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intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and …
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In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who …
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-Savage utility function, we tried to give our own interpretation of the impact of income inequality on economic growth through the …It is no secret that one of the key sources of economic growth is the entrepreneurial activity. But this type of … relevant for countries with a high level of income inequality, where the described barriers are much higher. Using the Friedman …
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