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We study aspects of economic growth in a region that is creative in the sense of Richard Florida. We model creativity by supposing that the region under study has two sectors. The first sector uses physical capital {K(t)} and trained workers {A(t)W(t)} to produce creative capital {R(t)}. The...
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We study aspects of economic growth in a region that is creative in the sense of Richard Florida. We model creativity by supposing that the region under study has two sectors. The first sector uses physical capital {K(t)} and trained workers {A(t)W(t)} to produce creative capital {R(t)}. The...
Persistent link: https://www.econbiz.de/10012949724
We use a theoretical political-economy model with three cities and analyze three questions. First, should police in these cities have access to contentious crime fighting technologies such as facial recognition software? We describe a condition involving benefit, cost, and spatial spillover...
Persistent link: https://www.econbiz.de/10012827810
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We use a theoretical political-economy model with three cities and analyze three questions. First, should police in these cities have access to contentious crime fighting technologies such as facial recognition software? We describe a condition involving benefit, cost, and spatial spillover...
Persistent link: https://www.econbiz.de/10013226864
Persistent link: https://www.econbiz.de/10009380747
Persistent link: https://www.econbiz.de/10009673887
generates a random cash flow and that requires investment that the entrepreneur raises from a competitive market. The project …
Persistent link: https://www.econbiz.de/10013118891
open regional economy. First, we describe the first best investment contract, we study the second best investment contract … (collateralizable income) on investment by entrepreneurs. Next, we analyze the interaction between entrepreneurs and venture capitalists … second period entrepreneurs. We show that a rise in the per capita debt has an effect on investment that is analogous to a …
Persistent link: https://www.econbiz.de/10013119355