87,749 research outputs found
Le operazioni di finanziamento, diretta da F. Galgano proseguita e curata da E. Panzarini con A.A. Dolmetta e Sergio Patriarca
No full textl'opera intende descrivere, con metodo scientifico, ma non ignorando la prassi, tutti i metodi di finanziamento delle impres
Comments on the paper: "On the co-evolution of innovation and demand" by P. P. Saviotti and A. Pyka
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Moonlighting Politicians: la deludente discesa in campo della Società Civile nella Seconda Repubblica
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Structural change and income distribution: An inverted-U relationship,
No full textThis paper constructs a disequilibrium model in order to analyse the structural transition characterized by the emergence of a new sector. We show that, in an economy where preferences and technology adapt over time, multiple long-term outcomes are mainly brought about by different distributive rules governing the assignment of innovative rents between workers and entrepreneurs. We robustly establish that a successful transition to a two-sector economy is ensured by a balanced distribution restoring the co-ordination of investment and consumption plans. Instead, when innovative rents are too concentrated in favor of either workers or entrepreneurs, the system does not fully accomplish the transition and unemployment might emerge, in contrast, with the standard view of a negative relationship between real wages and employment. © 2013 Elsevier B.V
Environmental taxes, inequality and technical change
No full textEnvironmental innovations heavily depend on government policies and consumers' behaviour. This paper addresses the issue of how these two factors interact in shaping the transition to a green technology. We extend models of technological selection with heterogeneous agents and learning by including a weak hierarchy between green and polluting goods. For general distributions of agents' income and the explicit inclusion of a carbon tax, the model is not analytically tractable so we derive our results using numerical simulations. Given the level of income, carbon taxes are more effective when technological improvements brought about by wealthy pioneer consumers suffice in inducing the remaining population to buy the green good. In this case, a negative relationship between income inequality and tax effectiveness emerges. Taxes on polluting production have a regressive effect since they are mainly paid by poorer people who consume less of the green good. For these people, a negative wealth effect strongly contrasts the standard substitution effect of the tax. Finally, both lower inequality and taxes have the expected effect for intermediate levels of the learning parameter
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