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Estevadeordal, Brian Frantz and Tam Robert Nguyen (eds), Regional Public Goods: From Theory to Practice, Chapter 1, Washington, DC …, Real Tax Revenue, and the Case for Inflationary Finance: Theory with an Application to Argentina', International Monetary … The Theory of Incentives: The Principal- Agent Model, Chapter 1, Princeton, NJ: Princeton University Press, 7 …
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In a novel experimental design we study public good games with dynamic interdependencies. More precisely, each agent's income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address new questions...
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In a novel experimental design we study public good games with dynamic interdependencies. Each agent's income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address new questions regarding their...
Persistent link: https://www.econbiz.de/10013046227
In a novel experimental design we study dynamic public good games in which wealth is allowed to accumulate. More precisely each agent's income at the end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously allowing us to address...
Persistent link: https://www.econbiz.de/10013062270
In this paper we study the incentives for basic-research investments by governments in a globalized world. For this purpose, we develop a two-country Schumpeterian growth model in which each country chooses its basic-research investments. We find that a country's basic-research investments...
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