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We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...
Persistent link: https://www.econbiz.de/10013143999
We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...
Persistent link: https://www.econbiz.de/10013136436
rewarding. We endogenize the success probability of R&D and its response to the intensity of competition and specifically show … that if the technology is already advanced and competition intensifies then firms wouldn't innovate. The dynamic … competition. We finally conclude that the intensity of competition and welfare may not have the usual (direct) relationship and …
Persistent link: https://www.econbiz.de/10012824572
rewarding. We endogenize the success probability of R&D and its response to the intensity of competition and specifically show … that if the technology is already advanced and competition intensifies then firms wouldn’t innovate. The dynamic … competition. We finally conclude that the intensity of competition and welfare may not have the usual (direct) relationship and …
Persistent link: https://www.econbiz.de/10012263851
Persistent link: https://www.econbiz.de/10001599325
Persistent link: https://www.econbiz.de/10008728734
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