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existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …
Persistent link: https://www.econbiz.de/10012927440
existing and candidate entrepreneurs on economic growth and innovation policy in this region. We perform four specific tasks …. First, when the flow rate of innovation function for the existing entrepreneurs is strictly concave, we delineate the … the existing entrepreneurs. Third, we show how the BGP equilibrium is altered when the flow rate of innovation function …
Persistent link: https://www.econbiz.de/10012929207
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Batabyal and Yoo (2019) have recently obtained a significant result in their analysis of the use of utilitarian and Rawlsian policies by two cities to attract the creative class. They show that if one city switches to a Rawlsian or more egalitarian objective when the other city remains...
Persistent link: https://www.econbiz.de/10012845763
We study the decision problems faced by a city authority (CA) who focuses on two different objectives in her attempt to attract members of the creative class to her city by providing a local public good (LPG). First, we compute the maximum tax that a creative class member is willing to pay to...
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Batabyal and Yoo (2019) have recently obtained a significant result in their analysis of the use of utilitarian and Rawlsian policies by two cities to attract the creative class. They show that if one city switches to a Rawlsian or more egalitarian objective when the other city remains...
Persistent link: https://www.econbiz.de/10012865182
In this note, we analyze a stylized creative region that is populated by members of the creative class. The representative individual in this region possesses a constant relative risk aversion (CRRA) utility function. The existing creative capital is used to produce a final consumption good and...
Persistent link: https://www.econbiz.de/10013052461