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We study the decision problem faced by a city authority (CA) who seeks to attract members of the creative class to his city by providing amenities. Creative class members care about their own incomes and about the amenities that the city provides. We construct a stylized model of this...
Persistent link: https://www.econbiz.de/10015226110
We study decision-making by a regional authority (RA) that uses enterprise zones to attract members of the creative class---referred to as entrepreneurs---to its region. The enterprise zones provide a local public good (LPG) L to entrepreneurs who become members. First, we compute the utility...
Persistent link: https://www.econbiz.de/10015231569
We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition and thereby extend aspects of the recent analysis in Batabyal and Yoo (2017). Using the language of these researchers, the creative class is broadly composed of existing and...
Persistent link: https://www.econbiz.de/10015256669
The creative capital possessed by the members of the creative class in region j is either acquired through education or present innately in these members. Therefore, the creative infrastructure (CI_j) in the jth region is the sum of a part (CI_j^E) representing creative capital obtained through...
Persistent link: https://www.econbiz.de/10015258096
We focus on a region that is creative in the sense of Richard Florida. The creative class is broadly composed of existing and candidate entrepreneurs. The general question we analyze concerns the effects of Schumpeterian competition between existing and candidate entrepreneurs on economic growth...
Persistent link: https://www.econbiz.de/10015258881
We provide the first theoretical analysis of the working of an agency that provides guided tours in multiple foreign languages to tourists. We begin by delineating a simple model of the functioning of such an agency. Our model accounts for the fact that this agency is operating in an environment...
Persistent link: https://www.econbiz.de/10015259195
Consider an aggregate economy of two cities. We study the impact that the use of utilitarian and Rawlsian policies by these two cities has on their ability to attract members of the the creative class. We first focus on the case in which both cities adopt utilitarian policies. Second, we analyze...
Persistent link: https://www.econbiz.de/10015262906
Batabyal and Yoo (2019) have recently obtained a significant result in their analysis of the use of utilitarian and Rawlsian policies by two cities to attract the creative class. They show that if one city switches to a Rawlsian or more egalitarian objective when the other city remains...
Persistent link: https://www.econbiz.de/10015264834
The literature on leading and lagging regions has paid scant attention to how heterogeneity between the two regions impacts the provision of a public good. Given this lacuna, our contribution is to construct a game-theoretic model of an aggregate economy consisting of a leading and a lagging...
Persistent link: https://www.econbiz.de/10015265541
Batabyal and Beladi (2019) have recently analyzed a model of competition between two cities that use a local public good (LPG) to attract members of the creative class. The creative class consists of artists and engineers and they study the behavior of a representative artist and an engineer. In...
Persistent link: https://www.econbiz.de/10015266124