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In the past decades the role of profit sharing schemes (PSS) as a way to foster innovation in a principal-agent context …, and more generally of innovation in economic growth, have been widely acknowledged and studied. However, surprisingly … innovation in a pure knowledge economy: a "patent box" incentive and a tax incentive on compensation earned by agents as PSS. A …
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Background: Countries with limited resources in economic downturns often reduce government expenditures, of which spending on preventive healthcare with no apparent immediate health impact might be cut down first. This research aims to find the optimum share of preventive health expenditure to...
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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
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