Foellmi, Reto; Wuergler, Tobias; Zweimüller, Josef - In: Journal of Economic Theory 153 (2014) C, pp. 617-647
and market size effects. The inequality–growth relationship depends on how mass production affects productivity; and on …We study a model of growth and mass production. Firms undertake either product innovations that introduce new luxury … more narrow range of low-quality mass products. In this framework, inequality affects the composition of R&D through price …