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Growth effects of non proprietary innovation
Saint-Paul, Gilles - 2002
We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10011409970
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The Politics of Growth : Can Lobbying Raise Growth and Welfare?
Julio, Paulo - 2010
This paper aims at analyzing the e ects of lobbying over economic growth and primarily welfare. We model explicitly the interaction between policy-makers and firms in a setup where the latter undertakes political contributions to the former in exchange for more restrictive market regulations...
Persistent link: https://www.econbiz.de/10013150461
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Growth Effects of Non Proprietary Innovation
Saint-Paul, Gilles - 2021
We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10013320508
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Growth and the geography of knowledge
Aloi, Marta; Poyago-Theotoky, Joanna; Tournemaine, … - 2018
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the endogenous emergence of industry clusters. Spatial...
Persistent link: https://www.econbiz.de/10011810111
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Catching Up or Leapfrogging? The Effects of Competition on Innovation and Growth
Encaoua, David - 2015
The main objective of this paper is to analyze the links between product market competition, innovation and growth. In a step-by step innovation model we explicitly introduce the distinction between knowledge and technology information flows. Patents protect their holders from being imitated or...
Persistent link: https://www.econbiz.de/10013029477
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Foreclosures, house prices, and the real economy
Mian, Atif; Sufi, Amir; Trebbi, Francesco - 2011
Persistent link: https://www.econbiz.de/10008822995
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Foreclosures, house prices, and the real economy
Mian, Atif; Sufi, Amir; Trebbi, Francesco - 2011
A central idea in macroeconomic theory is that negative price effects from the leverage-induced forced sale of durable … judicial process for a foreclosure sale have significantly lower rates of foreclosures relative to states that have no such … requirement. Using state laws requiring a judicial foreclosure as an instrument for actual foreclosures, as well as a regression …
Persistent link: https://www.econbiz.de/10009377348
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Foreclosures, house prices, and the real economy
Mian, Atif; Sufi, Amir; Trebbi, Francesco - In: The journal of finance : the journal of the American … 70 (2015) 6, pp. 2587-2634
Persistent link: https://www.econbiz.de/10011411384
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Foreclosures, House Prices, and the Real Economy
Mian, Atif R. - 2011
. Comparing zip codes close to state borders with differing foreclosure laws, we show that foreclosure propensity and housing … scores, income, or education levels. The increase in foreclosure rates in non-judicial states persists for at least five …
Persistent link: https://www.econbiz.de/10013131506
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Foreclosures, House Prices, and the Real Economy
Mian, Atif R. - 2015
on delinquent homeowners. Comparing zip codes close to state borders with differing foreclosure laws, we show that … foreclosure propensity and housing inventory jumped discretely as one entered non-judicial states. There is no jump in other … 2007 to 2009. As foreclosures subsided from 2011 to 2013, the difference between foreclosure rates in non-judicial and …
Persistent link: https://www.econbiz.de/10013038400