the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences …

and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non …

capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …

or in the knowledge sector, which designs new varieties. It is shown that if the elasticity of labor supply to the … knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with …