We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...

Chapter 1. Introduction to “The Creative Class Revisited: New Analytical Advances” -- Chapter 2. Sustained Economic Growth and Physical Capital Taxation in a Creative Region -- Chapter 3. Do Existing Theories Still Hold for the Creative Labor Market? -- Chapter 4. The Creative Class Jobs...

We first construct a theoretical model of a regional economy with two sectors. One sector uses physical and creative capital - in the sense of Richard Florida (2002) - to produce a knowledge good that is traded. The other sector uses physical and social capital to produce a good that is not...