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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...
Persistent link: https://www.econbiz.de/10011398011
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...
Persistent link: https://www.econbiz.de/10011401020
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
Persistent link: https://www.econbiz.de/10011518444
We contribute to the Responsible Research and Innovation (RRI) literature in two ways: (i) we consider how societal … aspects are taken into account in research and innovation activities in four fundamentally different futures, as opposed to … efficacy and efficiency of policy-making; legitimacy of research and innovation activities; societal involvement; equity; and …
Persistent link: https://www.econbiz.de/10012623748
This paper investigates interregional differences in cooperative behavior of manufacturing establishments in the field of research and development (R&D). The empirical analysis for eleven European regions reveals a number of significant differences between these regions in the propensity to...
Persistent link: https://www.econbiz.de/10010512689
In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the … underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from …
Persistent link: https://www.econbiz.de/10010431699
Persistent link: https://www.econbiz.de/10013447945
Persistent link: https://www.econbiz.de/10012012429
Persistent link: https://www.econbiz.de/10010374122