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We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend aspects of the recent analysis in Batabyal and Beladi (2017). Using the terminology of these researchers, members of the creative class are either artists or engineers. This...
Persistent link: https://www.econbiz.de/10012954387
We study optimal income redistribution in a region that is creative in the sense of Richard Florida and thereby extend aspects of the recent analysis in Batabyal and Beladi (2017). Using the terminology of these researchers, members of the creative class are either artists or engineers. This...
Persistent link: https://www.econbiz.de/10012941806
We study the properties of economic growth in a region that is driven by the activities of the so-called creative class. On the consumption side of our regional economy, we focus on an infinitely lived creative class household and on the production side of this same economy, we concentrate on a...
Persistent link: https://www.econbiz.de/10014030311
We study whether pessimism and optimism about the future by forward looking agents provides a rationale for social security. We first distinguish between an agent's true and pessimistic preferences and then analyze whether this agent's level of saving depends on the pessimism parameter (π) and...
Persistent link: https://www.econbiz.de/10012966447
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We exploit the public good attributes of Ganges water pollution cleanup and theoretically analyze an aggregate economy … pollution cleanup in these two cities ought to be provided in a centralized or in a decentralized manner. We first determine the … compute the optimal amount of water pollution cleanup in the two cities in a decentralized regime in which spending on cleanup …
Persistent link: https://www.econbiz.de/10014426713
We study pollution cleanup in the Ganges in Varanasi, India. Voters elect politicians and elected politicians decide … how much pollution to clean up. Between the two time periods, there is an election. Politicians are sincere or insincere …. The marginal cost of public funds ζ measures how efficiently elected politicians transform tax receipts into pollution …
Persistent link: https://www.econbiz.de/10012823660