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constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …
Persistent link: https://www.econbiz.de/10013102492
We provide what to the best of our knowledge is the first theoretical analysis of the total effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk aversion preferences, there...
Persistent link: https://www.econbiz.de/10013103536
constant relative risk aversion preferences, there are negative externalities in innovation, and there are three kinds of …
Persistent link: https://www.econbiz.de/10013076867
We study innovation policy in a region in which the members of the creative class engage in Schumpeterian competition …
Persistent link: https://www.econbiz.de/10014033253
REE can undertake two possible types of innovation at the same cost. The first (second) type of innovation is general …. First, we show that although the REE will never undertake the general innovation, he may undertake the specific innovation …. Second, we point out that even though the general innovation is not undertaken, the value to the creative region from the …
Persistent link: https://www.econbiz.de/10014033277
how renewal theory can be used to set the quality standard optimally. …
Persistent link: https://www.econbiz.de/10005806276
In this paper I propose and develop a new framework for modeling groundwater management issues. Specifically, I apply the methods of queuing theoryfor the first time, to the best of my knowledgeto model a groundwater management problem from a long-run perspective. I characterize two simple...
Persistent link: https://www.econbiz.de/10005060820
the methods of queuing theory—for the first time, to the best of my knowledge—to model a groundwater management problem …
Persistent link: https://www.econbiz.de/10005077183
how renewal theory can be used to set the quality standard optimally. …
Persistent link: https://www.econbiz.de/10005077185