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We present a simple growth model which has two original features: the strategic context considered, which is an evolutionary game, and the growth mechanism described, in which growth is caused by negative externalities. The emphasis in this growth mechanism is evidently different from that...
Persistent link: https://www.econbiz.de/10014172895
We show that accumulation and growth can be fed by negative externalities. We modify a growth model a la Solow-Ramsey, in which the labor\leisure choice has been included, in three ways: i) the welfare of agents also depends on a common; ii) the latter is deteriorated by the production of the...
Persistent link: https://www.econbiz.de/10014172956
In this paper, the expansion of private production erodes the quality of commonly owned goods, thereby forcing individuals to rely increasingly on private goods to satisfy their needs. In the face of this deterioration, households keep their labor supplies and saving rates relatively high in...
Persistent link: https://www.econbiz.de/10014172957
The traditional explanation of growth based on the primum and secundum movens of accumulation and technical progress, faces two major empirical anomalies. Why do people work so much i.e. why do they strive so much for money? The growth literature provides no answer to these question, nor to the...
Persistent link: https://www.econbiz.de/10014074601
In this paper I relate Europeanisation to the processes of nation states formation and consolidation. The paper first offers a general framework for the historical interpretation of the integration process. It then describes that same process in analytical terms, sketching the implications of...
Persistent link: https://www.econbiz.de/10005040313
We model in an endogenous growth set-up the hypotheses that the expansion of market activities weakens social capital formation, and that firms can invest in formal mechanisms of control and enforcement to substitute for social capital (trust, work ethics, honesty). The model shows that the...
Persistent link: https://www.econbiz.de/10005835993
We present a simple growth model which has two original features: the strategic context considered, which is an evolutionary game, and the growth mechanism described, in which growth is caused by negative externalities. The emphasis in this growth mechanism is evidently different from that...
Persistent link: https://www.econbiz.de/10005836025