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The scope of cooperation : values and incentives

Tabellini, Guido Enrico (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641773

Why not in your backyard? : on the location and size of a public facility

Bellettini, Giorgio (contributor); Kempf, Hubert (contributor) - 2008

Persistent link: https://www.econbiz.de/10003662234

The Pygmalion effect : an agency model with reference dependent preferences

Daido, Kohei (contributor); Itō, Hideshi (contributor) - 2005

We attempt to formulate and explain two types of self-fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he is more likely to succeed). To this...

Persistent link: https://www.econbiz.de/10002756345

Intertemporal utility with heterogeneous goods and constant elasticity of substitution

Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019

We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of … the goods. We find that a standard (stationary) intertemporal utility function is consistent with these two properties if … elasticities of substitution are identical, or if the instantaneous utility function is Cobb-Douglas. We also characterize the …

Persistent link: https://www.econbiz.de/10012156591

The environmental and macroeconomic effects of socially responsible investment

Dam, Lammertjan (contributor); Heijdra, Ben J. (contributor) - 2008

We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...

Persistent link: https://www.econbiz.de/10003730310

Justifying social discounting : the rank-discounted utilitarian approach

Zuber, Stéphane; Asheim, Geir B. - 2010

The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats...

Persistent link: https://www.econbiz.de/10008697034

Steady-state growth and the elasticity of substitution

Irmen, Andreas - 2010

In a neoclassical economy with endogenous capital- and labor-augmenting technical change the steady-state growth rate of output per worker is shown to increase in the elasticity of substitution between capital and labor. This confirms the assessment of Klump and de La Grandville (2000) that the...

Persistent link: https://www.econbiz.de/10003938203

Factor substitution, income distribution, and growth in a generalized neoclassical model

Irmen, Andreas (contributor); Klump, Rainer (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624024

Something out of nothing? : Neoclassical growth and the "trivial" steady state

Hakenes, Hendrik (contributor); Irmen, Andreas (contributor) - 2006

A common perception about the neoclassical growth model is that an economy devoid of capital cannot evolve to strictly positive levels of output if capital is essential. We challenge this view by positing a broad class of production functions, encompassing the neoclassical production function,...

Persistent link: https://www.econbiz.de/10003301114

Competition, imitation, and R&D productivity in a growth model with sector-specific patent protection

Mosel, Malte - 2010

Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...

Persistent link: https://www.econbiz.de/10003982010

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