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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
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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
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Trade, Wages, and Productivity
Behrens, Kristian - 2012
We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...
Persistent link: https://www.econbiz.de/10013097109
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Creative Destruction and Productive Preemption
Norback, Pehr-Johan - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10013087725
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Reconciling the Original Schumpeterian Model with the Observed Inverted-U Relationship between Competition and Innovation
Bonfatti, Roberto - 2018
Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that …
Persistent link: https://www.econbiz.de/10012919059
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Entrepreneurial Innovation and Sustained Long-Run Growth Without Weak or Strong Scale Effects
Grossmann, Volker - 2021
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth ("strong scale effect") or the level of per capita income ("weak scale effect"), with far-reaching policy implications. However, for modern times there is little empirical support...
Persistent link: https://www.econbiz.de/10013316550
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What Should We Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D
Bosetti, Valentina - 2013
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can … innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies … technical progress in the energy sector. We evaluate a range of innovation policies, both as a stand-alone instrument and in …
Persistent link: https://www.econbiz.de/10013094894
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Should Continued Family Firms Face Lower Taxes than Other Estates?
Grossmann, Volker - 2009
Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...
Persistent link: https://www.econbiz.de/10012766594
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Knowing the Right Person in the Right Place : Political Connections and economic Growth
Bellettini, Giorgio; Berti Ceroni, Carlotta; Prarolo, … - 2021
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/10013316400
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Search Costs and Corporate Income Tax Competition
Konrad, Kai A. - 2010
This paper studies corporate tax competition if it is costly to learn some of the elements that determine the effective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can...
Persistent link: https://www.econbiz.de/10013136588