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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
Persistent link: https://www.econbiz.de/10010720844
A common assumption in innovation policy circles is that creative and inventive firms will help to sustain employment … wage benefits of such activity is rather sparse. In this paper we first survey some existing literature on innovation and … jobs. We outline arguments for using both patents and trade marks as indicators of innovation. We then construct a large …
Persistent link: https://www.econbiz.de/10011150150
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