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Sraffa's model it is impossible to define constant returns to scale, while in Arrow-Debreu this property is admissible, and …
Persistent link: https://www.econbiz.de/10010286398
commons, Lukas Peter argues that this form of social organization can provide answers to the shortcomings of centralized … an ecological understanding of the commons and human freedom, more generally, thereby reinterpreting classical thinkers … such as John Locke and John Rawls. Importantly, he does not suggest an end to property, states or markets, but rather a …
Persistent link: https://www.econbiz.de/10014280315
Persistent link: https://www.econbiz.de/10011935637
, property - particularly if open to innovation - plays a vital role in achieving this balance. This commentary explains four … normative principles that help design innovative property. Since the four principles derive from long-standing ideas about … property in land, the commentary uses a distinctly conservative approach. This approach, however, is quite innovative in the …
Persistent link: https://www.econbiz.de/10014475821
Persistent link: https://www.econbiz.de/10011696557
There is growing evidence that rising levels of prosperity in Western economies since 1945 have not been matched by greater incidences of reported well-being and happiness. Indeed, material affluence is often accompanied instead by greater social and individual distress. A growing literature...
Persistent link: https://www.econbiz.de/10011902030
Economists and lawyers are badly divided on issues concerning tying and bundling. Permissivie and prohibitive attitudes are changing radically in the literature and in the legal practice. After a short discurse on the notions, we introduce the basic ideas, theories and debates according to...
Persistent link: https://www.econbiz.de/10010494490
The paper compares the gender wage differentials of two occupation groups - innovation and non-innovation workers - separately for manufacturing and services using Finnish private-sector data. We apply a decomposition method based on unconditional quantile regression techniques to identify key...
Persistent link: https://www.econbiz.de/10010326895
An innovative firm with private information about its indivisible process innovation chooses strategically whether to apply for a patent with probabilistic validity or rely on secrecy. By doing so, the firm manages its rivals' beliefs about the size of the innovation, and affects the incentives...
Persistent link: https://www.econbiz.de/10010334114
Investment in brands drives the allocation of resources in our economy. It increases competition, pushes firms to innovate, and decreases asymmetries in the market leading to a higher level of economic development. Investment in brands and intangibles has seen an increase in the last fifteen...
Persistent link: https://www.econbiz.de/10011790289