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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - CESifo - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005181434
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WP 115 - More flexibility for more innovation? Evidence from the Netherlands
Wachsen, Eva; Blind, K. - Amsterdams Instituut voor ArbeidsStudies (AIAS), … - 2011
, the impact of increased labor market flexibility on research and innovation has gained more and more attention. Previous … the influences of most of the indicators of wage flexibility are positive and vary by type of innovation. While the …. Aspects of numerical and functional labor market flexibility, in contrast, act negative on all types of innovation. Thereby …
Persistent link: https://www.econbiz.de/10009421739
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Gift Exchange in the Workplace: Money or Attention?
Dur, Robert - CESifo - 2008
We develop a model of manager-employee relationships where employees care more for their manager when they are more convinced that their manager cares for them. Managers can signal their altruistic feelings towards their employees in two ways: by offering a generous wage and by giving attention....
Persistent link: https://www.econbiz.de/10005181512
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A Strategic R&D Investment with Flexible Development Time in Real Option Game Analysis
Villani, Giovanni - CESifo - 2009
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10005013067