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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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The Role of Human Capital and Innovation in Prussian Economic Development
Cinnirella, Francesco; Streb, Jochen - CESifo - 2013
causal effect of human capital on income, net of the innovation channel. …
Persistent link: https://www.econbiz.de/10010693473
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Cumulative Innovation, Growth and Welfare-Improving Patent Policy
Chor, Davin; Lai, Edwin L.-C. - CESifo - 2013
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010697223
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Political Persistence, Connections and Economic Growth
Bellettini, Giorgio; Ceroni, Carlotta Berti; Prarolo, … - CESifo - 2009
defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent … quality upgrade related to innovation. Consistently with our empirical findings, the model delivers a negative association …
Persistent link: https://www.econbiz.de/10005765682
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Growth Effects of non Proprietary Innovation
Saint-Paul, Gilles - CESifo - 2002
may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …
Persistent link: https://www.econbiz.de/10005051544
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Redistribution and Occupational Choice in a Schumpeterian Growth Model
Wen, Jean-François; García-Peñalosa, Cecilia - CESifo - 2004
We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …
Persistent link: https://www.econbiz.de/10005405717
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Venture Capital Backed Growth
Keuschnigg, Christian - CESifo - 2002
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10005405803
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Legal Institutions, Innovation and Growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - CESifo - 2011
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal …
Persistent link: https://www.econbiz.de/10009150639
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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