Sklodowska Curie Innovative Training Network ExSIDE  in Berlin in September.

See: http://exside-itn.eu/exside-conference/

Submissions are very welcome, the submission deadline is March 31.

 

Session at ASSA Conference

2020-01-06

Herbert Dawid organized a session on 'Industry Dynamics and Optimal Firm Behavior' at the Allied Social Science Association (ASSA) meeting from January 3-5, 2020 in San Diego.

Appointment as Associate Editor

2019-11-05

Philipp Harting has been appointed as Associate Editor of the International Journal of Microsimulations.

Invited Talk

2019-10-28

On Oct. 30 Herbert Dawid gives an invited talk about 'Policy Analysis Using the Eurace@Unibi Model' at the Workshop 'Agent-based Economics' at the University of Graz.

New Working Paper

2019-06-27

Hötte, K. (2019) Skill Transferability and the Stability of Transition Pathways - A Learning-Based Explanation for Patterns of Diffusion, Bielefeld Working Papers 09-2019

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

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