EconPapers    
Economics at your fingertips  
 

Project Evaluation and Organizational Form

Thomas Gehrig, Pierre Regibeau () and Katharine Rockett

No 1888, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a technical and a pecuniary externality resulting from the innovation process may generate multiple equilibria. Redistribution may push an economy trapped in underdevelopment to a high-growth regime.

Keywords: imperfect communication; Imperfect Information; organizational form (search for similar items in EconPapers)
JEL-codes: D23 D83 L22 (search for similar items in EconPapers)
Date: 1998-05
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1888 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:1888

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1888

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

 
Page updated 2019-12-04
Handle: RePEc:cpr:ceprdp:1888