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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

Technological Imitation and Innovation in New European Union Markets

Uzagalieva, Ainura; Kocenda, Evžen; Menezes, Antonio - CESifo - 2010

We analyze the role of imitation and innovation in promoting technological progress in new members of European Union …: the Czech Republic, Hungary, Poland and Slovakia. The two modes of technological development—innovation and imitation …—are distinguished from one another by identifying the dominant orientation of innovation efforts at the industry level. Specific …

Persistent link: https://www.econbiz.de/10008572493

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

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