Competition, innovation and growth with limited commitment
By: Ramon Marimon, Vincenzo Quadrini
Contributors: Quadrini, Vincenzo; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12474; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12474.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "We study how barriers to competition---such as restrictions to business start-up and strict enforcement of covenants or IPR---affect the investment in knowledge capital when contracts are not enforceable.  These barriers lower the competition for human capital and reduce the incentive to accumulate knowledge.  We show in a dynamic general equilibrium model that this mechanism has the potential to account for significant cross-country income inequality"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 9/7/2006.

Includes bibliographical references.

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Mode of access: World Wide Web.