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In recent times, there has been considerable interest in issues at the interface of the environment and development. In this paper, I review four prominent recent books about the environment and development. In particular, I analyze the contributions of these four books with regard to (i) the...
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We analyze inefficiency and inequality associated with the use of creative capital to produce a final good. We first study a case in which the creative capital units are perfect substitutes in the production of the final good. We show that the equilibrium outcome is inefficient and that there is...
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We analyze inefficiency and inequality associated with the use of creative capital to produce a final good. We first study a case in which the creative capital units are perfect substitutes in the production of the final good. We show that the equilibrium outcome is inefficient and that there is...
Persistent link: https://www.econbiz.de/10012986624
We analyze inefficiency and inequality associated with the use of creative capital to produce a final good in a regional economy. Specifically, we first study a case in which the individual creative capital units are perfect substitutes in the production of the final good. We show that the...
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