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faced and their business environment. The business environment includes physical infrastructure, the availability of an …
Persistent link: https://www.econbiz.de/10010288245
In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...
Persistent link: https://www.econbiz.de/10010262438
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10010324875
Sleep is a source of energy. This energy is available in limited quantity and individuals must decide when it should be renewed and when it should be consumed. The economics of sleeping and the economics of resource extraction are one and the same. More specifically, utility maximization with...
Persistent link: https://www.econbiz.de/10014306470
,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth … disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …
Persistent link: https://www.econbiz.de/10014459453
Infrastructure is the economic growth theory of the market economy. The missing comprehensive approach to … constitute a system in the sense of systems theory. Personal infrastructure of today may determine economic growth in the medium … infrastructure corresponds to the practiced neglect of the long-term policy objective of economic growth in the economic order of the …
Persistent link: https://www.econbiz.de/10010271485
. The government is seen to produce a productive factor interpreted as infrastructure. Infrastructure is both nonrival and …
Persistent link: https://www.econbiz.de/10010301152
der aggregierte Kapitaleinsatz der Unternehmen erkennbar stärker zu als der amtlich ausgewiesene Kapitalstock. In der … growth accounting, different estimates of total factor productivity emerge. The methodological difference, however, does not …
Persistent link: https://www.econbiz.de/10010308268
growth accounting, different estimates of total factor productivity emerge. The methodological difference, however, does not … der aggregierte Kapitaleinsatz der Unternehmen erkennbar stärker zu als der amtlich ausgewiesene Kapitalstock. In der …
Persistent link: https://www.econbiz.de/10010308269
We consider the case in which the opening up of an economy to migration results in departure of skilled workers. We point out that while the possibility of migration changes the set of employment opportunities, it also affects the structure of incentives: Higher returns to skills in the foreign...
Persistent link: https://www.econbiz.de/10010291755