Gersbach, Hans; Schneider, Maik T.; Schneller, Olivier - 2008 - This version: January 2008
in relation to the economy’s openness. Here basic research is considered as a
global public good, whereas we focus on … the economy
and derive the equilibrium for a given level of basic research. We then proceed to solve
the government …
The economy comprises the market for the final consumption good with price unity,
the labor market with wage rate w, and a …