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and of market incompleteness on innovators' behavior. Then, we notably revisit the issues of Pareto sub-optimality and of …
Persistent link: https://www.econbiz.de/10010252161
Long run economic growth goes along with structural change. Recent work has identified explanatory factors on the demand side (non-homothetic preferences) and on the supply-side, in particular differential productivity growth across sectors and differences in factor proportions and capital...
Persistent link: https://www.econbiz.de/10010235832
variations in the income elasticity of demand across goods played an important role in initial approaches, recent models stress …
Persistent link: https://www.econbiz.de/10011482690
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10011515411
capital (investment network). For each network, we document a declining fraction of production by goods sectors and a rising …
Persistent link: https://www.econbiz.de/10014285534
We identify a natural counterpart of the standard GARP for demand data in which goods are all indivisible. We show that ….: Micro. 5(1) p.28-34 (2013), who rather minimally modify the original consumer problem with indivisible goods so that the …
Persistent link: https://www.econbiz.de/10010212659
little evidence that bilateral trust affects international movements of goods and labor. More generally, we highlight the …
Persistent link: https://www.econbiz.de/10009743839
externalities from consumption. Correlational field evidence suggests a positive relationship between income and social … responsibility. To investigate a causal link, we conduct a laboratory market experiment in which firms and consumers can exchange … an increase in the share of socially responsible consumption in the laboratory. Such a causal relationship is significant …
Persistent link: https://www.econbiz.de/10011919340
production side features one sector producing the capital good and two consumption goods sectors. All sectors operate under … constant returns to scale technology with human and physical capital as inputs. One of the consumption goods sectors is a …
Persistent link: https://www.econbiz.de/10014431164
increased public investment, reduced market power through lower price markups for patents and intermediate goods, and an …
Persistent link: https://www.econbiz.de/10014364961