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Cumulative Innovation, Growth and Welfare-Improving Patent Policy

Chor, Davin - 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/10013075135

Using the Salop Circle to Study Scale Effects in Schumpeterian Growth Models : Why Inter-Sectoral Knowledge Diffusion Matters

Gray, Elie - 2016

This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...

Persistent link: https://www.econbiz.de/10012984503

The Lindahl Equilibrium in Schumpeterian Growth Models : Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives

Gray, Elie - 2014

What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...

Persistent link: https://www.econbiz.de/10013056813

Anti-Competitive Conduct, In-House R&D, and Growth

Grossmann, Volker; Steger, Thomas M. - 2021

Incumbent firms have two basic possibilities to improve their competitive position in the product market: investment in R&D and the creation of entry barriers to the disadvantage of potential rivals, e.g. through lobbying activities, campaign contributions, bribes or the adoption of incompatible...

Persistent link: https://www.econbiz.de/10013317107

Growth in AI Knowledge

Gans, Joshua - National Bureau of Economic Research - 2025

Building on recent advances in the literature on knowledge creation and innovation (notably Carnehl and Schneider (2025 …

Persistent link: https://www.econbiz.de/10015421857

Elite Education, Mass Education, and the Transition to Modern Growth

Strulik, Holger - 2015

We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …

Persistent link: https://www.econbiz.de/10013009852

Cumulative Innovation, Growth and Welfare-Improving Patent Policy

Chor, Davin; Lai, Edwin L.-C. - CESifo - 2013

Persistent link: https://www.econbiz.de/10010697223

Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth

Richter, Wolfram F.; Braun, Christoph - CESifo - 2010

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents’ productivity. It is shown to be second best to subsidize education even relative to the first best if the …

Persistent link: https://www.econbiz.de/10008572520

Is a Minimum Wage an Appropriate Instrument for Redistribution?

Gerritsen, Aart; Jacobs, Bas - CESifo - 2014

We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...

Persistent link: https://www.econbiz.de/10010736741

Gender Inequality in the Labor Market : Continuing Progress?

Blau, Francine D. - National Bureau of Economic Research - 2024

This article examines the trends in women's economic outcomes in the United States focusing primarily on labor force participation, occupational attainment, and the gender wage gap. The author first highlights considerable progress on all dimensions prior to the 1990s followed by a slowing or...

Persistent link: https://www.econbiz.de/10015171669