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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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capital is positively influenced by the size of the R&D sector, sheds new light on innovation and growth as well as income …
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- 2010) matched with information on sector innovation derived from the Community Innovation Survey, we look at the impact of … innovation across small and medium-large firms, both on the average wages paid by firms and on the degree of within-firm wage …
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